--- title: "TaoWeave | 8-K: FY2026 Q1 Revenue: USD 707 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286813768.md" datetime: "2026-05-18T20:09:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286813768.md) - [en](https://longbridge.com/en/news/286813768.md) - [zh-HK](https://longbridge.com/zh-HK/news/286813768.md) --- # TaoWeave | 8-K: FY2026 Q1 Revenue: USD 707 M Revenue: As of FY2026 Q1, the actual value is USD 707 M. EPS: As of FY2026 Q1, the actual value is USD 0.43. EBIT: As of FY2026 Q1, the actual value is USD -565 M. ### Financial Highlights (First Quarter 2026 vs. First Quarter 2025) #### Net Income TaoWeave, Inc. reported a net income of $1.7 million, or $0.43 per diluted share, for the first quarter of 2026, which is a significant improvement compared to a net loss of - $0.7 million, or - $0.59 per diluted share, in the first quarter of 2025. This improvement was primarily driven by a $2.2 million unrealized gain and a $52 thousand realized gain on the Company’s TAO holdings during Q1 2026. #### Total Revenue Total revenue for Q1 2026 was $0.7 million ($707 thousand), marking a 14% increase year-over-year compared to $622 thousand in Q1 2025. This included a new revenue stream of $86 thousand from TAO staking. #### Gross Profit and Margin Consolidated gross profit increased by 89% to $470 thousand in Q1 2026 from $249 thousand in Q1 2025. The consolidated gross margin expanded from 40% to 66%. #### Operating Loss and Expenses Operating loss narrowed by 19% year-over-year to - $0.6 million (- $559 thousand) in Q1 2026, compared to - $691 thousand in Q1 2025. Total operating expenses were $1.0 million ($1,029 thousand), modestly higher year-over-year, mainly due to stock-based advisory fees related to the digital asset treasury program. #### Adjusted EBITDA Loss Adjusted EBITDA loss narrowed by 31% year-over-year to - $0.5 million (- $475 thousand) in Q1 2026, from - $691 thousand in Q1 2025. #### Balance Sheet and Liquid Assets (as of March 31, 2026) TaoWeave, Inc. maintained a debt-free balance sheet. The company had $2.1 million ($2,130 thousand) in cash and cash equivalents. It held 23,557 TAO tokens valued at $7.2 million ($7,209 thousand), resulting in total liquid assets of $9.3 million and working capital of $8.7 million. ### Segment Revenue and Performance (First Quarter 2026) #### Digital Assets Segment Revenue from the Digital Assets segment was $86 thousand, generated from TAO staking rewards, with a segment gross profit of $80 thousand, or 93%. This segment also recognized $2.2 million ($2,198 thousand) in unrealized gains and $52 thousand in realized gains on TAO holdings. #### Managed Services Segment Revenue for the Managed Services segment was $422 thousand, representing a 17% decrease year-over-year due to customer disconnects and service-level reductions. However, the segment gross margin expanded to 47% from 27% in the prior-year period, primarily due to reduced personnel expenses. One customer in this segment accounted for 58% of consolidated revenue in Q1 2026, a decrease from 81% in Q1 2025. #### Collaboration Products Segment Revenue from the Collaboration Products segment increased by 75% year-over-year to $199 thousand, driven by spares orders and installation revenue. TaoWeave, Inc. announced the end-of-life for its Mezzanine™ product line in December 2025, anticipating minor maintenance revenue through 2026 with no further product revenue. ### Treasury Performance and Staking Operations During Q1 2026, TaoWeave, Inc. earned approximately 348 TAO tokens through staking, contributing $86 thousand in revenue with a 93% gross margin. The company sold 1,457 TAO tokens for $522 thousand in cash proceeds, realizing a gain of $52 thousand. As of March 31, 2026, TAO tokens represented approximately 72% of total assets, valued at $7.2 million, up from 66% at year-end 2025. All TAO holdings remained fully staked. Subsequent to quarter-end, in April 2026, TaoWeave, Inc. purchased an additional 1,900 TAO tokens for $506 thousand, increasing total holdings to approximately 25,663 tokens. ### Outlook TaoWeave, Inc. is evaluating Bittensor subnet teams with differentiated technologies and early commercial traction. The company intends to leverage its operating experience, enterprise relationships, and public market platform to provide strategic value to these teams. The goal is to support their commercialization efforts as the Bittensor ecosystem develops. ### Related Stocks - [TWAV.US](https://longbridge.com/en/quote/TWAV.US.md) ## Related News & Research - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md)