What is Datavault AI's operating income?

Datavault AI's total operating income in 2025 was -$32.48 million, based on the following breakdown: Total Gross Profit: $30.40 million Total Operating Expenses: $62.88 million

Datavault AI (DVLT) Financials

$0.06 +0.00 (+6.38%)

Closing price 04:00 PM Eastern

Extended Trading

$0.04 -0.02 (-34.17%)

As of 07:14 PM Eastern

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Annual Income Statements for Datavault AI

This table shows Datavault AI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-26	-67	-12	-13	-13	-16	-25	-68	-79
Consolidated Net Income / (Loss)	-26	-67	-12	-13	-12	-16	-19	-51	-79
Net Income / (Loss) Continuing Operations	-26	-67	-12	-13	-12	-16	-19	-51	-79
Total Pre-Tax Income	-26	-67	-12	-13	-12	-16	-19	-51	-79
Total Operating Income	-6.84	-12	-11	-11	-12	-18	-21	-21	-32
Total Gross Profit	-0.16	-0.24	-0.07	0.43	1.86	0.40	-3.46	0.38	30
Total Revenue	1.11	1.37	1.67	2.40	6.54	3.37	2.08	2.67	39
Operating Revenue	1.11	1.37	1.67	2.40	6.54	3.37	2.08	2.67	39
Total Cost of Revenue	1.27	1.61	1.74	1.98	4.68	2.97	5.54	2.30	8.69
Operating Cost of Revenue	1.27	1.61	1.74	1.98	4.68	2.97	5.54	2.30	8.69
Total Operating Expenses	6.68	11	11	12	13	18	18	22	63
Selling, General & Admin Expense	1.43	3.66	2.83	4.17	4.02	5.16	5.37	9.72	35
Marketing Expense	1.59	2.80	2.83	2.97	4.12	6.14	5.18	3.97	11
Research & Development Expense	3.66	4.87	5.43	4.57	5.24	7.14	7.46	7.82	16
Total Other Income / (Expense), net	-19	-56	-0.87	-1.42	-0.31	1.90	2.74	-30	-47
Interest Expense	14	34	0.00	1.40	0.01	0.90	1.77	1.27	26
Other Income / (Expense), net	-4.73	-22	-0.87	-0.02	-0.30	2.79	4.51	-29	-21
Income Tax Expense	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.01
Preferred Stock Dividends Declared	-	-	0.06	0.08	1.23	0.00	6.36	5.84	0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	0.00	0.13	-	-	0.00	10	0.00
Basic Earnings per Share	($75.89)	($9.96)	($12.75)	($2.47)	($105.20)	($82.89)	($476.31)	($16.14)	($0.52)
Weighted Average Basic Shares Outstanding	338.01K	6.76M	948.49K	5.24M	124.02K	194.85K	52.66K	4.20M	152.58M
Diluted Earnings per Share	($75.89)	($9.96)	($12.75)	($2.47)	($105.20)	($82.89)	($476.31)	($16.14)	($0.52)
Weighted Average Diluted Shares Outstanding	338.01K	6.76M	948.49K	5.24M	124.02K	194.85K	52.66K	4.20M	152.58M
Weighted Average Basic & Diluted Shares Outstanding	338.01K	6.76M	948.49K	5.24M	16.88M	1.97M	250.94M	64.20M	614.31M

This table shows Datavault AI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-13	-3.14	-43	-7.35	-15	-9.56	-37	-33	0.66	-53	-88
Consolidated Net Income / (Loss)	-6.36	2.71	-43	-5.09	-6.36	-9.56	-37	-33	0.66	-53	-88
Net Income / (Loss) Continuing Operations	-6.36	2.71	-43	-5.09	-6.36	-9.56	-37	-33	0.66	-53	-88
Total Pre-Tax Income	-6.36	2.71	-43	-5.09	-6.36	-9.56	-37	-33	0.66	-53	-88
Total Operating Income	-4.62	-4.16	-5.41	-5.24	-6.33	-9.43	-12	-15	4.17	-31	-26
Total Gross Profit	-0.33	-0.08	0.01	0.23	0.22	0.07	0.04	0.10	30	0.11	2.88
Total Revenue	0.42	0.26	0.35	1.17	0.90	0.63	1.74	2.90	34	3.42	6.72
Operating Revenue	0.42	0.26	0.35	1.17	0.90	0.63	1.74	2.90	34	3.42	6.72
Total Cost of Revenue	0.75	0.34	0.33	0.95	0.68	0.56	1.70	2.81	3.62	3.31	3.84
Operating Cost of Revenue	0.75	0.34	0.33	0.95	0.68	0.56	1.70	2.81	3.62	3.31	3.84
Total Operating Expenses	4.29	4.08	5.42	5.47	6.55	9.50	12	15	26	31	29
Selling, General & Admin Expense	1.11	1.43	2.76	2.26	3.27	5.64	6.53	7.67	15	19	15
Marketing Expense	1.39	0.93	0.87	0.98	1.20	1.50	1.74	2.21	5.83	6.64	7.18
Research & Development Expense	1.79	1.72	1.79	2.23	2.09	2.36	4.22	4.98	4.94	5.73	7.24
Total Other Income / (Expense), net	-1.74	6.87	-37	0.15	-0.03	-0.13	-25	-18	-3.51	-22	-62
Interest Expense	0.17	1.27	0.00	-0.01	0.01	0.12	17	6.67	1.80	2.85	1.00
Interest & Investment Income	-	-	-	-	-	-	0.00	-	-	-	-56
Other Income / (Expense), net	-1.62	8.13	-37	0.14	-0.02	-0.01	-7.45	-12	-1.71	-19	-4.20
Income Tax Expense	0.00	0.00	0.00	0.00	-	0.00	0.01	0.00	-	0.00	0.00
Basic Earnings per Share	($241.62)	($5.35)	($11.89)	($1.39)	($3.47)	($0.18)	($0.54)	($0.33)	-	($0.09)	($0.12)
Weighted Average Basic Shares Outstanding	52.66K	585.50K	3.59M	5.28M	4.20M	53.68M	68.17M	101.11M	152.58M	574.22M	727.62M
Diluted Earnings per Share	($241.62)	($5.35)	($11.89)	($1.39)	($3.47)	($0.18)	($0.54)	($0.33)	-	($0.09)	($0.12)
Weighted Average Diluted Shares Outstanding	52.66K	585.50K	3.59M	5.28M	4.20M	53.68M	68.17M	101.11M	152.58M	574.22M	727.62M
Weighted Average Basic & Diluted Shares Outstanding	250.94M	4.67M	5.62M	7.77M	64.20M	66.02M	97.69M	285.22M	614.31M	855.56M	949.73M

This table details how cash moves in and out of Datavault AI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.16	2.97	-2.92	7.12	5.69	-10	-2.49	2.92	-1.33
Net Cash From Operating Activities	-10	-9.95	-11	-9.86	-12	-18	-15	-18	-24
Net Cash From Continuing Operating Activities	-10	-9.95	-11	-9.86	-12	-18	-15	-18	-24
Net Income / (Loss) Continuing Operations	-26	-67	-12	-13	-12	-16	-19	-51	-79
Consolidated Net Income / (Loss)	-26	-67	-12	-13	-12	-16	-19	-51	-79
Depreciation Expense	0.06	0.04	0.06	0.07	0.08	0.12	0.10	0.07	10
Amortization Expense	11	27	0.03	1.39	0.00	0.88	0.85	1.26	1.73
Non-Cash Adjustments To Reconcile Net Income	4.11	25	1.39	1.94	1.71	-0.78	-1.62	32	58
Changes in Operating Assets and Liabilities, net	-0.07	4.73	-0.47	-0.55	-1.48	-1.59	4.56	0.46	-14
Net Cash From Investing Activities	-0.17	-0.09	-0.03	-0.05	-0.10	-0.04	-0.05	-1.56	-7.88
Net Cash From Continuing Investing Activities	-0.17	0.00	-0.03	-0.05	-0.10	-0.04	-0.05	-1.56	-7.88
Purchase of Property, Plant & Equipment	-0.07	-	-0.04	-0.05	-0.10	-0.04	-0.05	-0.04	-0.38
Acquisitions	-0.10	-	-	-	-	-	0.00	-0.10	-6.50
Other Investing Activities, net	-	-	-	-	-	-	0.00	-1.42	-1.00
Net Cash From Financing Activities	11	13	8.15	17	17	7.35	12	22	30
Net Cash From Continuing Financing Activities	11	13	8.15	17	17	7.35	12	22	30
Repayment of Debt	-5.07	-0.20	0.00	-2.16	0.00	-1.54	-2.37	-0.67	-4.26
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	-6.27	0.00
Repurchase of Common Equity	-0.03	-	-	-	-	0.00	-2.32	0.00	-0.62
Issuance of Debt	16	3.44	0.00	2.24	0.00	2.47	0.60	0.60	30
Issuance of Common Equity	0.00	10	7.07	16	17	-	13	28	5.01
Other Financing Activities, net	0.00	-0.50	1.08	0.79	-0.03	6.42	0.00	0.71	0.00
Cash Interest Paid	-	-	0.00	0.35	0.00	0.23	0.26	0.27	0.87
Cash Income Taxes Paid	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00

This table details how cash moves in and out of Datavault AI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	0.20	2.35	3.35	-2.19	-0.59	-3.16	0.49	1.02	0.32	0.20	-0.81
Net Cash From Operating Activities	-2.73	-3.54	-5.51	-4.23	-4.25	-6.02	-6.81	-10	-0.41	-8.73	-71
Net Cash From Continuing Operating Activities	-2.73	-3.54	-5.51	-4.23	-4.25	-6.02	-6.81	-10	-0.41	-8.73	-71
Net Income / (Loss) Continuing Operations	-6.36	2.71	-43	-5.09	-6.36	-9.56	-37	-33	0.66	-53	-88
Consolidated Net Income / (Loss)	-6.36	2.71	-43	-5.09	-6.36	-9.56	-37	-33	0.66	-53	-88
Depreciation Expense	0.02	0.02	0.03	0.01	0.01	2.32	2.50	2.76	2.75	3.16	3.29
Amortization Expense	0.07	1.26	-	-	-	0.12	0.31	0.77	0.53	0.90	0.41
Non-Cash Adjustments To Reconcile Net Income	2.18	-7.75	38	0.54	1.65	0.63	27	19	11	27	68
Changes in Operating Assets and Liabilities, net	1.37	0.22	-0.52	0.31	0.45	0.47	0.90	-0.09	-16	13	-55
Net Cash From Investing Activities	-	-0.01	-0.16	-0.18	-1.21	-1.05	-5.50	-	-1.33	-14	-3.23
Net Cash From Continuing Investing Activities	-	-0.01	-0.16	-0.18	-1.21	-1.05	-5.50	-	-1.33	-14	-3.23
Purchase of Property, Plant & Equipment	-	-0.01	-0.01	-0.01	-0.01	-0.05	-	-	-0.33	-0.44	-0.15
Acquisitions	-	-	-	-	-0.10	0.00	-	-	-	-13	-0.82
Other Investing Activities, net	-	0.00	-0.15	-0.17	-1.10	-1.00	1.00	-	-1.00	-0.50	-2.06
Net Cash From Financing Activities	2.92	5.90	9.02	2.22	4.87	3.92	13	11	2.06	23	74
Net Cash From Continuing Financing Activities	2.92	5.90	9.02	2.22	4.87	3.92	13	11	2.06	23	74
Repayment of Debt	-0.72	-0.67	-	-	-	-0.41	-0.68	-1.04	-2.13	-6.96	-3.75
Repurchase of Common Equity	-	0.00	-	-	-	-0.62	-	-	-0.00	0.00	-1.63
Issuance of Common Equity	1.99	12	9.02	2.22	4.87	4.95	-0.22	0.04	0.25	30	77

This table presents Datavault AI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1.46	5.41	4.22	11	19	11	4.82	101	275
Total Current Assets	1.20	5.14	4.02	11	19	11	4.08	6.44	143
Cash & Equivalents	0.25	3.22	0.30	7.42	13	2.90	0.41	3.33	2.00
Note & Lease Receivable	-	-	-	-	-	-	-	0.00	0.00
Accounts Receivable	0.05	0.11	0.11	0.09	0.21	0.27	0.29	0.35	33
Inventories, net	0.69	1.38	2.67	2.71	4.78	7.07	2.74	1.62	0.64
Prepaid Expenses	0.20	0.43	0.94	0.91	1.09	0.89	0.64	1.14	9.92
Other Current Assets	-	-	-	-	-	-	-	0.00	98
Plant, Property, & Equipment, net	0.06	0.11	0.08	0.14	0.16	0.17	0.09	0.06	0.61
Total Noncurrent Assets	0.19	0.16	0.12	0.04	0.04	0.15	0.65	94	131
Long-Term Investments	-	-	-	-	-	-	-	0.00	4.30
Goodwill	-	-	-	-	-	-	-	0.00	19
Intangible Assets	0.09	0.06	0.03	-	-	-	0.00	93	95
Other Noncurrent Operating Assets	0.10	0.09	0.09	0.04	0.04	0.15	0.65	1.55	13
Total Liabilities & Shareholders' Equity	1.46	5.41	4.22	11	19	11	4.82	101	275
Total Liabilities	31	1.59	3.11	3.39	3.01	13	9.73	15	37
Total Current Liabilities	9.16	1.38	2.70	2.28	2.97	3.67	3.64	4.11	27
Short-Term Debt	5.24	-	0.00	0.18	-	-	-	0.00	4.95
Accounts Payable	1.33	0.53	1.55	0.67	1.55	2.04	2.32	2.78	11
Accrued Expenses	0.72	0.85	1.15	1.43	1.42	1.63	1.32	1.33	11
Other Current Liabilities	-	-	-	-	-	-	-	0.00	0.10
Total Noncurrent Liabilities	87	0.21	0.41	1.10	0.05	9.77	6.10	11	9.85
Long-Term Debt	-	-	0.00	0.67	0.00	0.46	0.00	9.57	5.92
Other Noncurrent Operating Liabilities	87	0.21	0.41	0.43	0.05	9.32	6.10	1.22	3.93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	-94	3.82	0.59	7.32	16	-2.00	-5.16	86	238
Total Preferred & Common Equity	-94	3.82	0.59	7.32	16	-2.00	-5.16	86	238
Total Common Equity	-94	3.82	0.59	7.32	16	-2.00	-5.16	86	238
Common Stock	14	180	188	208	229	226	242	384	615
Retained Earnings	-108	-176	-188	-200	-212	-228	-247	-298	-377

This table presents Datavault AI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	5.53	6.93	11	8.02	96	121	139	250	277
Total Current Assets	4.76	6.24	9.97	7.06	2.69	3.80	17	106	135
Cash & Equivalents	0.21	2.76	6.11	3.92	0.17	0.66	1.68	2.21	1.40
Note & Lease Receivable	-	-	-	-	-	-	-	0.50	1.90
Accounts Receivable	0.43	0.29	0.12	0.18	0.28	0.82	1.23	32	28
Inventories, net	3.17	2.58	2.33	1.86	1.34	1.37	0.99	0.72	0.94
Prepaid Expenses	0.94	0.61	1.41	1.10	0.90	0.95	4.47	13	48
Other Current Assets	-	-	-	-	-	-	8.15	58	54
Plant, Property, & Equipment, net	0.11	0.08	0.07	0.06	0.10	0.35	0.30	1.20	2.45
Total Noncurrent Assets	0.67	0.61	0.59	0.90	93	117	122	143	139
Long-Term Investments	-	-	-	-	-	-	4.30	1.77	1.89
Goodwill	-	-	-	-	-	19	19	27	27
Intangible Assets	-	-	-	-	90	97	98	103	100
Other Noncurrent Operating Assets	0.67	0.61	0.59	0.58	2.50	0.63	0.85	11	9.82
Total Liabilities & Shareholders' Equity	5.53	6.93	11	8.02	96	121	139	250	277
Total Liabilities	4.65	9.60	4.20	3.72	14	47	39	30	31
Total Current Liabilities	3.79	4.35	3.57	3.12	4.17	8.12	24	23	27
Short-Term Debt	0.63	-	-	-	-	0.52	14	3.16	5.22
Accounts Payable	1.96	3.26	2.19	1.69	2.81	3.85	5.19	7.05	9.71
Accrued Expenses	1.21	1.09	1.38	1.43	1.36	3.74	5.18	12	12
Other Current Liabilities	-	-	-	-	-	-	-	0.76	0.79
Total Noncurrent Liabilities	0.86	5.25	0.63	0.60	9.82	39	15	7.06	3.48
Long-Term Debt	0.00	-	-	-	9.28	38	14	3.38	0.00
Other Noncurrent Operating Liabilities	0.86	5.25	0.63	0.60	0.53	0.64	0.66	3.68	3.48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	0.89	-2.67	6.43	4.30	82	74	100	220	246
Total Preferred & Common Equity	0.89	-2.67	6.43	4.30	82	74	100	220	246
Total Common Equity	0.89	-2.67	6.43	4.30	82	74	100	220	246
Common Stock	242	242	293	296	390	419	478	651	764
Retained Earnings	-241	-244	-287	-292	-308	-345	-378	-431	-519

This table displays calculated financial ratios and metrics derived from Datavault AI's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	15,366,327.00	24,570,247.00	0.00	15,803,940.00	17,119,353.00	17,742,705.00	7,767,828.00	285,217,148.00
DEI Adjusted Shares Outstanding	0.00	51.00	82.00	0.00	1,054.00	1,141.00	118,285.00	7,767,828.00	285,217,148.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-1,320,725.49	-147,487.80	0.00	-12,377.61	-14,155.13	-212.04	-8.72	-0.28
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	23.48%	21.25%	44.30%	172.09%	-48.56%	-38.10%	28.37%	1,361.82%
EBITDA Growth	0.00%	-1,794.23%	-81.22%	17.50%	-19.09%	-21.48%	-12.28%	-205.04%	15.72%
EBIT Growth	0.00%	-192.48%	64.46%	6.03%	-4.46%	-29.15%	-11.13%	-195.83%	-6.12%
NOPAT Growth	0.00%	-69.13%	3.54%	-1.13%	-1.98%	-56.75%	-18.91%	1.49%	-53.63%
Net Income Growth	0.00%	-162.58%	82.13%	-5.54%	6.97%	-36.64%	-15.91%	-174.61%	-53.66%
EPS Growth	0.00%	86.88%	82.13%	80.63%	6.97%	-36.64%	-15.91%	96.61%	96.78%
Operating Cash Flow Growth	0.00%	4.20%	-10.85%	10.63%	-16.73%	-52.19%	15.35%	-18.21%	-34.71%
Free Cash Flow Firm Growth	0.00%	0.00%	91.67%	-5.07%	-18.37%	50.65%	-186.96%	-692.95%	-54.62%
Invested Capital Growth	0.00%	100.68%	35.50%	65.44%	143.05%	-235.70%	-19.95%	1,828.34%	163.73%
Revenue Q/Q Growth	0.00%	0.00%	6.59%	33.85%	17.24%	-24.37%	-19.23%	21.99%	533.53%
EBITDA Q/Q Growth	0.00%	0.00%	-30.47%	2.74%	10.99%	1.23%	-34.93%	-0.37%	22.70%
EBIT Q/Q Growth	0.00%	0.00%	-11.08%	2.64%	10.76%	-3.78%	-25.79%	-0.21%	14.20%
NOPAT Q/Q Growth	0.00%	0.00%	-2.64%	-4.97%	4.71%	-14.09%	3.02%	-8.80%	24.44%
Net Income Q/Q Growth	0.00%	0.00%	-11.08%	2.34%	4.59%	-2.68%	-18.13%	0.01%	8.16%
EPS Q/Q Growth	0.00%	0.00%	-11.08%	-43.60%	4.59%	-2.68%	-18.13%	-29.33%	44.09%
Operating Cash Flow Q/Q Growth	0.00%	8.39%	2.54%	2.16%	-5.25%	-10.64%	11.32%	-9.53%	14.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-4.66%	-2.53%	59.38%	-10.38%	-784.47%	-14.50%
Invested Capital Q/Q Growth	0.00%	0.00%	-27.41%	-18.48%	11.61%	-211.32%	-508.68%	24,489.57%	99.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	-14.27%	-17.32%	-4.26%	17.76%	28.50%	11.74%	-165.96%	14.06%	77.77%
EBITDA Margin	-31.26%	-479.48%	-716.63%	-409.73%	-179.33%	-423.48%	-768.12%	-1,825.24%	-105.24%
Operating Margin	-614.84%	-842.14%	-669.93%	-469.51%	-175.98%	-536.23%	-1,030.10%	-790.50%	-83.08%
EBIT Margin	-1,040.00%	-2,463.39%	-722.09%	-470.26%	-180.54%	-453.22%	-813.63%	-1,874.98%	-136.11%
Profit (Net Income) Margin	-2,305.35%	-4,902.26%	-722.57%	-528.49%	-180.71%	-479.97%	-898.75%	-1,922.55%	-202.09%
Tax Burden Percent	100.02%	100.01%	100.07%	100.02%	100.02%	100.01%	100.02%	100.00%	100.01%
Interest Burden Percent	221.62%	198.98%	100.00%	112.36%	100.08%	105.89%	110.44%	102.54%	148.47%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-1,105.83%	-732.24%	-349.27%	0.00%	0.00%	-34.15%	-13.59%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-865.48%	-592.30%	-311.03%	0.00%	0.00%	-1,290.59%	-1,055.38%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	617.38%	450.66%	251.95%	0.00%	0.00%	-93.07%	-35.22%
Return on Equity (ROE)	27.15%	148.57%	-488.46%	-281.58%	-97.32%	-224.62%	542.17%	-127.22%	-48.81%
Cash Return on Invested Capital (CROIC)	0.00%	-16,055.62%	-1,135.98%	-781.55%	-432.67%	0.00%	0.00%	-121.88%	-103.62%
Operating Return on Assets (OROA)	-794.30%	-986.37%	-249.90%	-145.67%	-76.96%	-98.89%	-208.27%	-95.09%	-28.35%
Return on Assets (ROA)	-1,760.72%	-1,962.93%	-250.06%	-163.71%	-77.03%	-104.73%	-230.06%	-97.51%	-42.09%
Return on Common Equity (ROCE)	27.15%	148.57%	-437.22%	-246.82%	-94.93%	-224.62%	561.56%	-126.84%	-48.81%
Return on Equity Simple (ROE_SIMPLE)	27.15%	-1,764.20%	-2,026.60%	-173.66%	-72.17%	809.17%	363.02%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.79	-8.10	-7.81	-7.90	-8.06	-13	-15	-15	-23
NOPAT Margin	-430.39%	-589.50%	-468.95%	-328.66%	-123.19%	-375.36%	-721.07%	-553.35%	-58.16%
Net Nonoperating Expense Percent (NNEP)	304.16%	3,254.71%	-240.35%	-139.94%	-38.24%	-45.28%	-259.64%	1,256.43%	1,041.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	291.25%	-15.53%	-9.14%
Cost of Revenue to Revenue	114.27%	117.32%	104.26%	82.24%	71.50%	88.26%	265.96%	85.94%	22.23%
SG&A Expenses to Revenue	128.39%	266.16%	169.81%	173.38%	61.40%	153.19%	257.66%	363.58%	89.79%
R&D to Revenue	329.34%	354.66%	325.75%	190.18%	80.05%	212.30%	357.95%	292.37%	42.21%
Operating Expenses to Revenue	600.57%	824.82%	665.67%	487.27%	204.48%	547.96%	864.14%	804.56%	160.85%
Earnings before Interest and Taxes (EBIT)	-12	-34	-12	-11	-12	-15	-17	-50	-53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.35	-6.59	-12	-9.85	-12	-14	-16	-49	-41
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	13.76	25.23	3.78	1.34	0.00	0.00	0.19	0.78
Price to Tangible Book Value (P/TBV)	0.00	13.99	26.48	3.78	1.34	0.00	0.00	0.00	1.50
Price to Revenue (P/Rev)	10.78	38.25	9.00	11.52	3.36	0.55	1.00	5.96	4.76
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	82.22	18.70	16.15	2.71	0.00	0.00	0.24	0.79
Enterprise Value to Revenue (EV/Rev)	15.27	35.91	9.13	9.03	1.35	0.00	0.92	8.29	4.87
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.06	0.00	0.00	0.11	0.00	-0.23	0.00	0.11	0.05
Long-Term Debt to Equity	0.00	0.00	0.00	0.08	0.00	-0.23	0.00	0.11	0.02
Financial Leverage	-0.07	-0.04	-0.71	-0.76	-0.81	-1.08	0.41	0.07	0.03
Leverage Ratio	-0.02	-0.08	1.95	1.72	1.26	2.14	-2.36	1.30	1.16
Compound Leverage Factor	-0.03	-0.15	1.95	1.93	1.26	2.27	-2.60	1.34	1.72
Debt to Total Capital	-5.87%	0.00%	0.00%	9.67%	0.00%	-29.69%	0.00%	10.04%	4.37%
Short-Term Debt to Total Capital	-5.87%	0.00%	0.00%	2.04%	0.00%	0.00%	0.00%	0.00%	1.99%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	7.63%	0.00%	-29.69%	0.00%	10.04%	2.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	46.53%	6.82%	0.00%	0.00%	-5.03%	0.00%	0.00%
Common Equity to Total Capital	105.87%	100.00%	53.47%	83.52%	100.00%	129.69%	105.03%	89.96%	95.63%
Debt to EBITDA	-15.07	0.00	0.00	-0.09	0.00	-0.03	0.00	-0.20	-0.26
Net Debt to EBITDA	-14.35	0.00	0.00	0.67	0.00	0.17	0.00	-0.13	-0.11
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.07	0.00	-0.03	0.00	-0.20	-0.14
Debt to NOPAT	-1.09	0.00	0.00	-0.11	0.00	-0.04	0.00	-0.65	-0.48
Net Debt to NOPAT	-1.04	0.00	0.00	0.83	0.00	0.19	0.00	-0.42	-0.20
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.08	0.00	-0.04	0.00	-0.65	-0.26
Altman Z-Score	-135.82	-45.20	-67.98	-22.07	-11.62	-31.15	-82.64	-5.10	1.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	10.49%	12.34%	2.46%	0.00%	-3.58%	0.31%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.13	3.73	1.49	4.87	6.47	3.03	1.12	1.57	5.32
Quick Ratio	0.03	2.42	0.15	3.28	4.49	0.86	0.19	0.89	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-96	-8.03	-8.43	-9.98	-4.93	-14	-112	-173
Operating Cash Flow to CapEx	-15,735.13%	0.00%	-32,447.06%	-18,959.62%	-11,624.24%	-40,730.23%	-29,652.00%	-50,074.29%	-6,213.16%
Free Cash Flow to Firm to Interest Expense	0.00	-2.88	0.00	-6.04	-1,109.08	-5.49	-7.99	-88.12	-6.72
Operating Cash Flow to Interest Expense	-0.74	-0.30	0.00	-7.06	-1,278.67	-19.50	-8.38	-13.78	-0.92
Operating Cash Flow Less CapEx to Interest Expense	-0.74	-0.30	0.00	-7.09	-1,289.67	-19.55	-8.41	-13.81	-0.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.40	0.35	0.31	0.43	0.22	0.26	0.05	0.21
Accounts Receivable Turnover	20.31	16.48	15.15	24.91	43.75	13.82	7.35	8.32	2.37
Inventory Turnover	1.84	1.55	0.86	0.74	1.25	0.50	1.13	1.06	7.71
Fixed Asset Turnover	17.21	15.73	17.18	21.27	43.03	20.03	15.60	35.42	117.74
Accounts Payable Turnover	0.95	1.73	1.67	1.78	4.21	1.65	2.54	0.90	1.28
Days Sales Outstanding (DSO)	17.97	22.15	24.10	14.65	8.34	26.41	49.68	43.88	153.80
Days Inventory Outstanding (DIO)	198.90	235.02	425.41	496.08	292.19	728.16	323.06	345.86	47.34
Days Payable Outstanding (DPO)	382.34	211.02	219.17	205.49	86.67	220.66	143.69	404.95	285.88
Cash Conversion Cycle (CCC)	-165.47	46.15	230.34	305.25	213.86	533.91	229.05	-15.20	-84.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	-88	0.60	0.81	1.35	3.27	-4.44	-5.32	92	243
Invested Capital Turnover	-0.01	-0.03	2.36	2.23	2.84	-5.77	-0.43	0.06	0.23
Increase / (Decrease) in Invested Capital	0.00	88	0.21	0.53	1.92	-7.71	-0.89	97	151
Enterprise Value (EV)	17	49	15	22	8.86	-0.59	1.91	22	191
Market Capitalization	12	53	15	28	22	1.85	2.07	16	186
Book Value per Share	($279.56)	$0.25	$0.02	$1.40	$1.04	($0.12)	($0.29)	$11.04	$0.83
Tangible Book Value per Share	($279.84)	$0.24	$0.02	$1.40	$1.04	($0.12)	($0.29)	($0.88)	$0.43
Total Capital	-89	3.82	1.11	8.76	16	-1.54	-4.91	95	249
Total Debt	5.24	0.00	0.00	0.85	0.00	0.46	0.00	9.57	11
Total Long-Term Debt	0.00	0.00	0.00	0.67	0.00	0.46	0.00	9.57	5.92
Net Debt	4.99	-3.22	-0.30	-6.57	-13	-2.44	-0.41	6.24	4.56
Capital Expenditures (CapEx)	0.07	0.00	0.03	0.05	0.10	0.04	0.05	0.04	0.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.96	0.55	1.02	1.60	3.12	4.56	0.04	-1.00	119
Debt-free Net Working Capital (DFNWC)	-2.71	3.76	1.32	9.01	16	7.46	0.45	2.33	121
Net Working Capital (NWC)	-7.96	3.76	1.32	8.83	16	7.46	0.45	2.33	116
Net Nonoperating Expense (NNE)	21	59	4.23	4.80	3.76	3.52	3.70	37	56
Net Nonoperating Obligations (NNO)	6.86	-3.22	-0.30	-6.57	-13	-2.44	-0.41	6.24	4.56
Total Depreciation and Amortization (D&A)	11	27	0.09	1.46	0.08	1.00	0.95	1.33	12
Debt-free, Cash-free Net Working Capital to Revenue	-266.30%	39.67%	61.10%	66.39%	47.62%	135.48%	1.68%	-37.55%	304.27%
Debt-free Net Working Capital to Revenue	-243.91%	273.87%	78.99%	374.83%	248.02%	221.58%	21.41%	86.99%	309.40%
Net Working Capital to Revenue	-714.94%	273.87%	78.99%	367.39%	248.02%	221.58%	21.41%	86.99%	296.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($22,767,000.00)	($2,988,000.00)	($192,000.00)	($37,050.00)	($15,750.00)	($12,433.50)	($477.00)	($16.14)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	1.00	52.00	89.00	699.00	827.00	1.30K	52.66K	4.20M	152.58M
Adjusted Diluted Earnings per Share	($22,767,000.00)	($2,988,000.00)	($192,000.00)	($37,050.00)	($15,750.00)	($12,433.50)	($477.00)	($16.14)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	1.00	52.00	89.00	699.00	827.00	1.30K	52.66K	4.20M	152.58M
Adjusted Basic & Diluted Earnings per Share	($22,767,000.00)	($2,988,000.00)	($192,000.00)	($37,050.00)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.00	23.00	63.00	349.00	1.13K	13.12K	1.67M	64.20M	614.31M
Normalized Net Operating Profit after Tax (NOPAT)	-4.79	-8.10	-7.81	-7.90	-8.06	-13	-15	-15	-23
Normalized NOPAT Margin	-430.39%	-589.50%	-468.95%	-328.66%	-123.19%	-375.36%	-721.07%	-553.35%	-58.16%
Pre Tax Income Margin	-2,304.84%	-4,901.67%	-722.09%	-528.37%	-180.68%	-479.91%	-898.56%	-1,922.55%	-202.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.82	-1.01	0.00	-8.09	-1,312.11	-16.98	-9.58	-39.42	-2.06
NOPAT to Interest Expense	-0.34	-0.24	0.00	-5.66	-895.30	-14.07	-8.49	-11.63	-0.88
EBIT Less CapEx to Interest Expense	-0.83	-1.01	0.00	-8.13	-1,323.11	-17.03	-9.61	-39.44	-2.08
NOPAT Less CapEx to Interest Expense	-0.35	-0.24	0.00	-5.69	-906.30	-14.11	-8.52	-11.66	-0.90
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.41%	0.00%	-0.79%

This table displays calculated financial ratios and metrics derived from Datavault AI's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	17,742,705.00	250,940,750.00	4,665,559.00	5,620,610.00	7,767,828.00	64,202,635.00	66,024,190.00	97,692,374.00	285,217,148.00	614,308,267.00	855,561,995.00
DEI Adjusted Shares Outstanding	118,285.00	1,672,938.00	4,665,559.00	5,620,610.00	7,767,828.00	64,202,635.00	66,024,190.00	97,692,374.00	285,217,148.00	614,308,267.00	855,561,995.00
DEI Earnings Per Adjusted Shares Outstanding	-107.56	-1.87	-9.14	-1.31	-1.88	-0.15	-0.56	-0.34	0.00	-0.09	-0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-54.15%	-45.63%	-18.82%	52.41%	114.76%	146.67%	402.90%	147.78%	3,649.56%	443.08%	287.15%
EBITDA Growth	-205.86%	848.01%	-869.15%	15.18%	-2.96%	-233.32%	59.90%	-347.56%	190.61%	-560.13%	-58.54%
EBIT Growth	-125.63%	2,106.06%	-858.67%	15.81%	-1.70%	-337.74%	53.33%	-415.74%	138.71%	-432.51%	-53.97%
NOPAT Growth	12.64%	-2.38%	-15.17%	17.29%	-36.97%	-58.77%	-130.51%	-181.44%	194.10%	-228.17%	-112.34%
Net Income Growth	-82.32%	393.92%	-701.07%	16.67%	0.06%	-453.27%	13.01%	-547.60%	110.39%	-455.59%	-137.16%
EPS Growth	-82.32%	393.92%	93.40%	99.04%	98.56%	96.64%	95.46%	76.26%	0.00%	50.00%	77.78%
Operating Cash Flow Growth	40.99%	23.34%	-22.12%	-42.22%	-55.96%	-70.17%	-23.65%	-145.17%	90.45%	-44.87%	-946.51%
Free Cash Flow Firm Growth	-158.77%	236.60%	90.21%	-56.31%	-4,226.42%	-2,521.85%	-48,660.37%	-4,699.21%	-43.93%	-49.24%	-28.59%
Invested Capital Growth	-19.95%	-282.77%	-91.77%	-71.28%	1,828.34%	1,771.54%	35,164.98%	32,425.13%	163.73%	145.16%	121.69%
Revenue Q/Q Growth	-45.38%	-39.29%	35.29%	239.71%	-23.04%	-30.27%	175.83%	67.38%	1,064.64%	-89.90%	96.63%
EBITDA Q/Q Growth	-2.55%	185.34%	-911.75%	88.06%	-24.48%	-10.51%	-144.13%	-33.27%	125.20%	-905.12%	41.68%
EBIT Q/Q Growth	-3.00%	163.64%	-1,174.04%	88.04%	-24.43%	-48.78%	-110.83%	-32.14%	109.34%	-2,146.60%	39.04%
NOPAT Q/Q Growth	27.07%	-28.49%	9.01%	3.00%	-20.77%	-48.94%	-32.11%	-18.44%	140.38%	-619.42%	14.52%
Net Income Q/Q Growth	-4.12%	142.54%	-1,676.10%	88.07%	-24.88%	-50.39%	-288.12%	11.15%	102.00%	-8,137.97%	-65.68%
EPS Q/Q Growth	-4.12%	142.54%	-122.24%	88.31%	-149.64%	94.81%	-200.00%	38.89%	0.00%	0.00%	-33.33%
Operating Cash Flow Q/Q Growth	8.40%	-29.91%	-55.51%	23.14%	-0.45%	-41.74%	-13.00%	-52.39%	96.09%	-2,049.51%	-716.27%
Free Cash Flow Firm Q/Q Growth	-34.02%	280.60%	-105.81%	-1,012.41%	-3,609.51%	-1.09%	-16.88%	-9.49%	-11.25%	-4.83%	-0.71%
Invested Capital Q/Q Growth	-508.68%	-2.09%	105.84%	17.98%	24,489.57%	-1.27%	23.12%	8.81%	99.38%	-8.22%	11.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-79.52%	-32.55%	3.19%	19.28%	24.61%	10.97%	2.02%	3.27%	89.30%	3.25%	42.85%
EBITDA Margin	-1,465.24%	2,059.61%	-12,357.39%	-434.30%	-702.44%	-1,113.20%	-985.25%	-784.47%	16.97%	-1,353.10%	-401.35%
Operating Margin	-1,100.71%	-1,630.59%	-1,566.67%	-447.35%	-702.00%	-1,499.36%	-718.10%	-508.13%	12.33%	-906.03%	-393.87%
EBIT Margin	-1,485.95%	1,557.65%	-12,365.51%	-435.24%	-703.66%	-1,501.27%	-1,147.49%	-905.92%	7.26%	-1,472.04%	-456.35%
Profit (Net Income) Margin	-1,515.00%	1,061.57%	-12,366.67%	-434.47%	-704.99%	-1,520.35%	-2,139.25%	-1,135.54%	1.95%	-1,555.36%	-1,310.48%
Tax Burden Percent	100.03%	100.00%	100.00%	100.00%	100.00%	100.00%	100.01%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	101.92%	68.15%	100.01%	99.82%	100.19%	101.27%	186.40%	125.35%	26.90%	105.66%	287.17%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-940.75%	-819.12%	-30.33%	-74.95%	-39.80%	-35.97%	2.88%	-169.49%	-71.85%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	16.92%	-737.96%	-96.45%	-168.23%	-219.47%	-284.63%	-62.11%	-708.25%	-422.42%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-11.18%	499.19%	-6.96%	-13.52%	-86.17%	-49.95%	-2.07%	-27.42%	-52.35%
Return on Equity (ROE)	542.17%	-592.58%	-951.93%	-319.93%	-37.29%	-88.47%	-125.97%	-85.92%	0.81%	-196.91%	-124.20%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-519.32%	-1,512.21%	-121.88%	-126.34%	-240.66%	-248.09%	-103.62%	-108.23%	-102.13%
Operating Return on Assets (OROA)	-380.37%	298.48%	-2,261.61%	-140.82%	-35.69%	-89.20%	-77.56%	-76.22%	1.51%	-356.54%	-107.64%
Return on Assets (ROA)	-387.80%	203.42%	-2,261.82%	-140.57%	-35.75%	-90.33%	-144.59%	-95.53%	0.41%	-376.72%	-309.09%
Return on Common Equity (ROCE)	561.56%	-592.58%	-951.93%	-319.93%	-37.17%	-88.47%	-125.97%	-85.92%	0.81%	-196.91%	-124.20%
Return on Equity Simple (ROE_SIMPLE)	0.00%	565.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.24	-4.16	-3.78	-3.67	-4.43	-6.60	-8.72	-10	4.17	-22	-19
NOPAT Margin	-770.50%	-1,630.59%	-1,096.67%	-313.15%	-491.40%	-1,049.55%	-502.67%	-355.69%	12.33%	-634.22%	-275.71%
Net Nonoperating Expense Percent (NNEP)	-219.35%	181.76%	-957.67%	-81.16%	66.12%	93.28%	179.67%	248.66%	64.99%	538.76%	350.57%
Return On Investment Capital (ROIC_SIMPLE)	62.75%	155.79%	-58.84%	-85.45%	-4.65%	-7.26%	-7.76%	-8.09%	1.68%	-9.56%	-7.37%
Cost of Revenue to Revenue	179.52%	132.55%	96.81%	80.72%	75.39%	89.03%	97.98%	96.73%	10.70%	96.75%	57.15%
SG&A Expenses to Revenue	263.57%	561.18%	800.58%	192.92%	362.31%	897.30%	376.25%	264.02%	45.12%	547.31%	222.05%
R&D to Revenue	426.67%	672.55%	518.55%	189.85%	231.60%	375.36%	243.46%	171.32%	14.60%	167.71%	107.71%
Operating Expenses to Revenue	1,021.19%	1,598.04%	1,569.86%	466.64%	726.61%	1,510.33%	720.12%	511.40%	76.96%	909.28%	436.71%
Earnings before Interest and Taxes (EBIT)	-6.24	3.97	-43	-5.10	-6.35	-9.44	-20	-26	2.46	-50	-31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-6.15	5.25	-43	-5.09	-6.34	-7.00	-17	-23	5.74	-46	-27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.86	2.32	0.19	0.67	0.60	1.07	0.78	1.73	1.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.86	2.32	0.00	0.00	0.00	0.00	1.50	4.21	2.53
Price to Revenue (P/Rev)	1.00	0.20	6.70	4.54	5.96	17.89	10.01	17.26	4.76	9.07	6.39
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	18.54	16.12	0.24	0.70	0.73	1.06	0.79	1.72	1.22
Enterprise Value to Revenue (EV/Rev)	0.92	0.00	3.29	2.75	8.29	20.87	18.51	20.85	4.87	9.13	6.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.11	0.11	0.52	0.28	0.05	0.03	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.11	0.11	0.51	0.14	0.02	0.02	0.00
Financial Leverage	0.41	-1.48	-0.66	-0.68	0.07	0.08	0.39	0.18	0.03	0.04	0.12
Leverage Ratio	-2.36	3.83	1.59	2.62	1.30	1.30	1.63	1.41	1.16	1.15	1.24
Compound Leverage Factor	-2.40	2.61	1.59	2.61	1.31	1.32	3.04	1.77	0.31	1.21	3.57
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	10.04%	10.20%	34.13%	22.03%	4.37%	2.89%	2.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.46%	10.80%	1.99%	1.39%	2.08%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	10.04%	10.20%	33.67%	11.23%	2.38%	1.49%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-5.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	105.03%	100.00%	100.00%	100.00%	89.96%	89.80%	65.87%	77.97%	95.63%	97.11%	97.92%
Debt to EBITDA	0.00	0.00	0.00	0.00	-0.20	-0.15	-1.08	-0.53	-0.26	-0.08	-0.06
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-0.13	-0.15	-1.06	-0.42	-0.11	-0.03	-0.02
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-0.20	-0.15	-1.07	-0.27	-0.14	-0.04	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	-0.65	-0.50	-1.64	-0.93	-0.48	-0.17	-0.11
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-0.42	-0.49	-1.61	-0.74	-0.20	-0.07	-0.04
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-0.65	-0.50	-1.62	-0.48	-0.26	-0.09	0.00
Altman Z-Score	-75.31	-46.85	-48.43	-50.64	-3.66	-2.48	-3.98	-2.83	1.79	5.07	3.49
Noncontrolling Interest Sharing Ratio	-3.58%	0.00%	0.00%	0.00%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.44	2.79	2.26	1.57	0.65	0.47	0.68	5.32	4.62	4.95
Quick Ratio	0.19	0.70	1.75	1.31	0.89	0.11	0.18	0.12	1.29	1.50	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.35	4.25	-0.25	-2.74	-102	-103	-120	-132	-146	-153	-155
Operating Cash Flow to CapEx	0.00%	-59,000.00%	-39,321.43%	-52,887.50%	-60,714.29%	-11,584.62%	0.00%	0.00%	-123.78%	-2,006.21%	-48,459.86%
Free Cash Flow to Firm to Interest Expense	-13.67	3.36	-61.63	0.00	-8,476.53	-856.93	-6.99	-19.74	-81.51	-53.92	-154.56
Operating Cash Flow to Interest Expense	-15.84	-2.80	-1,376.25	0.00	-354.17	-50.20	-0.40	-1.56	-0.23	-3.07	-71.24
Operating Cash Flow Less CapEx to Interest Expense	-15.84	-2.80	-1,379.75	0.00	-354.75	-50.63	-0.40	-1.56	-0.41	-3.22	-71.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.19	0.18	0.32	0.05	0.06	0.07	0.08	0.21	0.24	0.24
Accounts Receivable Turnover	7.35	7.24	16.41	7.19	8.32	10.69	9.43	8.78	2.37	2.61	3.22
Inventory Turnover	1.13	1.00	0.99	0.94	1.06	1.29	2.10	4.03	7.71	11.11	11.77
Fixed Asset Turnover	15.60	15.97	22.79	25.64	35.42	34.44	21.54	33.81	117.74	64.57	33.48
Accounts Payable Turnover	2.54	1.53	2.47	1.30	0.90	0.83	1.29	1.67	1.28	2.32	2.00
Days Sales Outstanding (DSO)	49.68	50.39	22.24	50.79	43.88	34.13	38.70	41.56	153.80	140.11	113.27
Days Inventory Outstanding (DIO)	323.06	365.61	368.64	386.93	345.86	283.96	173.53	90.60	47.34	32.86	31.02
Days Payable Outstanding (DPO)	143.69	238.71	147.74	280.60	404.95	439.16	283.89	218.37	285.88	157.35	182.31
Cash Conversion Cycle (CCC)	229.05	177.29	243.14	157.12	-15.20	-121.07	-71.67	-86.21	-84.74	15.63	-38.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-5.32	-5.43	0.32	0.37	92	91	112	122	243	223	248
Invested Capital Turnover	-0.43	-1.52	0.86	2.62	0.06	0.07	0.08	0.10	0.23	0.27	0.26
Increase / (Decrease) in Invested Capital	-0.89	-8.40	-3.54	-0.93	97	96	111	121	151	132	136
Enterprise Value (EV)	1.91	-2.39	5.88	6.03	22	64	82	129	191	382	301
Market Capitalization	2.07	0.37	12	9.95	16	55	44	106	186	380	299
Book Value per Share	($0.29)	($0.15)	$1.38	$0.76	$11.04	$10.52	$1.12	$1.02	$0.83	$0.36	$0.29
Tangible Book Value per Share	($0.29)	($0.15)	$1.38	$0.76	($0.88)	($1.12)	($0.63)	($0.18)	$0.43	$0.15	$0.14
Total Capital	-4.91	-2.67	6.43	4.30	95	91	112	128	249	227	251
Total Debt	0.00	0.00	0.00	0.00	9.57	9.28	38	28	11	6.54	5.22
Total Long-Term Debt	0.00	0.00	0.00	0.00	9.57	9.28	38	14	5.92	3.38	0.00
Net Debt	-0.41	-2.76	-6.11	-3.92	6.24	9.11	38	22	4.56	2.57	1.93
Capital Expenditures (CapEx)	0.00	0.01	0.01	0.01	0.01	0.05	0.00	0.00	0.33	0.44	0.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.04	-0.87	0.29	0.01	-1.00	-1.65	-4.46	4.47	119	84	112
Debt-free Net Working Capital (DFNWC)	0.45	1.89	6.40	3.93	2.33	-1.48	-3.80	6.15	121	86	113
Net Working Capital (NWC)	0.45	1.89	6.40	3.93	2.33	-1.48	-4.32	-7.64	116	83	108
Net Nonoperating Expense (NNE)	3.13	-6.87	39	1.42	1.93	2.96	28	23	3.51	31	70
Net Nonoperating Obligations (NNO)	-0.41	-2.76	-6.11	-3.92	6.24	9.11	38	22	4.56	2.57	1.93
Total Depreciation and Amortization (D&A)	0.09	1.28	0.03	0.01	0.01	2.44	2.82	3.53	3.28	4.06	3.69
Debt-free, Cash-free Net Working Capital to Revenue	1.68%	-46.55%	16.21%	0.59%	-37.55%	-54.10%	-100.54%	72.43%	304.27%	201.07%	237.99%
Debt-free Net Working Capital to Revenue	21.41%	101.28%	357.91%	179.47%	86.99%	-48.49%	-85.62%	99.71%	309.40%	206.33%	240.98%
Net Working Capital to Revenue	21.41%	101.28%	357.91%	179.47%	86.99%	-48.49%	-97.36%	-123.74%	296.74%	198.79%	229.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($36,243.00)	($5.35)	($11.89)	($1.39)	($3.47)	($0.18)	($0.54)	($0.33)	$0.00	($0.09)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	351.00	585.50K	3.59M	5.28M	4.20M	53.68M	68.17M	101.11M	152.58M	574.22M	727.62M
Adjusted Diluted Earnings per Share	($36,243.00)	($5.35)	($11.89)	($1.39)	($3.47)	($0.18)	($0.54)	($0.33)	$0.00	($0.09)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	351.00	585.50K	3.59M	5.28M	4.20M	53.68M	68.17M	101.11M	152.58M	574.22M	727.62M
Adjusted Basic & Diluted Earnings per Share	($36,243.00)	$0.00	$0.00	$0.00	($3.47)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.67M	4.67M	5.62M	7.77M	64.20M	66.02M	97.69M	285.22M	614.31M	855.56M	949.73M
Normalized Net Operating Profit after Tax (NOPAT)	-3.24	-2.91	-3.78	-3.67	-4.43	-6.60	-8.72	-10	2.92	-22	-19
Normalized NOPAT Margin	-770.50%	-1,141.41%	-1,096.67%	-313.15%	-491.40%	-1,049.55%	-502.67%	-355.69%	8.63%	-634.22%	-275.71%
Pre Tax Income Margin	-1,514.52%	1,061.57%	-12,366.67%	-434.47%	-704.99%	-1,520.35%	-2,138.96%	-1,135.54%	1.95%	-1,555.36%	-1,310.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-36.28	3.14	-10,665.25	0.00	-528.92	-78.69	-1.16	-3.95	1.37	-17.67	-30.65
NOPAT to Interest Expense	-18.81	-3.29	-945.88	0.00	-369.37	-55.01	-0.51	-1.55	2.32	-7.61	-18.52
EBIT Less CapEx to Interest Expense	-36.28	3.14	-10,668.75	0.00	-529.50	-79.13	-1.16	-3.95	1.19	-17.82	-30.80
NOPAT Less CapEx to Interest Expense	-18.81	-3.29	-949.38	0.00	-369.95	-55.45	-0.51	-1.55	2.14	-7.77	-18.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-12.41%	0.00%	0.00%	0.00%	0.00%	-0.98%	-1.07%	-0.72%	-0.79%	0.00%	-0.94%

Financials Breakdown Chart

Key Financial Trends

Datavault AI’s latest quarter showed strong sequential revenue growth but sharply worsening profitability and cash burn. Q2 2026 revenue rose to $6.7 million from $3.4 million in Q1 2026, while gross profit increased to $2.9 million from $111,000. However, the company remained deeply unprofitable, and much of its balance-sheet expansion has been funded through equity issuance and non-cash accounting adjustments.

Compared with earlier periods, Datavault’s revenue base is growing from a low level, but results remain highly volatile. Revenue increased from $345,000 in Q2 2024 to $1.7 million in Q2 2025 and $6.7 million in Q2 2026. The company also reported $33.8 million of revenue in Q4 2025, making the subsequent decline particularly notable and suggesting that quarterly revenue may not yet be consistent.

Revenue growth accelerated sequentially. Q2 2026 revenue of $6.7 million was approximately 97% higher than Q1 2026 and nearly four times Q2 2025 revenue.
Gross margin improved substantially from Q1. Gross profit rose to $2.9 million, representing a gross margin of approximately 43%, compared with roughly 3% in Q1 2026.
The balance sheet has expanded considerably. Total assets increased to $276.6 million in Q2 2026 from $120.7 million in Q2 2025, supported by higher receivables, prepaid expenses, other current assets and intangible assets.
Leverage has declined from prior periods. Datavault reported no long-term debt in Q2 2026, compared with $37.9 million in Q2 2025 and $14.3 million in Q3 2025. Total liabilities were $30.7 million, well below shareholders’ equity of $245.9 million.
Liquidity appears strong on a current-ratio basis, but cash is limited. Current assets were $135.0 million versus current liabilities of $27.3 million, yet cash and equivalents were only $1.4 million. Most current assets consisted of accounts receivable, prepaid expenses and other current assets rather than cash.
Asset growth is concentrated in less-liquid items. Intangible assets totaled $100.2 million and goodwill totaled $27.3 million in Q2 2026. These balances may support future growth, but they do not provide the same liquidity as cash and could require impairment charges if expected results are not achieved.
Operating losses remain severe. Q2 2026 operating expenses were $29.3 million against $6.7 million of revenue, producing an operating loss of $26.5 million. Selling, general and administrative expense was $14.9 million, while marketing and research and development costs were each more than $7 million.
Net losses widened sharply. Datavault reported an $88.0 million net loss in Q2 2026, compared with a $53.1 million loss in Q1 2026 and a $37.1 million loss in Q2 2025. Q2 results were also affected by a reported negative $56.4 million of interest and investment income and a $4.2 million net other expense.
Operating cash flow deteriorated significantly. Cash used in operating activities increased to $71.2 million in Q2 2026 from $8.7 million in Q1 2026 and $6.8 million in Q2 2025. The Q2 cash outflow included a $55.2 million use of cash from changes in operating assets and liabilities.
The company continues to rely heavily on financing. Q2 2026 financing activities generated $73.7 million, including $76.8 million from issuing common equity. This financing offset operating and investing cash outflows, but it raises dilution concerns. Weighted-average basic shares increased from 68.2 million in Q2 2025 to 727.6 million in Q2 2026, although the financial data includes restatements and share-count classifications that investors should review in the company’s filings.

Overall, Datavault AI is showing encouraging top-line and gross-margin improvement, but those gains have not yet translated into operating profitability or sustainable cash generation. The most important issues for investors are whether revenue can become more consistent, whether operating expenses can be brought closer to the company’s revenue scale, and how much additional equity financing may be required if the current cash burn persists.

11/13/26 04:55 PM ETAI Generated. May Contain Errors.

Datavault AI Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Datavault AI's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Datavault AI's net income appears to be on a downward trend, with a most recent value of -$78.99 million in 2025, falling from -$25.65 million in 2017. The previous period was -$51.41 million in 2024. See where experts think Datavault AI is headed by visiting Datavault AI's forecast page.

Datavault AI's total operating income in 2025 was -$32.48 million, based on the following breakdown:

Total Gross Profit: $30.40 million
Total Operating Expenses: $62.88 million

Over the last 8 years, Datavault AI's total revenue changed from $1.11 million in 2017 to $39.09 million in 2025, a change of 3,412.9%.

In the past 11 quarters, Datavault AI's cash and equivalents has ranged from $171 thousand in Q1 2025 to $6.11 million in Q2 2024, and is currently $1.40 million as of their latest financial filing in Q2 2026.

Datavault AI had total debt of $10.87 million at the end of 2025, a 13.6% increase from 2024, and a 107.3% increase since 2017.

Over the last 8 years, Datavault AI's book value per share changed from -279.56 in 2017 to 0.83 in 2025.

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Financial statements for NASDAQ:DVLT last updated on 8/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Datavault AI (DVLT) Financials

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