Datavault AI (DVLT) Stock: Q1 Revenue Jumps 443% But Misses Estimates

TLDR

• Datavault AI (DVLT) reported Q1 2026 revenue of $3.4M, up 443% year-over-year but missed estimates by $16.58M
• EPS came in at -$0.09, missing by $0.01
• Net loss widened to $53.1M from $9.6M in Q1 2025
• The company signed over $800M in tokenization contracts, with ~$100M in fees expected to be recognized in 2026
• DVLT reaffirmed its $200M full-year 2026 revenue target

Datavault AI (DVLT) posted Q1 2026 results Thursday, with revenue surging 443% year-over-year to $3.42 million. Despite the headline growth, the number came in $16.58 million short of analyst expectations.

Datavault AI Inc., DVLT

The stock was trading at $0.59 at the time of reporting, with a market cap of around $501 million. DVLT has fallen 68% over the past six months.

EPS came in at -$0.09 on a GAAP basis, missing estimates by a penny.

Revenue growth over the trailing twelve months hit 1,362%, driven largely by the acquisition of CompuSystems Inc.

The CompuSystems deal also dragged on margins. Gross profit for Q1 was $0.1 million, or just 3% of sales, down from 11% in Q1 2025. Over the last twelve months, gross margin stood at 78%, but the quarterly figure tells a different story.

Net loss widened sharply to $53.1 million, compared to $9.6 million in the same quarter last year.

Operating expenses rose to $31.1 million from $9.5 million a year ago. The increase was spread across all major cost lines.

R&D expenses climbed to $5.7 million from $2.4 million, driven by IBM watsonx.ai and SanQtum AI subscription licenses totaling $3.1 million.

Sales and marketing costs rose to $6.6 million from $1.5 million. General and administrative expenses jumped to $18.7 million from $5.6 million.

Tokenization Pipeline and Funding

The company said it signed more than $800 million in tokenization contracts. Around $100 million in fees from those contracts is expected to be recognized in 2026.

In May 2026, Datavault completed a $60 million registered direct offering. It also secured $120 million in non-dilutive funding through a binding term sheet with Scilex Holding Company.

The funding is earmarked for deploying its quantum-ready GPU edge network.

Outlook Reaffirmed

Despite the Q1 miss, Datavault reaffirmed its full-year 2026 revenue target of $200 million, in line with the consensus estimate.

Analysts do not expect the company to reach profitability this year, according to InvestingPro analysis. The platform also flags the stock as slightly overvalued relative to its Fair Value assessment.

DVLT ended Q1 with $3.42 million in revenue. To hit $200 million for the full year, the company would need a dramatic ramp in the remaining three quarters.

The company pointed to its tokenization contract pipeline and the CompuSystems acquisition as the primary drivers of future revenue recognition.

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