PHILADELPHIA, PA — Datavault AI (Nasdaq: DVLT) signed more than $800 million in tokenization-related contracts and secured $180 million in new capital commitments as the company accelerates efforts to build AI infrastructure and digital asset platforms tied to real-world assets.
The company reiterated its 2026 revenue target of at least $200 million despite reporting first-quarter revenue of $3.4 million, underscoring its reliance on future contract execution, infrastructure deployment, and anticipated regulatory changes tied to digital asset markets.
Datavault AI expects approximately $100 million in fees from signed tokenization agreements to be recognized during 2026. The company also pointed to proposed federal digital asset legislation, including the CLARITY Act, as a potential catalyst for the planned second-half relaunch of IDE, SiX, NYIAX, and IEE exchanges.
First-quarter revenue rose 443% from a year earlier, driven primarily by the acquisition of CompuSystems Inc. Revenue increased from $0.6 million in the first quarter of 2025 to $3.4 million in the latest quarter.
Operating expenses expanded sharply as the company increased investment in AI infrastructure, acquisitions, legal expenses, and commercialization efforts.
Research and development expenses climbed to $5.7 million from $2.4 million a year earlier, largely tied to IBM watsonx.ai and SanQtum AI subscription licensing costs. Sales and marketing expenses increased to $6.6 million from $1.5 million, while general and administrative costs rose to $18.7 million from $5.6 million.
Datavault AI strengthened its balance sheet through a $60 million registered direct stock offering and separately secured a proposed $120 million non-dilutive funding agreement with Scilex Holding Company to expand its SanQtum AI infrastructure network.
The company’s distributed GPU edge network, launched initially in New York and Philadelphia through a partnership with Available Infrastructure, is expected to expand to more than 100 U.S. cities by the end of 2026 and support approximately 48,000 GPUs.
Datavault AI also disclosed several transactions aimed at expanding its presence in tokenized asset infrastructure and cybersecurity.
In April, the company entered an agreement involving a Datavault AI equity investment in King Mining Capital, the purchase of 20,000 ounces of physical gold bullion, and the launch of a tokenization initiative tied to gold assets valued at more than $150 million.
Separately, the company signed a binding letter of intent in May to acquire CyberCatch Holdings in an all-stock transaction intended to integrate cyber risk mitigation and quantum-resistant security capabilities into its infrastructure platform.
Despite the revenue growth, profitability metrics weakened as operating costs accelerated. Gross margin fell to 3% from 11% a year earlier, which the company attributed to lower-margin revenue associated with the CSI acquisition.
Datavault AI continues to pursue expansion in AI infrastructure, tokenized real-world asset markets, and enterprise cybersecurity while positioning itself for anticipated growth in regulated digital asset trading and monetization platforms.
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