PHILADELPHIA, PA — Datavault AI Inc. (NASDAQ: DVLT) maintained its target for at least $200 million of 2026 revenue after generating $6.7 million in the second quarter, putting pressure on the artificial-intelligence platform company to convert acquisitions, infrastructure projects and contracted opportunities into sharply higher sales in the second half.
Revenue for the three months ended June 30 rose 287% from $1.7 million a year earlier, the company reported. Gross profit increased to $2.9 million from $35,000.
Datavault is projecting approximately 400% year-over-year revenue growth for the full year. The company did not provide revised guidance beyond reiterating the $200 million minimum revenue target.
Expenses also climbed as Datavault continued building its technology and commercial infrastructure. Research and development expense increased to $7.2 million from $4.2 million, while sales and marketing expense rose to $7.2 million from $1.7 million.
General and administrative expense reached $14.9 million, up from $6.5 million in the year-earlier quarter.
Chief Executive Officer Nathaniel Bradley framed the second half of 2026 as an execution period in which the company will need to move from infrastructure development to commercial activity.
“With the core platform buildout well underway, our focus for the second half of 2026 shifts to execution: launching our exchanges, scaling SanQtum and converting our contracted opportunities into commercial activity and recognized revenue,” Bradley said.
Datavault completed its acquisition of NYIAX during the period, adding what the company describes as its fifth owned exchange and programmatic, blockchain-based advertising-contract infrastructure for its Information Data Exchange platform.
The company also entered a definitive agreement to acquire CyberCatch Holdings Inc., a transaction intended to add AI-based cyber-risk mitigation and quantum-resistant security to Datavault’s SanQtum edge-computing platform.
Datavault is separately working with Fiserv to integrate its data-monetization and tokenization technology with the financial technology company’s payments infrastructure. Its broader technology stack also incorporates IBM watsonx for AI and infrastructure supplied by Available Infrastructure.
The company continued expanding SanQtum, a distributed computing network combining GPU processing, edge AI, zero-trust networking and quantum-resistant security. Initial deployments are operating in New York and Philadelphia as part of a planned nationwide expansion.
That strategy also includes Project Qestrel, an Available Infrastructure initiative for a proposed network of 1,000 edge data centers across 100 U.S. cities and more than 30 states.
Datavault disclosed July 17 that it plans to tokenize access and usage rights to Project Qestrel’s computing capacity through $QEST utility tokens using its Information Data Exchange platform.
The company also expanded tokenization and licensing initiatives during the quarter, including an agreement with Perpetuals.com intended to provide international secondary-market access for tokenized real-world assets and work with Patriot Strategic Metals.
Its sports and entertainment licensing efforts include relationships involving Tyson Fury, Roberto Clemente, Darryl Strawberry and Dwight “Doc” Gooden.
Bradley said Datavault is attempting to combine its exchange, identity, payments, AI, computing and cybersecurity capabilities into a single commercial platform rather than operate them as separate businesses.
“With the NYIAX acquisition completed and the acquisition of CyberCatch under definitive agreement, the continued buildout of SanQtum and several other commercial programs underway, we believe the foundation of our platform is taking shape,” Bradley said.
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