Quarterly ResultMay 14, 2026, 04:21 PM
Athena Bitcoin Global Q1 Revenue Down 48.8% to $37.18M; Reports Net Loss
AI Summary
Athena Bitcoin Global reported a significant decline in its first-quarter 2026 financial results, with revenues decreasing by 48.8% year-over-year to $37.18 million. The company swung to a net loss of $0.47 million, compared to a net income of $2.62 million in the prior-year quarter. Gross profit also saw a substantial drop of 73.2% to $2.18 million, reflecting challenging market conditions for crypto asset transaction platforms.
Key Highlights
- Q1 2026 revenue decreased 48.8% to $37,183 thousand from $72,629 thousand in Q1 2025.
- Net loss for Q1 2026 was $467 thousand, compared to net income of $2,624 thousand in Q1 2025.
- Basic loss per share was $0.00011 in Q1 2026, down from earnings of $0.00064 in Q1 2025.
- Gross profit fell 73.2% to $2,177 thousand in Q1 2026 from $8,131 thousand in Q1 2025.
- Net cash provided by operating activities decreased 67.6% to $1,360 thousand in Q1 2026.
- Total assets decreased to $58,112 thousand as of March 31, 2026, from $69,465 thousand at December 31, 2025.
- Cash and cash equivalents increased to $14,781 thousand as of March 31, 2026, from $11,379 thousand at December 31, 2025.