Quarterly ResultMay 15, 2026, 04:34 PM
Onfolio Holdings Q1 Net Loss Widens to $2.57M; Revenue Down 33.6%
AI Summary
Onfolio Holdings reported a significant widening of its net loss to $2.57 million for the first quarter of 2026, compared to a net loss of $0.81 million in the prior year. Total revenue decreased by 33.6% to $1.87 million, driven by declines in both service and product sales. The company also experienced a substantial decline in total assets and stockholders' equity, alongside increased cash usage from operations and financing activities, and significant negative impacts from digital asset fair value changes and investment impairments.
Key Highlights
- Net loss widened to $2.57 million in Q1 2026, up 217.4% from $0.81 million in Q1 2025.
- Total revenue decreased by 33.6% to $1.87 million in Q1 2026 from $2.81 million in Q1 2025.
- Gross profit fell by 46.2% to $0.92 million in Q1 2026 from $1.71 million in Q1 2025.
- Total assets decreased by 20.9% to $8.99 million as of March 31, 2026, from $11.36 million at year-end 2025.
- Total stockholders' equity declined by 68.8% to $1.22 million as of March 31, 2026, from $3.91 million at year-end 2025.
- Net loss per common shareholder was $(0.45) in Q1 2026, compared to $(0.18) in Q1 2025.
- Net cash used in operating activities increased to $(0.84) million in Q1 2026 from $(0.15) million in Q1 2025.
- Company recognized a $0.67 million change in fair value of digital assets and $0.13 million impairment of investments.
Price Impact
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