Quarterly ResultMay 13, 2026, 05:07 PM
TAO Synergies Q1 Net Income $4.25M; EPS $0.45
AI Summary
TAO Synergies reported a net income of $4.25 million for Q1 2026, a significant increase from $0.39 million in Q1 2025, with basic EPS rising to $0.45 from $0.12. This growth was primarily driven by $388,774 in TAO staking revenue and a $6.84 million unrealized gain on digital assets, reflecting the company's shift to a cryptocurrency treasury strategy focused on the TAO coin. The company's digital asset holdings increased to $25.16 million as of March 31, 2026.
Key Highlights
- Net income for Q1 2026 was $4.25 million, up from $0.39 million in Q1 2025.
- Basic EPS for Q1 2026 was $0.45, compared to $0.12 in Q1 2025.
- Revenues from TAO staking were $388,774 in Q1 2026, up from $0 in Q1 2025.
- Unrealized gain on digital assets was $6.84 million in Q1 2026.
- Digital assets increased to $25.16 million as of March 31, 2026, from $17.93 million at Dec 31, 2025.
- Total assets grew to $31.05 million as of March 31, 2026, from $25.84 million at Dec 31, 2025.
- Net cash used in operating activities improved to $(1.68) million from $(2.00) million YoY.