Quarterly ResultMay 13, 2026, 05:17 PM
Twenty One Capital Q1 Net Loss $859.7M; EPS $(1.32)
AI Summary
Twenty One Capital, Inc. reported a net loss of $859.7 million for the three months ended March 31, 2026, with a basic and diluted net loss per share of $1.32. The company's total assets decreased to $3.07 billion from $3.93 billion at December 31, 2025, primarily due to an $847.8 million change in the fair value of digital assets. The accumulated deficit significantly increased to $1.12 billion, reflecting the substantial quarterly loss.
Key Highlights
- Net loss for the three months ended March 31, 2026, was $(859,691,958).
- Basic and diluted net loss per Class A Common Stock was $(1.32).
- Total assets decreased to $3,074,780,091 from $3,926,876,543 as of December 31, 2025.
- Non-current digital assets decreased to $2,951,638,847 from $3,799,457,809.
- Accumulated deficit increased to $(1,123,142,688) from $(263,450,730).
- Change in fair value of digital assets resulted in an $(847,818,963) expense.
- Net cash used in operating activities was $(3,645,506).
- Cash balance at March 31, 2026, was $114,057,427.