Quarterly ResultJun 26, 2026, 05:22 PM
VIDA Global Q1 Revenue Up 758% to $306K; Net Loss Widens to $1.11M
AI Summary
VIDA Global Inc. reported a significant increase in revenue for Q1 2026, reaching $306,032, up 758% year-over-year. However, the company's net loss widened to $1,112,244, and cash used in operating activities substantially increased to $777,818. The company also disclosed a material weakness in its internal control over financial reporting and noted significant customer concentration.
Key Highlights
- Q1 2026 revenue increased 758% to $306,032 from $35,663 in Q1 2025.
- Net loss widened to $1,112,244 in Q1 2026 from $522,033 in Q1 2025.
- Operating loss increased to $886,888 in Q1 2026 from $406,695 in Q1 2025.
- Cash used in operating activities rose to $777,818 in Q1 2026 from $194,035 in Q1 2025.
- Cash balance decreased to $1,358,556 as of March 31, 2026, from $2,317,761.
- Unrealized loss on Bitcoin increased to $225,356 in Q1 2026 from $115,338.
- The company identified a material weakness in its internal control over financial reporting.
- Two customers accounted for approximately 43% of revenue for the three months ended March 31, 2026.
Price Impact
More from VIDA