Datavault AI Inc

dvlt.ai

What Do They Do?

Licenses patented data-management and monetization technologies to businesses, and supplies wireless audio and data-over-sound technology to electronics manufacturers and sports venues.

How Do They Make Money?

Customers pay on billing schedules set in their contracts, and the company can receive payment before completing contracted work, including Live Events.

FY2025 revenue by product or service revenue

Segment	Share	Revenue
Patent license	77%
Live Events	15%
Consumer audio products, components, and other	8.1%

Who Are Their Customers?

Its business customers include organizations using data tools, electronics manufacturers integrating its audio technologies, and sports venues and enterprise clients using media and audience services. Datavault describes direct sales efforts to businesses.

Customers above 10% of revenue, FY2025

of revenue from two customers (51%, 26%)

FY2024: 76% from four customers

Do Revenues Turn Into Profits?

No. It lost $79M in FY2025.

Operating income, FY2025

−83% of revenue

▲ +54% (Loss) vs FY2024 (−$21.1M, −791%)

Net income, FY2025

−202% of revenue

▲ +54% (Loss) vs FY2024 (−$51.4M, −1923%)

Free cash flow, FY2025

−61% of revenue

▲ +37% (Loss) vs FY2024 (−$17.6M, −657%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +287%; vs $1.7M in Q2 FY2025
Net income: ▲ +137% (Loss); vs −$37.1M in Q2 FY2025

Aug 25, 2026 Nasdaq granted more time to meet its minimum bid-price rule The shares remain listed during the extension, which runs through February 22, 2027.
Aug 19, 2026 Reiterated 2026 revenue target of at least $200 million
Aug 19, 2026 Agreed to acquire BankWyse, subject to regulatory approval The agreement calls for $35.0 million of funding to support BankWyse.
Aug 19, 2026 Completed acquisition of NYIAX NYIAX became a wholly owned subsidiary, bringing exchange infrastructure and blockchain settlement capabilities.

Growing. Revenue grew 6.0x in 4 years, from $6.5M in FY2021 to $39.1M in FY2025, about 56% a year.

From audio modules to a wider platform The older report centers on selling wireless audio modules to consumer-electronics companies and developing software for other brands to embed. The latest report describes data-valuation and monetization platforms, tokenization marketplaces, and acoustic technologies.

Event services added The latest report includes event registration, lead retrieval, audience data, and media services through CSI and API Media, alongside the older report's focus on wireless audio modules and planned embedded software.

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