DNA X Inc (NASDAQ: SONM) is a cryptocurrency trading services company that operates an internet-based platform allowing individual traders to buy, sell, and exchange cryptocurrencies. Revenue is generated through commissions and fees on trades executed through the platform at www.dnax.us. The company acquired the DNA X platform on December 15, 2025 and as of the filing date of its 10-K (April 15, 2026) was operating on a limited basis to monitor the platform and address performance issues. A previously operated mobile phone and hotspot business was discontinued on January 23, 2026 when those assets were sold. General and administrative expenses for FY2025 were $5,406 thousand, interest expense was $1,485 thousand, and other income was $902 thousand. The company listed no continuing-operations revenue in the disclosed excerpts, reflecting its early-stage status. The platform is planned to expand with features such as automated trading strategy tools, staking, and crypto-asset lending throughout 2026.

Revenue model

Commissions and fees on cryptocurrency trades executed through the DNA X platform. No continuing-operations revenue was disclosed in the FY2025 10-K filing excerpts.

Products and services

Internet-based cryptocurrency trading platform (www.dnax.us) supporting buy/sell of cryptocurrencies for cash or cash equivalents and cryptocurrency-to-cryptocurrency exchanges. The platform includes automated pair-trading strategy tools that execute trades when cryptocurrency prices diverge or converge. Planned additions include staking (borrowing assets to generate fee income analogous to interest) and crypto-asset lending products.

Customers and end markets

Individual cryptocurrency traders worldwide. No customer concentration figures or customer count data were disclosed in the filing excerpts.

Value-chain role

Retail-facing cryptocurrency trading platform operator. Sits between individual traders and cryptocurrency markets, providing execution, strategy automation, and planned custody-adjacent services.

Geographic exposure

Services available over the internet globally. No specific geographic revenue breakdown was disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-04-15

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