AVAX One Reports Preliminary Full Year 2025 Financial Results & Introduces 2026 Guidance
Rhea-AI Summary
AVAX One (Nasdaq: AVX) reported preliminary full-year 2025 results and released 2026 guidance. 2025 revenue was $2.3M with EBITDA $(7.3)M; about half of 2025 revenue occurred in Q4. For 2026 the company projects revenue of $11M–$44M across price scenarios and EBITDA of $2M–$25M.
The company cited ~three years of operating capital, a $40M share repurchase authorization and 2,423,383 shares repurchased through Feb 27, 2026, and expects staking and AVAX accumulation to drive 2026 growth.
Positive
- 2026 revenue guidance implies up to ~19x growth vs 2025
- 2026 EBITDA guided to a positive range ($2M–$25M)
- $40M board-authorized share repurchase program; 2,423,383 shares repurchased
Negative
- 2025 preliminary EBITDA was a $(7.3)M loss
- Nearly 50% of 2025 revenue concentrated in Q4, indicating revenue seasonality
- 2026 outlook is highly price-sensitive across AVAX price scenarios
News Market Reaction – AVX
On the day this news was published, AVX gained 0.13%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $89K to the company's valuation, bringing the market cap to $69M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peers with momentum or same-day headlines were flagged, indicating the setup was company-specific rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | Treasury & growth update | Positive | -1.9% | Outlined AVAX-centric treasury, staking rewards and growth initiatives with transparency focus. |
| Jan 27 | Investor presentation | Positive | -39.9% | Released institutional onchain finance strategy centered on AVAX accumulation and staking. |
| Jan 21 | Validator launch | Positive | -1.0% | Announced first public validator node on Avalanche to support consensus and fee revenue. |
| Jan 06 | Treasury dashboard | Positive | +0.7% | Launched Avalanche treasury dashboard for real-time AVAX, NAV and capital metrics. |
| Nov 24 | AVAX accumulation | Positive | +10.5% | Disclosed purchase of 9.38M AVAX and adoption of $40M share repurchase program. |
Recent AVAX- and strategy-related updates were generally positive in tone, yet price reactions skewed negative, with only two of five events showing positive next-day moves.
Over the past few months, AVAX One has consistently communicated its pivot toward an Avalanche-focused digital asset treasury and infrastructure model. Key updates included validator node launch on Jan 21, 2026, an institutional onchain finance presentation on Jan 27, 2026, and a detailed AVAX treasury and growth update on Jan 28, 2026. A notable earlier milestone on Nov 24, 2025 highlighted the accumulation of over 13.8 million AVAX. Today’s preliminary 2025 results and 2026 guidance build directly on that treasury-led operating model and capital allocation strategy.
Market Pulse Summary
This announcement details preliminary 2025 results, including $2.3M in revenue and $(7.3)M EBITDA, alongside 2026 guidance targeting $11M–$12M in revenue and positive EBITDA. It reinforces the Avalanche-centric treasury strategy, highlighting AVAX accumulation, staking, and mining income, plus an authorized $40M share repurchase with over 2.4M shares already bought. Investors may monitor delivery against this guidance, capital deployment between AVAX and buybacks, and how fundamentals evolve from the current $0.749 share price base.
Key Terms
ebitda financial
staking technical
mining technical
AI-generated analysis. Not financial advice.
WEST PALM BEACH, FL, March 02, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (Nasdaq: AVX) (“AVAX One” or the "Company"), today reported its preliminary financial results for the full year ended December 31, 2025, and introduced financial guidance for fiscal year 2026.
Preliminary Full Year 2025 Financial Highlights ($ in Millions USD, unaudited)
| 9-Months Ended Sep’25 | 3-Months Ended Dec’251 | 12-Months Ended Dec’25 | |
| Revenue | |||
| EBITDA2 | |||
Full Year 2026 Guidance ($ in Millions USD)
| Current Spot Price3 | 2025 Avg. Price4 | 2025 High Price5 | |
| Revenue | |||
| Change vs. prior year period | ~5x | ~10x | ~19x |
| EBITDA2 | |||
The Company also preliminarily reports the following strong fundamentals:
- Approximately three years of operating capital on hand
- Institutional stability through corporate governance framework and strong Board and management teams
- Ability to generate sufficient cash to run operations without selling DAT assets due to income from its staking and mining operations
- Intrinsic shareholder value in assets at almost two times current stock price
“We are entering 2026 with a fundamentally transformed operating model following the launch of our Avalanche digital asset treasury strategy in November 2025,” said Jolie Kahn, Chief Executive Officer of AVAX One. “While last year’s financial results reflect a transition period, nearly half of our revenue was generated in the fourth quarter following the implementation of our DAT strategy, demonstrating the early impact of this pivot. As we move into 2026, we expect the full-year benefit of AVAX accumulation and staking to meaningfully scale our revenue profile and drive positive EBITDA under current market conditions. Our guidance framework reflects disciplined capital deployment and a structure designed to generate operating leverage across a range of digital asset price scenarios.
“Capital allocation remains central to our value creation framework. In November, our Board authorized a
About AVAX One Technology Ltd.
AVAX One Technology Ltd. (NASDAQ: AVX) is the first publicly traded Avalanche Treasury company, building the premier institutional gateway to the onchain financial economy powered by the Avalanche blockchain network. Through AVAX accumulation, onchain yield, and strategic acquisitions, the Company aims to compound long-term value for its shareholders while supporting the growth of the Avalanche ecosystem. Led by a team of veterans from institutional finance and public company backgrounds and advised by leaders from across the digital asset industry, AVAX One is being built to be a scalable, regulated gateway for public market investors to participate in the growth of the onchain economy. For more information, visit www.avax-one.com
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements relating to the anticipated benefits and timing of the completion of the proposed offering and related transactions, the intended use of proceeds from the PIPE offering, expectations regarding future capital raising activity, the assets to be held by the Company, expectations regarding adoption of the Avalanche network, the expected future market, price and liquidity of the digital assets the Company acquires, the macro and political conditions surrounding digital assets, the Company's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other entities in similar business strategies, technological and market trends, future financial condition and performance, the expected financial impacts of the proposed transactions described herein, and the timing of the closing of the PIPE offering. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the transactions and the proposed AVAX strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of AVAX and other cryptocurrencies; the risk that the price of the Company's securities may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company's filings with the SEC. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The statements made in this press release are not intended to be projections of the Company's future results nor an offer of a future securities transaction by the Company. Any offering in the future will be made through compliance with all applicable regulations and the filing of appropriate documents with the SEC, as required under those regulations.
Reconciliation of GAAP and Non-GAAP Information
($ in Millions, unaudited)
| Preliminary 2025 Financial Highlights | ||||||||||||
| ($ in millions) | 9-Months Ended Sep’25 | 3-Months Ended Dec’25 | 12-Months Ended Dec’25 | |||||||||
| Revenue | $ | 1.3 | $ | 1.1 | $ | 2.3 | ||||||
| Total operating expenses | 7.2 | 8.8 | 16.0 | |||||||||
| Operating loss | (6.0 | ) | (7.7 | ) | (13.7 | ) | ||||||
| Other expenses | 9.4 | 6.7 | 16.1 | |||||||||
| Net loss from continuing operations | (15.4 | ) | (14.4 | ) | (29.8 | ) | ||||||
| EBITDA Adjustments: | ||||||||||||
| Depreciation and amortization | 0.9 | 0.3 | 1.2 | |||||||||
| Intangible asset impairment | - | 5.1 | 5.1 | |||||||||
| Bitcoin unrealized gain on market valuation | (0.1 | ) | 0.3 | 0.2 | ||||||||
| Foreign exchange loss | 0.1 | (0.2 | ) | (0.1 | ) | |||||||
| Unrealized loss on market valuation - AVAX tokens | - | 5.8 | 5.8 | |||||||||
| Accretion of interest on debentures | 2.3 | 0.8 | 3.1 | |||||||||
| Change in fair value of derivative liabilities | (3.0 | ) | - | (3.0 | ) | |||||||
| Loss (gain) on conversion of convertible debt | (0.1 | ) | - | (0.1 | ) | |||||||
| Loss (gain) on extinguishment of warrant liability | 10.1 | 0.0 | 10.1 | |||||||||
| Other income | (0.1 | ) | 0.1 | 0.0 | ||||||||
| EBITDA | (5.2 | ) | (2.1 | ) | (7.3 | ) | ||||||
| Full Year 2026 Guidance Scenarios | ||||||||||||
| ($ in millions) | Current Spot Price | 2025 Avg. Price | 2025 High Price | |||||||||
| Revenue | $ | 11.4 | $ | 24.2 | $ | 43.3 | ||||||
| Total operating expenses | 10.6 | 14.9 | 20.3 | |||||||||
| Operating income | 0.9 | 9.4 | 23.0 | |||||||||
| Other expenses | 0.8 | 0.8 | 0.8 | |||||||||
| Net income from continuing operations | 0.1 | 8.6 | 22.3 | |||||||||
| EBITDA Adjustments: | ||||||||||||
| Depreciation and amortization | 1.3 | 1.3 | 1.3 | |||||||||
| Accretion of interest on debentures | 0.8 | 0.8 | 0.8 | |||||||||
| EBITDA | 2.2 | 10.7 | 24.3 | |||||||||
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
AVX@elevate-ir.com
1 Reflects launch Digital Asset Treasury strategy in November 2025
2 The tables at the end of this press release provide a reconciliation of non-GAAP financial measures to the Company’s expected results in accordance with GAAP. (See “Reconciliation of GAAP and non-GAAP Information” below).
3 Assumes Bitcoin price of (
4 Assumes Bitcoin price of (
5 Assumes Bitcoin price of (
FAQ
What were AVAX One's preliminary full-year 2025 revenue and EBITDA (AVX)?
What is AVAX One's full-year 2026 revenue guidance (AVX) and how does it vary?
Does AVAX One expect positive EBITDA in 2026 (AVX)?
What share repurchase action has AVAX One (AVX) taken in 2025–2026?
How much operating capital does AVAX One say it has on hand (AVX)?
