Network-1 Reports Third Quarter 2026 Results
Nine-month operating expenses rose to $4,036,000 from $2,315,000, while revenue fell to zero.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Network-1 Technologies (NTIP) reported a third-quarter 2026 net loss of $2,333,000, widening from the comparable period a year earlier. Basic and diluted loss per share increased to $0.10 from $0.02. Revenue remained zero, while operating expenses rose to $1,608,000 from $800,000. Net realized and unrealized securities losses were $1,060,000, versus gains of $44,000.
For the nine months ended September 30, 2026, revenue fell to zero from $150,000, and net loss widened to $3,499,000 from $1,386,000. A $1,052,000 accounting gain on the ILiAD investment partially offset expenses and securities losses. At September 30, cash, cash equivalents and marketable securities totaled $31,102,000, with working capital of $29,868,000. The company paid its unchanged $0.05-per-share semiannual dividends in March and September.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointILiAD investment remeasurement generated a $1,052,000 accounting gain in the first nine months of 2026.
- Moderate pointEquity-method investment losses were zero in 2026, versus $354,000 quarterly and $1,095,000 nine-month losses in 2025.
- Minor pointGeneral and administrative expenses fell to $518,000 quarterly and $1,602,000 year-to-date, from $537,000 and $1,658,000, respectively.
- Minor pointNine-month costs of revenue fell to zero from $42,000 in 2025.
- Minor pointNine-month repurchases totaled 95,976 shares, costing $133,014 excluding commissions.
Negative
- Moderate pointThird-quarter net loss widened to $2,333,000 from $560,000; basic and diluted loss per share increased to $0.10 from $0.02.
- Minor pointNine-month net loss widened to $3,499,000 from $1,386,000; basic and diluted loss per share increased to $0.15 from $0.06.
- Minor pointRevenue remained zero quarterly; nine-month revenue fell to zero from $150,000 in 2025.
- Minor pointProfessional fees and related costs rose to $1,047,000 quarterly and $2,303,000 year-to-date, from $226,000 and $511,000, respectively.
- Minor pointPatent amortization rose to $43,000 quarterly and $131,000 year-to-date, from $37,000 and $104,000, respectively.
9 minor points
- Minor pointThird-quarter operating loss widened to $1,608,000 from $800,000 in 2025.
- Minor pointNine-month operating loss widened to $4,036,000 from $2,165,000 in 2025.
- Minor pointQuarterly securities results swung to a $1,060,000 loss from a $44,000 gain in 2025.
- Minor pointNine-month securities results swung to a $1,339,000 loss from a $215,000 gain in 2025.
- Minor pointNet interest and dividend income fell to $421,000 quarterly and $1,155,000 year-to-date, from $467,000 and $1,396,000, respectively.
- Minor pointQuarterly income taxes shifted to $86,000 expense from an $83,000 benefit in 2025.
- Minor pointNine-month income taxes shifted to $331,000 expense from a $263,000 benefit in 2025.
- Minor pointStockholders' equity declined to $34,058,000 at September 30, 2026, from $39,562,000 at December 31, 2025.
- Minor pointTotal liabilities increased to $1,733,000 at September 30, 2026, from $770,000 at December 31, 2025.
News Explained
The reported share count is higher despite completed repurchases; four patent cases remain pending, with trial dates specified.
The company reports that it repurchased 95,976 shares for
It continues four pending patent litigations; the Jump Trading case was dismissed without prejudice on
Key Figures
- Quarterly revenue
- $0 in 2026 and $0 in 2025
- Three months ended September 30
- Nine-month revenue
- $0 in 2026 vs. $150,000 in 2025
- Nine months ended September 30
- Quarterly operating expenses
- $1,608,000 vs. $800,000
- Three months ended September 30, 2026 vs. 2025
- Nine-month operating expenses
- $4,036,000 vs. $2,315,000
- Nine months ended September 30, 2026 vs. 2025
- Quarterly net loss
- $2,333,000 ($0.10 per share) vs. $560,000 ($0.02 per share)
- Three months ended September 30, 2026 vs. 2025; basic and diluted
- Nine-month net loss
- $3,499,000 ($0.15 per share) vs. $1,386,000 ($0.06 per share)
- Nine months ended September 30, 2026 vs. 2025; basic and diluted
- Cash, cash equivalents and marketable securities
- $31,102,000
- As of September 30, 2026
- Cash dividends
- $0.05 per share in March 2026 and $0.05 per share in September 2026
- Declared and paid during the first nine months of 2026
Previous Earnings Reports
-
Reported no quarterly revenue and a net loss, directly comparable to current third-quarter results.
-
Reported no revenue year to date and a net loss amid higher expenses.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
equity method financial
cost method financial
inter partes review regulatory
esim technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW CANAAN, CT / ACCESS Newswire / November 5, 2026 / Network-1 Technologies, Inc. (NYSE American:NTIP) ("Network-1"), a company specializing in the acquisition, development, licensing and monetization of its intellectual property assets, today announced financial results for the third quarter ended September 30, 2026.
For the three month periods ended September 30, 2026 and 2025, Network-1 reported no revenue. For the nine month period ended September 30, 2026, Network-1 reported no revenue, compared to
Operating expenses for the three month period ended September 30, 2026 were
During the first nine months of 2026, Network-1 recorded a gain of
Network-1 recorded net realized and unrealized losses on marketable securities of
Network-1 reported a net loss of
Network-1 continues to pursue four pending patent litigations involving its M2M/IoT, HFT and Cox patent portfolios. On June 27, 2025, Network-1 commenced patent litigation against Samsung Electronics Co., LTD and Samsung Electronics America, Inc. (collectively, "Samsung") in the United States District Court for the Eastern District of Texas, Marshall Division, for infringement of six patents within Network-1's M2M/IoT Patent Portfolio. The lawsuit alleges that Samsung infringes the asserted patents by supporting certain eSIM (embedded Subscriber Identification Module) and certain 5G technologies in its mobile devices, including its Galaxy smartphones, watches and tablets. A trial date has been scheduled for June 7, 2027.
On July 1, 2026, Network-1 dismissed without prejudice its patent infringement case against Jump Trading, LLC, while continuing to pursue its litigations against Citadel Securities, LLC and Optiver US, LLC and Optiver Trading US, LLC (collectively, "Optiver") for infringement of certain patents within Network-1's HFT Patent Portfolio. On October 5, 2026, the U.S. Patent Trial and Appeal Board denied institution, on the merits, of five Inter Partes Review proceedings requested by Optiver relating to five patents within Network-1's HFT Patent Portfolio that are not currently being asserted by Network-1 in the litigation.
In connection with Network-1's litigation against Google and YouTube involving the Cox Patent Portfolio, in April 2026 the U.S. Court of Appeals for the Federal Circuit issued an opinion overturning the judgment of non‑infringement entered by the U.S. District Court for the Southern District of New York relating to Network-1's Patent No. 8,205,237 for certain implementations of Google's Content ID system and remanded the matter to the District Court for further proceedings. A trial date has been scheduled for December 8, 2026.
As of September 30, 2026, Network-1's principal sources of liquidity consisted of cash and cash equivalents and marketable securities of
Network-1's dividend policy consists of semiannual cash dividends of
During the three month period ended September 30, 2026, Network-1 did not repurchase any shares of its common stock. During the nine month period ended September 30, 2026, Network-1 repurchased 95,976 shares of its common stock at an aggregate cost of
About Network-1 Technologies, Inc.
Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing and protection of intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of patented technologies. As of September 30, 2026, Network-1 owns 122 U.S. patents (54 expired) and 15 international patents covering various technologies, including enabling technology for authenticating and using eSIM technology in Internet of Things Machine‑to‑Machine and other mobile devices, certain advanced technologies related to high frequency trading, technologies relating to document stream operating systems and the identification of media content and enabling technology to support, among other things, the interoperability of smart home IoT devices. Network-1's current strategy includes efforts to monetize its M2M/IoT, HFT, Cox and Smart Home patent portfolios. Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 achieved in the past with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent generated licensing revenue in excess of
This release contains forward‑looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1's business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in Network-1's Annual Report on Form 10‑K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 13, 2026, including, but not limited to, Network-1's uncertain revenue from licensing its intellectual property, uncertainty as to the outcome of pending litigation involving Network-1's HFT Patent Portfolio, its M2M/IoT Patent Portfolio and its Cox Patent Portfolio, the ability of Network-1 to successfully execute its strategy to acquire or make investments in high quality patents with significant licensing opportunities, Network-1's ability to achieve revenue and profits from its M2M/IoT Patent Portfolio, HFT Patent Portfolio, Smart Home Portfolio and Cox Patent Portfolio, as well as a successful outcome on its investment in ILiAD Biotechnologies, Inc. or other intellectual property it may acquire or finance in the future, the ability of Network-1 to enter into additional license agreements, uncertainty as to whether cash dividends will continue to be paid, Network-1's ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, the risk in the future of Network-1 being classified as a Personal Holding Company which may result in Network-1 issuing a special cash dividend to its stockholders, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.
Network-1's Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Operations as of and for the three month and nine month periods ended September 30, 2026 are attached.
NETWORK-1 TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
September 30, 2026 | December 31, 2025 | |||||||
ASSETS | (Unaudited) | |||||||
CURRENT ASSETS: Cash and cash equivalents | $ | 5,806,000 | $ | 13,402,000 | ||||
Marketable securities, at fair value | 25,296,000 | 23,467,000 | ||||||
Other current assets | 168,000 | 237,000 | ||||||
TOTAL CURRENT ASSETS | 31,270,000 | 37,106,000 | ||||||
OTHER ASSETS: | ||||||||
Patents, net of accumulated amortization | 1,722,000 | 1,479,000 | ||||||
Equity investments | 2,786,000 | 1,734,000 | ||||||
Security deposit | 13,000 | 13,000 | ||||||
Total Other Assets | 4,521,000 | 3,226,000 | ||||||
TOTAL ASSETS | $ | 35,791,000 | $ | 40,332,000 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY: CURRENT LIABILITIES: | ||||||||
Accounts payable | 1,366,000 | $ | 253,000 | |||||
Accrued payroll | - | 289,000 | ||||||
Other accrued expenses | 36,000 | 228,000 | ||||||
Total Current Liabilities | 1,402,000 | 770,000 | ||||||
LONG TERM LIABILITIES: | ||||||||
Deferred tax liability | 331,000 | - | ||||||
TOTAL LIABILITIES | 1,733,000 | 770,000 | ||||||
COMMITMENTS AND CONTINGENCIES (Note H) | ||||||||
STOCKHOLDERS' EQUITY | ||||||||
Preferred stock, none issued and outstanding at September 30, 2026 and December 31, 2025 | - | - | ||||||
Common stock, | 229,000 | 228,000 | ||||||
Additional paid-in capital | 61,564,000 | 63,426,000 | ||||||
Accumulated deficit | (27,735,000 | ) | (24,092,000 | ) | ||||
TOTAL STOCKHOLDERS' EQUITY | 34,058,000 | 39,562,000 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 35,791,000 | $ | 40,332,000 | ||||
NETWORK-1 TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
REVENUE | $ | - | $ | - | $ | - | $ | 150,000 | ||||||||
OPERATING EXPENSES: | ||||||||||||||||
Costs of revenue | - | - | - | 42,000 | ||||||||||||
Professional fees and related costs | 1,047,000 | 226,000 | 2,303,000 | 511,000 | ||||||||||||
General and administrative | 518,000 | 537,000 | 1,602,000 | 1,658,000 | ||||||||||||
Amortization of patents | 43,000 | 37,000 | 131,000 | 104,000 | ||||||||||||
TOTAL OPERATING EXPENSES | 1,608,000 | 800,000 | 4,036,000 | 2,315,000 | ||||||||||||
OPERATING LOSS | (1,608,000 | ) | (800,000 | ) | (4,036,000 | ) | (2,165,000 | ) | ||||||||
OTHER (LOSS) INCOME : | ||||||||||||||||
Interest and dividend income, net | 421,000 | 467,000 | 1,155,000 | 1,396,000 | ||||||||||||
Gain on equity investment | - | - | 1,052,000 | - | ||||||||||||
Net realized and unrealized gain (loss) on marketable securities | (1,060,000 | ) | 44,000 | (1,339,000 | ) | 215,000 | ||||||||||
Total other (loss) income, net | (639,000 | ) | 511,000 | 868,000 | 1,611,000 | |||||||||||
LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | (2,247,000 | ) | (289,000 | ) | (3,168,000 | ) | (554,000 | ) | ||||||||
INCOME TAX PROVISION: | ||||||||||||||||
Current | - | - | - | (31,000 | ) | |||||||||||
Deferred tax (benefit) expense, net | 86,000 | (83,000 | ) | 331,000 | (232,000 | ) | ||||||||||
Total income tax (benefit) expense | 86,000 | (83,000 | ) | 331,000 | (263,000 | ) | ||||||||||
LOSS BEFORE SHARE OF NET LOSS OF EQUITY METHOD INVESTEE: | (2,333,000 | ) | (206,000 | ) | (3,499,000 | ) | (291,000 | ) | ||||||||
SHARE OF NET LOSS OF EQUITY METHOD INVESTEE | - | (354,000 | ) | - | (1,095,000 | ) | ||||||||||
NET LOSS | $ | (2,333,000 | ) | $ | (560,000 | ) | $ | (3,499,000 | ) | $ | (1,386,000 | ) | ||||
Net loss per share | ||||||||||||||||
Basic | $ | (0.10 | ) | $ | (0.02 | ) | $ | (0.15 | ) | $ | (0.06 | ) | ||||
Diluted | $ | (0.10 | ) | $ | (0.02 | ) | $ | (0.15 | ) | $ | (0.06 | ) | ||||
Weighted average common shares outstanding: | ||||||||||||||||
Basic | 22,867,447 | 22,807,916 | 22,839,263 | 22,858,180 | ||||||||||||
Diluted | 22,867,447 | 22,807,916 | 22,839,263 | 22,858,180 | ||||||||||||
Cash dividends declared per share | $ | 0.05 | $ | 0.05 | $ | 0.10 | $ | 0.10 | ||||||||
Contact Information:
Corey M. Horowitz, Chairman and CEO
Network-1 Technologies, Inc.
(917) 692-0000
SOURCE: Network-1 Technologies, Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Network-1's third-quarter 2026 earnings results?
Network-1 reported a $2,333,000 net loss, or $0.10 per basic and diluted share, for the three months ended September 30, 2026. The comparable 2025 loss was $560,000, or $0.02 per share. Revenue was zero in both quarters.
Why did Network-1 recognize a gain on its ILiAD investment in 2026?
The $1,052,000 gain resulted from remeasuring Network-1's ILiAD investment after ILiAD closed its $115,000,000 financing in February 2026. Network-1 transitioned from the equity method to the cost method of accounting, recognizing the gain in the first quarter.
Does Network-1 expect its liquidity to cover operations?
Management believes Network-1 has sufficient liquidity to fund operations for the foreseeable future, based on its current cash position. At September 30, 2026, cash, cash equivalents and marketable securities totaled $31,102,000, and working capital was $29,868,000.
Why did Network-1 record securities losses in 2026?
The securities losses were primarily attributable to unrealized losses from higher short-term Treasury yields, which reduced the market prices of Network-1's fixed-income securities. Net realized and unrealized losses totaled $1,060,000 for the third quarter and $1,339,000 for the first nine months of 2026.