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TaoWeave (TWAV) 10-Q Filings

TWAV NASDAQ

Ticker history: OBLG became TWAV (TaoWeave, Inc.) on . Earlier news and filings retain their original names and dates. View OBLG history.

Here are the 10-Q quarterly reports from TaoWeave, Inc. (TWAV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow TWAV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TWAV filings page.

Rhea-AI Summary

TaoWeave, Inc., which provides exposure to the Bittensor ecosystem alongside legacy managed-services and collaboration products, reported Q2 2026 revenue of $522,000, a 12% decline from Q2 2025. Segment revenue was $105,000 from digital-asset staking, $415,000 from Managed Services, and $2,000 from Collaboration Products.

Gross profit rose to $274,000, but net loss widened to $3,290,000, mainly due to an unrealized loss of $2,295,000 and realized losses of $166,000 on TAO digital assets. As of June 30, 2026, TaoWeave held cash of $735,000 and TAO tokens valued at $4,709,000, representing about 69% of total assets of $6,776,000. Management expects this liquidity, including potential TAO conversion, to fund operations for at least twelve months, though results remain highly sensitive to TAO price movements. A new $1,000,000 SAFE investment and commercialization agreement with Manako Labs adds AI-computer-vision exposure, while Customer A accounted for 77% of Q2 revenue, underscoring customer concentration risk.

Rhea-AI Summary

TaoWeave, Inc. reports a sharp turnaround in the quarter ended March 31, 2026 as it leans into a digital-asset treasury model built around Bittensor’s TAO token. Revenue rose to $707,000 from $622,000, driven by $86,000 of new staking revenue and stronger collaboration product sales, partly offset by lower managed services revenue.

The company posted net income of $1.7 million versus a prior-year loss of $672,000, almost entirely due to $2.2 million of unrealized gains and $52,000 of realized gains on TAO holdings. At quarter end, TaoWeave held about 23,557 TAO tokens valued at $7.2 million, representing roughly 72% of total assets, alongside $2.1 million in cash and working capital of $8.7 million.

All TAO is staked via custodians BitGo and Kraken, producing high-margin staking rewards (93% gross margin in the Digital Assets segment). Management plans to continue allocating substantial excess cash into TAO without a formal cap and may periodically sell tokens to fund operations, acknowledging significant volatility and concentration risk in a single unhedged digital asset and indicating that additional capital will likely be needed over the longer term.