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AI Financial (AIFC) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 17, 2026 · AI Financial (AIFC) Q2 2026 earnings results →
Q2 2026 Revenue down 62% year over year to $2.4M · operating margin -29.3%
AI Financial made $2.4M in Q2 2026 (-62% Y/Y). Operating margin -29.3%, net loss $230M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 17, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.4M in Q2 2026, down 62% year over year and down 49% from the previous quarter.
Gross margin was 97.6%, up 54.0 points from Q2 2025. Operating costs exceeded revenue by $708K, an operating margin of -29.3%. Operating expenses fell 37% while revenue fell 62%. The quarter ended with a net loss of $229.6M, narrower than the previous quarter's $271.5M loss. Net interest and other expense of $286.0M was the main reason.
Operating cash flow was −$6.2M. Non-cash charges added back $885K of depreciation and amortization. Working capital and other items added $222.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 17, 2026 | $2.4M | -62% | -29.3% | −$230M | −$6.2M |
| Q1 2026 | 10-Q | May 18, 2026 | $4.7M | -3% | -58.2% | −$271M | −$12.3M |
| Q4 2025 | 10-K | Apr 13, 2026 | $5.4M | -0.9% | -48.1% | −$381M | $8.3M |
| Q3 2025 | 10-Q | Jan 12, 2026 | $7.6M | +53% | -218.3% | $49.0M | −$8.7M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $6.4M | +194% | -32.8% | −$9.4M | −$5.2M |
| Q1 2025 | 10-Q | May 13, 2025 | $5.5M | — | -39.4% | −$2.9M | −$1.5M |
| Q4 2024 | 10-K | Mar 28, 2025 | $5.4M | — | -29.9% | −$3.9M | −$2.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About AI Financial
ALT5 Sigma Corporation (formerly known as JanOne Inc.) and subsidiaries (collectively, “we,” “us,” the “Company,” or “ALT5”). Through our Fintech segment, the Company provides next-generation blockchain-powered technologies for digital asset trading, payments processing and related payment card services. On May 15, 2024, the Company acquired ALT5 Sigma, Inc., and on July 15, 2024, changed its corporate name from JanOne Inc. to ALT5 Sigma Corporation. ALT5 Sigma, Inc., is a financial services and Fintech holding company. ALT5 Sigma, Inc. was created by financial industry specialists to provide the digital asset economy with the best practices of the industry and state of the art over-the-counter trading.
In its own words, from its 10-K, filed Apr 13, 2026.
AI Financial against its Commodity Contracts Brokers & Dealers peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -62% against the peers' median +110%. Operating margin: -29.3% against the peers' median 70.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AIFC AI Financial | Q2 2026 | $2.4M | -62% | -29.3% |
| USO United States Oil Fund, LP | Q1 2026 | $986M | 23× | 99.7% |
| UGA United States Gasoline Fund, LP | Q1 2026 | $58.5M | 25× | 99.6% |
| UROY Uranium Royalty | Q1 FY27 | $51.0M | +110% | 32.2% |
| AGQ ProShares Trust II | Q3 2026 | $41.2M | +18% | n/m |
| USL United States 12 Month Oil Fund, LP | Q1 2026 | $17.0M | 37× | 99.4% |
| UNL United States 12 Month Natural Gas Fund, LP | Q1 2025 | $4.2M | — | 98.6% |
| AIB AIB Data Centers | Q2 2026 | $2.9M | -39% | -122.8% |
| FXE Invesco CurrencyShares Euro Trust | Q3 2026 | $1.2M | -20% | 70.4% |
Source: AI Financial 10-Q on SEC EDGAR · CIK 862861 · Commodity Contracts Brokers & Dealers
13F: who owns AIFC and who is buying
More on AIFC
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results