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TaoWeave (TWAV) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 7, 2026 · TaoWeave (TWAV) Q2 2026 earnings results →

Q2 2026 Revenue down 12% year over year to $522K · 630¢ of every $1 of revenue lost · operating margin -161.1%

TaoWeave made $522K in Q2 2026 (-12% Y/Y). Operating margin -161.1%, net loss $3.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 7, 2026.

Revenue$522K
Year over year-12%
Operating margin-161.1%
Net earnings−$3.3M
Operating cash flow−$539K

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 $522K in Q2 2026, down 12% year over year and down 26% from the previous quarter.

Gross margin was 52.5%, up 14.0 points from Q2 2025. Operating costs exceeded revenue by $841K, an operating margin of -161.1%. Operating expenses grew 22% against a revenue fall of 12%. The quarter ended with a net loss of $3.3M, after a profit of $1.7M the previous quarter. Net interest and other expense of $2.4M was the main reason.

Operating cash flow was −$539K. Non-cash charges added back $82K of share-based compensation. Working capital and other items added $2.7M.

Quarterly history

TaoWeave revenue by quarterTaoWeave revenue by quarter$563KQ4 2024$622KQ1 2025$592KQ2 2025$601KQ3 2025$622KQ4 2025$707KQ1 2026$522KQ2 2026
TaoWeave net earnings by quarterTaoWeave net earnings by quarter−$884KQ4 2024−$672KQ1 2025−$605KQ2 2025−$2.3MQ3 2025−$2.8MQ4 2025$1.7MQ1 2026−$3.3MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 7, 2026$522K-12%-161.1%−$3.3M−$539K
Q1 202610-QMay 15, 2026$707K+14%-79.1%$1.7M−$650K
Q4 202510-KMar 20, 2026$622K+10%-126.2%−$2.8M−$744K
Q3 202510-QNov 13, 2025$601K+4%-133.4%−$2.3M−$1.6M
Q2 202510-QAug 14, 2025$592K-3%-115.4%−$605K−$37K
Q1 202510-QMay 13, 2025$622K-0.6%-111.1%−$672K−$680K
Q4 202410-KMar 18, 2025$563K-40%-164.8%−$884K−$885K

Charts

TaoWeave: revenue growth, year over year and quarter over quarterTaoWeave: revenue growth, year over year and quarter over quarterY/YQ/Q-40%Q4 2024-1%+10%Q1 2025-3%-5%Q2 2025+4%+2%Q3 2025+10%+3%Q4 2025+14%+14%Q1 2026-12%-26%Q2 2026
Latest (Q2 2026): Y/Y -12%, Q/Q -26%.
TaoWeave: where the cash came from (+) and went (−), TTM to Q2 2026TaoWeave: where the cash came from (+) and went (−), TTM to Q2 2026Cash drawn (+) / kept (−)$10.1MOther investing−$7.4MOperating cash flow−$3.5MOther financing$846K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
TaoWeave: profit against cash, quarter by quarterTaoWeave: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.0M−$911KQ3 2024−$884K−$885KQ4 2024−$672K−$680KQ1 2025−$605K−$37KQ2 2025−$2.3M−$1.6MQ3 2025−$2.8M−$744KQ4 2025$1.7M−$650KQ1 2026−$3.3M−$539KQ2 2026
Latest (Q2 2026): Net income −$3.3M, Operating cash flow −$539K.
TaoWeave: diluted shares by fiscal year (split-adjusted)TaoWeave: diluted shares by fiscal year (split-adjusted)17MFY20205MFY20216MFY20226MFY2023
-66.4% since FY2020: buybacks shrank the count; earlier years scaled for the 3-for-1 split before FY2023.
TaoWeave in its industry: growth against margin (51 companies, SIC 7370)TaoWeave in its industry: growth against margin (51 companies, SIC 7370)revenue growth, year over year →↑ operating marginmedian +9%median -1%GOOGLMETASPCXFLUTAPPSNAPZMPINSNIQMTCHSABRTTDRXTFDSTBLATRIPPPLITEMDOCNCSQRTEADEVERBMBLDVMGNIGRNDZIPDSPHSTMNXDRPUBMHCATRUMBLNDCDLXSSTCEVAYYAIPODCIPMGOAIDJTCSAIIPDNCNETTRSOMITIRMXIGITSBBLRTWAV (-12%, -100%)
Services-Computer Programming, Data Processing, Etc.; dot size is quarterly revenue; dashed lines are the industry's medians.

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 TaoWeave

We are a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence (“AI”) models. Our principal asset is TAO, Bittensor’s native cryptocurrency, which we accumulate and stake on the Bittensor network to generate yield in the form of additional TAO tokens. Our goal is to provide public-market investors with economic exposure to the Bittensor ecosystem. During the year ended December 31, 2025, we deployed approximately $8.7 million to acquire approximately 24,128 TAO tokens through purchases executed via BitGo Trust Company, Inc. (“BitGo”) and the Kraken exchange (“Kraken”, and together with BitGo, the “TAO Custodians”). As of December 31, 2025, we held approximately 24,665 TAO tokens, inclusive of approximately 544 TAO earned through staking rewards during the period.

In its own words, from its 10-K, filed Mar 20, 2026.

TaoWeave against its Services-Computer Programming, Data Processing, Etc. peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median +14%. Operating margin: -161.1% against the peers' median 19.1%.

CompanyQuarterRevenueY/YOp. margin
TWAV TaoWeaveQ2 2026$522K-12%-161.1%
GOOGL AlphabetQ3 2026$127.6B+25%31.8%
META Meta PlatformsQ3 2026$64.6B+26%20.1%
SPCX Space Exploration TechnologiesQ3 2026$14.6B+161%19.1%
FLUT Flutter EntertainmentQ3 2026$3.9B+2%-30.7%
APP AppLovinQ3 2026$2.2B+56%78.2%
SNAP SnapQ3 2026$1.7B+14%4.5%
ZM Zoom CommunicationsQ2 FY27$1.3B+5%24.6%
PINS PinterestQ3 2026$1.2B+12%2.6%

Source: TaoWeave 10-Q on SEC EDGAR · CIK 746210 · Services-Computer Programming, Data Processing, Etc.

13F: who owns TWAV and who is buying

Largest holders of TWAV (13F)Largest holders of TWAV (13F)Jane Street Group, LLC$58KVanguard Group$53KCitadel Advisors LLC$51KGeode Capital Management, LLC$42KRenaissance Technologies LLC$30KVanguard Fiduciary Trust$25KVirtu Financial LLC$22KNorthern Trust$17KVanguard Capital Management LLC$15KUBS Group AG$6K
Funds' net buying of TWAV by quarter (13F)Funds' net buying of TWAV by quarter (13F)$42024-09$43K2024-12$45K2025-03$10K2025-06$718K2025-09−$299K2025-12−$191K2026-03−$76K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TWAV

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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中文版:TaoWeave(TWAV)财报

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