Datavault AI Inc. (NASDAQ: DVLT) reported first-quarter 2026 revenue of $3.4 million, representing a 443% increase compared to $0.6 million in the same period last year, according to the company's quarterly business update.

The Philadelphia-based data monetization and tokenization technology provider signed more than $800 million in tokenization contracts during the quarter, which the company expects to generate nearly $100 million in fees to be recognized in 2026. The revenue increase was primarily attributed to the acquisition of CompuSystems Inc.

Datavault AI strengthened its financial position through a $60 million registered offering of common stock in May 2026, bringing working capital to approximately $140 million. The company also secured an additional $120 million in non-dilutive funding from Scilex Holding Company to accelerate deployment of its SanQtum AI infrastructure platform.

The company maintained its full-year 2026 revenue target of at least $200 million, representing projected growth of approximately 400% year over year. Chief Executive Officer Nathaniel Bradley said the tokenization contract signings validate growing institutional demand for the company's AI-enabled real-world asset monetization platform.

Gross profit for the quarter was $0.1 million, representing 3% of sales compared to 11% in the prior year period. The decrease was due to lower-margin revenue from the CompuSystems acquisition. Operating expenses totaled $31.1 million, up from $9.5 million in the prior year, driven by increased research and development costs of $5.7 million and sales and marketing expenses of $6.6 million.

The company reported a net loss of $53.1 million, or $0.09 per share, compared to a net loss of $9.6 million, or $0.18 per share, in the prior year quarter.

Datavault AI announced several strategic developments, including a binding letter of intent to acquire CyberCatch Holdings in May 2026 and the launch of quantum-ready distributed GPU edge network sites in New York and Philadelphia. The company expects to scale this network to more than 100 U.S. cities by the end of 2026.