DVLTHIGH SIGNALRISK10-K

DVLT underwent a massive share dilution (from 64M to 614M shares outstanding) while experiencing substantially deteriorating operating losses and declining cash position.

The nearly 10x increase in share count represents extreme dilution that significantly reduces existing shareholder value per share. Combined with meaningfully higher operating losses and declining cash reserves, this suggests the company may be struggling to fund operations and had to issue substantial equity at potentially unfavorable terms.

Comparing 2026-03-18 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

The company's financial position deteriorated notably across key metrics, with operating losses expanding substantially while cash declined from $3.3M to $2.0M. Operating cash flow worsened by 35% to -$23.6M, and inventory levels dropped 61% to $636K. The overall picture signals a company burning through cash at an accelerating rate while simultaneously diluting shareholders through massive equity issuance.

FINANCIAL STATEMENT CHANGES
Inventory
Balance Sheet
-60.7%
$1.6M→$636K

Inventory drawn down 60.7% — strong sell-through or deliberate destocking; watch for supply constraints.

Net Income
P&L
-53.7%
-$51.4M→-$79.0M

Net income declined 53.7% — review whether driven by operations, interest costs, or non-recurring items.

Operating Income
P&L
-53.6%
-$21.1M→-$32.5M

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Cash & Equivalents
Balance Sheet
-39.8%
$3.3M→$2.0M

Cash declined 39.8% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Operating Cash Flow
Cash Flow
-34.7%
-$17.5M→-$23.6M

Operating cash flow fell 34.7% — earnings quality concerns; investigate working capital changes and non-cash items.

LANGUAGE CHANGES
NEW — 2026-03-18
PRIOR — 2025-03-31
ADDED
The registrant had 614,308,267 shares of its common stock outstanding as of March 17, 2026.
These forward-looking statements are found at various places throughout this Report and include information concerning possible or assumed future results of Datavault AI Inc.
s ( Datavault , the Company , our , us or we ) operations; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future operations, future cash needs, business plans and future financial results, and any other statements that are not historical facts.
( Datavault, the Company, us, our, or we ) is a pioneering technology licensing company that owns a portfolio of patented, secure platforms designed to redefine how data is managed, valued, and monetized in the modern era.
Leveraging our proprietary high-performance computing ( HPC ) capabilities and advanced software, our technology offerings are designed to ensure data ownership immutability, experiential data observability, precise data asset valuation, and secure monetization which we believe will unlock significant opportunities for businesses in an increasingly data-driven world.
+7 more — sign up free →
REMOVED
The registrant had 64,202,635 shares of its common stock outstanding as of March 27, 2025.
These forward-looking statements are found at various places throughout this Report and include information concerning possible or assumed future results of Datavault AI Inc s ( Datavault , the Company , our , us or we ) operations; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future operations, future cash needs, business plans and future financial results, and any other statements that are not historical facts.
Business Overview We were formed as a Delaware limited liability company on July 23, 2010 and converted into a Delaware corporation, effective December 31, 2017.
On December 31, 2024, we purchased certain intellectual property assets from EOS Technology Holdings Inc., followed by changing our name to Datavault AI Inc.
As we expand the business in the future with the assets from this acquisition, we plan to focus on cyber secure privacy protected data management and monetization and acoustic science innovations, as well as continuing to use wireless audio to transmit data and audio for consumer use and will solidify our position as an innovative leader in next-generation data technology.
+7 more — sign up free →
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →