DVLTHIGH SIGNALFINANCIAL10-K

Datavault AI underwent massive financial expansion with revenue jumping 1,362% to $39.1M while shares outstanding increased nearly 10-fold from 64M to 614M shares.

The dramatic increase in share count from 64M to 614M shares represents massive dilution that will significantly impact existing shareholders' ownership percentage. While the company achieved substantial revenue and asset growth, the nearly 10x increase in shares outstanding suggests either a major equity financing, acquisition, or conversion of debt/warrants that substantially diluted the equity base.

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

The company experienced explosive growth across all financial metrics, with revenue surging 1,362% to $39.1M, gross profit increasing 7,985% to $30.4M, and total assets growing 173% to $274.7M. However, this growth came with significant costs as interest expense spiked 1,471% to $20.0M and current liabilities increased 554% to $26.9M. The overall picture suggests either a transformative acquisition or major business pivot that dramatically scaled operations, but investors must weigh this growth against the massive share dilution and substantially higher debt burden.

FINANCIAL STATEMENT CHANGES
Gross Profit
P&L
+7985.1%
$376K$30.4M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Current Assets
Balance Sheet
+2118.9%
$6.4M$142.9M

Current assets grew 2118.9% — improving short-term liquidity or inventory/receivables build.

Interest Expense
P&L
+1470.9%
$1.3M$20.0M

Interest expense surged 1470.9% — significant debt increase or rising rates materially impacting earnings.

Revenue
P&L
+1361.8%
$2.7M$39.1M

Strong top-line growth of 1361.8% — accelerating demand or successful expansion into new markets.

Capital Expenditure
Cash Flow
+985.7%
$35K$380K

Capital expenditure jumped 985.7% — major investment cycle underway; assess returns on deployment.

Current Liabilities
Balance Sheet
+553.6%
$4.1M$26.9M

Current liabilities surged 553.6% — significant near-term obligations; verify ability to meet short-term debt.

Stockholders Equity
Balance Sheet
+177.6%
$85.7M$238.0M

Equity base grew 177.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Assets
Balance Sheet
+173%
$100.6M$274.7M

Asset base grew 173% — expansion through organic growth, acquisitions, or capital deployment.

Accounts Receivable
Balance Sheet
+154.4%
$349K$888K

Receivables surged 154.4% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Total Liabilities
Balance Sheet
+146.5%
$14.9M$36.7M

Liabilities grew 146.5% — significant increase in debt or obligations, assess impact on financial flexibility.

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.
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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.
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