Onfolio Q2 FY26 net loss more than doubled to $4.6 million; revenue drops 52% to $1.5 million
Reuters2026/08/19 20:12Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Onfolio posted a GAAP net loss of USD 4.6 million in Q2 2026, widening from a GAAP net loss of USD 534,439.
- Revenue fell 52% to USD 1.5 million, on lower Eastern Standard sales, reduced Proofread Anywhere advertising spend, and 2026 divestitures.
- Operating loss widened to USD 965,508 from USD 506,523, while non-GAAP EBITDA As Defined slid to USD (776,255) from USD (150,950).
- Loss included USD 2.95 million from derivative-liability fair-value changes, USD 280,685 from digital-asset fair-value changes, and higher interest expense.
- Management said consolidated profitability likely requires acquisitions; it signed a USD 100 million equity purchase facility and later settled Senior Secured Convertible Notes in stock.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Onfolio Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-007754), on August 19, 2026, and is solely responsible for the information contained therein.
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