AIxCrypto Holdings, Inc. Q1 FY2026 earnings call

This is AIX Crypto's first reporting period after completing its strategic transformation to a Web3 and AI infrastructure company, with 2026 core execution priorities unchanged: user growth and platform expansion, RWA tokenization, AI data asset infrastructure delivery, and digital asset treasury management. Key operational progress in Q1 2026 includes:

• EAI Data Collaboration with Faraday Future

  • Formal project kickoff completed in Q1, moving from strategic alignment to active execution
  • Core project team established, contract drafting initiated, and data rights, commercial boundaries and roadmap defined
  • The collaboration uses Faraday Future robotic operational data (a scarce input for physical/embodied AI foundation models) to build a dual-track platform: a B2B enterprise data platform for institutional buyers, and a B2C decentralized cross-sourced data platform for developers and contributors
  • Initiated development of a consumer-facing joint EAI on-chain agent product line, with specific details to be disclosed when finalized

• AgentEar AI Agent Arena Platform

  • Completed initial development of the platform's four core game modules, finalized a commercial model based on access passes, economic revenue shares, and arena fees
  • Reached internal review milestone in early May 2026, now preparing for a phased public launch

• RWA Equity Tokenization Initiative

  • Converted strategy into a defined execution plan, with the proof-of-concept asset being AIX Crypto's holding of Faraday Future Class A common stock held via a third-party structure
  • Completed required structural and regulatory review to align with the SEC's latest interpretations of digital securities rules
  • Evaluation of leading tokenization platform counterparties is ongoing, with partners to be disclosed after definitive agreements are signed
  • Long-term goal is to build a compliant on-chain infrastructure for tokenized equities that fits regulatory frameworks, with potential for non-US distribution and DeFi integration

• Strategic Investment

  • Prepaid $10 million for an expanded Faraday Future equity position in Q1 2026, with the transaction finalized in April 2026 that expanded the scope to include Faraday Future preferred equity and modified governance terms; total aggregate investment reached $12 million

• Financial Summary

  • Total operating expenses were $4.3 million in Q1 2026, up from $2.7 million in Q1 2025
  • General and administrative expenses rose to $3.5 million (from $2.5 million in Q1 2025), driven by incremental payroll, transition costs and new hire expenses, partially offset by a $1.3 million year-over-year decrease in investor relations expense
  • Net loss on digital assets was $1.9 million, from mark-to-market valuation changes on the company's C10 digital asset treasury portfolio; the portfolio had a $10.4 million cost basis and $6.2 million fair value at quarter-end
  • Operating cash burn was $4.5 million, and net cash decreased by $13.1 million for the quarter

AIX Crypto Holdings Inc. is a pre-revenue early-stage company in Q1 2026, so no product segments generated revenue during the period. All current business activity is focused on developing new product lines for future commercial launch, with no existing revenue-generating segments to report.

• Initial revenue is targeted to begin in Q3 2026, generated from platform fees and the first data buyer transactions on the data platform, supported by the foundational work completed in Q1 2026 • For the EAI data platform, the end of 2026 Q2 is targeted for the first end-to-end transaction test, first data delivery, proof-of-concept milestone, closed beta launch of the B2B platform, and completion of B2C platform product development. A sustained transaction cadence of one data buyer transaction per month is targeted for H2 2026 • AgentEar's first limited public launch is targeted in the near term, with expected revenue from genesis and recurring access pass sales, arena fees, and functional platform usage fees • RWA tokenization of the first Faraday Future equity instrument is targeted for launch in late 2026, subject to execution of definitive agreements, with distribution and exchange listing to follow after launch • Transformation-related operating expenses are expected to continue normalizing, with ongoing offsets from planned investments in payroll, software, and legal work • No digital asset price appreciation is incorporated into the company's operating model, and mark-to-market volatility will continue to impact quarterly results as long as the C10 treasury portfolio is held

• The company's recurring operating losses and accumulated deficit raise substantial doubt about its ability to continue as a going concern • The company's C10 digital asset treasury portfolio is exposed to ongoing mark-to-market volatility from digital asset price movements, which will continue to impact quarterly reported results for as long as the portfolio is held • All forward-looking statements about product launches, revenue timelines and regulatory compliance are inherently uncertain, and actual results may differ materially due to unforeseen risks and uncertainties • RWA tokenization launch is dependent on execution of definitive agreements with third-party counterparties, which is not guaranteed

No questions were asked or answered during this earnings call.