Latest revenue
$707.0K
as of 2026-03-31
Latest net income
$1.7M
as of 2026-03-31
Net margin
240.0%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $5.0M
- Enterprise value
- $5.0M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $5.50
- 52-wk low
- $0.58
- Beta
- —
- Shares out
- 3.5M
5-year trend
What this company does
Item 1. Business Overview We are a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence (“AI”) models. Our principal asset is TAO, Bittensor’s native cryptocurrency, which we accumulate and stake on the Bittensor network to generate yield in the form of additional TAO tokens. Our goal is to provide public-market investors with economic exposure to the Bittensor ecosystem. During the year ended December 31, 2025, we deployed approximately $8.7 million to acquire approximately 24,128 TAO tokens through purchases executed via BitGo Trust Company, Inc. (“BitGo”) and the Kraken exchange…
AI summary unavailable — showing raw filing excerpt
Generated from TWAV's filing dated 2026-03-20
Key risks
Item 1A. Risk Factors Our business faces numerous risks, including those set forth below and those described elsewhere in this Report or in our other filings with the SEC. The risks described below are not the only risks that we face, nor are they necessarily listed in order of significance. Other risks and uncertainties may also affect our business. Any of these risks may have a material adverse effect on our business, financial condition, results of operations, and cash flow. When making an investment decision with respect to our common stock, you should also refer to the other information contained or incorporated by reference in this Report, including our Consolidated Financial…
AI summary unavailable — showing raw filing excerpt
Generated from TWAV's filing dated 2026-03-20
Profitability
Gross margin
41.6%
198.9%Operating margin
-121.5%
31.2%Net margin
-260.8%
53.4%Return on equity
-90.4%
10.5%Return on assets
-77.3%
0.9%Leverage
Debt / equity
0.17×
46.9%Long-term debt / equity
0.00×
Debt / assets
14.4%
40.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $707.0K | +13.7% | $1.7M | +352.5% | 240.0% |
Q4 2025 2025-12-31 | $622.0K | +10.5% | $-2.8M | -215.4% | -448.2% |
Q3 2025 2025-09-30 | $601.0K | +4.0% | $-2.3M | -120.2% | -381.0% |
Q2 2025 2025-06-30 | $592.0K | -3.1% | $-605.0K | +38.5% | -102.2% |
Q1 2025 2025-03-31 | $622.0K | -0.6% | $-672.0K | +40.8% | -108.0% |
Q4 2024 2024-12-31 | $563.0K | — | $-884.0K | — | -157.0% |
Q3 2024 2024-09-30 | $578.0K | -33.7% | $-1.0M | -16.2% | -179.9% |
Q2 2024 2024-06-30 | $611.0K | -36.1% | $-983.0K | +6.3% | -160.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Computer Programming, Data Processing, Etc. · SIC 7370
Your notes
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Insider activity
Insider buying
$114.4K
Insider selling
$0
Net activity
+$114.4K
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TWAV
Institutional value
$46.3K
Total shares held
29.3K
Distinct holders
7
-10 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD FIDUCIARY TRUST CO | 18.5K | $29.2K | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 10.8K | $17.1K | — | New |
| 3 | UBS Group AG | 7 | $11 | -8.8K (-99.9%) | Trimmed |
| 4 | WELLS FARGO & COMPANY/MN | 1 | $2 | +0 (+0.0%) | No change |
| 5 | Napier Financial, LLC | 1 | $2 | — | New |
| 6 | Stone House Investment Management, LLC | 1 | $2 | +0 (+0.0%) | No change |
| 7 | Farther Finance Advisors, LLC | 1 | $2 | -3 (-75.0%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once TWAV's latest filing finishes processing.