TAO Synergies FY26 Q2 net loss narrows 46.9% to $9.3 million; revenue rises to $88,626
Reuters2026/08/13 20:43- TAO Synergies posted a net loss of USD 9.3 million for the quarter ended June 30, 2026, narrowing 46.9% year over year.
- Revenue climbed to USD 88,626, more than doubled from the prior-year quarter on higher TAO staking activity.
- Operating expenses fell 45.5% to USD 1.66 million, reflecting lower research and development and reduced general and administrative costs.
- Other expense narrowed 46.6% to USD 7.73 million, driven by lower warrant and derivative liability fair-value changes.
- Treasury remained concentrated in TAO, with 87.7% of holdings invested in the token as of June 30, 2026.
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