Datavault AI Inc.
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
Red because the company declared four sets of financial statements unreliable, the quarterly report says going-concern doubt has not been alleviated, cash stood at $1.4 million at June 30, 2026, the Nasdaq listing depends on a deadline in February 2027 and related parties supplied three quarters of 2025 revenue — the low stock price is a price question, and the decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Datavault AI has declared its financial statements since the third quarter of 2025 unreliable because Bitcoin from major shareholder Scilex does not count as its own asset and cannot be withdrawn. Cash is nearly gone, going concern is in doubt, revenue and assets depend on related parties, and the share count has grown almost 20-fold. Not investment advice.
Reliability of the numbers
Financial statements Q3 2025 through Q2 2026 unreliable per 8-K of 10/26/2026, no restatement date; auditor BPM resigned on 06/15/2026.
Liquidity
Cash $1.4M at 06/30/2026, $80.0M operating outflow in H1, going concern in doubt; $49.0M of Bitcoin at Biconomy not retrievable.
Related parties
77% of 2025 revenue from licenses to Vivasor and Scilex; Vivasor stake bought for $56.2M in stock and written down by $55.4M (Q2 2026).
Dilution
Share count from 52.0M (12/31/2024) to 1,029.5M (10/26/2026); convertible note with market-price conversion and a $0.0632 floor, approval to exceed the Nasdaq cap up for a vote on 12/16/2026.
Operating business
H1 2026 revenue $10.1M versus $2.4M, Q2 2026 gross margin 43%; subject to restatement, growth driven by acquisitions.
Worth Noting
Why we looked: our in-house Reddit hype scanner picked up the ticker in late October 2026, after the plunge from $0.133 (10/26/2026) to $0.067 (10/27/2026) following the non-reliance filing — not a metrics hit.
All figures from the third quarter of 2025 onward come from reports Datavault declared unreliable on 10/26/2026; per the company, the correction is preliminary, unaudited and may reveal additional errors.
Basis: 10-K 2024 (3/31/2025) and 2025 (3/18/2026), 10-Q Q1 and Q2 2026 (5/15 and 8/19/2026), 8-Ks through 10/26/2026, 424B5 (8/19/2026), Scilex SC 13D/A (8/24/2026), PRE 14A (10/30/2026); SEC filing list reviewed through 10/31/2026, no Form 15, no Form 25.
Calculated values are our rough math: market value from 1,029,489,970 shares (10/26/2026) times $0.0719 (10/30/2026); equity after correction = $245.9M minus $49.0M assuming unchanged liabilities; potential conversion shares = $25.03M divided by $0.0632, before make-whole interest.
Stock Watch
This analysis is as of October 31, 2026. Stock Watch will tell you what's changed at DVLT since then.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.0564 $ to 2.60 $ · Last price: 0.06 $ (As of: November 13, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 11/14/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Software - Infrastructure
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Datavault AI Inc. DVLT | 0.1 | – | -0.5 | 71.0 | -906.0 | 1,361.8 | -96.1 |
| Microsoft Corporation MSFT | 3,823.1 | 32.4 | 17.6 | 67.7 | 46.3 | 14.9 | 5.0 |
| Palantir Technologies Inc. PLTR | 412.4 | 181.2 | 112.1 | 84.7 | 46.2 | 56.2 | -2.4 |
| Oracle Corporation ORCL | 362.5 | 20.9 | 12.9 | 64.0 | 36.2 | 17.4 | -41.6 |
| Palo Alto Networks Inc PANW | 262.6 | 254.7 | 184.2 | 70.4 | -2.5 | 14.9 | 57.4 |
| Crowdstrike Holdings Inc CRWD | 228.9 | – | 514.6 | 75.2 | -2.2 | 21.7 | 71.1 |
| Cloudflare Inc NET | 105.4 | – | 3,416.2 | 71.9 | -9.7 | 29.9 | 43.2 |
| Fortinet Inc FTNT | 91.6 | 44.7 | 28.1 | 79.8 | 31.3 | 14.2 | 57.0 |
| Synopsys Inc SNPS | 87.2 | 91.2 | 25.9 | 82.9 | 10.4 | 15.1 | 15.6 |
| Median of companies shown | 228.9 | 68.0 | 28.1 | 71.9 | 10.4 | 17.4 | 15.6 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 1 | -9 | -10 | – | -6 | -73 | 1 |
| 2017 | 1 | -7 | -26 | – | -10 | -94 | 1 |
| 2018 | 1 | -12 | -67 | – | -10 | 4 | 5 |
| 2019 | 2 | -11 | -12 | – | -11 | 1 | 4 |
| 2020 | 2 | -11 | -13 | -485.37 | -10 | 8 | 11 |
| 2021 | 7 | -12 | -12 | -190.62 | -12 | 16 | 19 |
| 2022 | 3 | -18 | -16 | -7.29 | -18 | -2 | 11 |
| 2023 | 2 | -21 | -19 | -5.39 | -15 | -5 | 5 |
| 2024 | 3 | -21 | -51 | -12.25 | -18 | 86 | 101 |
| 2025 | 39 | -32 | -79 | -0.52 | -24 | 238 | 275 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | -1.51 | 99.20 | 0 | -18.80 | -12,366.70 | -6 | -6 |
| 2024: Q3 | -1.39 | 99.00 | 1 | 52.40 | -434.50 | -4 | -4 |
| 2024: Q4 | -2.00 | 96.50 | 1 | 114.80 | -705.00 | -4 | -4 |
| 2025: Q1 | -0.18 | 100.00 | 1 | 146.70 | -1,520.30 | -6 | -6 |
| 2025: Q2 | -0.65 | 57.00 | 2 | 402.90 | -2,139.30 | -7 | -7 |
| 2025: Q3 | -0.15 | 89.20 | 3 | 147.80 | -1,135.50 | -10 | -10 |
| 2025: Q4 | 0.53 | 126.50 | 34 | 3,649.60 | 2.00 | 0 | -1 |
| 2026: Q1 | -0.09 | 50.00 | 1 | 45.80 | -5,794.00 | -9 | -9 |
| 2026: Q2 | -0.12 | 81.50 | 7 | 294.10 | -1,313.40 | -71 | -72 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 6 of our scanner strategies — each hit links to the scanner.
Growth
Breakout & Setup
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.16 | -0.22 – -0.09 | 146 | – | 2 |
| 12/31/2027 | 0.14 | 0.14 – 0.14 | 282 | 750.0% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Datavault AI beschreibt sich als KI-Plattform und baut ihre Datenbörse auf IBMs watsonx.ai; die Berichte belegen KI aber nur als Entwicklungswerkzeug und Ankündigung. Der Umsatz stammte 2025 zu 77 Prozent aus Patentlizenzen an die nahestehenden Firmen Vivasor und Scilex, dazu aus Live-Events und Audio-Bausteinen — eine KI-Umsatzquelle ist in den Filings nicht belegt.
View the full file — quotes, sources, reviewed filings
„Part of the Datavault platform is an AI-driven inference layer that operates beneath the Company’s user-facing applications, exchanges and monetization technologies."
Teil der Datavault-Plattform ist eine KI-gestützte Inferenzschicht, die unterhalb der nutzerseitigen Anwendungen, Börsen und Monetarisierungstechnologien des Unternehmens arbeitet.
10-Q · 2026-08-19 · View SEC filing
„Our anticipated Information Data Exchange® (“IDE”), which is being built on IBM’s watsonx.ai™ platform, is expected to launch in 2026."
Unsere geplante Information Data Exchange® („IDE“), die auf der Plattform watsonx.ai™ von IBM entsteht, soll 2026 starten.
10-K · 2026-03-18 · View SEC filing
„The increase in research and development expenses is primarily driven by IBM Watsonx AI and SanQtum AI subscription licenses of $3.1 million and higher legal expenses of $0.2 million."
Der Anstieg der Forschungs- und Entwicklungskosten geht vor allem auf Abonnement-Lizenzen für IBM Watsonx AI und SanQtum AI in Höhe von 3,1 Millionen Dollar und auf um 0,2 Millionen Dollar höhere Rechtskosten zurück.
10-Q · 2026-08-19 · View SEC filing
„For the year ended December 31, 2025, Vivasor, Inc. (“Vivasor”) accounted for 51% and Scilex Holding Company (“Scilex”) 26% of our net revenue."
Im Geschäftsjahr bis 31. Dezember 2025 entfielen 51 Prozent unseres Nettoumsatzes auf Vivasor, Inc. („Vivasor“) und 26 Prozent auf Scilex Holding Company („Scilex“).
10-K · 2026-03-18 · View SEC filing
Filings Reviewed: 10-Q 2026-08-19 · 10-Q 2026-05-15 · 10-Q 2025-11-14 · 10-Q 2025-08-19 · 10-K 2026-03-18 · 10-K 2025-03-31
Rated on October 31, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 126.4%
- More than 10% revenue growth is expected for the coming year 73.3%
- Share count grows by less than 3% a year 309.7%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 1,300.4%
- Gross margin at 40% or higher and without meaningful erosion 40.2%
- Goodwill from acquisitions does not grow faster than revenue 7.0%
- Net debt below twice EBITDA failed
- Operating cash flow covers the profits of the last three years 93 m
- Return on capital at 15% or higher, or up versus two years ago -13.1%
- Insiders hold at least 10% or are net buyers 37.5%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
4/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 46.3%
- Exp. sales growth 3Y > 5% 168.6%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 168.6%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% -67.5%
- ROCE > 15% -13.1%
- Expected return > 10% 47.0%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Scilex Holding Co | 10% Owner | Other | 50,000,000 | 0.3151 | 15,755,000 |
| Aug 18, 2026 | Moyer Brett | Chief Financial Officer | Other | 26,024 | – | – |
The company
About the Company
Datavault AI Inc. ist ein Datenwissenschafts-Technologieunternehmen, das Datenmanagementplattformen mit hoher Rechenleistung in Nordamerika, im asiatisch-pazifischen Raum, in Europa und international besitzt und betreibt. Das Unternehmen konzentriert sich auf die Bereitstellung cybersicherer, datenschutzkonformer Technologien für Datenmanagement und -monetarisierung und bietet zudem KI-gesteuerte Agenten an, wie Data Vault, DataValue, DataScore und Data Vault Bank. Es bietet zudem drahtlose Audiostandards und Data-over-Sound-Technologien an und schafft damit Lösungen für Audioerlebnisse, sichere Datenübertragung, Beglaubigung und RWA-Tokenisierung sowie ADIO, eine Data-over-Sound-Plattform, und WiSA E, eine drahtlose Audiotechnologie. Das Unternehmen war früher unter dem Namen WiSA Technologies, Inc. bekannt und änderte im Februar 2025 seinen Namen in Datavault AI Inc. Datavault AI Inc. wurde 2010 gegründet und hat seinen Hauptsitz in Beaverton, Oregon.
- Employees
- 193
- Headquarters
- Beaverton, OR
- Address
- 15268 NW Greenbrier Parkway, 97006 Beaverton, United States
- Phone
- 408 627 4716
- Website
- datavaultsite.com
- IPO Date
- 07/27/2018
- ISIN
- US86633R6099
- Stock Split
- 1:150 on 04/15/2024
- Stock Split
- 1:100 on 01/27/2023
- Stock Split
- 1:20 on 04/09/2020
Management
| Name | Title | Birth Year |
|---|---|---|
| Brett A. Moyer | Chairman & CFO | 1958 |
| Stanley Mbugua CPA | Chief Accounting Officer & VP of Finance | 1971 |
| Jeff Jones | Chief Technology Officer | – |
| Edward Barger | Vice President of Investor Relations | – |
| Sonia Choi | Chief Marketing Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 11/13/2026 Datavault AI Inc. (DVLT): Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; Other Events; Financial Statements and Exhibits SEC ↗
- 11/07/2026 Datavault AI Inc. (DVLT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 11/05/2026 Datavault AI Inc. (DVLT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers SEC ↗
- 10/26/2026 Datavault AI Inc. (DVLT): Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review; Financial Statements and Exhibits SEC ↗
- 10/15/2026 Datavault AI Inc. (DVLT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 10/15/2026 Datavault AI Inc. (DVLT): Entry into a Material Definitive Agreement; Financial Statements and Exhibits SEC ↗
- 10/06/2026 Datavault AI Inc. (DVLT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/25/2026 Datavault AI Inc. (DVLT): Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing SEC ↗
Data as of: November 13, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.