November 13, 20262 min read0 views

AVAX One Posts $49.89 Million Third-Quarter 2026 Profit

AVAX One Technology Ltd. posted $49.89 million in net income for the third quarter of 2026, reversing a year-earlier loss as unrealized digital-asset gains drove its return to profit.

The $55.13 million in unrealized, noncash gains on digital assets was the main contributor. Net income compared with a loss of $8.4 million in the third quarter of 2025.

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AVAX One Technology Ltd. posted $49.89 million in net income for the third quarter of 2026, reversing a year-earlier loss as unrealized digital-asset gains drove its return to profit.

The $55.13 million in unrealized, noncash gains on digital assets was the main contributor. Net income compared with a loss of $8.4 million in the third quarter of 2025.

Revenue totaled $2.4 million, up from about $526,000 a year earlier. Staking rewards were about $1.8 million and Bitcoin (BTC) mining income about $700,000; both figures are approximate. Cash and cash equivalents totaled $8.5 million at quarter-end.

At Sept. 30, 2026, AVAX One held 14,170,184 Avalanche (AVAX) and equivalent assets. About 850,000 AVAX were deployed in Treehouse. About 99.7% of its holdings were staked, with an annualized yield of about 5.85% on staked assets.

The company repaid more than $14.9 million in convertible debt during the quarter, and its convertible-debt balance had fallen to zero by Nov. 3, 2026. AVAX One repurchased about 384,000 shares during the quarter and 710,000 shares in October 2026 at an average price of $5.46.

AVAX One will continue its AVAX treasury strategy and stop pursuing its previously announced modular data center plan.