Avalanche Treasury Company, the Avalanche-focused digital asset treasury firm trading on Nasdaq under the ticker AVAT, reported its financial results for the second quarter of 2026 and disclosed a $44.7 million net loss, or $1.54 per share. The company said its board has approved a $10 million Class A common stock repurchase program, framing the move as a response to what it sees as an undervaluation of the company and as a way to improve shareholder returns. According to the results, roughly $35.7 million of the quarterly loss was tied to changes in the market value of its AVAX holdings, including fair value adjustments, realized losses, and impairment charges. Another roughly $15.2 million came from one-time transaction costs linked to the completion of its business combination, while core management expenses were about $3.5 million. CEO Bart Smith said the company completed its business combination in the second quarter and began trading on Nasdaq on June 11. As of June 30, 2026, AVAT held about 15.3 million AVAX worth around $100 million at quarter-end prices, and reported $1.5 million in net staking income for the quarter and $3.6 million for the first half of 2026.
Avalanche Treasury Company, the Avalanche ecosystem digital asset treasury firm listed on Nasdaq under the ticker AVAT, reported its financial results for the second quarter of 2026. Its board has approved a $10 million Class A common stock repurchase program, which the company said is intended to address what it views as market undervaluation and improve shareholder returns.
Q2 loss reached $44.7 million
AVAT reported a net loss of $44.7 million for the second quarter, equal to a loss of $1.54 per share.
About $35.7 million of that loss came from swings in the market value of its AVAX holdings, including fair value changes, realized losses, and impairment charges. Another roughly $15.2 million was tied to one-time transaction costs related to the completion of the business combination. Core management expenses were about $3.5 million.
Nasdaq trading began on June 11
Chief executive officer Bart Smith said the company completed its business combination during the second quarter and began trading on Nasdaq on June 11.
Smith said that while digital asset markets remained under pressure, the Avalanche ecosystem continued to show growth, with institutions moving from exploration toward deployment in stablecoins, tokenized assets, payments, and real-world assets, or RWA.
Held about 15.3 million AVAX at quarter end
As of June 30, 2026, AVAT held about 15.3 million AVAX. Based on quarter-end prices, those holdings were worth about $100 million.
The company also reported $1.5 million in net staking income from AVAX during the second quarter. Net staking income for the first half of 2026 totaled $3.6 million.
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