Avalanche treasury company AVAT reported its financial results for the second quarter of 2026 and said its board has approved a $10 million Class A common stock repurchase program. The company completed its business combination on June 11 and began trading on Nasdaq under the ticker AVAT.
AVAT posted a net loss of $44.7 million for the quarter, or $1.54 per share. About $35.7 million of that total, roughly 80% of the net loss, was tied to fair value changes, realized losses, and impairment on its AVAX holdings. The company also recorded about $15.2 million in one-time transaction costs related to the business combination, while core general and administrative expenses came to about $3.5 million.
As of June 30, AVAT held about 15.3 million AVAX with a carrying value of roughly $100 million. The company said fee-adjusted quarterly revenue from staking AVAX reached $1.5 million, bringing first-half staking revenue to $3.6 million. AVAT said it plans to continue accumulating and deploying AVAX treasury assets.
Avalanche treasury company AVAT reported its financial results for the second quarter of 2026 on Aug. 26, while its board approved a $10 million Class A common stock repurchase program, according to BlockBeats.
The company completed its business combination on June 11 and began trading on Nasdaq under the ticker AVAT.
Breakdown of the quarterly loss
AVAT posted a net loss of $44.7 million in the second quarter, equal to a loss of $1.54 per share. About $35.7 million of that figure, or roughly 80% of the net loss, came from fair value changes, realized losses, and impairment tied to its AVAX holdings.
The results also included about $15.2 million in one-time transaction costs related to the completion of the business combination. Core general and administrative expenses were about $3.5 million.
AVAX holdings and staking revenue
As of June 30, AVAT held about 15.3 million AVAX with a carrying value of roughly $100 million.
The company generated $1.5 million in fee-adjusted quarterly revenue through staking AVAX. Its staking revenue for the first half totaled $3.6 million. AVAT said it will continue to accumulate and deploy AVAX treasury assets.
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