AVAX One Reports Third Quarter 2026 Financial and Operating Results
Key Highlights
- ➤Q3 revenue $2.4 million, more than quadrupling from approximately $526,000
- ➤Q3 net income $49.9 million, or $6.11 per diluted share
- ➤Convertible debt reduced to zero after eliminating more than $14.9 million in Q3
- ➤AVAX treasury reached 14,170,184 tokens and equivalents, with 99.7% actively staked
- ➤2026 revenue guidance reaffirmed at $11 million-$12 million; EBITDA at $2 million-$3 million
Expert Statements
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“We continue to believe Avalanche has significant long-term potential, particularly as institutional adoption of tokenized assets and onchain financial applications accelerate.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“Developments such as the New York Stock Exchange’s selection of Avalanche to support clearing and settlement for its planned tokenized securities platform reinforce the strength of Avalanche’s technology and its ability to meet the performance, scalability and compliance requirements of traditional financial institutions.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“As we reaffirm our commitment to an Avalanche-focused treasury strategy, we intend to build on that foundation by expanding our participation in the Avalanche ecosystem, actively managing our treasury and allocating capital toward opportunities that can deliver meaningful, long-term value for our shareholders.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“The third quarter marked an important period of progress for AVAX One, highlighted by significant improvements to our balance sheet, continued execution under our share repurchase program and disciplined management of our operating expenses.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“During the quarter, we eliminated more than $14.9 million of outstanding convertible debt and subsequently eliminated the remaining approximately $970,000 after quarter end.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“We also repurchased approximately 384,224 shares during the third quarter and an additional 710,000 shares in October at what we believe are attractive valuations, reflecting our commitment to allocating capital where it can generate the greatest value for shareholders.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“These initiatives strengthen our financial position and enhance our flexibility to pursue opportunities across the Avalanche ecosystem.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“With a lean operating structure and a more robust balance sheet, we intend to direct our resources toward growing our AVAX treasury, optimizing staking yields and creating long-term value for our shareholders.”
Strengthens Financial Position Through More Than $14.9 Million of Debt Reduction and Continued Share Repurchases
WEST PALM BEACH, FL, Nov. 12, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today announced its financial and operating results for the third quarter ended September 30, 2026, along with an update on its AVAX treasury strategy.
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