AVAX One Q3 revenue soars on Avalanche strategy shift
AVX•AVAX One’s Q3 revenue rose more than fourfold year over year after its shift to an Avalanche digital asset treasury strategy. Net income was $49.89 million, including a $55.1 million unrealized digital asset gain, and the company reiterated 2026 revenue guidance of $11 million to $12 million.
1. Revenue and earnings
AVAX One said Q3 revenue rose more than fourfold year over year after its transition to an Avalanche digital asset treasury strategy, with most revenue coming from staking rewards. Net income was $49.89 million, including a $55.1 million unrealized gain on the change in market value of digital assets; operating income was $52.43 million and EPS was $6.11.
2. Guidance and capital
The company reiterated its 2026 revenue guidance of $11 million to $12 million and expects 2026 EBITDA of $2 million to $3 million. It eliminated more than $14.9 million in convertible debt and repurchased 384,224 shares in Q3.
