Cash fell to $0.7 million at June 30 from $2.8 million at March 31; working-capital deficit widened to $16.3 million from $7.3 million.
Management flagged substantial doubt about going concern; subsequent to quarter-end it fully repaid the Yorkville senior convertible promissory note and Revere margin loan.
Quarterly results and revenue
House of Doge posted GAAP net income of $4 million for the quarter ended June 30, 2026, reversing a $12.1 million loss.
Revenue was $0.04 million, compared with no revenue a year earlier, driven by Dogecoin ETP support services for 21Shares.
Change in fair value of investments delivered a $9.8 million gain, while the company booked a $1 million asset impairment charge.
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