NFT Ltd. cites weak digital-art market and lower transaction volume as six-month net loss narrows to $473,690
MI•For the six months ended June 30, 2026, revenue fell to $112,014 from $316,966, while net loss narrowed to $473,690 from $810,938. Operating cash flow was $95.43 million, mainly from a $98.66 million refund tied to failed platform software development.
1. Six-month results
NFT Ltd. said lower NFT transaction volume contributed to revenue falling to $112,014 from $316,966 for the six months ended June 30, 2026. Gross profit dropped to $15,990 from $220,942, and gross margin fell to 14.3% from 69.7% as fixed platform costs stayed flat. Net loss narrowed to $473,690 from $810,938, helped by general and administrative expenses falling to $589,917 from $904,316.
2. Other income and cash flow
Other income was $100,237, compared with an expense of $118,907, driven by interest income tied to a loan receivable. Operating cash flow was $95.43 million, mainly from a $98.66 million refund tied to failed platform software development.
