USBC Q2 FY26 net loss widens to $20.79 million; revenue remains no revenue
USBC•Quarterly results widen loss
USBC posted a GAAP net loss of $20.79 million for the quarter ended June 30, 2026, widening from $1.53 million a year earlier.
GAAP operating loss widened to $16.43 million from $1.26 million as operating expenses climbed to $16.43 million from $1.26 million.
Tokenized-deposit program advances
The tokenized-deposit program moved into Phase 2; USBC Pay was developed; and a July 28 borrowing lifted the MLA balance to $18 million, secured by 479 bitcoin.
Expenses rise on stock compensation and digital-asset loss
SG&A jumped to $16.37 million from $1.02 million on higher stock-based compensation, tokenized-deposit development costs and professional fees.
Other expense widened to $9.59 million from $0.28 million, driven by a fair-value loss on digital assets.
