Neptune Digital Assets Corp (NDA) Q2 2026 earnings summary

Executive summary

• Ended Q2 2026 with $68.4 million in total assets, a decrease from August 2025 due to lower crypto prices.

• Expanded Bitcoin holdings to 420 BTC (~$45 million) through mining and acquisitions.

• Maintains significant positions in Solana (37,500 SOL), SpaceX ($20.9 million), and other digital assets.

• Gross revenues for the six months ended February 28, 2026, were $0.6 million, reflecting non-cash valuation changes.

• Focus remains on disciplined capital allocation and long-term value compounding.

Financial highlights

• Total assets at February 28, 2026: $68.4 million, down from $71.6 million at August 31, 2025.

• Gross revenues for the six months: $0.6 million, primarily from Bitcoin mining and staking.

• Working capital improved to $7.94 million from a deficit of $0.18 million year-over-year.

• Total digital assets at February 28, 2026: $42.7 million.

• Shareholders' equity at February 28, 2026: $52.7 million.

Outlook and guidance

• Strategy remains focused on accumulating Bitcoin and maintaining exposure to unique assets like SpaceX.

• Management emphasizes disciplined capital allocation and long-term shareholder value.