Datavault AI (NASDAQ: DVLT) crossed a significant threshold in Q4 2025. It earned a profit. That had never happened before.
According to Datavault’s investor relations announcement, the company recorded GAAP operating profit of $4.2 million in the fourth quarter ended December 31, 2025, the first profitable quarter in company history. GAAP net profit for the same period was $661 thousand, a separate but consistent measure. Both figures represent a genuine inflection point for a company that began the year generating almost no revenue.
The full-year numbers are harder to ignore. Full-year 2025 revenue came in at $39.1 million, up from $2.67 million in FY2024, a 1,362% increase year over year. The company also reported Adjusted EBITDA of $8.1 million for Q4 2025 and reported working capital of approximately $116 million at year-end 2025, according to the company. Those figures have not been independently confirmed from available cross-references.
Management reiterated its target of $200 million in full-year 2026 revenue. That figure is a forward-looking management guidance target, not a confirmed result, and the market’s response was not uniformly enthusiastic despite the milestone quarter.
The revenue trajectory is real and verified. The path to $200 million is a management aspiration. Those are different things, and investors tracking DVLT should treat them accordingly.