NASDAQ$XXI
Twenty One Capital Inc · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
Twenty One Capital reported Q1 2026 net loss of $859.7M ($1.32 per share) on Bitcoin fair-value marks, with minimal operating revenue.
For the quarter ended March 31, 2026, Twenty One Capital had no operating revenue, operating expenses of $10.6 million, and a net loss of $859.7 million ($1.32 basic and diluted per Class A/B share), primarily from an $847.8 million decrease in fair value of digital assets (Bitcoin treasury). Interest expense was $1.3 million. The company is accumulating Bitcoin and developing educational and financial-services initiatives.
- Net loss $859.7M driven by Bitcoin fair-value adjustment.
- Operating expenses $10.6M; no product revenue yet.
- Loss per share $1.32 on ~346M Class A shares outstanding.
- Strategy focused on Bitcoin treasury and future financial services.
Headline financials
Revenue & EPS history
Cantor Equity Partners Inc Class A · Revenue · Quarterly
$3.18K
Forward guidance
No product revenue guidance; corporate plan centers on Bitcoin accumulation and future regulated financial offerings subject to approvals.
Tailwinds
- Treasury strategy aligned with long-term Bitcoin adoption thesis.
- Operating cash burn modest relative to asset marks.
Headwinds
- Earnings highly volatile with Bitcoin prices.
- No near-term operating revenue stream.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 1 quarterly earnings reports · overlaid with Q1 2026
-2.5%
Avg return
Earnings day
-9.2%
Avg return
5 days after
-28.1%
Avg return
30 days after
0%
0 / 2 earnings
Positive
+0.0%
Q3 2025
Best reaction
-5.0%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.0% | -6.8% | -30.9% | |
| Q3 2025 | +0.0% | -11.6% | -25.3% |
Discussion
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