MDB Capital Holdings, LLC filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 13, 2026, reporting a net loss of $16.444 million for the third quarter and a year-to-date net loss of $32.499 million.

Key Highlights

  • Q3 2026 net loss: $16.444 million, compared to a net loss of $4.657 million in Q3 2025, according to the filing.
  • Equity method investee loss: The company reported equity in loss of equity method investee of $10.175 million for the three months ended September 30, 2026, versus $1.069 million in the same period of 2025.
  • Total assets declined: Total assets were $37.492 million as of September 30, 2026, down from $63.740 million as of December 31, 2025.
  • Accumulated deficit widened: Accumulated deficit reached $52.299 million at September 30, 2026, compared to $19.803 million at December 31, 2025.
  • Shares outstanding: As of November 13, 2026, the company reported 5,712,846 Class A Common Shares outstanding.
  • Nine-month operating loss: Net operating loss for the nine months ended September 30, 2026 was $17.836 million, compared to $17.058 million for the same period in 2025.

MDB Capital Holdings Third-Quarter 2026 Financial Results

MDB Capital Holdings, LLC (NASDAQ:MDBH) reported a net loss attributable to the company of $16.444 million for the three months ended September 30, 2026, according to the filing. The loss per Class A common share on a basic and diluted basis was $(1.59), based on a weighted average of 5,465 thousand Class A common shares outstanding. The comparable prior-year quarter showed a net loss of $4.657 million, or $(0.46) per Class A common share.

The filing disclosed that total operating costs for Q3 2026 were $5.650 million, with compensation representing the largest component at $3.506 million. Total operating income was a loss of $575 thousand for the quarter, driven in part by an unrealized loss on investment securities of $1.037 million from the company's licensed broker dealer. A significant contributor to the quarterly net loss was equity in loss of the equity method investee, which the filing reported at $10.175 million for the three months ended September 30, 2026, up from $1.069 million in Q3 2025. The company's equity method investment on the balance sheet declined to $22.918 million at September 30, 2026, from $37.543 million at December 31, 2025.

Total equity stood at $36.062 million as of September 30, 2026, compared to $60.579 million at December 31, 2025. During the nine months ended September 30, 2026, the company recorded stock-based compensation of $7.625 million in aggregate across the three quarters (comprising $2.381 million, $2.605 million, and $2.639 million in Q1, Q2, and Q3, respectively). Cash and cash equivalents were $8.315 million at September 30, 2026, down from $13.217 million at December 31, 2025. The company identified itself as a smaller reporting company and an emerging growth company in the filing.

What Was Disclosed

MDB Capital Holdings filed its quarterly report covering the period ended September 30, 2026, disclosing a third-quarter net loss of $16.444 million, a significant increase in equity method investee losses, reduced total assets of $37.492 million, and an accumulated deficit of $52.299 million.