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TWAV on Nasdaq

TaoWeave, Inc.

In its 2026 annual report the company says: “We are a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence models. Our principal asset is TAO, Bittensor’s native cryptocurrency, which we accumulate and stake on the Bittensor network to generate yield in the form of additional TAO tokens.”4 It is headquartered in Denver, Colorado.1 Its shares trade on Nasdaq under the symbol TWAV.1

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Last updated Oct 21, 2026.

Overview

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  • TickerTWAV on Nasdaq1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersDenver, Colorado1
  • Incorporated inDE2
  • Business address110 16Th Street, Suite 1400 #1024, Denver, Co 802022
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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We are a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence (“AI”) models. Our principal asset is TAO, Bittensor’s native cryptocurrency, which we accumulate and stake on the Bittensor network to generate yield in the form of additional TAO tokens. Our goal is to provide public-market investors with economic exposure to the Bittensor ecosystem.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

41.6%Gross margin5
-121.5%Operating margin5
-260.8%Net margin5
2.5%Revenue growth, 20255
-90.4%Return on equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Network Services brought in 78% of the revenue TaoWeave, Inc. broke down this way in fiscal 2025.

  1. Network Services$1.9M578%down 5% from 2024
  2. Video Collaboration Service$338.0K514%down 9% from 2024
  3. Digital Assets$186.0K58%
  4. Professional and Other Services$15.0K51%down 6% from 2024
Products and services by year
Products and services20242025
Network Services$2.0M$1.9M
Video Collaboration Service$372.0K$338.0K
Digital Assets$186.0K
Professional and Other Services$16.0K$15.0K

Business segments

Managed Services brought in 80% of the revenue TaoWeave, Inc. broke down this way in fiscal 2025.

  1. Managed Services$2.0M580%down 5% from 2024
  2. Collaboration Products$294.0K512%down 7% from 2024
  3. Digital Assets$186.0K58%
Business segments by year
Business segments20242025
Managed Services$2.1M$2.0M
Collaboration Products$316.0K$294.0K
Digital Assets$0$186.0K

Regions

Outside the United States brought in 53% of the revenue TaoWeave, Inc. broke down this way in fiscal 2025.

  1. Outside the United States$1.3M553%down 12% from 2024
  2. United States$1.1M547%up 25% from 2024
Regions by year
Regions20242025
Outside the United States$1.5M$1.3M
United States$913.0K$1.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development0¢$10.0K
  • Other costs100¢$2.4M
  • Income tax0¢$2.0K

Out of $2.4M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$2.4M in 2025−81% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $12.8M$12.8M20192020: $15.3M$15.3M2020+20%2021: $7.7M$7.7M2021−50%2022: $5.5M$5.5M2022−29%2023: $3.8M$3.8M2023−30%2024: $2.4M$2.4M2024−38%2025: $2.4M$2.4M2025+2%
Gross profit6789105$1.0M in 2025−81% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $5.4M$5.4M20192020: $8.1M$8.1M2020+49%2021: $2.7M$2.7M2021−66%2022: $1.5M$1.5M2022−43%2023: $911.0K$911.0K2023−41%2024: $331.0K$331.0K2024−64%2025: $1.0M$1.0M2025+206%
Operating income6789105-$3.0M in 2025−61% since 2019
-$30.0M-$20.0M-$10.0M02019: -$7.6M-$7.6M20192020: -$10.1M-$10.1M2020+33%2021: -$11.8M-$11.8M2021+17%2022: -$22.0M-$22.0M2022+86%2023: -$4.5M-$4.5M2023−80%2024: -$4.2M-$4.2M2024−7%2025: -$3.0M-$3.0M2025−30%
Net income6789105-$6.4M in 2025−18% since 2019
-$30.0M-$20.0M-$10.0M02019: -$7.8M-$7.8M20192020: -$7.4M-$7.4M2020−4%2021: -$9.1M-$9.1M2021+22%2022: -$21.9M-$21.9M2022+142%2023: -$4.4M-$4.4M2023−80%2024: -$4.0M-$4.0M2024−8%2025: -$6.4M-$6.4M2025+57%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$2.4M$2.4M
Cost of revenue$1.4M$2.0M
Gross profit$1.0M$331.0K
Research and development$10.0K$155.0K
Sales and marketing$21.0K$181.0K
General and administrative$3.9M$4.2M
Total operating expenses$4.0M$4.5M
Loss from operations-$3.0M-$4.2M
Interest income, net$128.0K$169.0K
Unrealized Loss on Fair Value Remeasurement, fair value-$3.5M$0
Total interest and other (expense) income, net-$3.4M$169.0K
Loss before income taxes-$6.4M-$4.0M
Income tax expense$2.0K$10.0K
Net loss-$6.4M-$4.0M
Preferred stock dividends$32.0K$89.0K
Warrants, deemed dividend$0$9.0M
Net loss attributable to common stockholders-$6.4M-$13.1M
Basic and diluted net loss per share (in dollars per share)-$2.76-$15.71
Basic and diluted (in shares)2.3M shares834.2K shares

Compare TaoWeave, Inc. with another company

Corporate structure

TaoWeave, Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TaoWeave, Inc.

  • Anson Funds Management LP Filed SCHEDULE 13G/A on TaoWeave, Inc., latest Nov 14, 2025 (2 filings since Aug 14, 2025)
  • Iroquois Capital Management, LLC Filed SCHEDULE 13G/A on TaoWeave, Inc., latest Nov 14, 2025 (3 filings since Feb 23, 2022)
  • Jon Matthew Hall Filed SCHEDULE 13G/A on TaoWeave, Inc., latest Aug 7, 2025 (10 filings since Mar 7, 2025)
  • StepStone Group LP Filed SC 13G/A on TaoWeave, Inc., latest Feb 12, 2024 (3 filings since Oct 8, 2021)
  • Foundry Group Select Fund, L.P. Filed SC 13D/A on TaoWeave, Inc., latest Jul 5, 2023
  • Morgan Stanley Filed SC 13G/A on TaoWeave, Inc., latest May 10, 2023 (2 filings since Feb 11, 2022)
  • TaoWeave, Inc. Denver, Colorado
    • GP Communications, LLC Subsidiary · Delaware, United States
    • Oblong Industries, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TaoWeave, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$010 Dec 31, 2024$010 Dec 31, 2023
Operating-lease assets (leased space)$010 Dec 31, 2024$17.0K10 Dec 31, 2023−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.3M5 Dec 31, 2025$5.0M5 Dec 31, 2024−54.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$010 Dec 31, 2024$010 Dec 31, 2023
Intangible assets, net (excluding goodwill)$010 Dec 31, 2024$010 Dec 31, 2023

Inventory

ItemLatestA year beforeChange
Inventory, total$05 Dec 31, 2025$05 Dec 31, 2024

Properties, in its own words

We currently lease warehouse space in a facility in Denver, CO, to store our inventory. With the exception of the warehouse space just described, we currently operate from remote employment sites and have a remote office at 110 16th Street, Suite 1400-1024, Denver, CO 80202.

Item 2 of the 10-K filed Mar 20, 2026.4

Leadership

Who has led TaoWeave, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael Brandofino2006–2009
  2. David W. Robinson2009–2010
  3. Joseph Laezza2009–2012
  4. Peter Holst2013–now

President

  1. Michael Brandofino2007–2008
  2. Joseph Laezza2008–2012
  3. Peter Holst2013–now

Chief financial officer

  1. Edwin Heinen2006–2010
  2. John R. McGovern2011
  3. Tolga Sakman2012
  4. David C. Clark2013–2020

Chief operating officer

  1. Joseph Laezza2006–2009
2010201520202025
Board members and other officers (30)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorRobert Weinstein named Jun 20, 202551

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • GP Communications, LLC Delaware3
  • Oblong Industries, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Oblong, Inc.Mar 24, 2020 to Nov 19, 20252
  • GLOWPOINT, INC.Aug 9, 2011 to Mar 9, 20202
  • GLOWPOINT INCNov 12, 2003 to Aug 8, 20112
  • WIRE ONE TECHNOLOGIES INCSep 15, 2000 to Oct 23, 20032
  • WIRE ONE TECHNOLOGY INCJun 5, 2000 to Jun 5, 20002
  • VIEW TECH INCDec 9, 1996 to May 15, 20002

Timeline

  1. Oct 7, 20268-K Other events52
  2. Jun 17, 20268-K Other events53
  3. Jun 3, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure54
  4. May 18, 20268-K Results of operations55
  5. Dec 19, 20258-K Shareholder vote56
  6. Dec 11, 20258-K Regulation FD disclosure; Other events57
  7. Dec 8, 20258-K Bylaws or fiscal year changed; Regulation FD disclosure58
  8. Nov 13, 20258-K Results of operations59
  9. Sep 11, 20258-K Executive or director change; Other events60
  10. Aug 14, 20258-K Results of operations61
  11. Aug 7, 20258-K Other events62
  12. Jul 16, 20258-K Other events63
  13. Jan 17, 2013New chief executive Peter Holst becomes CEO13
  14. Aug 13, 2009New chief executive Joseph Laezza becomes CEO15
  15. Aug 13, 2009New chief executive David W. Robinson becomes CEO14
  16. Jun 29, 2006New chief executive Michael Brandofino becomes CEO16

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202664

When it reported results

  1. May 18, 2026Reported quarterly or annual results55
  2. Nov 13, 2025Reported quarterly or annual results59
  3. Aug 14, 2025Reported quarterly or annual results61
  4. May 13, 2025Reported quarterly or annual results65
  5. Mar 18, 2025Reported quarterly or annual results66
  6. Nov 7, 2024Reported quarterly or annual results67
  7. Mar 19, 2024Reported quarterly or annual results68
  8. Nov 14, 2023Reported quarterly or annual results69

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

173 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 22 insider forms, 21 large holders, 2 private raises, 52 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Aug 7, 202610-Q EDGAR
  3. Jun 17, 20268-K EDGAR
  4. Jun 3, 20268-K EDGAR
  5. May 18, 20268-K EDGAR
  6. May 15, 202610-Q EDGAR
  7. Apr 10, 2026EFFECT EDGAR
  8. Apr 8, 2026CORRESP EDGAR
  9. Apr 7, 2026UPLOAD EDGAR
  10. Apr 2, 2026S-3 EDGAR
  11. Mar 20, 202610-K EDGAR
  12. Dec 19, 20258-K EDGAR
  13. Dec 11, 20258-K EDGAR
  14. Dec 8, 20258-K EDGAR
  15. Nov 19, 20254 EDGAR
  16. Nov 17, 20254 EDGAR
  17. Nov 17, 20254 EDGAR
  18. Nov 14, 2025SCHEDULE 13G/A EDGAR
  19. Nov 14, 2025SCHEDULE 13G/A EDGAR
  20. Nov 13, 20258-K EDGAR

The 173 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 6 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 19, 2025Holst PeterPresident and CEOBuy5,000$1.90$9.5KForm 4
Nov 14, 2025Holst PeterPresident and CEOBuy10,000$1.84$18.4KForm 4
Nov 14, 2025SCHECHTER JONATHANDirectorBuy10,000$1.91$19.1KForm 4
Sep 17, 2025SCHECHTER JONATHANDirectorBuy5,000$2.70$13.5KForm 4
Sep 16, 2025SCHECHTER JONATHANDirectorBuy10,000$2.73$27.3KForm 4
Sep 4, 2025ADELMAN JASON TDirectorBuy10,000$2.66$26.6KForm 4
Oct 24, 2023ADELMAN JASON TDirectorSale52,191$0.19$9.9KForm 4
Jun 16, 2023Meredith Deborah JeanDirectorSale7,373$1.42$10.5KForm 4
Jun 15, 2023Meredith Deborah JeanDirectorSale3,671$1.51$5.5KForm 4
Jun 14, 2023Meredith Deborah JeanDirectorSale6,556$1.65$10.8KForm 4
Jun 13, 2023Meredith Deborah JeanDirectorSale6,491$1.62$10.5KForm 4
Jun 12, 2023Meredith Deborah JeanDirectorSale300$1.64$492Form 4
Jun 6, 2023Meredith Deborah JeanDirectorSale10,000$1.62$16.2KForm 4
Jun 5, 2023ADELMAN JASON TDirectorSale3,867$1.61$6.2KForm 4
Jun 1, 2023Meredith Deborah JeanDirectorSale10,000$1.67$16.7KForm 4
Jun 1, 2023ADELMAN JASON TDirectorSale6,400$1.68$10.8KForm 4
May 31, 2023ADELMAN JASON TDirectorSale5,000$1.65$8.2KForm 4
May 30, 2023ADELMAN JASON TDirectorSale5,000$1.51$7.5KForm 4
May 26, 2023ADELMAN JASON TDirectorSale5,000$1.61$8.1KForm 4
May 25, 2023ADELMAN JASON TDirectorSale10,000$1.60$16.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Peter Holst56$295.0K$502.0K76
2024David Clark56$260.0K$357.0K76
2023DirectorPresident, and CEO$295.0K$699.0K76
2023CFOTreasurer, and Secretary$260.0K$443.0K76

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 5, 2025Raised $7.5 million in a private offering of securities Form D: 12 investors so far Form D
  2. Mar 31, 2023Raised $6.4 million in a private offering of equity Form D: 18 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC41,990$57.9K0.0%New
Citadel Advisors LLC37,237$51.4K0.0%New
Geode Capital Management, LLC30,782$42.5K0.0%−61,205
Renaissance Technologies LLC21,400$29.5K0.0%−38,000
Vanguard Fiduciary Trust Co18,472$25.5K0.0%No change
Northern Trust Corp12,361$17.1K0.0%New
Vanguard Capital Management LLC10,822$14.9K0.0%No change
UBS Group AG4,479$6.2K0.0%+4,472
Tower Research Capital LLC (TRC)4,273$5.9K0.0%New
NewEdge Advisors, LLC50$710.0%No change
Virtu Financial LLC15,928$220.0%−9,714
Allworth Financial LP8$120.0%No change
Axiom Investment Management LLC2$20.0%No change
Wells Fargo & Company/mn1$10.0%No change
Stone House Investment Management, LLC1$10.0%No change
Farther Finance Advisors, LLC1$10.0%No change
Napier Financial, LLC1$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How TaoWeave, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTaoWeave, Inc.1
  • CIK0000746210
  • Employer ID (EIN)77-03124424
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address110 16Th Street, Suite 1400 #1024, Denver, CO 802021
  • Phone303-640-38381
  • Shares outstanding3,877,219 as of Aug 5, 202612
  • Public float$5.1M as of Jun 30, 20254
  • AuditorEisnerAmper LLP, Iselin, New Jersey PCAOB ID 274; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 15, 19961
  • Filings1,235 in all: 4 (499), 8-K (244), 10-Q (89), 3 (44), SC 13G/A (30), DEF 14A (29), 10-K (28), S-3 (20)1
    All 56 form types

    SC 13G (18), UPLOAD (16), CORRESP (14), SC 13D/A (14), EFFECT (13), S-3/A (13), 4/A (12), D (12), S-8 (11), SCHEDULE 13G/A (11), 8-K/A (10), PRE 14A (10), 144 (9), 424B3 (8), 424B5 (8), SC 13D (7), 10-K/A (6), 10-Q/A (6), S-1/A (5), S-4/A (5), REGDEX (4), 425 (3), DEFA14A (3), NT 10-K (3), SCHEDULE 13G (3), 10QSB (2), 8-A12B (2), POS AM (2), S-1 (2), S-4 (2), 10-K405 (1), 10KT405 (1), 25 (1), 424B7 (1), 5 (1), 8-A12G/A (1), ARS (1), AW (1), CERT (1), CERTNYS (1), DEF 14C (1), NT 10-Q (1), PRE 14C (1), PRER14A (1), REGDEX/A (1), S-8 POS (1), SB-2 (1), SB-2/A (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Nov 4, 2025
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par valueTWAVNasdaq

From the cover page of the 10-K filed Mar 20, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks TaoWeave, Inc. names in Item 1A of its 10-K filed Mar 20, 2026: 5 risks under these headings, as written.4

  • Risks Related to Digital Assets
  • Risks Related to Our Managed Services and Collaboration Products Business
  • Risks Related to Cybersecurity and Regulations
  • Risks to Owning Our Common Stock
  • General Risks

Legal proceedings

From time to time, we are subject to various legal proceedings arising in the ordinary course of business, including those covered by insurance. As of the date hereof, we are not a party to any legal proceedings that we currently believe will have a material adverse effect on our business, financial position, results of operations, or liquidity.

The opening of Item 3, Legal Proceedings.4

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