Earnings

Chaince Posts First Quarterly Profit in 2026

The Tip Desk · November 14, 2026 · 3 min read

The digital-asset advisory firm reported $229,490 of net income for the three months ended September 30, 2026, versus a $2.55 million net loss a year earlier.

Chaince Digital Holdings (CD), a financial-services and advisory firm, reported net income of $229,490 for the three months ended September 30, 2026, reversing a year-earlier net loss of $2,546,918.

Continuing-operations revenue was $1,811,598, up 91.98% from $943,662 a year earlier. Sequential revenue rose to that level from $463,206 in the three months ended June 30, 2026. The company said 2026 revenue growth reflected a higher volume of advisory and consulting engagements and increased transaction-execution activity.

The mix shifted toward underwriting. Underwriter services contributed $1,347,121 of the quarter’s revenue, a line that was absent from the year-earlier mix, which had included $321,036 of PIPE services. Industry advisory and consulting revenue was $296,250, down from $339,871 a year earlier, and IPO-related advisory fell to $39,000 from $261,557. Transaction execution and brokerage services were $47,250, clearing-related brokerage $79,035, and commission-rebate other services $2,942.

Gross profit was $1,390,008, up 83.29% from $758,377 a year earlier. Gross profit margin compressed to 76.73% from 80.37% a year earlier, a 3.64-point decline the company attributed to a larger increase in cost of revenue. Cost of revenue was $421,590, up 127.54% from $185,285 a year earlier. Sequentially, gross profit margin recovered to 76.73% from 48.05% in the June quarter.

The operating loss narrowed to $243,314 from $431,060 a year earlier. Sequentially, the operating loss narrowed to $243,314 from $1,398,086 in the June quarter. General and administrative expenses were $1,551,009, up 41.44% from $1,096,592 a year earlier, consisting primarily of $334,617 in employment costs, $890,759 in professional fees, and $325,634 in other office expenses. The company said professional fees and other operating expenses increased as the financial-services and advisory businesses expanded, while employee-related expenses decreased primarily due to lower share-based compensation. The company reported a negative selling and marketing expense (a credit) of $1,272. Research and development expenses were $83,542, from equity-based compensation under a tokenization-platform agreement with Palantir Innovation Technologies Corporation.

Income from continuing operations was $224,187, versus a loss of $2,317,754 a year earlier. A $324,195 gain on the market price of stablecoins and digital assets from continuing operations, versus a $78,896 loss a year earlier, contributed to the swing. That digital-asset line flipped from a $110,597 loss in the June quarter. The continuing-operations gain consisted of $248,278 on Bitcoin, $43,558 on Solana, $32,010 on Filecoin held outside the mining-node structure, and smaller amounts on USD Coin and Tether. Interest income, net, was $201,542, and dividend income was $89,737. Income tax expense was $173,578.

Discontinued operations, which relate to the Filecoin mining business, produced income of $5,303, versus a loss of $229,164 a year earlier. All mining nodes had ceased operations by September 30, 2026; the company had already reported that all mining nodes had ceased operations by June 30, 2026. Mercurity Fintech Technology Holding Inc. remains a legal entity and may be used for other digital-asset or technology-enabled activities, the company said.

For the nine months ended September 30, 2026, continuing-operations revenue was $2,782,350, up 131.43% from $1,202,231 a year earlier. Net loss for the nine months was $2,227,954, versus $5,394,748 a year earlier. The company said it expects to continue pursuing growth in financial services and advisory while maintaining operational discipline.