$AIAI

AIAI Holdings Corp

CIK:0002096362|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended	4 Months Ended	6 Months Ended
	May 06, 2026	Jun. 30, 2026	Jun. 30, 2025	May 06, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 19,206	$ 39,077	$ 65,180	$ 78,075	$ 127,571
Cost of sales
Total cost of sales	19,039	34,296	58,331	74,410	111,784
Gross profit	167	4,781	6,849	3,665	15,787
Acquisition and related costs	0	20,596	0	0	0
Selling, general and administrative expenses	1,909	27,415	5,921	8,874	11,931
Loss on digital assets	0	481	0	0	0
(Gain) loss on disposal of property and equipment	(21)	0	(13)	(138)	4
State franchise tax expense	15	25	68	52	135
Operating income (loss)	(1,736)	(43,736)	873	(5,123)	3,717
Interest expense	270	902	284	613	620
Interest income	0	(33)	0	0	0
Income (loss) before income taxes	(2,006)	(44,605)	589	(5,736)	3,097
Income tax benefit	0	5,677	0	0	0
Net income (loss)	(2,006)	$ (38,928)	589	(5,736)	3,097
Per share data
Loss per share, Basic		$ (0.56)
Loss per share, Diluted		$ (0.56)
Weighted average Class A common stock outstanding, Basic		69,473,454
Weighted average Class A common stock outstanding, Diluted		69,473,454
Products
Revenue
Total revenue	0	$ 483	0	0	0
Cost of sales
Total cost of sales	0	351	0	0	0
Services
Revenue
Total revenue	19,206	38,594	65,180	78,075	127,571
Cost of sales
Total cost of sales	$ 19,039	$ 33,945	$ 58,331	$ 74,410	$ 111,784

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended	4 Months Ended	6 Months Ended
	May 06, 2026	Jun. 30, 2026	Jun. 30, 2025	May 06, 2026	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income		$ (38,928)		$ (5,736)		$ 3,097
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		18,389		1,618		1,628
Amortization of finance right-of-use assets		87		246		872
Amortization of debt discount		39		0		0
(Gain) loss on disposal of property and equipment	$ (21)	0	$ (13)	(138)		4
Non-cash interest expense, net		17		81		42
Share-based compensation expense		2,225		0		0
Share-based transaction costs		16,074		0		0
Non-cash revenues received as digital assets		(85)		0		0
Impairment loss on digital assets		270		0		0
Expenses paid through digital assets		108		0		0
Deferred income taxes		(5,677)		0		0
Fair value adjustments on digital assets		211		0		0
Changes in operating assets and liabilities:
Accounts receivable		11,079		7,658		(9,681)
Contract assets		(18,185)		(6,660)		737
Due from related parties		(386)		0		0
Inventory		69		0		0
Prepaid expenses and other current assets		(130)		(618)		134
Accounts payable		3,693		(2,086)		11,197
Accrued expenses and other current liabilities		(1,830)		1,365		1,075
Contract liabilities		1,143		1,888		(346)
Due to related parties		0		(83)		0
Other		(15)		0		0
Net cash provided by (used in) operating activities		(11,832)		(2,465)		8,759
Cash flows from investing activities
Purchases of property and equipment		(14)		(551)		(524)
Proceeds from disposal of property and equipment		0		405		83
Issuance of related party note		(250)		0		(2,600)
Proceeds from related party note		0		500		0
Cash acquired in Business Combinations		13,386		0		0
Payments for related party transactions		(202)		(74)		(80)
Proceeds from related party transactions		145		166		13
Net cash provided by (used in) investing activities		13,147		446		(3,108)
Cash flows from financing activities
Proceeds on notes payable		315		0		0
Repayments on notes payable		(295)		(786)		(382)
Proceeds on lines of credit		8,583		48,157		66,823
Repayments on lines of credit		(9,500)		(44,466)		(61,543)
Proceeds from Founder Loan		6,640		0		0
Capital contribution from Founder		4,142		0		0
Repayments of related party loan		(334)		0		0
Proceeds from related party loan		230		0		0
Repayment of finance leases	(314)	(145)	(689)	(610)		(1,436)
Distributions and withdrawals		(25)		(3,706)		(3,044)
Net cash provided by (used in) financing activities		9,611		(1,411)		418
Net increase (decrease) in cash and cash equivalents		10,926		(3,430)		6,069
Cash and cash equivalents, beginning of period		300
Cash and cash equivalents, end of period	300	11,226		300	$ 11,226
Cash and cash equivalents, at beginning of period		12,204		15,634	$ 15,634	2,545
Cash and cash equivalents, at end of period	$ 12,204		$ 8,614	12,204		8,614
Cash paid during the period for:
Interest		284		533		579
State franchise taxes		150		0		135
Income taxes		0		0		0
Noncash transactions:
Issuance of notes payable to settle finance lease liabilities		0		518		1,104
Issuance of notes payable for property and equipment		0		88		563
Transfer of right-of-use assets to property and equipment		0		1,142		1,576
Right of use asset obtained in exchange for lease liabilities		100
Shares of AIAI Class A common stock and options on Class A common stock issued in exchange for Portfolio Companies (at fair value)		451,502		0		0
Shares of AIAI Class A common stock issued in exchange for investment in affiliate (at fair value)		245,967		0		0
Shares of AIAI Class A common stock issued in exchange for AI License (at fair value)		379,317		0		0
Bond Street
Cash flows from investing activities
Cash acquired in Business Combinations		$ 82		$ 0		$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 11,226,000	$ 15,634,000
Accounts receivable, net	19,180,000	32,270,000
Contract assets	41,717,000	14,622,000
Inventory	1,154,000	0
Digital assets	1,219,000	0
Restricted digital assets	377,331	0
Prepaid expenses and other current assets	3,157,000	0
Total current assets	81,783,000	62,526,000
Non-current assets:
Property and equipment, net	30,766,000	23,883,000
Investment in affiliate	245,967,000	0
Operating lease right-of-use assets	1,051,000	1,761,000
Finance lease right-of-use assets	3,889,000	5,873,000
Goodwill	305,206,000	0
Intangible assets, net	644,229,000	0
Other non-current assets	656,000	100,000
Total assets	1,313,914,000	94,711,000
Current liabilities:
Accounts payable	48,920,000	41,379,000
Accrued expenses and other current liabilities	8,420,000	1,058,000
Contingent consideration	20,627,000	0
Contract liabilities - current	10,877,000	6,366,000
Short-term debt - third parties	3,045,000	0
Short-term debt - related parties	1,853,000
Current portion of long-term debt	7,756,000	1,849,000
Operating lease obligation - current maturities	340,000	1,124,000
Finance lease obligation - current maturities	3,761,000	1,878,000
Total current liabilities	108,267,000	53,654,000
Non-current liabilities:
Long-term debt, net of current portion	18,946,000	22,318,000
Operating lease obligation	735,000	744,000
Finance lease obligation	80,000	3,007,000
Deferred tax liabilities	182,006,000	0
Contract liabilities - non-current	764,000	0
Long-term debt - related parties	7,130,000	0
Total liabilities	317,928,000	79,723,000
Commitments and contingencies (Note 16)
Partners' capital
Limited partners	0	14,468,000
General partner	0	520,000
Shareholders' equity:
Preferred stock, $0.001 par value per share, 25,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2026 and zero shares authorized, issued and outstanding as of December 31, 2025
Additional paid in capital	1,042,601,000	0
Accumulated other comprehensive loss	(23,000)	0
Accumulated deficit	(46,670,000)	0
Total stockholders' equity	995,986,000	14,988,000
Total liabilities and stockholders' equity	1,313,914,000	94,711,000
Related Party
Current assets:
Due from related parties - current	3,753,000	0
Non-current assets:
Due from related parties - non-current	367,000	568,000
Current liabilities:
Accounts payable	0	100,000
Due to related parties - current	2,668,000	0
Class A Common Stock
Shareholders' equity:
Common stock	70,000	0
Class B Common Stock
Shareholders' equity:
Common stock	$ 8,000	$ 0