House of Doge Inc. Reports First Revenue of $38,399 and Net Income of $3.98 Million for June 2026 Quarter

House of Doge Inc. has reported its financial results for the three months ending June 30, 2026, revealing a significant turnaround from the previous fiscal period. The company generated revenue of $38,399, marking its first revenue since inception, compared to no revenue in the same period last year. This increase is attributed to the commencement of support services for exchange-traded products (ETPs) provided to 21Shares, which includes operational and marketing assistance for Dogecoin-related financial products.

The company’s operating expenses for the quarter totaled $4.3 million, a substantial decrease from $11.8 million in the prior year. This reduction is primarily due to a significant drop in advertising and marketing expenses, which fell from $2.1 million to $165,347, as the company focused on completing its merger rather than extensive promotional activities. General and administrative expenses also decreased by 57% to $3.8 million, largely due to a reduction in share-based compensation and consulting fees. The company reported a net income of $3.98 million for the quarter, a stark contrast to a net loss of $12.1 million in the same period last year.

In terms of strategic developments, House of Doge completed a reverse recapitalization with Brag House Holdings, Inc. on June 30, 2026. This merger resulted in a restructured board of directors and a new corporate identity, with the company now trading under the ticker symbol "HODO" on Nasdaq. The merger has also led to a significant increase in total assets, which rose to $32.5 million from $21.8 million at the end of the previous quarter, driven by the recognition of additional investments and fair-value gains.

Operationally, the company reported a working capital deficit of $16.4 million as of June 30, 2026, compared to $7.3 million at the end of March 2026. This deficit is primarily due to increased current liabilities, which rose to $19.9 million, including a warrant derivative liability of $2.8 million recognized at the merger date. The company’s cash position decreased to $662,499 from $2.8 million, reflecting cash used in operations and investing activities.

Looking ahead, House of Doge is focused on enhancing its liquidity and operational efficiency. The company plans to pursue additional working capital through equity offerings and strategic financing arrangements. Management has expressed confidence in its ability to monetize investments and increase revenue through its Dogecoin-related initiatives, although it acknowledges the challenges posed by market volatility and the need for ongoing capital management. The company’s future performance will depend on its ability to execute its business strategy effectively and navigate the complexities of the digital asset market.