MDB Capital Holdings, LLC reported a net loss of $9.3 million for the three months ended June 30, 2026, compared to a loss of $8.2 million for the same period in 2025. For the six months ended June 30, 2026, the company recorded a net loss of $16.1 million, an increase from a loss of $14.9 million in the prior year. The increase in losses was attributed to unrealized losses on investment securities and a significant loss related to dilution events. The company’s total operating loss for the second quarter of 2026 was $552,000, a notable improvement from a loss of $1.9 million in the same quarter of 2025, primarily due to increased fee income from investment banking activities.
In terms of financial position, MDB Capital's total assets decreased to $50.8 million as of June 30, 2026, down from $63.7 million at the end of 2025. This decline was largely driven by a reduction in cash and cash equivalents, which fell to $9.6 million from $15.5 million, and a decrease in investment securities at fair value, which dropped to $3.3 million from $7.2 million. The company’s equity also saw a significant decline, with total equity decreasing to $49.5 million from $60.6 million, primarily due to the accumulated deficit increasing to $35.9 million from $19.8 million.
Operationally, MDB Capital has made strides in its investment banking segment, with fee income rising to $3.3 million for the six months ended June 30, 2026, compared to $2.1 million in the same period of 2025. The company has also seen an increase in related party fee income, which amounted to $592,000 in the first half of 2026, reflecting ongoing business with eXoZymes. However, the company reported a significant unrealized loss of $4.9 million on investment securities for the first half of 2026, compared to $3.7 million in the previous year.
Looking ahead, MDB Capital Holdings is focused on leveraging its recent IPO proceeds to enhance its operational capabilities and expand its investment banking services. The company aims to continue developing its pharmaceutical subsidiary, MDB Minnesota One, which is working on a small molecule senescence platform in collaboration with the Mayo Foundation. Despite the challenges posed by market conditions and the recent decline in the value of its equity investments, MDB Capital remains committed to its strategic initiatives and is monitoring market trends closely to adapt its business strategies accordingly.
About MDB Capital Holdings, LLC
MDB Capital Holdings is a platform that finances and develops early-stage technology companies through its subsidiaries. It acts as a founder, investor, and strategic partner, focusing on disruptive innovations with large market potential and strong IP. The company supports partner firms from inception to public markets, leveraging long-term community investors, intellectual property expertise, and a unique public venture capital model to foster industry leaders.
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