MDB Capital Holdings, LLC reported its financial results for the first quarter of 2026, revealing a net loss of $6.736 million, a slight increase from the $6.602 million loss recorded in the same period of 2025. The company's total operating income for the quarter was $44,828, a decrease from $828,000 in the prior year, primarily due to unrealized losses on investment securities. The company’s revenue from fee income generated by its licensed broker-dealer, Public Ventures, amounted to $2.862 million, compared to $2.140 million in the previous year, reflecting increased investment banking activity.
In terms of financial position, MDB Capital's total assets decreased to $57.463 million as of March 31, 2026, down from $63.740 million at the end of 2025. This decline was attributed to a reduction in cash and cash equivalents, which fell to $12.194 million from $13.217 million, and a decrease in investment securities at fair value, which dropped to $5.141 million from $7.166 million. The company’s equity also saw a decline, with total equity decreasing to $56.224 million from $60.579 million, largely due to the net loss incurred during the quarter.
Operationally, MDB Capital has made strategic moves, including the continued development of its pharmaceutical subsidiary, MDB Minnesota One, which is focused on creating a small molecule senescence platform in collaboration with the Mayo Foundation. The company also reported an increase in accounts receivable, which rose to $185,000, indicating heightened activity in legal and strategy fees. The number of shares outstanding for Class A common shares increased to 5.300 million from 5.139 million, reflecting stock-based compensation activities.
Looking ahead, MDB Capital Holdings remains focused on enhancing its investment banking services and expanding its operational capabilities. The company is actively monitoring market conditions and is prepared to adjust its business strategies as necessary. The management expressed optimism about future growth opportunities, particularly in the pharmaceutical sector, while also acknowledging the potential impacts of broader economic conditions on its operations.
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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