Oblong, Inc. reported third‑quarter 2025 revenue of $601,000, a 4 % increase from $578,000 in the same period a year earlier and a 1 % rise from $592,000 in Q2 2025. The company posted an operating loss of $802,000 for the nine‑month period, a narrowing from the $2.177 million loss reported for the same span in 2024, and a net loss of $2.294 million that includes a $1.5 million unrealized loss on digital‑asset revaluation.
Staking of the company’s TAO token generated $97,000 in earnings during the quarter, and the firm invested $6.3 million to acquire 16,517 additional TAO tokens. As of November 12, 2025, Oblong held 21,943 TAO tokens with a market value of roughly $8.0 million, up from 21,822 tokens valued at $6.6 million on September 30, 2025. The growth in holdings reflects both the company’s continued capital allocation to the Bittensor network and the appreciation of TAO’s market price.
Revenue is dominated by Managed Services, which accounted for 82 % of total revenue and was driven by a single customer that contributed 99 % of that segment’s income. Collaboration Products, the legacy line, declined sharply, underscoring the company’s shift away from its traditional offerings toward the higher‑margin digital‑asset strategy.
Gross profit rose to $244,000, giving a gross margin of 40.6 %, a dramatic improvement from 13.7 % in Q3 2024. The margin expansion is largely attributable to the higher‑margin staking revenue and the reduced cost base in legacy segments, offsetting the operating loss incurred from ongoing investments in the TAO treasury.
CEO Pete Holst emphasized the strategic importance of the Bittensor network, stating, “Bittensor is an open network for intelligence, the same way the original internet was for information… By building on this open platform, problems can be solved collaboratively at global scale, with the world’s brightest minds incentivized by $TAO.” He added that the company’s focus on the TAO treasury is a “pivotal moment” that could redefine multiple industries.
The company’s cash and TAO holdings are expected to fund operations for at least twelve months, but the volatility of digital assets remains a headwind. While the company has not issued new guidance, the narrowing operating loss and improved gross margin suggest a cautious optimism about the long‑term viability of its decentralized‑AI strategy.
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