TWAV on Nasdaq

TaoWeave, Inc.

We are a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence (“AI”) models.1

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Last updated Oct 19, 2026.

Overview

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  • TickerTWAV on Nasdaq1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersDenver, Colorado1
  • Incorporated inDE2
  • Business address110 16Th Street, Suite 1400 #1024, Denver, Co 802022
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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We are a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence (“AI”) models. Our principal asset is TAO, Bittensor’s native cryptocurrency, which we accumulate and stake on the Bittensor network to generate yield in the form of additional TAO tokens. Our goal is to provide public-market investors with economic exposure to the Bittensor ecosystem.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

41.6%Gross margin4
-121.5%Operating margin4
-260.8%Net margin4
2.5%Revenue growth, 20254
-90.4%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Network Services brought in 78% of the revenue TaoWeave, Inc. broke down this way in fiscal 2025.

  1. Network Services$1.9M478%down 5% from 2024
  2. Video Collaboration Service$338.0K414%down 9% from 2024
  3. Digital Assets$186.0K48%
  4. Professional and Other Services$15.0K41%down 6% from 2024
Products and services by year
Products and services20242025
Network Services$2.0M$1.9M
Video Collaboration Service$372.0K$338.0K
Digital Assets$186.0K
Professional and Other Services$16.0K$15.0K

Business segments

Managed Services brought in 80% of the revenue TaoWeave, Inc. broke down this way in fiscal 2025.

  1. Managed Services$2.0M480%down 5% from 2024
  2. Collaboration Products$294.0K412%down 7% from 2024
  3. Digital Assets$186.0K48%
Business segments by year
Business segments20242025
Managed Services$2.1M$2.0M
Collaboration Products$316.0K$294.0K
Digital Assets$0$186.0K

Regions

Outside the United States brought in 53% of the revenue TaoWeave, Inc. broke down this way in fiscal 2025.

  1. Outside the United States$1.3M453%down 12% from 2024
  2. United States$1.1M447%up 25% from 2024
Regions by year
Regions20242025
Outside the United States$1.5M$1.3M
United States$913.0K$1.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development0¢$10.0K
  • Other costs100¢$2.4M
  • Income tax0¢$2.0K

Out of $2.4M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$2.4M in 2025−81% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $12.8M$12.8M20192020: $15.3M$15.3M2020+20%2021: $7.7M$7.7M2021−50%2022: $5.5M$5.5M2022−29%2023: $3.8M$3.8M2023−30%2024: $2.4M$2.4M2024−38%2025: $2.4M$2.4M2025+2%
Gross profit567894$1.0M in 2025−81% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $5.4M$5.4M20192020: $8.1M$8.1M2020+49%2021: $2.7M$2.7M2021−66%2022: $1.5M$1.5M2022−43%2023: $911.0K$911.0K2023−41%2024: $331.0K$331.0K2024−64%2025: $1.0M$1.0M2025+206%
Operating income567894-$3.0M in 2025−61% since 2019
-$30.0M-$20.0M-$10.0M02019: -$7.6M-$7.6M20192020: -$10.1M-$10.1M2020+33%2021: -$11.8M-$11.8M2021+17%2022: -$22.0M-$22.0M2022+86%2023: -$4.5M-$4.5M2023−80%2024: -$4.2M-$4.2M2024−7%2025: -$3.0M-$3.0M2025−30%
Net income567894-$6.4M in 2025−18% since 2019
-$30.0M-$20.0M-$10.0M02019: -$7.8M-$7.8M20192020: -$7.4M-$7.4M2020−4%2021: -$9.1M-$9.1M2021+22%2022: -$21.9M-$21.9M2022+142%2023: -$4.4M-$4.4M2023−80%2024: -$4.0M-$4.0M2024−8%2025: -$6.4M-$6.4M2025+57%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$2.4M$2.4M
Cost of revenue$1.4M$2.0M
Gross profit$1.0M$331.0K
Research and development$10.0K$155.0K
Sales and marketing$21.0K$181.0K
General and administrative$3.9M$4.2M
Total operating expenses$4.0M$4.5M
Loss from operations-$3.0M-$4.2M
Interest income, net$128.0K$169.0K
Unrealized Loss on Fair Value Remeasurement, fair value-$3.5M$0
Total interest and other (expense) income, net-$3.4M$169.0K
Loss before income taxes-$6.4M-$4.0M
Income tax expense$2.0K$10.0K
Net loss-$6.4M-$4.0M
Preferred stock dividends$32.0K$89.0K
Warrants, deemed dividend$0$9.0M
Net loss attributable to common stockholders-$6.4M-$13.1M
Basic and diluted net loss per share (in dollars per share)-$2.76-$15.71
Basic and diluted (in shares)2.3M shares834.2K shares

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Leadership

Who has led TaoWeave, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael Brandofino2006–2009
  2. David W. Robinson2009–2010
  3. Joseph Laezza2009–2012
  4. Peter Holst2013–now

President

  1. Michael Brandofino2007–2008
  2. Joseph Laezza2008–2012
  3. Peter Holst2013–now

Chief financial officer

  1. Edwin Heinen2006–2010
  2. John R. McGovern2011
  3. Tolga Sakman2012
  4. David C. Clark2013–2020

Chief operating officer

  1. Joseph Laezza2006–2009
2010201520202025
Board members and other officers (30)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorRobert Weinstein named Jun 20, 202550

Former names

  • Oblong, Inc.Mar 24, 2020 to Nov 19, 20252
  • GLOWPOINT, INC.Aug 9, 2011 to Mar 9, 20202
  • GLOWPOINT INCNov 12, 2003 to Aug 8, 20112
  • WIRE ONE TECHNOLOGIES INCSep 15, 2000 to Oct 23, 20032
  • WIRE ONE TECHNOLOGY INCJun 5, 2000 to Jun 5, 20002
  • VIEW TECH INCDec 9, 1996 to May 15, 20002

Timeline

  1. Jan 17, 2013New chief executive Peter Holst becomes CEO12
  2. Aug 13, 2009New chief executive David W. Robinson becomes CEO13
  3. Aug 13, 2009New chief executive Joseph Laezza becomes CEO14
  4. Jun 29, 2006New chief executive Michael Brandofino becomes CEO15

Filings

173 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 22 insider forms, 21 large holders, 2 private raises, 52 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Aug 7, 202610-Q EDGAR
  3. Jun 17, 20268-K EDGAR
  4. Jun 3, 20268-K EDGAR
  5. May 18, 20268-K EDGAR
  6. May 15, 202610-Q EDGAR
  7. Apr 10, 2026EFFECT EDGAR
  8. Apr 8, 2026CORRESP EDGAR
  9. Apr 7, 2026UPLOAD EDGAR
  10. Apr 2, 2026S-3 EDGAR
  11. Mar 20, 202610-K EDGAR
  12. Dec 19, 20258-K EDGAR
  13. Dec 11, 20258-K EDGAR
  14. Dec 8, 20258-K EDGAR
  15. Nov 19, 20254 EDGAR
  16. Nov 17, 20254 EDGAR
  17. Nov 17, 20254 EDGAR
  18. Nov 14, 2025SCHEDULE 13G/A EDGAR
  19. Nov 14, 2025SCHEDULE 13G/A EDGAR
  20. Nov 13, 20258-K EDGAR

The 173 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 6 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 19, 2025Holst PeterPresident and CEOBuy5,000$1.90$9.5KForm 4
Nov 14, 2025Holst PeterPresident and CEOBuy10,000$1.84$18.4KForm 4
Nov 14, 2025SCHECHTER JONATHANDirectorBuy10,000$1.91$19.1KForm 4
Sep 17, 2025SCHECHTER JONATHANDirectorBuy5,000$2.70$13.5KForm 4
Sep 16, 2025SCHECHTER JONATHANDirectorBuy10,000$2.73$27.3KForm 4
Sep 4, 2025ADELMAN JASON TDirectorBuy10,000$2.66$26.6KForm 4
Oct 24, 2023ADELMAN JASON TDirectorSale52,191$0.19$9.9KForm 4
Jun 16, 2023Meredith Deborah JeanDirectorSale7,373$1.42$10.5KForm 4
Jun 15, 2023Meredith Deborah JeanDirectorSale3,671$1.51$5.5KForm 4
Jun 14, 2023Meredith Deborah JeanDirectorSale6,556$1.65$10.8KForm 4
Jun 13, 2023Meredith Deborah JeanDirectorSale6,491$1.62$10.5KForm 4
Jun 12, 2023Meredith Deborah JeanDirectorSale300$1.64$492Form 4
Jun 6, 2023Meredith Deborah JeanDirectorSale10,000$1.62$16.2KForm 4
Jun 5, 2023ADELMAN JASON TDirectorSale3,867$1.61$6.2KForm 4
Jun 1, 2023Meredith Deborah JeanDirectorSale10,000$1.67$16.7KForm 4
Jun 1, 2023ADELMAN JASON TDirectorSale6,400$1.68$10.8KForm 4
May 31, 2023ADELMAN JASON TDirectorSale5,000$1.65$8.2KForm 4
May 30, 2023ADELMAN JASON TDirectorSale5,000$1.51$7.5KForm 4
May 26, 2023ADELMAN JASON TDirectorSale5,000$1.61$8.1KForm 4
May 25, 2023ADELMAN JASON TDirectorSale10,000$1.60$16.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 5, 2025Raised $7.5 million in a private offering of securities Form D: 12 investors so far Form D
  2. Mar 31, 2023Raised $6.4 million in a private offering of equity Form D: 18 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC41,990$57.9K0.0%New
Citadel Advisors LLC37,237$51.4K0.0%New
Geode Capital Management, LLC30,782$42.5K0.0%−61,205
Renaissance Technologies LLC21,400$29.5K0.0%−38,000
Vanguard Fiduciary Trust Co18,472$25.5K0.0%No change
Northern Trust Corp12,361$17.1K0.0%New
Vanguard Capital Management LLC10,822$14.9K0.0%No change
UBS Group AG4,479$6.2K0.0%+4,472
Tower Research Capital LLC (TRC)4,273$5.9K0.0%New
NewEdge Advisors, LLC50$710.0%No change
Virtu Financial LLC15,928$220.0%−9,714
Allworth Financial LP8$120.0%No change
Axiom Investment Management LLC2$20.0%No change
Wells Fargo & Company/mn1$10.0%No change
Stone House Investment Management, LLC1$10.0%No change
Farther Finance Advisors, LLC1$10.0%No change
Napier Financial, LLC1$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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