Aug 14, 2026 earnings call — Valour platform and product launches
Valor generated 22.8 million of net inflows in Q2, showing continued demand despite weak digital asset prices.
Revenue $0.0B (est $0.0B) · EPS $-0.03 (est $-0.01)
Key quotes
"The launch of our first hedge fund remains a key priority, With all obstacles now removed, we are, at days or at least, at worst, 1 or 2, from the actual launch."
"Over 40% of this quarter's inflows are directly attributed to our institutional events and outreach."
"It is our goal to keep operate cash operating costs, which is the general admin and the fees and commissions. Right? So excluding the noncash share based stuff, in the 36 to 39 million range."
Analyst Q&A 2
analyst rejoined the call
Q (Alan Klee · Maxim): The analyst said who he is and rejoined the call. He did not ask a question.
A: Management did not answer in this exchange. The call moved on until the analyst asked questions in the next exchange.
expenses target and yield assumption
Q (Alan Klee · Maxim): He asked if cash operating expenses could run below the $36 million to $39 million target, and whether to use a lower yield than 4.5% for breakeven AUM.
A: They said Q1 was a bit higher but they are running leaner now and hope to come in at the lower end of the $36 million to $39 million target. They are internally budgeting at 4.25 for the fall, noted yields are currently distressed, and explained Bitcoin dominance in down markets lowers average monetization until markets recover.
"We are still internally budgeting at 4.25, if you feel you want to use lower, it pushes the breakeven up, but you can see we are aggressive on the costs and trending on the low end as well." — Paul Sandor Bozoki (CFO)