Q1 FY2026 EarningsQ2 FY2026 results missed consensus estimates across key profitability metrics primarily due to one-time costs associated with the transition to an external management structure. Total investment income was $0.30M vs. $0.49M expected (-38.90%), while GAAP Net Loss of $18.7M significantly missed the $3.87M loss expectation. Despite the earnings miss, Net Asset Value (NAV) per share remains robust at $13.44, supported by the fair value of AI-focused private investments like Whoop and OpenAI (via ARK).