AI Financial Corporation, a Nasdaq-listed fintech firm holding World Liberty Financial tokens, has warned it may not survive the next 12 months. The company posted a net loss of $271 million in the first quarter of 2026, driven largely by a massive write-down on its 7.3 billion WLFI tokens.
AI Financial cannot sell those tokens due to strict lock-up provisions. Management called the stash its primary lifeline but warned there is no guarantee the assets can be monetized at current values. The company, formerly ALT5 Sigma, bought the tokens at roughly $0.20 each. By March, WLFI was trading around $0.097, and has since fallen to near $0.06.
The company reported a working capital deficit of $5.5 million and total assets of about $960 million, down from $1.2 billion. Excluding the crypto write-down, its fintech segment generated $4.7 million in revenue, with gross profit improving to $3.6 million. Operating losses widened to $2.7 million.