House of Doge Inc. (HODO) earns $4M yet warns on going concern risk

House of Doge Inc. (HODO) reported a net income of $3.98 million for the three months ended June 30, 2026, primarily due to a $9.82 million fair value gain on investments. Despite this profit and an increase in total assets to $32.46 million, the company faces significant liquidity challenges, including a $16.4 million working capital deficit and $19.87 million in current liabilities, leading management to express substantial doubt about its ability to continue as a going concern. HODO is implementing plans such as seeking additional financing and monetizing investments, but these efforts do not fully alleviate the going concern risk.