DeFi lending protocol Spark (SPK) announced its Q1 2026 financial report via its official X account. According to the report, Spark's Q1 protocol total revenue was approximately $31.5 million, a 31% decrease compared to the previous quarter. Net income was $6.91 million, and operating profit was $3.46 million. The treasury value of the Spark protocol increased by 5.7% from the previous quarter to $46.1 million, and approximately $986,000 worth of SPK was bought back during Q1 through a new buyback program. In this regard, Spark stated, "Q1 ended with a surplus. In particular, the diversification and resilience of the protocol's revenue streams are significant progress."
