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 profit recorded $6.91 million, and operating profit was $3.46 million. The value of Spark protocol's treasury increased by 5.7% compared to the previous quarter, reaching $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 revenue sources at the protocol level is a significant advancement."
