Onfolio Holdings Inc. (NASDAQ: ONFO) shares fell 26.58% to $1.74 in after-hours trading after the company reported second-quarter 2026 revenue of $1.50 million, down from $3.15 million a year earlier. Consolidated net loss was $4.60 million, while net loss attributable to Onfolio Holdings Inc. widened to $4.54 million from $569,604, and loss per common share increased to $35.57 from $6.49. The release's financial highlights separately described net loss as $1.65 million, creating a discrepancy with the accompanying consolidated statements. Onfolio said revenue was hurt by slower new sales at Eastern Standard and reduced advertising spending at Proofread Anywhere, while its gross margin declined as the mix shifted toward lower-margin business-to-business services. The company completed a 1-for-50 reverse stock split on Aug. 10 to address Nasdaq's $1 minimum bid-price requirement and said its senior secured convertible noteholder converted the entire $6 million principal balance into equity after quarter-end. Onfolio also terminated its letter of intent with Paramount Helium LLC in July, launched AI products SharePulse and Parlance, and reported approximately $1.33 million in digital assets at June 30. Management said the portfolio still lacks the scale for consolidated profitability, substantial doubt remains about the company's ability to continue as a going concern, and priorities are to reduce parent-company costs, restore cash flow and pursue acquisitions that are accretive from day one.