Wu said that Spark released its Q1 2026 financial report, showing total protocol revenue of approximately $31.5 million, net income of about $6.91 million, net profit of around $3.46 million, protocol treasury size of approximately $46.1 million, and about $986k worth of SPK buybacks completed; the report indicates that as lending spread narrows and savings demand increases, distribution has for the first time surpassed Spark Liquidity Layer (SLL) as the main source of revenue.