Spark has announced its Q1 2026 financial results, revealing total protocol returns of $31.5 million. The net protocol returns amounted to $6.91 million, with a net protocol surplus of $3.46 million. The Spark Protocol treasury currently holds $46.1 million, and $986,000 worth of SPK tokens have been repurchased. Notably, distributions have overtaken Spark's liquidity layer as the main contributor to returns, driven by narrowing lending-savings spreads and increased savings demand.