Quarterly ResultMay 15, 2026, 04:52 PM
Eightco Q1 Net Loss $(76.1M); Revenue $7.56M
AI Summary
Eightco Holdings Inc. reported a substantial net loss of $(76.1) million for the first quarter of 2026, a significant increase from a net loss of $(2.5) million in the same period last year. The company's revenue also declined to $7.56 million from $9.91 million year-over-year. A major factor contributing to the increased loss was a $(66.5) million change in the fair value of digital assets. The company continues to focus on its Forever 8 inventory funding business while pursuing a Digital Asset Treasury Strategy and strategic investments in frontier technology.
Key Highlights
- Net loss for Q1 2026 was $(76.1) million, significantly wider than $(2.5) million in Q1 2025.
- Revenue for Q1 2026 decreased to $7.56 million from $9.91 million in Q1 2025.
- Operating loss for Q1 2026 was $(10.5) million, compared to $(1.4) million in Q1 2025.
- Change in fair value of digital assets resulted in a $(66.5) million loss in Q1 2026.
- Cash and cash equivalents declined to $7.55 million at March 31, 2026, from $58.50 million at Dec 31, 2025.
- Total assets increased to $340.63 million at March 31, 2026, from $250.19 million at Dec 31, 2025.
- Net cash used in investing activities was $(209.0) million for Q1 2026.
- Net proceeds from common stock issuance were $165.36 million in Q1 2026.
Price Impact
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