Quarterly ResultAug 7, 2026, 05:07 PM
Eightco Q2 Net Income $17.7M; YTD Loss $58.4M; Digital Assets Up
AI Summary
Eightco Holdings Inc. reported a net income of $17.7 million for Q2 2026, a significant improvement from a net loss of $1.17 million in Q2 2025, primarily driven by a $29.3 million gain in the fair value of digital assets. However, year-to-date 2026 saw a net loss of $58.4 million, compared to a $3.72 million loss in the prior year, largely due to a $37.2 million year-to-date loss from digital asset fair value changes. The company's revenues decreased significantly, but it raised $215.97 million through an At-The-Market equity offering and holds substantial digital assets and liquidity.
Key Highlights
- Q2 2026 net income was $17.7 million, up from a $1.17 million net loss in Q2 2025.
- YTD 2026 net loss was $58.4 million, compared to a $3.72 million net loss in YTD 2025.
- Q2 2026 revenues decreased to $2.07 million from $7.58 million in Q2 2025.
- Digital assets at fair value increased to $228.01 million as of June 30, 2026.
- Raised $215.97 million in net proceeds from common stock issuance YTD 2026.
- Total assets grew to $407.49 million as of June 30, 2026, from $250.19 million.
- Management concluded no substantial doubt about going concern for next 12 months.
Price Impact
More from ORBS