Eightco Holdings Posts $76.14M Net Loss in Q1, Revenue Down 24% as Digital Asset Strategy Falters
ORBS is trading near its 52-week low of $0.745 (10% above the low).
Summary
Eightco Holdings Inc. reported a substantial net loss of $76.14 million for Q1 2026, a significant widening from a $2.55 million loss in Q1 2025. This severe decline was primarily driven by a $66.5 million fair-value loss on digital assets, a core component of the company's recently adopted digital asset treasury strategy. Additionally, revenue fell 23.7% year-over-year to $7.56 million, reflecting canceled agreements and reduced order volumes in its Forever 8 segment. This follows the company's 2025 net loss of $262 million, also heavily impacted by digital asset losses, indicating a recurring and material risk from its digital asset holdings. While the company recently reported an increase in treasury holdings to $340 million, this earnings report reveals the significant volatility and downside risk associated with its digital asset investments. Traders will closely monitor the performance of its digital asset portfolio and the effectiveness of its revised business operations.
At the time of this announcement, ORBS was trading at $0.82 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $308.1M. The 52-week trading range was $0.74 to $83.12. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.