Cash and cash equivalents were USD 11 million at June 30, with digital assets at fair value of USD 228.01 million and short-term investments of USD 50.93 million.
Quarterly results swing to profit as digital asset gains boost income
Eightco posted net income of USD 17.7 million for the quarter ended June 30, 2026, swinging from a year-earlier net loss.
Revenue fell 72.7% to USD 2.07 million from a year earlier, as orders from its largest customer dropped amid a deterioration in that customer’s finances.
Operating loss widened to USD 11.81 million as SG&A more than doubled to USD 6.7 million on bad-debt expense and higher costs tied to capital raising and its digital-asset strategy.
Results included a USD 29.32 million gain from changes in the fair value of digital assets, reflecting a recovery in Worldcoin and Ethereum prices.
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