$ORBS

Eightco Holdings Inc.

CIK:0001892492|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues, net	$ 2,068,430	$ 7,578,646	$ 9,630,395	$ 17,492,633
Cost of revenues	1,968,184	6,333,350	9,314,888	15,434,078
Gross profit	100,246	1,245,296	315,507	2,058,555
Operating expenses:
Selling, general and administrative expenses	6,698,406	2,451,832	17,426,952	4,681,257
Impairments	5,211,824		5,211,824
Total operating expenses	11,910,230	2,451,832	22,638,776	4,681,257
Operating loss	(11,809,984)	(1,206,536)	(22,323,269)	(2,622,702)
Non-operating income (expense):
Interest expense, net	(352,582)	(1,276,726)	(629,300)	(2,565,530)
Gain on divestiture		1,231,774		1,231,774
Change in fair value of digital assets	29,324,737		(37,177,137)
Change in fair value of short-term investments	17,647		23,666
Gain on extinguishment of liabilities			870,000
Other income	521,307	81,969	801,261	103,867
Total non-operating income (expense)	29,511,109	37,017	(36,111,510)	(1,229,889)
Net income (loss) before income tax expense	17,701,125	(1,169,519)	(58,434,779)	(3,852,591)
Income tax expense (benefit)				(28,793)
Net income (loss) from continuing operations	17,701,125	(1,169,519)	(58,434,779)	(3,823,798)
Net income from discontinued operations				105,553
Net income (loss)	17,701,125	(1,169,519)	(58,434,779)	(3,718,245)
Net loss attributable to non-controlling interest
Net income (loss) attributable to Eightco Holdings, Inc.	$ 17,701,125	$ (1,169,519)	$ (58,434,779)	$ (3,718,245)
Net income (loss) per share:
Net income (loss) per share – basic	$ 0.04	$ (0.38)	$ (0.18)	$ (1.38)
Net income (loss) per share – diluted	$ 0.04	$ (0.38)	$ (0.18)	$ (1.38)
Weighted average number of common shares outstanding – basic	398,909,876	3,044,744	320,180,003	2,691,487
Weighted average number of common shares outstanding – diluted	398,909,876	3,044,744	320,180,003	2,691,487

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (58,434,779)	$ (3,718,245)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization – continuing operations	5,061	1,187,373
Impairment	5,211,824
Amortization of debt issuance costs		500,000
Amortization of prepaid share-based compensation		34,000
Share-based compensation	5,498,007	143,201
Change in fair value of digital assets	37,177,137
Allowance for credit losses	1,836,366
Gain on sale of assets		(1,231,774)
Gain on disposal of short-term investments	(231,501)
Changes in assets and liabilities:
Accounts receivable	(1,503,807)	504,904
Inventory	1,920,098	2,094,868
Prepaid expenses and other current assets	1,115,775	216,853
Accounts payable	(1,080,351)	164,011
Accrued expenses and other current liabilities	(1,211,595)	574,478
Discontinued operations		(129,055)
Net cash (used in) provided by operating activities	(9,697,765)	340,614
Cash flows from investing activities:
Purchases of property and equipment – continuing operations		(2,208)
Purchases of digital assets	(89,286,578)
Purchases of short-term investments	(363,627,127)
Purchase of other investments	(110,599,952)
Proceeds from sale of short-term investments	312,930,999
Repayment of principal under loans held-for-investment	76,258	136,622
Proceeds from sale of assets of Ferguson Containers, Inc.		307,835
Purchases of property and equipment – discontinued operations		(44,490)
Net cash (used in) provided by investing activities	(250,506,400)	397,759
Cash flows from financing activities:
Net proceeds from issuance of common stock	215,971,540
Prepayment for share repurchase option	(1,000,000)
Net (repayments) borrowings under line of credit	(2,265,000)	5,000
Repayments under convertible notes payable – related parties		(286,308)
Net cash provided by (used in) financing activities	212,706,540	(281,308)
Net (decrease) increase in cash and cash equivalents	(47,497,625)	457,065
Cash and cash equivalents, beginning of the period	58,501,108	239,187
Cash and cash equivalents, end of the period	11,003,483	696,252
Supplemental disclosure of cash flow information:
Cash paid for interest	551,287	795,182
Cash paid for income taxes

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 11,003,483	$ 58,501,108
Short-term investments	50,927,699
Digital assets, at fair value	228,011,086	175,901,645
Accounts receivable, net	101,264	433,823
Inventory, net	502,115	7,812,215
Prepaid expenses and other current assets	908,362	2,024,137
Total current assets	291,454,009	244,672,928
Property and equipment, net		5,172
Other investments	111,599,951	999,999
Loan held-for-investment	4,438,808	4,515,025
Total assets	407,492,768	250,193,124
Current liabilities:
Total current liabilities	13,418,142	17,975,088
Total liabilities	13,418,142	17,975,088
Stockholders’ equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized and 0 shares outstanding at June 30, 2026 and December 31, 2025, respectively
Common stock, $0.001 par value, 10,000,000,000 and 500,000,000 shares authorized and 429,777,400 and 205,629,592 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	429,777	205,630
Additional paid-in capital	826,275,452	606,030,052
Accumulated deficit	(433,017,888)	(374,583,109)
Foreign currency translation	801,799	979,977
Total stockholders’ equity attributable to Eightco Holdings Inc.	394,489,140	232,632,550
Non-controlling interest	(414,514)	(414,514)
Total stockholders’ equity	394,074,626	232,218,036
Total liabilities and stockholders’ equity	407,492,768	250,193,124
Nonrelated Party [Member]
Current liabilities:
Accounts payable	2,179,608	3,435,598
Accrued expenses and other current liabilities	1,462,330	2,674,228
Line of credit	8,075,000	8,150,000
Related Party [Member]
Current liabilities:
Accounts payable	279,132	103,493
Accrued expenses and other current liabilities	1,022,072	1,021,769
Line of credit	$ 400,000	$ 2,590,000