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ORBS

Eightco Holdings Inc.

ORBS

Eightco Holdings Inc. • NASDAQ
$2.62 ▲ 5.22% (+0.13)
Market Cap $518.13 M
52w High $83.12
52w Low $0.98
Dividend Yield 0%
P/E -0.76
Volume 2.26M
Outstanding Shares 197.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.301M ▼ $25.648M ▲ $-25.844M ▼ -487.578% ▼ $-0.58 ▼ $-24.172M ▼
Q2-2025 $7.579M ▼ $2.452M ▲ $-1.17M ▲ -15.432% ▲ $-0.38 ▲ $-631.827K ▲
Q1-2025 $9.914M ▼ $2.229M ▲ $-2.549M ▼ -25.708% ▼ $-0.84 ▼ $-781.604K ▼
Q4-2024 $15.312M ▲ $2.113M ▼ $-2.504M ▲ -16.353% ▲ $0 ▲ $11.002M ▲
Q3-2024 $7.672M $3.723M $-3.177M -41.413% $-1.77 $-1.064M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $23.712M ▲ $355.528M ▲ $16.774M ▼ $338.754M ▲
Q2-2025 $696.252K ▲ $48.676M ▲ $40.182M ▲ $8.909M ▼
Q1-2025 $434.427K ▲ $47.634M ▼ $38.338M ▼ $9.71M ▼
Q4-2024 $239.187K ▼ $50.848M ▲ $39.332M ▲ $11.93M ▼
Q3-2024 $2.406M $49.24M $36.605M $13.05M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-25.844M ▼ $-1.62M ▼ $-305.263M ▼ $329.9M ▲ $23.016M ▲ $-1.62M ▼
Q2-2025 $-1.17M ▲ $-659.21K ▼ $442.406K ▲ $478.629K ▲ $261.825K ▲ $-661.261K ▼
Q1-2025 $-2.549M ▼ $999.824K ▲ $-44.647K ▼ $-759.937K ▼ $195.24K ▲ $999.667K ▲
Q4-2024 $-2.504M ▲ $-5.551M ▼ $-22.413K ▲ $3.406M ▲ $-2.167M ▼ $-5.504M ▼
Q3-2024 $-3.177M $77.701K $-41.804K $2.007M $2.043M $35.897K

Revenue by Products

Product Q1-2025
Corrugated Packaging
Corrugated Packaging
 $0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue is still very small and has only recently begun to grow, which fits an early-stage, pivoting tech company. Gross profit is positive but thin, showing the business model is starting to work but with little room for error. Operating results have moved from clear losses toward roughly break-even at the operating line, and reported net income has bounced around sharply, suggesting one‑off items and a business still finding its footing. Overall, the income statement shows a company in transition: modest traction, improving trends, but profitability that is not yet stable or proven.

Balance Sheet

Balance Sheet The balance sheet is light, with a small asset base and only a modest cash cushion. Debt is meaningful relative to the company’s size, which adds financial risk if growth or funding do not materialize as planned. Equity is thin, reflecting limited accumulated capital and past losses. This structure can work for a nimble, high-upside technology play, but it leaves less room to absorb setbacks, making access to outside capital and careful cost control important ongoing considerations.

Cash Flow

Cash Flow Core operations are still consuming cash rather than generating it, which is typical for an early-stage company but still a key risk. Free cash flow is negative, and the company is not yet self-funding; it depends on financing or asset sales to cover its cash burn. On the positive side, capital spending is minimal, so cash use is mostly tied to operating costs rather than heavy long‑term investments, which gives management some flexibility to adjust spending if conditions change.

Competitive Edge

Competitive Edge Eightco is trying to carve out a niche as a specialist in “Proof of Human” verification, rather than being just another generic identity checker. Its early move into AI-resistant verification, combined with links to Worldcoin and pilots with large crypto exchanges like Coinbase and Kraken, gives it a credible story and some initial validation. However, it competes in a crowded identity and security space with well-funded incumbents, and it is highly exposed to the success of the Worldcoin ecosystem and broader regulatory and privacy debates around biometrics. The competitive position is differentiated and interesting, but still unproven and dependent on scaling its partnerships into real, recurring usage.

Innovation and R&D

Innovation and R&D The company’s pivot to the INFINITY platform and “Proof of Human” verification is its main innovation engine. It is focusing on verifying that a user is a real, unique human through AI-resistant methods, including hardware-based iris scanning via Worldcoin’s Orb technology. This is a forward-looking approach in a world of deepfakes and bots, and the company is exploring applications across finance, gaming, e‑commerce, energy, and healthcare. Strategic investments (for example, in Worldcoin and Web3 gaming) show a willingness to experiment at the edge of new markets. The flip side is high execution risk: success depends on broad adoption of these new standards, strong privacy safeguards, and the ability to turn pilots into scalable, repeatable products.

Summary

Eightco (ORBS) is an early-stage, high‑change company that has pivoted from e‑commerce solutions to a focused bet on AI‑resistant digital identity and “Proof of Human” verification. Financially, it remains small, with improving but still fragile profitability, a thin balance sheet, and ongoing cash burn from operations. Strategically, it has a bold, differentiated vision supported by notable partnerships and ecosystem bets, particularly around Worldcoin and the INFINITY platform. The company’s future will largely hinge on whether it can convert this vision and early alliances into durable, recurring revenue before its limited financial resources become a constraint, and on how the regulatory and commercial landscape for biometric and AI‑era identity verification evolves.

NEWS

November 24, 2025 · 8:30 AM UTC

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November 18, 2025 · 8:30 AM UTC

Eightco (NASDAQ: ORBS) Releases Monthly Chairman's Message

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November 17, 2025 · 8:45 AM UTC

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November 10, 2025 · 8:30 AM UTC

BitMine Immersion (BMNR) Announces ETH Holdings Reaching 3.5 Million Tokens and Total Crypto and Cash Holdings of $13.2 Billion

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November 3, 2025 · 8:30 AM UTC

Eightco (NASDAQ: ORBS) Expands INFINITY Pilot Program, Welcomes Coinbase (NASDAQ: COIN) to Strengthen Human Verification for the AI Economy

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