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STEX

Streamex Corp.

STEX

Streamex Corp. • NASDAQ
$4.50 ▲ 2.16% (+0.10)
Market Cap $177.93 M
52w High $14.11
52w Low $0.40
Dividend Yield 0%
P/E -3.1
Volume 178.21K
Outstanding Shares 39.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $4.625M ▼ $-15.584M ▲ 0% $-0.47 ▲ $-14.851M ▲
Q2-2025 $0 $19.811M ▲ $-20.372M ▼ 0% $-0.74 ▼ $-19.814M ▼
Q1-2025 $0 ▼ $2.984M ▲ $-2.812M ▼ 0% ▲ $-0.14 ▼ $-2.779M ▲
Q4-2024 $13K ▲ $1.196M ▼ $-1.099M ▲ -8.454K% ▼ $-0.064 ▲ $-3.347M ▼
Q3-2024 $0 $2.95M $-1.914M 0% $-0.12 $-2.919M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $11.045M ▲ $130.514M ▲ $137.335M ▲ $-6.854M ▼
Q2-2025 $2.82M ▼ $109.721M ▲ $113.2M ▲ $-3.512M ▼
Q1-2025 $3.727M ▲ $4.418M ▲ $1.679M ▼ $2.71M ▲
Q4-2024 $155K ▼ $842K ▼ $2.264M ▲ $-1.439M ▼
Q3-2024 $654K $1.418M $1.701M $-300K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-15.584M ▲ $-5.023M ▼ $-145K ▼ $13.396M ▲ $8.225M ▲ $-5.023M ▼
Q2-2025 $-20.372M ▼ $-1.278M ▼ $366K ▲ $0 ▼ $-907K ▼ $-1.278M ▼
Q1-2025 $-2.8M ▼ $-1.115M ▼ $0 $4.7M ▲ $3.585M ▲ $-1.115M ▼
Q4-2024 $-1.099M ▲ $-474K ▲ $0 $1K ▼ $-473K ▼ $-474K ▲
Q2-2024 $-3.911M $-1.481M $0 $3.169M $1.688M $-1.481M

Five-Year Company Overview

Income Statement

Income Statement Streamex is still in the “building” phase rather than the “earning” phase. The past several years show essentially no revenue and steady losses from operations. That is typical for an early-stage, infrastructure-heavy financial technology story, but it also means the business model is still unproven in real economic terms. The per-share loss has been shrinking over time, which hints at some progress in containing costs or reshaping the capital structure, but the core picture remains: this is a pre-revenue, loss-making company that must successfully launch and scale GLDY and related products before its income statement can turn into something more sustainable.

Balance Sheet

Balance Sheet The available data does not show clear details on cash, debt, or total assets, which makes it hard to judge financial strength or weakness from the balance sheet alone. Given the recent reverse merger and rebranding, the balance sheet is likely in transition, with legacy items from the prior business and new capital to fund the tokenization strategy. The key unknowns are: how much cash is actually on hand, how reliant the company is on new fundraising, and whether there is any meaningful debt load. Until those pieces are clearer, it is safest to think of Streamex as balance-sheet opaque and capital-dependent.

Cash Flow

Cash Flow There is no usable disclosure on cash flows yet, but the pattern of no revenue and continuing losses strongly suggests cash is being consumed rather than generated. For a company like this, cash flow will likely come from equity raises, token-related financing, or strategic partners rather than from operations in the near term. The central cash-flow risk is runway: how long existing resources can support platform development, regulatory work, and business development before additional funding is needed, and on what terms that funding might come.

Competitive Edge

Competitive Edge Streamex is trying to carve out a niche at the intersection of gold, yield, and institutional-grade digital assets. Its position rests on several pillars: a yield-bearing gold token (GLDY), a gold-leasing partner that turns idle gold into an income-producing asset, a focus on institutional infrastructure, and strong blockchain partners for transparency and cross-chain movement. If executed well, this combination could be differentiated versus simple gold tokens or generic stablecoins. However, the company faces intense competition from established crypto platforms, traditional gold products, and other tokenization projects, as well as regulatory and trust hurdles that are especially high when targeting institutions. Its moat is promising on paper but still needs to be proven in the market.

Innovation and R&D

Innovation and R&D Innovation is the clear strength here. Streamex is not just digitizing gold; it is trying to make gold a productive, yield-generating asset using blockchain, gold leasing, and on-chain transparency tools. Building on Solana and integrating Chainlink’s proof-of-reserve and cross-chain technology shows a focus on speed, low costs, and verifiable backing. The roadmap—expansion into other tokenized real-world assets, possible development of its own trading venue, and integration with traditional ETFs—suggests an aggressive R&D and product build-out, more in software and financial engineering than in physical R&D. The main question is less about ideas and more about practical execution, regulation, and adoption by conservative institutional users.

Summary

Streamex is an early-stage, pre-revenue financial technology player aiming to bridge gold and digital assets through a yield-bearing gold token tailored to institutions. Financially, it is still in investment mode, with losses and unknowns around cash, debt, and runway. Strategically, it has an ambitious and differentiated plan supported by notable partnerships and infrastructure choices, which could give it a real edge if it gains traction. At the same time, it operates in a crowded, rapidly evolving, and heavily scrutinized space where trust, regulation, and flawless execution matter as much as technology. Overall, this looks like a high-innovation, high-uncertainty story where the key determinant of future value will be whether GLDY and the broader tokenization platform can move from concept to scaled, revenue-generating adoption.

NEWS

November 18, 2025 · 8:09 AM UTC

Streamex Corp. (NASDAQ: STEX) Announces Appointment of Kevin Gopaul, Global Financial Executive and ETF Pioneer to Its Board of Directors

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October 30, 2025 · 5:48 PM UTC

Streamex Corp. (NASDAQ: STEX) Announces Nasdaq Approval for Continued Listing on Nasdaq Capital Market & Shareholder Meeting on November 4, 2025

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October 8, 2025 · 8:00 AM UTC

Streamex Corp. (NASDAQ: STEX) to Participate in the 28th Annual Needham Growth Conference

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September 29, 2025 · 8:30 AM UTC

Streamex Corp. to Participate in the Clear Street Disruptive Technology Conference on November 19-20, 2025

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September 17, 2025 · 7:01 PM UTC

Streamex Corp., NASDAQ: STEX & Simplify Asset Management $10 billion USD AUM ETF Manager Announces Letter of Intent Pursuing a Strategic Partnership to Drive ETF Innovation through Integration of Tokenized Gold Yield Assets and Tokenization of Existing ET

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