ORBS

MKT CAP:$179M

Eightco Holdings Inc.

Market Cap

$179M

Technology·Technology Distributors·🇺🇸 United States·NASDAQ

Technology·Technology·🇺🇸·NASDAQ

Stock Price

$0.94-$0.88 (-48.27%)

Apr 24, 2026

Company Details

Eightco Holdings Inc. provides inventory management and corrugated custom packaging solutions in North America and Europe. Recently, the company shifted its focus towards implementing the Worldcoin treasury strategy, aiming to advance the A...

CEO

Kevin J. O'Donnell

IPO Date

Sep 11, 2025

Website

www.8co.holdings

Key Metrics TTM

Revenue

$38M

— YoY

Net Income

-$32M

EPS (Diluted)

-$2.80

Free Cash Flow

-$7M

Revenue / Share

$0.85

Gross Margin

5.6%

Operating Margin

-79.5%

Net Margin

-84.2%

FCF Margin

-17.8%

P/S

4.7x

P/E

—

Earnings Reports

Q3 2025

Nov 14, 2025

$5M-30.9%EPS -$0.58

Q2 2025

Aug 19, 2025

$8M+43.4%EPS -$0.38

Q1 2025

May 15, 2025

$10MEPS -$0.84

FY 2024

Apr 15, 2025

$40M-41.4%EPS $0.36

Q4 2024

Apr 15, 2025

$15M-1.4%EPS -$1.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 23	$16M	$1M	-$1M
Q2 24	$5M	$1M	-$868.2K
Q3 24	$8M	$2M	-$2M
Q4 24	$15M	$271.6K	-$2M
Q1 25	$10M	$813.3K	-$1M
Q2 25	$8M	$1M	-$1M
Q3 25	$5M	-$195.8K	-$26M

Valuation

Quarter	P/S	P/E
Q4 23	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	3.1x	—
Q1 25	3.6x	—
Q2 25	3.4x	—
Q3 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	$298.9K	$298.9K
Q2 24	-$440.3K	-$446.2K
Q3 24	$77.7K	$35.9K
Q4 24	-$6M	-$6M
Q1 25	$999.8K	$999.7K
Q2 25	-$659.2K	-$661.3K
Q3 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q4 23	$13
Q2 24	$5.9K
Q3 24	$41.8K
Q4 24	$46.9K
Q1 25	$157
Q2 25	$2.1K
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	-36.1%	-32.1%
Q2 25	+43.4%	+42.8%
Q3 25	-30.9%	+233.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	$0	0.0%
Q2 24	$206.1K	3.9%
Q3 24	$128.5K	1.7%
Q4 24	$94.3K	0.6%
Q1 25	$0	0.0%
Q2 25	$177.2K	2.3%
Q3 25	-$143.2K	-2.7%

OpEx Breakdown

Quarter	SG&A
Q4 23	$3M
Q2 24	$2M
Q3 24	$4M
Q4 24	$2M
Q1 25	$2M
Q2 25	$2M
Q3 25	$6M

Revenue by Geography

Quarter	Europe	North America
Q3 24	$5M	$3M
Q2 25	$7M	$926.1K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$5M	$0	$5M
Q1 24	$808.8K	$0	$808.8K
Q2 24	$363.1K	$0	$363.1K
Q3 24	$2M	$0	$2M
Q4 24	$239.2K	$0	$239.2K
Q1 25	$434.4K	$0	$434.4K
Q2 25	$696.3K	$0	$696.3K
Q3 25	$24M	$0	$24M
Q4 25	$59M	$0	$59M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 23	941K	—	—
Q2 24	2M	+120.3%	—
Q3 24	2M	-13.2%	—
Q4 24	3M	+39.7%	—
Q1 25	3M	+21.2%	+223.5%
Q2 25	3M	0.0%	+46.9%
Q3 25	45M	+1369.1%	+2385.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 23	$705.7K	22
Q2 24	$240.2K	22
Q3 24	$348.7K	22
Q4 24	$665.7K	23
Q1 25	$431.0K	23
Q2 25	$329.5K	23
Q3 25	$230.5K	23

Revenue / Employee