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Eightco Holdings (ORBS) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 7, 2026 · Eightco Holdings (ORBS) Q2 2026 earnings results →

Q2 2026 Revenue down 73% year over year to $2.1M · 856¢ of every $1 of revenue kept as net profit · operating margin -571.0%

Eightco Holdings made $2.1M in Q2 2026 (-73% Y/Y). Operating margin -571.0%, net earnings $17.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 7, 2026.

Revenue$2.1M
Year over year-73%
Operating margin-571.0%
Net earnings$17.7M
Operating cash flow−$5.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $2.1M in Q2 2026, down 73% year over year and down 73% from the previous quarter.

Gross margin was 4.8%, down 11.6 points from Q2 2025. Operating costs exceeded revenue by $11.8M, an operating margin of -571.0%. Operating expenses grew 386% against a revenue fall of 73%. Net earnings were $17.7M. The effective tax rate was 0.0%. Non-operating items added $29.5M, 167% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$5.0M. Non-cash charges added back $357K of share-based compensation. Working capital and other items used $23.1M.

Quarterly history

Eightco Holdings revenue by quarterEightco Holdings revenue by quarter$15.3MQ4 2024$9.9MQ1 2025$7.6MQ2 2025$5.3MQ3 2025$10.2MQ4 2025$7.6MQ1 2026$2.1MQ2 2026
Eightco Holdings net earnings by quarterEightco Holdings net earnings by quarter−$2.5MQ4 2024−$2.5MQ1 2025−$1.2MQ2 2025−$25.8MQ3 2025−$232MQ4 2025−$76.1MQ1 2026$17.7MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 7, 2026$2.1M-73%-571.0%$17.7M−$5.0M
Q1 202610-QMay 15, 2026$7.6M-24%-139.0%−$76.1M−$4.7M
Q4 202510-KApr 15, 2026$10.2M-50%-475.0%−$232M−$9.7M
Q3 202510-QNov 14, 2025$5.3M-12%-116.9%−$25.8M−$1.6M
Q2 202510-QAug 19, 2025$7.6M+43%-15.9%−$1.2M−$659K
Q1 202510-QMay 15, 2025$9.9M+3%-14.3%−$2.5M$1.0M
Q4 202410-KApr 15, 2025$15.3M-1%-12.0%−$2.5M−$5.6M

Charts

Eightco Holdings: revenue growth, year over year and quarter over quarterEightco Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q4 2024+3%-35%Q1 2025+43%-24%Q2 2025-12%-30%Q3 2025-50%+92%Q4 2025-24%-26%Q1 2026-73%-73%Q2 2026
Latest (Q2 2026): Y/Y -73%, Q/Q -73%.
Eightco Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Eightco Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$661MOther investing−$630MOperating cash flow−$21.0MCash drawn (+) / kept (−)−$10.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Eightco Holdings: profit against cash, quarter by quarterEightco Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.2M$78KQ3 2024−$2.5M−$5.6MQ4 2024−$2.5M$1.0MQ1 2025−$1.2M−$659KQ2 2025−$25.8M−$1.6MQ3 2025−$232M−$9.7MQ4 2025−$76.1M−$4.7MQ1 2026$17.7M−$5.0MQ2 2026
Latest (Q2 2026): Net income $17.7M, Operating cash flow −$5.0M.
Eightco Holdings: diluted shares by fiscal year (split-adjusted)Eightco Holdings: diluted shares by fiscal year (split-adjusted)3MFY20223MFY20232MFY202463MFY2025
+1919.9% since FY2022: more shares outstanding (issuance, stock pay); earlier years scaled for the 10-for-1 split before FY2023.
Eightco Holdings in its industry: growth against margin (84 companies, SIC 6199)Eightco Holdings in its industry: growth against margin (84 companies, SIC 6199)revenue growth, year over year →↑ operating marginmedian +17%median -17%AXPBTGOGeneral Motors Financial Company, Inc.SOFICOINCRCLCHYMGDOTBKKTRHLDPGYUPSTLDIWDPWPOPRTCORZIRENDAVERIOTMARABURCPSSMSTRVELOPFIWLTHCLSKSNFCAHIVEWULFProsper Marketplace, IncHUTABTCMFINGPGIIONDBMNRBCGGEMIStartEngine Inc.NAKABTBTWYFIKEELCIFREXODGHIMGTESLNHTONXZSTKSBETFWDIMGLDBGDEDGXXATCHFLDVIPDFDVAGPUUPXIDRKAVXHSDTBTCSPWCMSHFSOPNWTRONMVNCMinistry Partners Investment Company, LLCPAPLMWAIBNBXCDSUIGFGCEMPDTAOXGSMTHSCSORBS (-73%, -100%)
Finance Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Eightco Holdings

Eightco Holdings Inc. (NASDAQ: ORBS) is building the authentication and trust layer for the post-AGI world. Through a first-of-its-kind Worldcoin digital asset treasury strategy and a portfolio of strategic investments in frontier technology companies, the Company is establishing a universal foundation for digital identity and Proof of Human (PoH) verification. The Company’s mission is organized around three core pillars: consumer authentication, enterprise authentication, and gaming authentication. The Company also operates Forever 8, an e-commerce inventory solutions business acquired in October 2022, which represents its sole revenue-generating operating segment.

In its own words, from its 10-K, filed Apr 15, 2026.

Eightco Holdings against its Finance Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -73% against the peers' median +17%. Operating margin: -571.0% against the peers' median 5.1%.

CompanyQuarterRevenueY/YOp. margin
ORBS Eightco HoldingsQ2 2026$2.1M-73%-571.0%
AXP American ExpressQ3 2026$20.1B+9%22.6%
BTGO Bitgo HoldingsQ2 FY27$4.3B+80%-0.4%
General Motors Financial CompanyQ3 2026$4.3B-0.6%15.3%
SOFI SoFi TechnologiesQ3 2026$1.4B+44%22.9%
COIN Coinbase GlobalQ3 2026$1.2B-35%5.1%
CRCL Circle Internet GroupQ3 2026$865M+17%24.1%
CHYM Chime FinancialQ3 2026$718M+32%4.8%
GDOT Green DOTQ2 2026$596M+18%-0.1%

Source: Eightco Holdings 10-Q on SEC EDGAR · CIK 1892492 · Finance Services

13F: who owns ORBS and who is buying

Largest holders of ORBS (13F)Largest holders of ORBS (13F)Franklin Resources$16.6MMozayyx Management LLC$11.4MFMR LLC$9.8MAlyeska Investment Group, L.P.$9.6MPantera Capital Partners LP$7.8MVanguard Group$4.8MRenaissance Technologies LLC$4.0MBlackRock$4.0MBIT Capital GmbH$3.6MGeode Capital Management, LLC$2.8M
Funds' net buying of ORBS by quarter (13F)Funds' net buying of ORBS by quarter (13F)$45K2024-09$1K2024-12$9K2025-03$61K2025-06$363M2025-09−$122M2025-12−$58.7M2026-03−$14.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ORBS

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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