Eightco Holdings (ORBS) Q4 2025 earnings summary

Executive summary

• Transitioned to a Digital Asset Treasury (DAT) strategy in September 2025, deploying significant capital into digital assets, primarily Worldcoin (WLD), and strategic investments in frontier technology companies.

• Forever 8, the inventory management solutions business, remained the sole revenue-generating segment, but revenue declined 16.8% year-over-year as the company exited unprofitable customer relationships.

• Completed the divestiture of the Corrugated Packaging Business in April 2025, focusing resources on DAT and Forever 8.

Financial highlights

• Revenues from continuing operations were $32.98 million for 2025, down from $39.62 million in 2024.

• Gross profit dropped 91% to $0.53 million, with gross margin compressing to 1.6% due to inventory write-downs and margin pressure.

• Net loss from continuing operations was $(262.1) million, compared to net income of $0.29 million in 2024, driven by a $202.3 million non-cash loss on digital asset fair value and a $33.9 million impairment charge.

• Cash and cash equivalents at year-end were $58.5 million, with digital assets at fair value of $175.9 million.

• Total assets increased to $250.2 million, and stockholders’ equity rose to $232.2 million.

Outlook and guidance

• Management expects digital assets to remain a significant component of long-term capital allocation.

• Forever 8’s future is under strategic review, with a pivot toward technology and digital asset investments.

• Subsequent to year-end, expanded strategic investments in OpenAI and Beast Industries, with OpenAI now representing 30% of the treasury position.