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Financial statements

Eightco Holdings Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Eightco Holdings Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2022FY2023FY2024FY2025
Revenue7.8731.867.639.633
Cost of revenue5.6829.661.333.632.4
Gross profit2.192.196.265.980.53
Selling, general and administrative2.6216.414.812.823.9
Operating expenses17.716.914.257.7
Operating income-0.43-15.5-10.7-8.19-57.2
Interest expense00.075.294.08
Other non-operating income0.54-32.1-58.48.35-205
Pre-tax income0.11-47.6-69.10.15-262
Income tax0.21-0.17-0.140.02
Net income to minority interests-0.13-0.19-0-0
Net income0.03-47.3-68.30.71-262
EBITDA-0.33-15.2-10.5-8.02-57.2
EPS, basic143.90-150.95-23.630.40-4.14
EPS, diluted143.90-150.95-23.630.36-4.14
Shares, basic (weighted)1.7563.2
Shares, diluted (weighted)0.312.891.9863.2

Balance sheet

FY2022FY2022FY2023FY2024FY2025
Cash and equivalents0.915.585.250.2458.5
Receivables0.871.261.251.590.43
Inventory0.114.55.977.837.81
Other current assets7.081.740.811.112.02
Total current assets8.9714.114.712.5245
Property, plant and equipment1.011.320.740.640.01
Lease right-of-use assets0.07
Goodwill22.322.322.3
Intangible assets18.616.1022.3
Total assets1458.655.450.8250
Accounts payable0.172.17
Accrued liabilities0.391.833.132.26
Total current liabilities7.5113.939.529.818
Long-term debt0.01
Lease liabilities0.03
Total liabilities11.852.859.839.318
Paid-in capital-050.6109124606
Retained earnings2.3-45-113-113-375
Shareholders' equity2.36.13-3.9311.9233
Minority interests-0.13-0.32-0.41-0.41-0.41
Total equity2.175.81-4.3511.5232
Total liabilities and equity1458.655.450.8250
Shares outstanding00.630.942.48206

Cash flow statement

FY2022FY2022FY2023FY2024FY2025
Net income-0.1-47.4-68.30.71-262
Depreciation and amortization0.10.270.20.170.04
Stock-based compensation1.5-0.360.0410.3
Change in receivables-0.03-0.44-0.83-0.340.46
Change in inventory03.54-1.31-2.22-1.57
Change in payables0.13-0.030.360.131.18
Cash from operations-0.2-16.7-6.4-6.64-11
Capital expenditures-0-0
Purchases of investments-1
Cash from investing-3.710.47-0.3-0.07-379
Debt issued3.86
Stock issued11.50.012.99448
Share buybacks-0.05
Cash from financing4.6420.96.361.7448
Net change in cash0.734.67-0.33-5.0158.3
Free cash flow-6.64-11
Interest paid0.0500.441.181.79

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.14 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin-4.8%Gross profit / revenue.
Operating margin-306.2%Operating income / revenue.
EBITDA margin-306.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-1,261.0%Pre-tax income / revenue.
Net margin-1,261.0%Net income / revenue.
Operating cash flow margin-83.6%Cash from operations / revenue.
Return on equity (ROE)-80.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-77.7%Net income / average total assets.
Return on invested capital (ROIC)-15.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue145.9%Selling, general and administrative expense / revenue.
Stock-based pay / revenue62.1%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue0.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-16.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y1.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-91.1%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-37.6%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y-37,079.0%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-1,250.0%EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y1,850.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y236.1%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y392.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y62.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y3,092.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y486.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio21.7xCurrent assets / current liabilities.
Quick ratio4.62x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio4.62x(Cash + short-term investments) / current liabilities.
Liabilities / assets3.3%Total liabilities / total assets.
Working capital$278.0MCurrent assets - current liabilities.
Tangible book value$394.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.06xRevenue / average total assets.
Inventory turnover52.4xCost of revenue / average inventory.
Days inventory7 days365 x average inventory / cost of revenue.
Receivables turnover248xRevenue / average receivables.
Days sales outstanding1 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.79Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.06Revenue / diluted weighted shares.
Operating cash flow per share-$0.05Cash from operations / diluted weighted shares.
Book value per share$0.92Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.92Tangible book value / shares outstanding.
Cash per share$0.14(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$489.9MShare price x shares outstanding.
Enterprise value$428.0MMarket cap + total debt - cash - short-term investments.
P/S19.5xMarket cap / revenue.
P/B1.24xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.24xMarket cap / tangible book value, when positive.
EV/Sales17.0xEnterprise value / revenue.
Earnings yield-64.6%Net income / market cap (the inverse of P/E).
What was Eightco Holdings Inc.'s revenue in fiscal 2025?

Eightco Holdings Inc. reported revenue of $33.0M for fiscal 2025, 16.8% lower than the year before.

Was Eightco Holdings Inc. profitable in fiscal 2025?

No. It reported a net loss of $262.0M.

How much free cash flow did Eightco Holdings Inc. generate in fiscal 2025?

Cash from operations of $11.0M minus capital expenditures of $2.2K left free cash flow of -$11.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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