Eightco Holdings (ORBS) investor relations material

Executive summary

• Forever 8 remains the sole operating business, providing inventory funding for e-commerce retailers after divesting non-core operations and winding down Web3 activities.

• The company adopted a Digital Asset Treasury (DAT) Strategy, deploying excess liquidity into digital assets like Worldcoin (WLD), Ethereum (ETH), and stablecoins.

• Strategic investments were made in frontier technology companies, including indirect interests in OpenAI, Beast Industries, and Mythical Games.

• Revenues and profitability are highly concentrated, with one customer accounting for 99% of revenues and experiencing significant financial deterioration.

Financial highlights

• For Q2 2026, revenue was $2.1M, down 72.7% year-over-year; gross profit was $0.1M, down 92%.

• Net income for Q2 2026 was $17.7M, compared to a net loss of $1.2M in Q2 2025, driven by a $29.3M gain in digital asset fair value.

• For the six months ended June 30, 2026, revenue was $9.6M (down 44.9%), with a net loss of $58.4M, mainly due to a $37.2M net loss on digital assets and a $5.2M impairment charge.

• SG&A expenses rose to $17.4M for the six months, up 272% year-over-year, due to bad debt, higher professional fees, and share-based compensation.

• Cash and equivalents at June 30, 2026 were $11.0M; short-term investments $50.9M; digital assets $228.0M.

Outlook and guidance

• Management expects digital assets to remain a significant part of the capital allocation framework.

• Liquidity is considered sufficient for at least the next 12 months, with $148.8M in near-cash liquidity and continued access to capital markets.

• Future revenues from Forever 8 may be materially reduced or eliminated due to customer concentration risk.