ORBSNasdaqFinance ServicesUS GAAP · USD

Eightco Holdings Inc.

Eightco Holdings Inc. is a U.S.-listed holding company that has pivoted toward a digital asset treasury model centered on Worldcoin (WLD). Its current business appears to be managing treasury assets, financing, custody, and related strategic relationships rather than operating a traditional product or service franchise.

Liikevaihto33,0milj. USD
−16,8 %v/v
Liikevoitto (EBIT)−57,2milj. USD
−598,4 %v/v
EBIT-marginaali−173,5%
−152,8 %-yks.v/v
Nettotulos−262milj. USD
−37 079,3 %v/v
Vapaa kassavirta−11,0milj. USD
−65,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−100−50050100milj. USD2022: 32 milj. USD2022: EBIT −16 milj. USD20222023: 75 milj. USD2023: EBIT −11 milj. USD20232024: 40 milj. USD2024: EBIT −8,2 milj. USD20242025: 33 milj. USD2025: EBIT −57 milj. USD202533−57
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Digital asset treasury70 %

Treasury holdings and management of WLD and related digital assets.

Financing and capital markets activities20 %

Equity issuance, PIPE funding, ATM usage, and related treasury financing.

Advisory and strategic agreements10 %

Consulting, board, and strategic advisor arrangements supporting the treasury strategy.

Asiakkaat

The company does not appear to sell a conventional operating product to end customers; instead, its economic counterparties are investors, lenders, custodians, brokers, and strategic advisors. Its capital providers and trading counterparties are central because the business model depends on financing, acquiring, and safeguarding digital assets. Any future monetization would likely be tied to treasury management rather than recurring customer demand.

Capital markets investors

Buy equity or warrants to fund the company and gain exposure to its WLD treasury strategy.

Lenders and financing counterparties

Provide debt or structured financing used to support treasury operations and liquidity.

Custodians and trading counterparties

Hold, execute, and settle WLD transactions; critical to asset safety and liquidity.

Strategic advisors and consultants

Support governance, execution, and strategic positioning around the digital asset model.

Strategia

The current strategy is to build and preserve a Worldcoin-focused digital asset treasury, using financing and counterparties to acquire and hold WLD. Management is also establishing the governance and advisory framework needed to execute that strategy, including board, consulting, and financing agreements. The strategy is highly dependent on market access, custody reliability, and the ability to raise capital when digital asset conditions are favorable.

Build a durable WLD treasury positionLyhyt aikaväli

The company’s value proposition now depends on holding and managing digital assets effectively.

Maintain financing flexibilityLyhyt aikaväli

Access to capital is needed to support treasury operations and absorb volatility.

Strengthen execution and governanceKeskipitkä aikaväli

The model relies on specialized counterparties and board/advisory oversight to execute safely.

Maantiede

The company is U.S.-based and appears to operate primarily through U.S. capital markets, U.S.-linked counterparties, and global digital asset venues. Its exposure is less about physical operating locations and more about where financing, custody, and trading infrastructure are located. The reports also reference foreign regulatory developments, which matter because WLD ownership, transferability, and market access can be affected across jurisdictions.

Riskit

The business is exposed to extreme digital asset price volatility, which can quickly impair asset values, liquidity, and financing capacity. It also depends on third-party custodians, exchanges, and brokers, so operational failures, insolvencies, or cyber events at counterparties could cause direct asset loss or disrupt execution. Regulatory changes around digital assets and Worldcoin specifically could further limit ownership, transferability, or market access.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Custody and counterparty failure1Liquidity and trading disruption3Regulatory and legal uncertainty4Digital asset treasury volatility2
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Custody and counterparty failureVaikutus: KriittinenTodennäköisyys: Kohtalainen

    The company relies on third-party custodians and trading venues to safeguard and execute transactions.

    KohdistuuKrakenCoinbaseFalconXOther counterparties
  2. Digital asset treasury volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    The company’s balance sheet and strategy are tied to WLD price movements.

    Kohdistuu: WLD holdings and treasury value

  3. Liquidity and trading disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Illiquid or halted markets could prevent conversion of digital assets into cash when needed.

    Kohdistuu: Digital asset markets and OTC venues

  4. Regulatory and legal uncertaintyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    New laws or enforcement actions could affect WLD ownership, transfer, or use.

    KohdistuuU.SEUForeign digital asset regulation

Kirjanpito

Harkinnanvaraiset erät
Digital asset valuation

WLD price changes can materially affect asset carrying values and earnings volatility.

Vaikutus: Reported results and balance sheet strength

Equity issuance and warrant accounting

PIPE financing, pre-funded warrants, and placement agent warrants affect dilution and equity classification.

Vaikutus: Share count, paid-in capital, and financing costs

Custody and control assessment

Recognition of custodially held WLD depends on legal and control considerations.

Vaikutus: Asset recognition and disclosure

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Eightco Holdings Inc. (ORBS) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo