Eightco Holdings Inc. is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $25m, down 42.7% on a year earlier, a steeper fall than the 26.3% decline a quarter earlier. That puts it 25 of 27 for growth among the internet services & infrastructure companies we cover.
Our model value for Eightco is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Eightco Holdings Inc.'s trailing-twelve-month revenue fell 42.7% year on year, with a free-cash-flow margin of -83.6%. Where it lags: net margin of -1260.9% ranks 34 of 34 internet services & infrastructure companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 309.6% while net income fell 3269.6%: a 2960pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No model value for Eightco Holdings Inc. at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Eightco Holdings Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.75 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.0 ~$0.0–$0.2 | Left out: out of range vs price (0.01x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Eightco Holdings Inc. with Internet Services & Infrastructure in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Weak moat
How hard Eightco's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median -19.3% of total assets over 5 years.
Gross margin has been a median 10.4%, moving by 7.1 percentage points (standard deviation) across 5 years.
Operating margin has been a median -29.6%; its worst year was -306.2%.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (22 before it).
No analyst estimates are published for Eightco Holdings Inc.: too few analysts cover it.
| Calendar year | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|
| Return | ||||
| ORBS | −95% | −15% | −21% | −59% |
| Industry peers (median) | +46% | −17% | −10% | −30% |
| S&P 500 | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||
| ORBS | 17% | 58% | 33% | 27% |
| S&P 500 | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||
| ORBS | −97% | −71% | −96% | −71% |
| S&P 500 | −10% | −8% | −19% | −9% |
Worst fall since May 18, 2022: 100% from May 18, 2022 to July 17, 2026. Getting back needed a 658652% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 15, 2024 | +22.1% | +1.9% | +36.3% | +22.8% |
| August 23, 2022 | −7.1% | +0.1% | −18.9% | −28.7% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $75.8M |
| FY23 Q4 | $67.6M |
| FY24 Q1 | $59.6M |
| FY24 Q2 | $44.4M |
| FY24 Q3 | $27.1M |
| FY24 Q4 | $39.6M |
| FY25 Q1 | $41.6M |
| FY25 Q2 | $43.9M |
| FY25 Q3 | $43.1M |
| FY25 Q4 | $33M |
| FY26 Q1 | $30.6M |
| FY26 Q2 | $25.1M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 324.2% |
| FY23 Q4 | 112.3% |
| FY24 Q1 | 35.6% |
| FY24 Q2 | -22.4% |
| FY24 Q3 | -64.3% |
| FY24 Q4 | -41.4% |
| FY25 Q1 | -30.3% |
| FY25 Q2 | -1.1% |
| FY25 Q3 | 59.1% |
| FY25 Q4 | -16.8% |
| FY26 Q1 | -26.3% |
| FY26 Q2 | -42.7% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | -18.3% |
| FY23 Q4 | -15.8% |
| FY24 Q1 | -17.3% |
| FY24 Q2 | -18.9% |
| FY24 Q3 | -35.0% |
| FY24 Q4 | -18.3% |
| FY25 Q1 | -13.3% |
| FY25 Q2 | -13.4% |
| FY25 Q3 | -23.9% |
| FY25 Q4 | -173.5% |
| FY26 Q1 | -216.5% |
| FY26 Q2 | -306.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY25 Q2 | -11.7% |
| FY25 Q3 | -15.8% |
| FY25 Q4 | -33.3% |
| FY26 Q1 | -54.4% |
| FY26 Q2 | -83.6% |
| Fiscal year | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue | 8 | 32 | 68 | 40 | 33 | 25 |
| Gross profit | 2 | 2 | 6 | 6 | 1 | −1 |
| EBITDA | −0 | −15 | −10 | −8 | −57 | −77 |
| Operating income | −0 | −16 | −11 | −8 | −57 | −77 |
| Net income | 0 | −47 | −68 | 1 | −262 | −317 |
| Diluted EPS | — | −$150.95 | −$23.63 | $0.36 | −$4.14 | — |
| Growth (year on year) | ||||||
| Revenue | — | +304.1% | +112.3% | −41.4% | −16.8% | −42.7% |
| Margins | ||||||
| Gross margin | 27.8% | 6.9% | 9.3% | 15.1% | 1.6% | −4.8% |
| EBITDA margin | −4.2% | −47.9% | −15.5% | −20.2% | −173.4% | −306.2% |
| Operating margin | −5.5% | −48.7% | −15.8% | −20.7% | −173.5% | −306.2% |
| Net margin | 0.4% | −148.5% | −101.1% | 1.8% | −794.4% | <−999% |
| Free-cash-flow margin | — | — | — | −16.8% | −33.3% | −83.6% |
| Cash flow | ||||||
| Cash from operations | −0 | −17 | −6 | −7 | −11 | −21 |
| Capital spending | — | — | — | 0 | 0 | 0 |
| Free cash flow | — | — | — | −7 | −11 | −21 |
| Stock-based pay | — | 2 | −0 | 0 | 10 | 16 |
| Free cash flow after stock pay | — | — | — | −7 | −21 | −37 |
| Balance sheet | ||||||
| Cash | 1 | 6 | 5 | 0 | 59 | 11 |
| Total debt | 0 | 32 | 14 | 10 | — | 0 |
| Net debt (negative = net cash) | −1 | 27 | 9 | 9 | −59 | −11 |
| Diluted shares | — | — | 3m | 2m | 63m | — |
| Returned to shareholders | ||||||
| Buybacks | — | 0 | — | — | — | — |
| Total returned | — | 0 | — | — | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 6 | 20 | 10 | 8 | 5 | 10 | 8 | 2 |
| Gross profit | 2 | 2 | 1 | 1 | −0 | −1 | 0 | 0 |
| EBITDA | −2 | −1 | −1 | −1 | −6 | −48 | −11 | −12 |
| Operating income | −2 | −1 | −1 | −1 | −6 | −48 | −11 | −12 |
| Net income | −3 | −3 | −3 | −1 | −26 | −232 | −76 | 18 |
| Diluted EPS | −$0.12 | −$0.10 | −$0.06 | −$0.03 | −$0.58 | −$2.39 | −$0.32 | $0.04 |
| Growth (year on year) | ||||||||
| Revenue | −74.0% | +160.7% | +24.6% | +43.4% | −12.5% | −49.9% | −23.7% | −72.7% |
| Net income | — | — | −231.3% | −126.3% | — | — | — | — |
| Diluted EPS | — | — | −159.2% | −117.7% | — | — | — | — |
| Margins | ||||||||
| Gross margin | 26.5% | 8.2% | 8.2% | 16.4% | −3.7% | −13.0% | 2.8% | 4.8% |
| EBITDA margin | −28.4% | −7.0% | −13.9% | −15.9% | −116.9% | −475.0% | −139.0% | −571.0% |
| Operating margin | −29.1% | −7.3% | −14.3% | −15.9% | −116.9% | −475.0% | −139.0% | −571.0% |
| Net margin | −52.5% | −12.3% | −25.7% | −15.4% | −487.6% | <−999% | <−999% | 855.8% |
| Free-cash-flow margin | 1.4% | −27.3% | 10.1% | −8.7% | −30.6% | −95.2% | — | −242.0% |
| Cash flow | ||||||||
| Cash from operations | 0 | −6 | 1 | −1 | −2 | −10 | −5 | −5 |
| Capital spending | −0 | −0 | 0 | 0 | 0 | 0 | — | 0 |
| Free cash flow | 0 | −6 | 1 | −1 | −2 | −10 | — | −5 |
| Stock-based pay | 0 | −0 | — | — | 2 | 8 | 5 | 0 |
| Free cash flow after stock pay | 0 | −6 | — | — | −4 | −18 | — | −5 |
| Last 12 months unless stated | ORBS | BGDE | BTCS | SLNH | MCHX | BTCT | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $25m | $27m | $17m | $42m | $44m | $14m | $242m |
| Revenue growth, last 12 months | −42.7% | −46.0% | 120.9% | 50.9% | −7.5% | 20.3% | 8.3% |
| Revenue growth, 3-year average | −24.0% | −24.4% | 133.1% | 38.9% | −4.3% | — | 7.6% |
| Revenue growth, latest quarter | −72.7% | −35.5% | −11.9% | 144.6% | −5.6% | 338.2% | 5.5% |
| Gross margin | −4.8% | 36.9% | 26.9% | 1.4% | 61.2% | −22.5% | 49.5% |
| Operating margin | −306.2% | −101.3% | <−999% | −127.0% | −11.4% | −62.7% | −56.0% |
| Operating margin, 3-year average | −112.8% | −75.2% | <−999% | −120.0% | −10.2% | — | −25.3% |
| Net margin | <−999% | −80.7% | −746.3% | −185.9% | −12.4% | −64.5% | −55.8% |
| Cash from operations / revenue | −83.6% | −90.5% | −47.0% | −46.2% | −1.7% | −37.4% | −10.4% |
| Free-cash-flow margin | −83.6% | −90.9% | −47.0% | −117.2% | −4.5% | −98.1% | −25.9% |
| Free-cash-flow margin, 3-year average | — | −30.5% | −114.5% | −73.4% | −4.2% | −55.6% | −17.4% |
| Stock pay / revenue | 62.7% | 25.6% | 1.1% | 62.9% | 5.4% | 13.0% | 11.9% |
| Change in share count | — | 0.0% | 135.1% | 27.8% | — | 172.0% | 5.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -42.7% | 10.1% | 30 of 34 |
| Change in growth rate Growth | -16.4pp | -0.6pp | 25 of 34 |
| Operating margin Profitability | -306.2% | -49.3% | 29 of 33 |
| Net margin Profitability | -1260.9% | -47.1% | 34 of 34 |
| Stock pay as % of revenue Cash generation | 62.7% | 12.4% | 29 of 32 |
| Long-term debt as % of assets Balance sheet | 20.2% | 20.2% | 13 of 25 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | YoY |
|---|---|---|
| Inventory Management Solutions | $33M | ▼ 16.8% |
| Corrugated Packaging | $1.8M | ▼ 74.0% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Region | Revenue | YoY |
|---|---|---|
| Europe | $30.4M | ▼ 8.3% |
| North America | $4.4M | ▼ 67.3% |
These categories overlap or exclude eliminations, so shares aren't shown.
From Eightco Holdings Inc.'s 10-K filed April 15, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Franklin Resources Inc | $16.6M | 15.8M | 16.3% | New |
| Mozayyx Management LLC | $11.4M | 16.4M | 11.2% | 0.0% |
| FMR LLC | $9.8M | 14.1M | 9.6% | New |
| Alyeska Investment Group, L.P. | $9.6M | 13.8M | 9.4% | ▼ 14.0% |
| Pantera Capital Partners LP | $7.8M | 11.2M | 7.6% | 0.0% |
| Renaissance Technologies LLC | $4M | 5.7M | 3.9% | ▲ 848.8% |
| Blackrock, Inc. | $4M | 5.7M | 3.9% | ▲ 101.4% |
| Bit Capital Gmbh | $3.6M | 5.2M | 3.6% | New |
| Geode Capital Management, LLC | $2.8M | 4.0M | 2.7% | ▲ 107.5% |
| Vanguard Capital Management LLC | $2.7M | 3.9M | 2.7% | ▲ 111.7% |
| Brevan Howard Capital Management LP | $2.7M | 3.9M | 2.7% | ▲ 901.7% |
| Galaxy Digital Inc. | $2.6M | 3.8M | 2.6% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Eightco Holdings Inc.'s complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| O'Donnell Kevin J CEO | August 28, 2026 | Buy | 50,000 | $0.81 | $40,500 |
| O'Donnell Kevin J CEO | June 11, 2026 | Buy | 200,000 | $0.92 | $184,000 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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