Eightco
Runs e-commerce inventory funding alongside a Worldcoin-focused digital-asset treasury strategy.
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Profile
Forever 8 provides inventory-management funding for e-commerce businesses, the company’s sole operating segment. Alongside it, the holding company allocates treasury capital to Worldcoin, other digital assets, and frontier-technology investments.
The remaining operating business is Forever 8, an inventory-management-solutions platform that provides funding to e-commerce businesses. After the sale of its corrugated-packaging business, Eightco reports that platform as its single operating segment.
A digital-asset-treasury strategy deploys capital into Worldcoin and frontier-technology investments while core operations continue. The company’s public positioning links that strategy to proof-of-human authentication and the Worldcoin ecosystem, but it does not operate the World network or Orb hardware.
Corporate lineage comes from the Cryptyde spin-off, followed by a period combining e-commerce finance and packaging before the treasury strategy.
Company facts
Key statistics
Year to date −55.8% · Average volume (30d) 13.5M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | — | −$0.01 | — | — | $2.1M | — | +3.21% |
| May 15, 2026Q1 FY26 | — | −$0.05 | — | — | $7.6M | — | −7.84% |
| Apr 15, 2026Q1 FY26 | — | −$1.13 | — | — | $10.2M | — | +8.77% |
| Nov 14, 2025Q3 FY25 | — | −$0.16 | — | — | $5.3M | — | +8.12% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.9M | $7.6M | $5.3M | $10.2M | $7.6M | $2.1M | |
| Gross profit | $813.3K | $1.2M | −$195.9K | −$1.3M | $215.3K | $100.2K | |
| Operating income | −$1.4M | −$1.2M | −$25.8M | −$14.5M | −$10.5M | −$11.8M | |
| Net income | −$2.5M | −$1.2M | −$25.8M | −$232.5M | −$76.1M | $17.7M | |
| Diluted EPS | −$0.84 | −$0.38 | −$0.58 | −$1.13 | −$0.32 | $0.04 | |
| Gross margin | 8.2% | 16.4% | -3.7% | -13.0% | 2.8% | 4.8% | |
| Operating margin | -14.3% | -15.9% | -487.6% | -142.7% | -139.0% | -571.0% |
Fiscal years (4-quarter sums)FY24 $36.2M · FY25 $33.0M
Revenue by product · FY25
Revenue by geography · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $61.9M · Total debt $8.1M · Total assets $407.5M · Shareholders' equity $394.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 388.01M · Float 297.06M · 76.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bitmine Immersion Technologies, Inc. | 100.66M | 31.94% | 13D | Mar 20, 2026 |
| World Foundation | 16.44M | 9.06% | 13D | Nov 24, 2025 |
| Pantera Capital Partners LP | 11.64M | 6.22% | 13G | Dec 23, 2025 |
| Gama Dat Vi SPV, LLC | 11.64M | 6.40% | 13G | Sep 24, 2025 |
| Kevin J. O'Donnell · director, officer: CEO | 1.25M | 0.32% | Form 4 | Jun 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Kevin J. O'Donnell | director, officer: CEO | +200,000 | $0.9198 |
| Mar 12, 2026 | Bitmine Immersion Technologies, Inc. | 10 percent owner | +86,956,513 | $0.8860 |
Peers
- Payoneer
Marketplace working capital for Amazon and Walmart sellers
- Shopify
Embedded merchant funding for Shopify stores, including inventory
- PayPal
Sales-linked working capital and loans for PayPal businesses
