Streamex Corp. Reports No Revenue and $46.7 Million Net Loss in Latest Quarterly Filing

Streamex Corp. reported significant financial changes in its latest quarterly filing for the period ending March 31, 2026. The company, which transitioned from BioSig Technologies, Inc. following its acquisition of Streamex Exchange Corporation in May 2025, recorded no revenue for the quarter, consistent with the same period in the previous year. However, total operating expenses surged to $35.7 million, a substantial increase from $3 million in the first quarter of 2025. This rise was primarily driven by a 1,200% increase in general and administrative expenses, which reached $34.3 million, largely due to stock-based compensation and increased professional fees associated with the company's expanded operations.

The company's net loss for the quarter was $46.7 million, compared to a loss of $2.8 million in the same quarter of the previous year. This increase in loss was attributed to higher operating expenses and significant interest expenses related to the company's convertible debentures, which were settled in February 2026. The company recognized a realized loss of $3.1 million on the extinguishment of these debentures, which included a cash payoff and the conversion of a portion into common stock. The net loss attributable to common shareholders was $46.7 million, translating to a loss per share of $0.27, compared to a loss of $0.14 per share in the prior year.

In terms of operational developments, Streamex Corp. has made strides in its strategic initiatives, particularly in the tokenization of real-world assets. The company acquired approximately $15.2 million worth of gold bullion to support its GLDY Token program, which aims to provide token holders with exposure to gold. As of March 31, 2026, Streamex held approximately 98.5% of the outstanding GLDY Tokens. The company also reported that two related party officers subscribed for a total of $225 in GLDY Tokens during March 2026. Despite these developments, the company has yet to generate material revenue from its new digital asset infrastructure.

Streamex Corp. has strengthened its liquidity position, ending the quarter with $6.9 million in cash and working capital of approximately $42.6 million. This was bolstered by net proceeds of $37.2 million from an underwritten public offering completed in January 2026, alongside cash generated from the sale of marketable securities and gold bullion. The company has eliminated its outstanding convertible debt, which is expected to improve its financial flexibility moving forward. However, management anticipates continued operating losses and negative cash flows until its products achieve sustained commercial success, particularly the Streamex Exchange platform and the PURE EP™ initiatives.

Looking ahead, the company remains focused on the commercialization of its digital asset infrastructure and the development of its tokenization solutions. Management has indicated that future revenues will depend on various factors, including market conditions, regulatory developments, and the successful adoption of its offerings. The company believes it has sufficient liquidity to meet its operational needs for at least the next year, but it will continue to evaluate additional capital sources to support its growth strategy.