Eightco Holdings Reports Revenue Decline and Significant Losses in Latest 10-Q Filing

Eightco Holdings Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending September 30, 2025. The company generated revenues of $5.3 million, a decrease of 12.5% from $6.1 million in the same quarter of the previous year. For the nine-month period, revenues increased by 18.1% to $22.8 million, compared to $19.3 million in 2024. The decline in quarterly revenue was attributed to reduced order volumes as the company exited its liquidation-model operations, while the year-to-date increase was driven by its core inventory management business, Forever 8.

The company's cost of revenues rose to $5.5 million for the third quarter, up 23.5% from $4.5 million a year earlier, reflecting a shift in product mix and the impact of exiting less profitable operations. This resulted in a gross loss of $195,850 for the quarter, compared to a gross profit of $1.6 million in the prior year. For the nine-month period, gross profit decreased to $1.9 million from $4.3 million, primarily due to inventory write-downs and lower overall margins.

In terms of operational changes, Eightco has focused on its Digital Asset Treasury (DAT) Strategy, which was adopted in September 2025. This strategy involves holding digital assets, including Worldcoin and Ethereum, as part of its long-term capital allocation framework. The company reported a loss of $18.6 million related to the fair value changes of its digital assets during the quarter. Additionally, Eightco completed a $270 million private placement and raised further capital through its at-the-market program, significantly enhancing its liquidity position.

As of September 30, 2025, Eightco's total assets surged to $355.5 million, up from $50.8 million at the end of 2024, largely due to the acquisition of digital assets valued at approximately $287 million. The company also reported a net loss of $25.8 million for the quarter, compared to a loss of $3.2 million in the same period last year. The outlook remains cautious, with management indicating that while the current liquidity position is sufficient to meet obligations for at least the next twelve months, future performance will be influenced by market conditions affecting digital assets and the operational needs of Forever 8.