Eightco Holdings Inc. (ORBS)
Financials · Digital Asset Investment & E-commerce Services · NASDAQ
Eightco Holdings is a hybrid company combining an e-commerce inventory finance business with a high-stakes digital asset treasury strategy focused on Worldcoin and identity-verification technologies.
What Eightco Holdings Inc. does
Eightco Holdings is a diversified company transitioning toward a digital asset-focused strategy while operating an e-commerce inventory finance business. Its primary operating segment, Forever 8, provides funding and inventory management services to e-commerce merchants. Concurrently, the company maintains a large treasury position in digital assets, specifically Worldcoin, and invests in frontier technologies aimed at digital identity and Proof of Human verification.
Themes: digital asset treasury strategy, Proof of Human / AI identity, e-commerce finance / supply chain services, crypto-asset volatility
Fundamentals
- Price$0.8023 as of 2026-08-26 close
- Market cap$345M as of 2026-08-26
- 1-year returnn/a our price history for this company shows an unadjusted split or scale break
- P/En/a negative earnings
- Net margin-1095.7% as of 2026-08-27
- Gross margin-0.2% as of 2026-08-27
- ROE-148.6% as of 2026-08-27
- Debt / equity0.03 as of 2026-08-27
- Revenue growth (YoY)-23.3% as of 2026-08-27
- Revenue CAGR (3y)+1.2% SEC XBRL
- Beta2.52 as of 2026-08-27
- Last reported earnings2024-08-15 most recent in our data — SEC EDGAR Form 8-K (Item 2.02); no newer announcement filed
How ORBS compares in its sector
- net profit marginbottom 10% 538 covered Financials peers, as of 2026-08-27
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-27
- gross marginbottom 10% 176 covered Financials peers, as of 2026-08-27
- return on equitybottom 10% 575 covered Financials peers, as of 2026-08-27
- 3-year revenue CAGRbottom 25% 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Key risks (from latest filing)
["Significant earnings and balance sheet volatility due to the fair-value accounting of its large digital asset portfolio (primarily Worldcoin).","High customer concentration in the Forever 8 business segment, with a single customer accounting for the majority of revenue.","Substantial accumulated deficit and history of net losses requiring potential additional capital raises."]
What changed in the latest 10-Q
AI-assisted comparison of ORBS's 10-Q filed 2026-05-15 against the prior one filed 2025-11-14.
Management's Discussion & Analysis (MD&A)
- Added:
- Added statement in Overview (newer filing, 2026-05-15): 'Eightco Holdings Inc. (NASDAQ: ORBS) is building the authentication and trust layer for the post-AGI world' with description of Worldcoin digital asset treasury strategy and three core pillars (consumer, enterprise, gaming authentication)
- Added in Overview (newer filing): 'The Company's mission is organized around three core pillars: consumer authentication, enterprise authentication, and gaming authentication'
- Added Forever 8 revenue figures in Overview (newer filing): '$32,981,126 for fiscal year 2025 and $39,621,272 for fiscal year 2024'
- Added customer concentration disclosure (newer filing): 'one customer representing approximately 89% and 75% of total revenues for fiscal years 2025 and 2024, respectively'
- Added in Capital Raising Activities (newer filing, 2026-05-15): reference to 'quarter ended March 31, 2026' and ATM equity offering proceeds deployed to digital assets
- Added reference to Ethereum (ETH) holdings in Digital Asset Acquisitions (newer filing)
- Added custodial providers list: 'Kraken, Coinbase, and FalconX' (newer filing)
- Removed:
- Removed from Overview (older filing, 2025-11-14): detailed description of adoption during 'quarter ended September 30, 2025' and material changes disclosure language
- Removed from Overview (older filing): explicit statement 'we completed the wind-down of our prior Web3 operations and Bitcoin mining hardware sales, and on April 7, 2025, we sold the assets associated with our Packaging Business'
- Removed from Overview (older filing): statement 'Forever 8 now represents our sole operating business'
- Removed from Digital Asset Acquisitions (older filing): specific dollar amount 'we acquired digital assets with an aggregate fair value of approximately $287 million as of September 30, 2025'
- Removed from Capital Raising Activities (older filing): '$270 million in gross proceeds through a private placement of equity securities' and reference to 'PIPE' proceeds
- Removed reference to 'WCWLD' token variant (older filing mentioned 'WLD and WCWLD'; newer filing mentions only 'WLD')
- Removed from Volatility and Earnings Sensitivity (older filing): parenthetical reference '(WLD/WCWLD)'; newer filing uses only '(WLD)'
- Reworded:
- Changed reference period in Overview and throughout: older filing references 'quarter ended September 30, 2025' while newer filing references 'quarter ended March 31, 2026'
- Changed fiscal year reference in Critical Accounting Policies: older filing references 'Annual Report on Form 10-K for the year ended December 31, 2024' while newer filing references 'year ended December 31, 2025'
- Changed in Cost of Revenues: older filing states 'We no longer incur costs related to the purchase or resale of Bitcoin mining equipment, as this line of business is no longer pursued' while newer filing states 'We no longer incur costs related to the purchase or resale of Bitcoin mining equipmen' (sentence appears truncated in newer filing)
- Changed Worldcoin designation from 'WLD and WCWLD' (older) to 'WLD' only (newer)
- Notes:
- The newer filing's Cost of Revenues section appears to be truncated mid-sentence ('Bitcoin mining equipmen'), making full comparison of that section impossible
- The older filing contains more detailed disclosure of capital raising activities ($270 million PIPE, specific acquisition amounts) while the newer filing provides less quantified detail
- The older filing explicitly discusses web3 wind-down and packaging business sale; the newer filing's Overview section is reorganized and does not repeat this historical context
Risk Factors
- Added:
- Newer filing includes reference to Annual Report for year ended December 31, 2025 filed April 15, 2026 (vs. December 31, 2024 filed April 15, 2025 in older filing)
- Newer filing shows Short-term investments of $32,542,545 as new line item on balance sheet
- Newer filing shows Other investments of $111,599,951 (vs. $999,999 in older filing)
- Newer filing includes Change in fair value of digital assets of $(66,501,874) in non-operating items
- Newer filing includes Gains on disposal of short-term investments of $6,019
- Newer filing includes Gain on extinguishment of liabilities of $870,000
- Newer filing shows Line of credit – related parties reduced to $400,000 from $2,590,000
- Removed:
- Older filing included Intangible assets, net of $12,104,284 (removed in newer filing)
- Older filing included Goodwill of $22,324,588 (removed in newer filing)
- Older filing included Convertible notes payable – related parties (removed in newer filing)
- Older filing included Due to Former Parent of $222,409 (removed in newer filing)
- Older filing included Current liabilities of discontinued operations held for sale (removed in newer filing)
- Older filing included Current assets of discontinued operations held for sale (removed in newer filing)
- Older filing included Restructuring and severance operating expenses (removed in newer filing)
- Older filing included Gain on divestiture of $1,231,774 (removed in newer filing)
- Older filing included Gain on forgiveness of earnout (removed in newer filing)
- Reworded:
- Company incorporation jurisdiction changed from Delaware corporation to Texas corporation
- Reporting period changed from nine months and three months ended September 30 to three months ended March 31
- Annual Report reference changed from year ended December 31, 2024 to year ended December 31, 2025
- Annual Report filing date changed from April 15, 2025 to April 15, 2026
- Property and equipment shown as $0 in newer filing vs. $5,172 in older filing
- Digital assets decreased from $286,660,287 to $175,309,890
- Notes:
- The two filings cover different periods (Q1 2026 vs. Q3 2025), making direct operational comparisons limited
- Balance sheet dates differ (March 31, 2026 vs. September 30, 2025 and December 31 comparisons)
- The text provided appears truncated and does not show the complete Risk Factors section despite being labeled as such
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days.
- Last 90 days1 buy ($183960) · 0 sells — 1 buying insider
- Last 180 days2 buys ($77M) · 0 sells — 2 buying insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-11. As of 2026-08-27.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about ORBS's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding ORBS as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 4,904,804
- Reported value $4,572,258
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
ORBS had 28,585,725 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
ORBS had 6.65% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.87 days to cover at the same settlement.
- Reported short interest (shares) 28,585,725
- Short interest (% of shares outstanding) 6.65%
- Prior settlement (shares) 31,796,419
- Reported change -10.1%
- Days to cover (reported) 1.87
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- MicroStrategy (MSTR)
- Galaxy Digital (GLXY)
- HIVE Digital Technologies (HIVE)
- MARA Holdings (MARA)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare ORBS vs…
Frequently asked questions
What does Eightco Holdings Inc. (ORBS) do?
Eightco Holdings is a diversified company transitioning toward a digital asset-focused strategy while operating an e-commerce inventory finance business. Its primary operating segment, Forever 8, provides funding and inventory management services to e-commerce merchants. Concurrently, the company maintains a large treasury position in digital assets, specifically Worldcoin, and invests in frontier technologies aimed at digital identity and Proof of Human verification.
What sector is Eightco Holdings Inc. (ORBS) in?
Eightco Holdings Inc. (ORBS) is classified in the Financials sector. Its industry is Digital Asset Investment & E-commerce Services. It trades on NASDAQ.
Who are Eightco Holdings Inc.'s (ORBS) competitors?
Notable peers of Eightco Holdings Inc. (ORBS) include MicroStrategy, Galaxy Digital, HIVE Digital Technologies and MARA Holdings. This peer set is informational only — not financial advice.
Where does stocks-llm's data on ORBS come from?
Fundamentals and prices come from market data, as of 2026-08-27; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-27. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-26.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.