What is Eightco Holdings's earnings per share (EPS)?

Eightco Holdings (ORBS) reported diluted earnings per share of $-4.14 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Eightco Holdings Financials

ORBS

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Eightco Holdings (ORBS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ORBS FY2025 2026-04-22

Fresh capital transformed the balance sheet, but the core sales engine produced almost no gross spread in FY2025.

Cash rose to $58.5M in FY2025, but that increase was paired with $448.0M of financing inflow rather than internally generated cash. At the same time, gross margin fell from 15.1% to 1.6%, showing the balance-sheet reset was happening while the operating model earned almost no spread on sales.

By FY2025, gross profit had shrunk to $534K while SG&A remained $23.9M, so the operating loss was rooted in a basic overhead mismatch rather than just below-the-line noise. That is how a revenue-producing business can still behave like a cash consumer: it is moving product without keeping enough spread to support the platform around it.

FY2024's net income of $709K never translated into cash, because operating cash flow was still -$6.6M. That makes the much weaker FY2025 result look less like a sudden break and more like a continuation of weak earnings quality that the income statement temporarily obscured.

Financial Health Signals

Financial Health Score 34/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Eightco Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Safe

6.43

Eightco Holdings scores 6.43, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($241.5M) relative to total liabilities ($18.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

Eightco Holdings passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.04x

For every $1 of reported earnings, Eightco Holdings generates $0.04 in operating cash flow (-$11.0M OCF vs -$262.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-14.0x

Eightco Holdings earns $-14.0 in operating income for every $1 of interest expense (-$57.2M vs $4.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$33.0M

YoY-16.8%

Eightco Holdings generated $33.0M in revenue in fiscal year 2025. This represents a decrease of 16.8% from the prior year.

EBITDA

-$57.2M

YoY-613.1%

Eightco Holdings's EBITDA was -$57.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 613.1% from the prior year.

Net Income

-$262.0M

YoY-37079.3%

Eightco Holdings reported -$262.0M in net income in fiscal year 2025. This represents a decrease of 37079.3% from the prior year.

EPS (Diluted)

$-4.14

Eightco Holdings earned $-4.14 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$11.0M

YoY-65.3%

Eightco Holdings generated -$11.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 65.3% from the prior year.

Cash & Debt

$58.5M

YoY+24358.3%

Eightco Holdings held $58.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

206M

Eightco Holdings had 206M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

1.6%

YoY-13.5pp

Eightco Holdings's gross margin was 1.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 13.5 percentage points from the prior year.

Operating Margin

-173.5%

YoY-152.8pp

Eightco Holdings's operating margin was -173.5% in fiscal year 2025, reflecting core business profitability. This is down 152.8 percentage points from the prior year.

Net Margin

-794.4%

YoY-796.2pp

Eightco Holdings's net profit margin was -794.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 796.2 percentage points from the prior year.

Return on Equity

-112.6%

YoY-118.6pp

Eightco Holdings's ROE was -112.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 118.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2K

YoY+167.3%

Eightco Holdings invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 167.3% from the prior year.

ORBS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$33.0M-16.8%	$39.6M-41.4%	$67.6M+112.3%	$31.8M+304.1%	$7.9M
Cost of Revenue	$32.4M-3.5%	$33.6M-45.1%	$61.3M+106.9%	$29.6M+421.4%	$5.7M
Gross Profit	$534K-91.1%	$6.0M-4.4%	$6.3M+185.3%	$2.2M+0.1%	$2.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23.9M+87.3%	$12.8M-13.8%	$14.8M-9.7%	$16.4M+525.2%	$2.6M
Operating Income	-$57.2M-598.4%	-$8.2M+23.3%	-$10.7M+31.1%	-$15.5M-3495.6%	-$431K
Interest Expense	$4.1M-22.8%	$5.3M+145.8%	-$11.6M-16753.7%	$69K	$0
Income Tax	$20K+114.9%	-$135K	N/A	-$173K-182.4%	$210K
Net Income	-$262.0M-37079.3%	$709K+101.0%	-$68.3M-44.6%	-$47.3M-164305.7%	$29K
EPS (Diluted)	$-4.14	$0.36+101.5%	$-23.63+84.3%	$-150.95	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$7.6M-25.8%	$10.2M+92.2%	$5.3M-30.1%	$7.6M-23.6%	$9.9M-51.2%	$20.3M+235.6%	$6.1M+14.6%	$5.3M
Cost of Revenue	$7.3M-36.2%	$11.5M+109.5%	$5.5M-13.2%	$6.3M-30.4%	$9.1M-51.2%	$18.7M+319.2%	$4.5M+12.4%	$4.0M
Gross Profit	$215K+116.2%	-$1.3M-578.3%	-$196K-115.7%	$1.2M+53.1%	$813K-51.1%	$1.7M+3.7%	$1.6M+21.2%	$1.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.7M-18.8%	$13.2M+120.1%	$6.0M+144.8%	$2.5M+10.0%	$2.2M-45.3%	$4.1M+21.1%	$3.4M+53.5%	$2.2M
Operating Income	-$10.5M+78.3%	-$48.4M-680.8%	-$6.2M-413.7%	-$1.2M+14.8%	-$1.4M+41.3%	-$2.4M-37.0%	-$1.8M-102.7%	-$868K
Interest Expense	-$277K-103.6%	$7.7M+807.0%	-$1.1M+14.2%	-$1.3M+0.9%	-$1.3M-113.8%	$9.3M+712.1%	-$1.5M-15.2%	-$1.3M
Income Tax	N/A	N/A	N/A	N/A	-$29K	N/A	N/A	N/A
Net Income	-$76.1M+67.2%	-$232.5M-799.4%	-$25.8M-2109.8%	-$1.2M+54.1%	-$2.5M-1.8%	-$2.5M+21.2%	-$3.2M-171.4%	$4.4M
EPS (Diluted)	$-0.32	N/A	$-0.58-52.6%	$-0.38+54.8%	$-0.84	N/A	$-1.77	$2.15

ORBS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$250.2M+392.0%	$50.8M-8.2%	$55.4M-5.4%	$58.6M+319.2%	$14.0M
Current Assets	$244.7M+1862.7%	$12.5M-15.5%	$14.7M+4.7%	$14.1M+57.0%	$9.0M
Cash & Equivalents	$58.5M+24358.3%	$239K-95.4%	$5.2M-6.0%	$5.6M+512.4%	$911K
Inventory	$7.8M-0.3%	$7.8M+31.3%	$6.0M+32.5%	$4.5M+3968.2%	$111K
Accounts Receivable	$434K-72.8%	$1.6M+27.5%	$1.2M-1.2%	$1.3M+45.7%	$867K
Goodwill	N/A	$22.3M0.0%	$22.3M0.0%	$22.3M	N/A
Total Liabilities	$18.0M-54.3%	$39.3M-34.2%	$59.8M+13.2%	$52.8M+347.1%	$11.8M
Current Liabilities	$18.0M-39.7%	$29.8M-24.6%	$39.5M+184.0%	$13.9M+85.2%	$7.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$232.6M+1849.9%	$11.9M+403.3%	-$3.9M-164.2%	$6.1M+166.4%	$2.3M
Retained Earnings	-$374.6M-232.8%	-$112.6M+0.6%	-$113.3M-152.0%	-$45.0M-2054.5%	$2.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$340.6M+36.1%	$250.2M-29.6%	$355.5M+630.4%	$48.7M+2.2%	$47.6M-6.3%	$50.8M+3.3%	$49.2M+1.8%	$48.4M
Current Assets	$224.6M-8.2%	$244.7M-22.7%	$316.5M+3387.1%	$9.1M-7.6%	$9.8M-21.2%	$12.5M+29.6%	$9.6M+17.7%	$8.2M
Cash & Equivalents	$7.5M-87.1%	$58.5M+146.7%	$23.7M+3305.7%	$696K+60.3%	$434K+81.6%	$239K-90.1%	$2.4M+562.8%	$363K
Inventory	$7.4M-5.6%	$7.8M+46.2%	$5.3M-15.1%	$6.3M+2.0%	$6.2M-21.3%	$7.8M+114.5%	$3.7M-23.6%	$4.8M
Accounts Receivable	$468K+7.9%	$434K+70.3%	$255K-76.6%	$1.1M+77.1%	$614K-61.4%	$1.6M-41.6%	$2.7M+29.9%	$2.1M
Goodwill	N/A	N/A	$22.3M0.0%	$22.3M0.0%	$22.3M0.0%	$22.3M0.0%	$22.3M0.0%	$22.3M
Total Liabilities	$18.3M+1.8%	$18.0M+7.2%	$16.8M-58.3%	$40.2M+4.8%	$38.3M-2.5%	$39.3M+7.5%	$36.6M+4.8%	$34.9M
Current Liabilities	$18.3M+1.8%	$18.0M+7.2%	$16.8M-44.9%	$30.4M+6.0%	$28.7M-3.6%	$29.8M+9.5%	$27.2M+5.5%	$25.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$322.7M+38.7%	$232.6M-31.4%	$339.2M+3707.1%	$8.9M-8.3%	$9.7M-18.6%	$11.9M-8.6%	$13.0M-5.7%	$13.8M
Retained Earnings	-$450.7M-20.3%	-$374.6M-163.5%	-$142.1M-22.2%	-$116.3M-1.0%	-$115.1M-2.3%	-$112.6M-2.3%	-$110.1M-3.0%	-$106.9M

ORBS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$11.0M-65.3%	-$6.6M-3.7%	-$6.4M+61.7%	-$16.7M-8380.2%	-$197K
Capital Expenditures	$2K+167.3%	$826	N/A	N/A	N/A
Free Cash Flow	-$11.0M-65.3%	-$6.6M	N/A	N/A	N/A
Investing Cash Flow	-$378.7M-540188.2%	-$70K+76.3%	-$295K-163.0%	$468K+112.6%	-$3.7M
Financing Cash Flow	$448.0M+26273.5%	$1.7M-73.3%	$6.4M-69.6%	$20.9M+351.1%	$4.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$49K	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$4.7M+51.6%	-$9.7M-498.5%	-$1.6M-145.7%	-$659K-165.9%	$1000K+118.0%	-$5.6M-7244.4%	$78K+117.6%	-$440K
Capital Expenditures	N/A	$0	$0-100.0%	$2K+1206.4%	$157+139.6%	-$396+91.5%	-$5K	N/A
Free Cash Flow	N/A	-$9.7M-498.5%	-$1.6M-145.0%	-$661K-166.1%	$1000K+118.0%	-$5.6M-7700.6%	$73K	N/A
Investing Cash Flow	-$209.0M-183.0%	-$73.9M+75.8%	-$305.3M-69100.7%	$442K+1090.9%	-$45K-99.2%	-$22K+46.4%	-$42K	N/A
Financing Cash Flow	$162.7M+37.5%	$118.3M-64.1%	$329.9M+68825.9%	$479K+163.0%	-$760K-122.3%	$3.4M+69.7%	$2.0M+442076.0%	$454
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ORBS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	1.6%-13.5pp	15.1%+5.8pp	9.3%+2.4pp	6.9%-20.9pp	27.8%
Operating Margin	-173.5%-152.8pp	-20.7%-4.9pp	-15.8%+32.9pp	-48.7%-43.3pp	-5.5%
Net Margin	-794.4%-796.2pp	1.8%+102.9pp	-101.1%+47.4pp	-148.5%-148.9pp	0.4%
Return on Equity	-112.6%-118.6pp	5.9%	N/A	-771.2%-772.5pp	1.3%
Return on Assets	-104.7%-106.1pp	1.4%+124.7pp	-123.3%-42.7pp	-80.6%-80.8pp	0.2%
Current Ratio	13.61+13.2	0.42+0.0	0.37-0.6	1.01-0.2	1.19
Debt-to-Equity	0.08-3.2	3.30+18.5	-15.19-23.8	8.61+3.5	5.13
FCF Margin	-33.3%-16.5pp	-16.8%	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	2.9%+15.9pp	-13.0%-9.3pp	-3.7%-20.1pp	16.4%+8.2pp	8.2%+0.0pp	8.2%-18.3pp	26.5%+1.5pp	25.1%
Operating Margin	-139.0%+336.0pp	-475.0%-358.1pp	-116.9%-101.0pp	-15.9%-1.6pp	-14.3%-2.4pp	-11.9%+17.2pp	-29.1%-12.6pp	-16.4%
Net Margin	-1006.8%+1274.8pp	-2281.6%-1794.0pp	-487.6%-472.1pp	-15.4%+10.3pp	-25.7%-13.4pp	-12.3%+40.2pp	-52.5%-136.7pp	84.2%
Return on Equity	-23.6%+76.3pp	-99.9%-92.3pp	-7.6%+5.5pp	-13.1%+13.1pp	-26.3%-5.3pp	-21.0%+3.4pp	-24.3%-56.5pp	32.1%
Return on Assets	-22.4%+70.6pp	-92.9%-85.6pp	-7.3%-4.9pp	-2.4%+2.9pp	-5.3%-0.4pp	-4.9%+1.5pp	-6.5%-15.7pp	9.2%
Current Ratio	12.27-1.3	13.61-5.3	18.87+18.6	0.30-0.0	0.34-0.1	0.42+0.1	0.35+0.0	0.32
Debt-to-Equity	0.06-0.0	0.08+0.0	0.05-4.5	4.51+0.6	3.95+0.7	3.30+0.5	2.81+0.3	2.52
FCF Margin	N/A	-95.2%-64.6pp	-30.6%-21.8pp	-8.7%-18.8pp	10.1%+37.4pp	-27.3%-28.5pp	1.2%	N/A

Frequently Asked Questions

What is Eightco Holdings's annual revenue?

Eightco Holdings (ORBS) reported $33.0M in total revenue for fiscal year 2025. This represents a -16.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Eightco Holdings's revenue growing?

Eightco Holdings (ORBS) revenue declined by 16.8% year-over-year, from $39.6M to $33.0M in fiscal year 2025.

Is Eightco Holdings profitable?

No, Eightco Holdings (ORBS) reported a net income of -$262.0M in fiscal year 2025, with a net profit margin of -794.4%.

What is Eightco Holdings's EBITDA?

Eightco Holdings (ORBS) had EBITDA of -$57.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Eightco Holdings's gross margin?

Eightco Holdings (ORBS) had a gross margin of 1.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Eightco Holdings's operating margin?

Eightco Holdings (ORBS) had an operating margin of -173.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Eightco Holdings's net profit margin?

Eightco Holdings (ORBS) had a net profit margin of -794.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Eightco Holdings's return on equity (ROE)?

Eightco Holdings (ORBS) has a return on equity of -112.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Eightco Holdings's free cash flow?

Eightco Holdings (ORBS) generated -$11.0M in free cash flow during fiscal year 2025. This represents a -65.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Eightco Holdings's operating cash flow?

Eightco Holdings (ORBS) generated -$11.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Eightco Holdings's total assets?

Eightco Holdings (ORBS) had $250.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Eightco Holdings's capital expenditures?

Eightco Holdings (ORBS) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Eightco Holdings have outstanding?

Eightco Holdings (ORBS) had 206M shares outstanding as of fiscal year 2025.

What is Eightco Holdings's current ratio?

Eightco Holdings (ORBS) had a current ratio of 13.61 as of fiscal year 2025, which is generally considered healthy.

What is Eightco Holdings's debt-to-equity ratio?

Eightco Holdings (ORBS) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Eightco Holdings's return on assets (ROA)?

Eightco Holdings (ORBS) had a return on assets of -104.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Eightco Holdings's cash runway?

Based on fiscal year 2025 data, Eightco Holdings (ORBS) had $58.5M in cash against an annual operating cash burn of $11.0M. This gives an estimated cash runway of approximately 64 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Eightco Holdings's Altman Z-Score?

Eightco Holdings (ORBS) has an Altman Z-Score of 6.43, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Eightco Holdings's Piotroski F-Score?

Eightco Holdings (ORBS) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Eightco Holdings's earnings high quality?

Eightco Holdings (ORBS) has an earnings quality ratio of 0.04x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Eightco Holdings cover its interest payments?

Eightco Holdings (ORBS) has an interest coverage ratio of -14.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Eightco Holdings?

Eightco Holdings (ORBS) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.