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The company's financial position remains highly volatile, with retained earnings reaching a deficit of $450.7 million as of 2026Q1, reflecting a history of significant value destruction.
Eightco Holdings Inc. (ORBS) balance sheet — 5-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Total Current Assets | 291.45M | 244.67M | 12.47M | 14.75M | 14.08M | 8.97M |
| Cash & Short-Term Investments | 61.93M | 58.5M | 239.19K | 5.25M | 5.58M | 911.19K |
| Cash Only | 11M | 58.5M | 239.19K | 5.25M | 5.58M | 911.19K |
| Short-Term Investments | 50.93M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 101.26K | 433.82K | 1.59M | 1.36M | 1.26M | 867.03K |
| Days Sales Outstanding | 5.48 | 4.8 | 14.67 | 7.32 | 14.49 | 40.19 |
| Inventory | 502.12K | 7.81M | 7.83M | 5.97M | 4.5M | 110.66K |
| Days Inventory Outstanding | 72.89 | 87.88 | 85.01 | 35.52 | 55.46 | 7.11 |
| Other Current Assets | 228.92M | 176.16M | 1.72M | 1.57M | 1.04M | 0 |
| Total Non-Current Assets | 116.04M | 5.52M | 38.38M | 40.66M | 44.52M | 5.01M |
| Property, Plant & Equipment | 0 | 5.17K | 5.45K | 5.22K | 1.39M | 1.01M |
| Fixed Asset Turnover | 9713.41x | 6376.86x | 7267.29x | 12939.17x | 22.90x | 7.81x |
| Goodwill | 0 | 0 | 22.32M | 22.32M | 22.32M | 0 |
| Intangible Assets | 0 | 0 | 13.83M | 16.11M | 18.58M | 0 |
| Long-Term Investments | 228.71M | 1000K | 0 | 0 | 0 | 4M |
| Other Non-Current Assets | 4.44M | 4.52M | 2.22M | 2.22M | 2.22M | 0 |
| Total Assets | 407.49M | 250.19M | 50.85M | 55.41M | 58.6M | 13.98M |
| Asset Turnover | 0.07x | 0.13x | 0.78x | 1.22x | 0.54x | 0.56x |
| Asset Growth % | 2366.33% | 392.04% | -8.23% | -5.44% | 319.22% | - |
| Total Current Liabilities | 13.42M | 17.98M | 29.81M | 39.53M | 13.92M | 7.51M |
| Accounts Payable | 2.46M | 3.54M | 2.36M | 2.52M | 2.17M | 171.17K |
| Days Payables Outstanding | 41.18 | 39.81 | 25.62 | 14.98 | 26.78 | 11 |
| Short-Term Debt | 8.07M | 10.74M | 21.88M | 22.76M | 1.85M | 15.53K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 83.5K | 7M |
| Other Current Liabilities | 2.88M | 480.51K | 537.72K | 473.08K | 53.59K | 7.55K |
| Current Ratio | 21.72x | 13.61x | 0.42x | 0.37x | 1.01x | 1.19x |
| Quick Ratio | 21.68x | 13.18x | 0.16x | 0.22x | 0.69x | 1.18x |
| Cash Conversion Cycle | 37.18 | 52.87 | 74.05 | 27.86 | 43.17 | 36.3 |
| Total Non-Current Liabilities | 0 | 0 | 9.52M | 20.23M | 38.87M | 4.29M |
| Long-Term Debt | 0 | 0 | 9.52M | 14.13M | 32.66M | 4.21M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 26.56K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 82.1K | 82.1K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 6.1M | 6.1M | 0 |
| Total Liabilities | 13.42M | 17.98M | 39.33M | 59.76M | 52.79M | 11.81M |
| Total Debt | 8.07M | 10.74M | 31.4M | 36.9M | 34.58M | 4.23M |
| Net Debt | -2.93M | -47.76M | 31.16M | 31.65M | 29M | 3.31M |
| Debt / Equity | 0.02x | 0.05x | 2.73x | - | 5.95x | 1.95x |
| Debt / EBITDA | -0.13x | - | - | - | - | - |
| Net Debt / EBITDA | 0.05x | - | - | - | - | - |
| Interest Coverage | -154.57x | -63.20x | 1.03x | -4.98x | -5.84x | 4.29x |
| Total Equity | 394.07M | 232.22M | 11.52M | -4.35M | 5.81M | 2.17M |
| Equity Growth % | 12401.02% | 1916.49% | 364.86% | -174.82% | 167.63% | - |
| Book Value per Share | 0.99 | 3.67 | 5.81 | -1.50 | 18.56 | 13.84 |
| Total Shareholders' Equity | 394.49M | 232.63M | 11.93M | -3.93M | 6.13M | 2.3M |
| Common Stock | 429.78K | 205.63K | 2.48K | 941 | 633 | 0 |
| Retained Earnings | -433.02M | -374.58M | -112.57M | -113.28M | -44.96M | 2.3M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 801.8K | 979.98K | 368.48K | 723.3K | 467.67K | 0 |
| Minority Interest | -414.51K | -414.51K | -414.51K | -414.5K | -316.51K | -128.86K |
Quick answers to the most common questions about buying ORBS stock.
As of 2025, Eightco Holdings Inc. (ORBS) had total assets of $250.2M including $244.7M in current assets.
Eightco Holdings Inc. (ORBS) carries total debt of $10.7M, offset by $58.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Eightco Holdings Inc. (ORBS) has total shareholders' equity (book value) of $232.6M ($3.67 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Eightco Holdings Inc. (ORBS) reported a current ratio of 13.61x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Rapid capital erosion risk
Metrics are mathematically derived from official filings.
Balance Sheet Volatility and Contraction
As reported in recent financial filings, Eightco Holdings' total assets plummeted from $355.5 million in 2025Q3 to $340.6 million by 2026Q1, reflecting a volatile trajectory that underscores the company's struggle to stabilize its financial position while transitioning away from its legacy corrugated packaging operations.
The rapid fluctuation in asset levels suggests that the company is undergoing significant structural changes, likely involving asset liquidations or impairments. Investors should monitor whether this contraction represents a necessary pruning of non-core assets or an uncontrolled erosion of the company's underlying value base.
Liquidity Buffer Masks Operational Burn
Based on the provided balance sheet data, Eightco Holdings reported a cash position of $7.5 million in 2026Q1, a sharp decline from the $58.5 million held in 2025Q4, indicating that the company is consuming its liquidity reserves at an alarming rate to fund ongoing operations.
While the current ratio of 12.27 appears superficially strong, it is likely distorted by the rapid depletion of cash and the lack of meaningful current liabilities. This liquidity profile suggests that the company may face significant funding constraints in the near term if the current cash burn rate persists.
Equity Quality Eroded by Losses
According to historical financial statements, retained earnings have reached a deficit of $450.7 million as of 2026Q1, which highlights a persistent history of value destruction that continues to weigh heavily on the company's total equity position despite recent capital-raising efforts.
The massive accumulated deficit suggests that the company's historical capital allocation has been largely ineffective at generating shareholder value. Future equity stability appears highly dependent on the success of the current strategic pivot, as the current deficit leaves little room for further operational missteps.
Hidden Risks in Asset Composition
As indicated by the balance sheet, the complete absence of goodwill and net PPE in 2026Q1, compared to $22.3 million in goodwill previously, suggests that the company has aggressively written down its intangible assets, potentially masking the true extent of its past operational failures.
The sudden disappearance of these assets warrants further investigation into whether this reflects a clean-slate strategy or a desperate attempt to clean up the balance sheet. This lack of tangible asset backing leaves the company's valuation almost entirely dependent on the speculative success of its new AI-centric pivot.