Stock Analysis

Because the figures are not yet public, this article relies on the second-quarter report, issued on 29 July 2026, as the latest set of results. The third-quarter release will show whether the trends below have continued or changed, and it should be read alongside …

The company reported aGAAPnet loss of $1.5 million, of which $1.8 million came from continuing operations. Net loss attributable to common stockholders was $6.4 million. Non-GAAP operating income was $7.0 million, aMarginof 21%, up from $4.6 million a year earlier, while the GAAP operating …

The net loss narrowed to $5.1m, or $0.08 per share, from $7.1m, or $0.13, in the second quarter of 2025. Adjusted EBITDA was $12.8m, a 30% margin, compared with $6.6m and 18% a year earlier. Non-GAAPNet Incomewas $5.0m, or $0.08 per diluted share.

It also listed a $180 million stake in Beast Industries and a $76 million stake in Eightco Holdings, which it describes as "moonshots". Together with the crypto holdings, valued with ether at $2,356 per Coinbase, the company put total holdings at $15 billion.

Despite that, the company reported net income of $1.4m, compared with a net loss of $5.9m in the second quarter of 2025.Operating Incomewas $1.7m against an operating loss of $4.0m.Diluted Earnings per Sharewere $0.11, against a loss of $0.85 a year earlier. Adjusted EBITDA …

Both figures are company expectations rather than reported results. They matter because first-half net income was $2.1 million, which means the company is implicitly guiding for a higher second half.

Revenue was $321.1 million, up 9%, or 11% in constant currency. Remaining performance obligations, a measure of contracted future revenue, were $1.7 billion, up 15%, or 17% in constant currency. Billings were $309.5 million, up 17%. Short-term remaining performance obligations were $904.7 million, up …