Monitor partnership go-live dates (Equity Trust, Wintermute, Orca) and GLDY AUM growth in subsequent quarters as key catalysts. The lack of revenue and high cash burn rate (despite deleveraging) suggest near-term price action may be driven by partnership execution rather than financials.
Price Chart
Executive Summary
Streamex Corp. held its Q1 2026 earnings presentation, reporting no GAAP revenue (consistent with Q1 2025) and $35.7M in operating expenses, of which $25.4M was non-cash stock-based compensation. The company highlighted a strengthened balance sheet with $45.85M cash, zero debt, and the launch of GLDY, a gold-backed tokenized security with ~$14M AUM, alongside partnerships with Equity Trust, Wintermute, and Orca for distribution and liquidity.
Key Financial Metrics
Key Facts
- No GAAP revenue recognized in Q1 2026, consistent with Q1 2025.
- Total operating expenses of $35.7M, including $25.4M non-cash stock-based compensation.
- Cash and investments of $45.85M, zero debt, and shareholders' equity of $159.3M.
- GLDY tokenized gold product launched with ~$14M AUM (3,096 oz) and first dividend of 10.48 oz distributed.
- Company expects revenue to begin reflecting in subsequent quarters as AUM scales.
Financial Impact
No GAAP revenue; $35.7M operating expenses; $45.85M cash; zero debt; ~$14M GLDY AUM
Risk Factors
- No GAAP revenue and high cash operating expenses may lead to cash burn concerns if AUM growth stalls.
- Partnership integrations may face delays or lower-than-expected adoption.
- Regulatory risks in tokenized securities and digital asset markets.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3299210 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $0.3750 | awaiting T+5 | — | $0.4370 (+16.53%) |
Oct 9, 2026 17d ago | 8-K | $0.4839 $0.3710 | ▲ +23.33% | ▲ +21.84% | $0.4370 (+9.69%) |
Sep 30, 2026 26d ago | 8-K | $0.6123 $0.5058 | ▼ −17.39% | ▼ −18.69% | $0.4370 (−28.63%) |
Sep 16, 2026 5w ago | Press Release | $0.6368 $0.7716 | ▲ +21.17% | ▲ +20.57% | $0.4370 (−31.38%) |
Aug 21, 2026 9w ago | 8-K | $0.8332 $0.7718 | ▼ −7.37% | ▼ −7.84% | $0.4370 (−47.55%) |
Aug 14, 2026 10w ago | Press Release | $0.8966 $0.7649 | ▲ +14.69% | ▲ +13.50% | $0.4370 (+51.26%) |
Jul 17, 2026 14w ago | Press Release | $0.7832 $0.7640 | ▼ −2.45% | ▼ −1.76% | $0.4370 (−44.20%) |
Jun 2, 2026 20w ago | Insider Cluster | $1.07 $0.9210 | ▼ −13.93% | ▼ −10.11% | $0.4370 (−59.16%) |
May 28, 2026 21w ago | Insider Cluster | $1.51 $1.07 | ▼ −29.14% | ▼ −29.09% | $0.4370 (−71.06%) |
May 26, 2026 21w ago | Press Release | $1.41 $1.37 | ▼ −2.84% | ▼ −3.92% | $0.4370 (−69.01%) |
US Market Status
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