Based on the provided financial report articles, I generated the title for the article: "Consolidated Balance Sheets and Statements of Changes in Stockholders' Equity (Deficit) for the Quarter Ended June 30, 2026, and for the Year Ended December 31, 2025, and the Three and Six Months Ended June 30, 2026, and June 30, 2025, and the Year Ended December 31, 2025" Please note that this title is generated based on the provided text and may not be the actual title of the article.
Based on the provided financial report articles, I generated the title for the article: "Consolidated Balance Sheets and Statements of Changes in Stockholders' Equity (Deficit) for the Quarter Ended June 30, 2026, and for the Year Ended December 31, 2025, and the Three and Six Months Ended June 30, 2026, and June 30, 2025, and the Year Ended December 31, 2025" Please note that this title is generated based on the provided text and may not be the actual title of the article.
The financial report presents the financial statements of the company for the quarter ended June 30, 2026, as well as the year ended December 31, 2025. The company reported total assets of $[amount] as of June 30, 2026, and total liabilities of $[amount]. The company’s net income for the quarter ended June 30, 2026 was $[amount], compared to a net loss of $[amount] for the same period in the prior year. The company’s diluted earnings per share (EPS) for the quarter ended June 30, 2026 was $[amount], compared to a diluted EPS of $[amount] for the same period in the prior year. The company’s cash and cash equivalents as of June 30, 2026 were $[amount], and the company had no debt outstanding as of that date. The company’s stockholders’ equity as of June 30, 2026 was $[amount], and the company’s book value per share was $[amount].
Business Overview
Streamex Corp. (“Streamex”) is a company developing digital infrastructure for the tokenization and exchange of real-world assets, with an initial focus on physical gold and gold-linked financial products. In May 2025, Streamex acquired Streamex Exchange Corporation, expanding beyond its historical focus as a medical-device technology company.
Streamex operates its tokenized gold program through Streamex Ltd., a Cayman Islands special-purpose entity that Streamex consolidates as a variable interest entity. Streamex Ltd. issues GLDY tokens, which represent non-voting participating equity interests designed to provide holders with economic exposure to physical gold bullion and gold-denominated leasing returns.
During the six months ended June 30, 2026, Streamex launched the GLDY token program, acquired physical gold bullion to back the program, earned its first gold lease income, and made other investments. Streamex also completed a public offering and settled its outstanding convertible debt, eliminating all outstanding debt.
Results of Operations
Comparison of the Three Months Ended June 30, 2026 and 2025
| Metric | Q2 2026 | Q2 2025 | $ Change | % Change |
|---|---|---|---|---|
| Gold lease income | $146 | $- | $146 | NM |
| General and administrative | $13,836 | $19,811 | $(5,975) | (30.2)% |
| Depreciation and amortization | $1,471 | $554 | $917 | 165.5% |
| Loss from operations | $(15,161) | $(20,365) | $5,204 | 25.6% |
| Total other income (expense), net | $105 | $(3) | $108 | NM |
| Loss before income taxes | $(15,056) | $(20,368) | $5,312 | 26.1% |
| Income tax benefit | $505 | $- | $505 | NM |
| Net loss | $(14,551) | $(20,368) | $5,817 | 28.6% |
| Net loss attributable to Streamex Corp. | $(14,552) | $(20,372) | $5,820 | 28.6% |
Gold Lease Income Streamex earned $146 in gold lease income during the three months ended June 30, 2026, compared to no income in the prior-year period. This income is earned by deploying Streamex’s own physical gold into a third-party leasing program.
General and Administrative Expense General and administrative expense decreased by 30.2% to $13,836, driven primarily by a decrease in stock-based compensation.
Depreciation and Amortization Expense Depreciation and amortization expense increased by 165.5% to $1,471, reflecting a full quarter of amortization of intangible assets recognized in the Streamex Exchange acquisition.
Other Income (Expense), Net Total other income, net, was $105, compared to $3 of other expense, net, in the prior-year period.
Income Tax Benefit Streamex recognized a $505 income tax benefit, compared to none in the prior-year period.
Net Loss and Loss Per Share Net loss improved by 28.6% to $14,551, driven by lower operating expenses and the commencement of gold lease income. Loss per share was $(0.08), compared to $(0.74) in the prior-year period.
Comparison of the Six Months Ended June 30, 2026 and 2025
| Metric | H1 2026 | H1 2025 | $ Change | % Change |
|---|---|---|---|---|
| Gold lease income | $146 | $- | $146 | NM |
| General and administrative | $48,089 | $22,773 | $25,316 | 111.2% |
| Depreciation and amortization | $2,963 | $577 | $2,386 | 413.5% |
| Loss from operations | $(50,906) | $(23,350) | $(27,556) | (118.0)% |
| Total other income (expense), net | $(11,409) | $181 | $(11,590) | NM |
| Loss before income taxes | $(62,315) | $(23,169) | $(39,146) | (169.0)% |
| Income tax benefit | $1,070 | $- | $1,070 | NM |
| Net loss | $(61,245) | $(23,169) | $(38,076) | (164.3)% |
| Net loss attributable to Streamex Corp. | $(61,245) | $(23,185) | $(38,060) | (164.2)% |
The key differences in the six-month period were:
- Increase in general and administrative expense, driven by higher stock-based compensation and other costs related to the Streamex Exchange acquisition and platform expansion.
- Increase in depreciation and amortization expense due to a full six months of amortization of acquired intangible assets.
- Increase in other expense, net, primarily due to interest expense and a loss on extinguishment of convertible debentures.
- Increase in net loss, reflecting the higher operating expenses and debenture-related costs.
Liquidity and Capital Resources
As of June 30, 2026, Streamex had working capital of $32,841 and cash of $5,605. During the six-month period, the company:
- Completed a $37,184 public offering
- Received $21,003 from the sale of marketable securities and $26,410 from the sale of gold bullion
- Paid $38,903 to settle its outstanding convertible debentures
Streamex’s principal sources of liquidity include cash, marketable securities, digital assets, and its investment in Metalayer. The company is evaluating strategic alternatives for its PURE EP patent portfolio, but has not received any definitive offers as of June 30, 2026.
Streamex expects to continue incurring operating losses and negative cash flows until its digital infrastructure platform achieves sustained commercial scale. The company’s future capital requirements will depend on the pace of platform development, investor adoption, regulatory requirements, and other factors. Streamex may seek additional capital through various financing options, but there is no assurance that additional financing will be available on acceptable terms.
Critical Accounting Estimates
Streamex’s critical accounting estimates include:
- Stock-based compensation for awards with market conditions
- Consolidation of variable interest entities like Streamex Ltd.
- Measurement of gold lease income and gold-denominated consideration
These estimates involve significant assumptions and judgments that could materially impact Streamex’s financial statements.