Start here if you're new
what it is
Streamex tries to turn gold and other commodities into blockchain-based products.
how it gets paid
Last year Streamex made $40K in revenue. GLDY pre-sale was the main engine at $15K, or 38% of sales.
what just happened
Quarterly revenue was $27K, and EPS was -$1.42.
At a glance
C++ balance sheet — some cracks in the foundation
45/100 earnings predictability — expect surprises
-$0.75 fy2024 eps est
$0M fy2024 rev est
n/a operating margin
xvary composite: 42/100 — below average
What they do
Streamex tries to turn gold and other commodities into blockchain-based products.
You are betting on a 5-person team. That is a tiny crew for a $100M GLDY pre-sale and a 9.9% Empress stake. Your gold exposure and yield sit in one wrapper, so leaving is messy if it works.
How they make money
$40K
annual revenue
GLDY pre-sale
$15K
Commodity tokenization
$10K
Gold treasury management
$10K
Strategic investments
$5K
The products that matter
yield-bearing gold token
GLDY
announced launch · feb 2026
This is the thesis product. On a company with $13K in trailing revenue, GLDY does not need to be interesting. It needs to convert a concept into reported sales.
thesis product
tokenization platform buildout
Tokenization Infrastructure
build phase · funded by $40.25M raise
This is where the cash is going. The company raised $40.25M in January 2026 while EBITDA sat at -$28.55M. If the platform does not start producing revenue, the capital raise reads less like fuel and more like a timer.
cash sink
Key numbers
$346M
market cap
You are paying a $346M equity price for a company with $40K in annual revenue. That is the whole setup.
$40K
annual revenue
This is the actual top line from EDGAR. It is smaller than one nice watch collection.
5
employees
Five employees means execution risk is not abstract. One bad hire matters.
1.7
beta
A 1.7 beta means the stock moves about 70% more than the market. Your nerves will feel it.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 5 / 100
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for STEX right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Quarterly revenue was $27K, and EPS was -$1.42.
EDGAR shows revenue up 0% vs. prior year. EPS got worse by 202% vs. prior year. The company is still operating at a very small scale.
$27K
revenue
-$1.42
eps
n/a
n/a
the number that mattered
The $27K quarter mattered because it showed the business is still tiny.
source: company earnings report, 2026
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What could go wrong
STEX does not have the usual mature-company problem set. It has a proof problem: the valuation already assumes a business that the current revenue line does not support.
med
valuation before validation
The company has $13K in trailing revenue against a $346M market cap. Put those two numbers next to each other and the quiet part gets loud fast. If revenue stays tiny, the stock has very little operating proof to fall back on.
A reset from concept pricing to business pricing could hit a large share of the equity value.
med
cash burn and future dilution
Streamex posted -$28.55M in EBITDA and then raised $40.25M in January 2026. That financing helps. It does not erase the math. If losses stay near this level, more capital raises move from possibility to pattern.
Your ownership stake can shrink even if management keeps telling the same product story.
med
GLDY has to matter fast
GLDY is the flagship launch, but the snapshot gives you announcement timing, not adoption data. On a company with only $40K in annual revenue, a slow start is not a side issue. It is the thesis failing to convert into numbers.
Weak early uptake would leave investors underwriting a concept with no visible revenue engine.
med
extreme stock volatility
A 1.7 beta, a 52-week range of $0–$14, and price stability of 5 / 100 tell you this stock does not move like a quiet small cap. It jumps around while the business is still trying to define itself.
Even if the operating story improves, the share price can still be rough enough to force bad timing decisions.
If you buy STEX here, you are not buying proven economics. You are buying time, hope for product adoption, and tolerance for more financing if the revenue line stays small.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
Q4 2025 earnings on march 27, 2026
The estimate is -$0.05 EPS on $102K revenue. You want to see whether reported sales finally move beyond proof-of-concept territory.
metric
revenue versus the $13K trailing base
When your starting point is $13K in trailing revenue, even small absolute gains matter. Flat numbers would be a loud signal that commercialization is stalling.
trend
cash burn after the $40.25M raise
Fresh capital buys time. It does not fix the business by itself. If EBITDA stays near -$28.55M, the financing clock starts ticking again.
risk
GLDY adoption data
Any disclosure on users, custody, or transaction volume matters because GLDY is the product most likely to turn the story into evidence.
Analyst rankings
earnings predictability
45 / 100
The numbers are hard to model because the business is barely producing them. In human-speak, analysts do not have much operating history to trust.
beta
1.7
Beta measures how much a stock moves versus the market. In plain English: when the market gets jumpy, STEX has a history of getting jumpier.
balance sheet grade
C++
That is below-average balance sheet grade. You are not buying fortress finances here. You are buying time funded by outside capital.
source: institutional data
Institutional activity
institutional ownership data for STEX is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$3
current price
n/a
target midpoint · n/a from current
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