Streamex Corp. Provides Q1 2026 Earnings and Corporate Update Presentation Recap; Highlights New Partnerships & Key Updates - Seite 2

Morgan Lekstrom, Co-Founder & Executive Chairman of Streamex, opened the call:

“This was the quarter Streamex went from preparation to proof. We launched our first product, paid our first dividends to GLDY holders, retired all of our convertible debt, and strategically built an institutional partnership ecosystem that we believe uniquely positions the Company for substantial, scalable growth.”

Q1 2026 Highlights

Management highlighted Q1 2026 as a quarter defined by proof of product and platform. Key milestones included the successful launch of GLDY, the distribution of the first investor dividend, a fully deleveraged balance sheet with $45.85 million in cash and investments, and the formation of a comprehensive institutional partnership ecosystem. The Company also resolved the early KYC vendor integration issue that had slowed initial onboarding, with a dedicated sales and service team now actively working through the backlog of prospective investor accounts.

Q1 2026 Financial Results

Christine Plummer, CFO, presented Q1 financials, noting that the Company did not recognize GAAP revenue in the quarter, consistent with Q1 2025, as GLDY launched late in the quarter and meaningful subscription activity only began ramping in the final weeks of March. The company anticipates revenue to begin reflecting in subsequent quarters as AUM scales and distribution channels come online.

Total operating expenses were $35.7 million, of which $25.4 million was non-cash stock-based compensation and $1.5 million was depreciation and amortization. Cash operating expenses reflect deliberate investment in platform, compliance, and go-to-market capacity, not run-rate burn.

The balance sheet closed Q1 in a materially stronger position: $45.85 million in cash and investments, total assets of $173.3 million, total liabilities of $14.0 million (reduced from $54.2 million at year-end 2025), shareholders’ equity of $159.3 million, and zero debt. Three coordinated capital actions drove this outcome: the full retirement of $50 million in aggregate principal of convertible debentures, a $40.25 million gross proceeds equity raise in January 2026, and the sale of gold bullion generating $26.4 million in proceeds against a $23.5 million carrying value.

Schreibe Deinen Kommentar