Streamex Corp. (STEX)
NASDAQ:STEX
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Streamex
(NASDAQ:STEX)
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Rating:49Neutral
Price Target:
$0.98
▼(-11.98% Downside)
Action:Reiterated
Date:06/10/26
STEX scores low primarily due to very weak fundamentals (negligible revenue, large losses, and ongoing negative free cash flow) and a bearish technical trend (below key moving averages). The score is partially supported by earnings-call positives—deleveraged balance sheet (0 debt), improved liquidity/runway, and concrete product/partner catalysts—though near-term revenue is still modest and costs are high.
Positive Factors
Clean capital structure & runway
Zero reported debt and ~ $45.9M of cash/marketable securities materially reduce near-term solvency risk and extend runway. This durable liquidity position gives management time to execute product launches, scale distribution, and seek AUM-driven revenue without immediate refinancing pressure.
Negative Factors
Negligible GAAP revenue
Zero reported revenue shows product commercialization is still early and recurring monetization is unproven. Over the medium term, sustained lack of GAAP revenue undermines margin leverage and forces reliance on AUM growth and external funding before profitability or positive operating leverage can be established.
Read all positive and negative factors
Positive Factors
Negative Factors
Clean capital structure & runway
Zero reported debt and ~ $45.9M of cash/marketable securities materially reduce near-term solvency risk and extend runway. This durable liquidity position gives management time to execute product launches, scale distribution, and seek AUM-driven revenue without immediate refinancing pressure.
Read all positive factors
Streamex (STEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$88.63M
Dividend YieldN/A
Average Volume (3M)1.65M
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue Growth-100.00%
EPS Growth-1501.72%
CountryUS
Employees5
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-10.69
Shares Outstanding104,274,820
10 Day Avg. Volume1,496,476
30 Day Avg. Volume1,645,240
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.09
Price to Sales (P/S)0.00
P/FCF Ratio-13.93
Enterprise Value/Market Cap0.34
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-32.05
Enterprise Value/Ebitda-0.06
Forecast
1Y Price Target
$8.00Price Target Upside620.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$8.70M
Streamex Business Overview & Revenue Model
Company Description
Streamex Corp., previously known as BioSig Technologies, Inc., officially assumed its new name on September 12, 2025, after completing a merger with Streamex Exchange Corporation. The company has since pivoted its core business strategy, moving fr...
How the Company Makes Money
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Streamex Earnings Call Summary
Earnings Call Date:May 20, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Mar 15, 2027
Earnings Call Sentiment Neutral
The call presented meaningful operational and strategic progress: a live product (GLDY) with early proof points (NAV tracking, paid dividends, attestation in progress), a strengthened balance sheet after retiring $50M convertible debt and raising ~$40.25M, and high-impact institutional partnerships (Orca, Wintermute, Equity Trust) that materially improve distribution and liquidity prospects. Offsetting these positives are a large quarter loss driven by noncash items, a steep increase in operating expenses (≈+1,090% YoY), no GAAP revenue in the quarter, modest early AUM (~$14M) and initial onboarding delays that slowed the ramp. Management articulated a clear roadmap and near-term catalysts (partnerships going live, GLDC/SLVC launches) while emphasizing runway coverage. Overall, the call balanced tangible foundational progress and credible near-term growth levers against typical early-stage commercialization risks and high initial costs.Positive Updates
Strong Liquidity and Clean Capital Structure
Closed Q1 with $45.85 million in combined cash, marketable securities and GLDY-held gold; total assets $173.3 million, shareholders' equity $159.3 million, and 0 debt following full retirement of $50 million convertible debenture. Total liabilities reduced from $54.2 million to $14 million (≈74% decrease).
Negative Updates
Large Reported Comprehensive Loss
Comprehensive loss of $48.6 million for the quarter. A substantial portion was noncash: $25.4 million stock-based compensation and $12.2 million noncash acceleration of debt discount and issuance costs tied to the retired convertible debenture.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Liquidity and Clean Capital Structure
Closed Q1 with $45.85 million in combined cash, marketable securities and GLDY-held gold; total assets $173.3 million, shareholders' equity $159.3 million, and 0 debt following full retirement of $50 million convertible debenture. Total liabilities reduced from $54.2 million to $14 million (≈74% decrease).
Read all positive updates
Company Guidance
Management guided that Streamex ended Q1 with $45.85M in cash and investments, total assets of $173.3M and shareholders’ equity of $159.3M (0 debt) after raising ~$40.25M in January, selling LBMA bullion for ~$26.4M (realized gain $2.9M) and fully retiring $50M of convertible debentures—cutting liabilities from $54.2M at YE‑2025 to $14M—with operating cash use of $10.2M, working capital of $42.6M, cash on hand of $6.9M plus marketable securities and management expects >12 months runway at current burn. They reiterated near‑term revenue will be modest (no GAAP revenue recognized in Q1) as product revenue ramps with AUM growth, noting a Q1 comprehensive loss of $48.6M (including $25.4M noncash stock‑based comp and $12.2M noncash debt‑related charges), operating expense of $35.7M (vs. $3.0M prior year) and $1.5M of D&A. Product and go‑forward guidance: GLDY had 3,096.6 ounces (~$14M AUM) and has distributed 10.48 ounces in dividends, NAV tracks gold with an independent attestation in process; key distribution and liquidity partners (Equity Trust providing access to $72B/359,000 IRAs, Wintermute enabling T+0 mint/redemptions, Orca enabling 24/7 secondary trading) are coming live, GLDC and SLVC are targeted for early–mid Q3 2026 with expanded GLDY functionality and a royalties/streams pilot slated for Q4 2026, and the minimum investment threshold has been cut from $200k to $25k.Streamex Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 40.00K | 18.00K | 286.00K | 441.00K |
| Gross Profit | 0.00 | 40.00K | 18.00K | 229.00K | 242.00K |
| EBITDA | -458.89M | -12.42M | -28.15M | -26.97M | -33.21M |
| Net Income | -462.77M | -10.33M | -29.04M | -27.05M | -31.92M |
Balance Sheet | |||||
| Total Assets | 187.54M | 842.00K | 1.80M | 4.11M | 15.52M |
| Cash, Cash Equivalents and Short-Term Investments | 30.02M | 155.00K | 293.00K | 458.00K | 11.66M |
| Total Debt | 38.02M | 102.00K | 452.00K | 765.00K | 656.00K |
| Total Liabilities | 54.22M | 2.26M | 4.68M | 3.71M | 2.95M |
| Stockholders Equity | 133.19M | -1.44M | -2.91M | 418.00K | 12.35M |
Cash Flow | |||||
| Free Cash Flow | -10.44M | -4.76M | -17.50M | -21.87M | -26.94M |
| Operating Cash Flow | -10.44M | -4.76M | -17.31M | -21.70M | -26.40M |
| Investing Cash Flow | -24.25M | 0.00 | -186.00K | -168.00K | -542.00K |
| Financing Cash Flow | 54.88M | 4.71M | 17.33M | 10.57M | 10.33M |
Streamex Technical Analysis
Negative
1.11
Price Trends
1.05
Negative
1.59
Negative
3.03
Negative
Market Momentum
-0.07
Positive
37.81
Neutral
6.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For STEX, the sentiment is Negative. The current price of 1.11 is below the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.05, and below the 200-day MA of 3.03, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 37.81 is Neutral, neither overbought nor oversold. The STOCH value of 6.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for STEX.
Streamex Risk Analysis
Streamex disclosed 87 risk factors in its most recent earnings report. Streamex reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Streamex Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $330.31M | 1.53 | 80.64% | 5.39% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | $163.86M | -4.19 | -20.38% | 17.91% | ― | ― | |
50 Neutral | $121.63M | 34.37 | 4.81% | 5.42% | 0.36% | -68.20% | |
49 Neutral | $88.63M | -0.08 | -719.15% | ― | -100.00% | -1501.72% | |
49 Neutral | $193.25M | 4.49 | 12.12% | 17.28% | 18.91% | 14.29% |
* Financial Sector Average
STEX
Streamex
0.85
-7.46
-89.77%
SSSS
SuRo Capital
12.67
4.86
62.17%
EARN
Ellington Residential Mortgage
4.36
-0.43
-8.96%
TPVG
TriplePoint Venture Growth
4.76
-0.97
-16.93%
SAMG
SilverCrest Asset Management
10.30
-4.62
-30.96%
Streamex Corporate Events
Business Operations and StrategyProduct-Related Announcements
Streamex Launches 24/7 Decentralized Liquidity for Tokenized Securities
Positive
May 28, 2026
On May 27, 2026, Streamex Corp. announced the launch of a 24/7 decentralized secondary liquidity infrastructure for trading tokenized securities, built with Solana-based automated market maker Orca and debuting with GLDY, its gold-backed, yield-be...
Business Operations and StrategyExecutive/Board Changes
Streamex Hires VP to Lead GLDY Product Transformation
Positive
May 27, 2026
On May 26, 2026, Streamex Corp. announced it had appointed veteran fintech and SaaS product leader Kori Handy as Vice President of Product and Design, bringing nearly two decades of experience from firms including Microsoft, PayPal, Groundfloor an...
Business Operations and StrategyExecutive/Board Changes
Streamex Enhances Executive Compensation and Board Representation
Positive
May 4, 2026
On April 28, 2026, Streamex Corp. appointed its Chief Investment Officer, Mitchell Young Williams, as a non-independent director for a term running until the 2026 annual shareholders’ meeting, and reported no related-party or family relation...
Financial DisclosuresRegulatory Filings and Compliance
Streamex Hosts Webcast on 2025 Financial Results
Neutral
Apr 10, 2026
On April 8, 2026, Streamex Corp. held a webcast to review its financial results for the year ended Dec. 31, 2025, and to provide corporate updates to investors. The company made the webcast presentation available through the investor section of it...
Business Operations and StrategyRegulatory Filings and Compliance
Streamex Executives Extend Lock-Up, Reaffirm Shareholder Alignment
Positive
Mar 27, 2026
On March 26, 2026, Streamex co-founders and largest shareholders Henry McPhie and Morgan Lekstrom, who serve as CEO and executive chairman, voluntarily entered into one-year lock-up agreements preventing them from selling or transferring their com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.