Streamex Corp. Reports Q3 2026 Net Loss Amid Pivot to Commodity Tokenization
Streamex Corp. (STEX) has completed a strategic pivot from healthcare technology to the tokenization of commodities, focusing on its GLDY gold-backed product. During the third quarter of 2026, the company reported a net loss of $17.5 million ($0.09 per share), an increase from the previous quarter's $14.6 million loss, driven primarily by higher operating expenses and legal costs. Despite the losses, Streamex saw significant growth in its GLDY assets under management, reaching a market value of $14 million. The company also successfully doubled its outside institutional ownership to 17.7%. Management is currently working to reduce monthly cash burn from $1.5 million back toward their target range of $1.1 million to $1.3 million by cutting professional and legal expenditures.
