Fabric.AI (FABC)
Market Price (7/26/2026): $2.56 | Market Cap: $3.7 MilSector: Consumer Discretionary | Industry: Automobile Manufacturers
Fabric.AI (FABC)
Market Price (7/26/2026): $2.56Market Cap: $3.7 MilSector: Consumer DiscretionaryIndustry: Automobile Manufacturers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -175% Megatrend and thematic driversMegatrends include Artificial Intelligence, and Cloud Computing. Themes include AI Software Platforms, Data Centers & Infrastructure, Show more. | Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -68% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -10 Mil Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -92% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -665% High stock price volatilityVol 12M is 165% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 120% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -175% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Cloud Computing. Themes include AI Software Platforms, Data Centers & Infrastructure, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -40%, 3Y Excs Rtn is -68% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -10 Mil |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -92% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -665% |
| High stock price volatilityVol 12M is 165% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 120% |
Qualitative Assessment
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Fabric.AI (FABC) stock has lost about 5% since it went public on 4/30/2026 because of the following key factors:
1. Continued lack of revenue and increased net loss in fiscal Q1 2026. Fabric.AI reported zero revenue in its fiscal Q1 2026 earnings, announced on May 15, 2026. The company also posted a consolidated net loss attributable to common stockholders of $3.52 million for the quarter, a significant increase from a net income of $845,011 in fiscal Q1 2025.
2. Share dilution and substantial potential for further dilution. Shareholders have experienced significant dilution, with a 173% increase in shares outstanding over the past year. Additionally, prior to its IPO, on April 27, 2026, Fabric.AI (then StableX Technologies) completed a private placement of Series K convertible preferred shares totaling $21.5 million. These shares are initially convertible into up to 8,565,737 common shares at a conversion price of $2.51 per share, representing substantial potential future dilution.
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Fabric.AI (FABC) stock has lost about 5% since it went public on 4/30/2026 because of the following key factors:
1. Continued lack of revenue and increased net loss in fiscal Q1 2026. Fabric.AI reported zero revenue in its fiscal Q1 2026 earnings, announced on May 15, 2026. The company also posted a consolidated net loss attributable to common stockholders of $3.52 million for the quarter, a significant increase from a net income of $845,011 in fiscal Q1 2025.
2. Share dilution and substantial potential for further dilution. Shareholders have experienced significant dilution, with a 173% increase in shares outstanding over the past year. Additionally, prior to its IPO, on April 27, 2026, Fabric.AI (then StableX Technologies) completed a private placement of Series K convertible preferred shares totaling $21.5 million. These shares are initially convertible into up to 8,565,737 common shares at a conversion price of $2.51 per share, representing substantial potential future dilution.
3. High stock price volatility and "Sell" analyst consensus. Fabric.AI's stock has exhibited high volatility, with an average weekly change of 17% over the past three months, which is considered a major risk. The company has also received a consensus "Sell" rating from analysts.
4. Resale registration filing for a large volume of shares. On July 2, 2026, Fabric.AI filed a resale registration statement covering up to 187.2 million shares. This substantial increase in the potential supply of shares available for trading can exert downward pressure on the stock price.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
3/31/2026 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FABC | ||
| Market (SPY) | 13.6% | 31.2% |
| Sector (XLY) | 0.4% | 35.9% |
Fundamental Drivers
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Market Drivers
12/31/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FABC | ||
| Market (SPY) | 8.7% | 31.2% |
| Sector (XLY) | -8.2% | 35.9% |
Fundamental Drivers
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Market Drivers
6/30/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FABC | ||
| Market (SPY) | 20.6% | 31.2% |
| Sector (XLY) | 1.3% | 35.9% |
Fundamental Drivers
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Market Drivers
6/30/2023 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FABC | ||
| Market (SPY) | 72.6% | 31.2% |
| Sector (XLY) | 31.8% | 35.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FABC Return | - | - | - | - | - | -2% | -2% |
| Peers Return | 58% | -58% | 38% | 14% | 39% | -7% | 34% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| FABC Win Rate | - | - | - | - | - | 25% | |
| Peers Win Rate | 65% | 33% | 54% | 54% | 63% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| FABC Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -27% | -66% | -38% | -40% | -30% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: F, FABC, TSLA, GM, RIVN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/24/2026 (YTD)
How Low Can It Go
FABC has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 37 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.6% | -9.5% |
| % Gain to Breakeven | 15.8% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.4% | 23.8% |
| Time to Breakeven | 98 days | 105 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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FABC has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.0% | -53.4% |
| % Gain to Breakeven | 104.3% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Fabric.AI (FABC)
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Joshua Silverman
Chief Executive Officer and Executive Chairman
Mr. Silverman was appointed Chief Executive Officer of Fabric.AI (formerly StableX Technologies) in December 2023. Prior to this, he held numerous leadership roles, including CEO of Etsy from 2017 to 2025, where he was credited with revitalizing the company and leading its growth, and overseeing the acquisition of Depop for $1.6 billion. He also served as CEO of Skype from 2008 to 2010 and CEO of Shopping.com, an eBay company, from 2006 to 2008. Earlier in his career, Mr. Silverman co-founded Evite, an online invitation platform, which was acquired by IAC/InterActiveCorp in 2001. He was also the President of Consumer Products and Services at American Express and an Executive in Residence at the venture capital firm Greylock Partners. Additionally, Mr. Silverman was a co-founder and managing partner of Iroquois Capital Management, LLC, an investment advisory firm, and co-chief investment officer of Vertical Ventures, LLC, a merchant bank.Joseph Ramelli
Chief Financial Officer
Mr. Ramelli was appointed Chief Financial Officer of StableX Technologies (now Fabric.AI) in August 2024. He brings nearly 30 years of experience in the Biotechnology, Biopharmaceutical, and Financial Services industries. His past roles include serving as Interim Chief Financial Officer from 2020 to 2021 and being a founding member of ValenzaBio, where he was responsible for establishing and expanding all finance functions. From 2016 to 2018, Mr. Ramelli served as Chief Executive Officer of Marina Biotech. He is also an investor and strategic advisor with Ramelli Asset Management and, since 2023, has held the position of Vice President of Business Development at Origin Agritech Ltd.AI Analysis | Feedback
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Expected Drivers of Future Revenue Growth for Fabric.AI (FABC)
Fabric.AI (FABC) is strategically repositioning itself as an AI infrastructure company, shifting its focus from digital assets to developing advanced semiconductor technologies for "AI factories." Over the next 2-3 years, several key drivers are expected to fuel its revenue growth:
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Development and Commercialization of MicroLED-based Optical Interconnect Technology: Fabric.AI's primary near-term revenue driver is the development and commercialization of its MicroLED-based optical interconnect technology. This initiative, undertaken in partnership with Kopin Corporation, is described as the company's "first major product initiative" and aims to address bottlenecks in AI data centers, targeting a market opportunity estimated at well over $100 billion.
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Expansion of Fabless Semiconductor Technologies for AI Workloads: Beyond its initial MicroLED interconnects, Fabric.AI plans to develop a broader suite of fabless semiconductor technologies. This expansion into a wider range of solutions for artificial intelligence workloads positions the company to capture additional market share within the rapidly growing AI infrastructure sector.
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Strategic Partnerships and Collaborations: The company's strategic partnership with Kopin Corporation is crucial for the successful development and deployment of its MicroLED technology, leveraging Kopin's expertise in programmable MicroLEDs. Continued and future collaborations with technology partners could accelerate product innovation, market reach, and overall revenue generation.
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Growing Demand for AI Infrastructure: The overarching growth in the artificial intelligence industry and the increasing need for advanced, high-performance AI infrastructure will inherently drive demand for Fabric.AI's solutions. As AI workloads scale, the company's mission to alleviate data center bottlenecks positions it to benefit from this significant market trend.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.84 |
| Mkt Cap | 57.4 |
| Rev LTM | 103,619 |
| Op Inc LTM | -10 |
| FCF LTM | 605 |
| FCF 3Y Avg | -14 |
| CFO LTM | 18,685 |
| CFO 3Y Avg | 15,327 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.8% |
| Rev Chg 3Y Avg | 3.5% |
| Rev Chg Q | 8.9% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | -17.4% |
| Op Inc Chg 3Y Avg | -26.8% |
| Op Mgn LTM | -1.4% |
| Op Mgn 3Y Avg | 2.4% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 11.2% |
| CFO/Rev 3Y Avg | 11.1% |
| FCF/Rev LTM | 2.7% |
| FCF/Rev 3Y Avg | 1.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Digital asset treasury management and the management of marketable securities and cash resources, | 0 | 0 | |||
| Manufacturing and sales of environmentally-conscious, minimal-footprint electric vehicles (EVs) | 0 | ||||
| Miscellaneous income | 0 | ||||
| Product revenue | 3 | 2 | |||
| Shipping revenue | 0 | 0 | |||
| Service revenue | 0 | ||||
| Total | 0 | 0 | 0 | 3 | 3 |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 5.75 | 4.64 | -2.97 | 3.38 | -2.93 | -0.71 |
| Up Beta | 10.23 | 8.93 | 0.78 | -2.23 | -7.66 | -1.18 |
| Down Beta | 9.80 | 13.59 | 1.53 | -5.55 | 1.11 | -3.21 |
| Up Capture | 101% | 122% | 59% | 36% | 16% | 2% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 21 | 21 | 21 | 21 | 21 |
| Down Capture | 400% | -118% | -104% | -43% | -29% | -15% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 20 | 20 | 20 | 20 | 20 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FABC | |
|---|---|---|---|---|
| FABC | -5.3% | 165.5% | 0.62 | - |
| Sector ETF (XLY) | -2.9% | 19.3% | -0.27 | 35.9% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | 31.2% |
| Gold (GLD) | 19.2% | 28.1% | 0.61 | 20.2% |
| Commodities (DBC) | 34.7% | 19.1% | 1.42 | -2.6% |
| Real Estate (VNQ) | 13.8% | 14.1% | 0.69 | 12.4% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | -7.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FABC | |
|---|---|---|---|---|
| FABC | -1.1% | 165.5% | 0.62 | - |
| Sector ETF (XLY) | 5.0% | 24.0% | 0.17 | 35.9% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | 31.2% |
| Gold (GLD) | 17.0% | 18.4% | 0.75 | 20.2% |
| Commodities (DBC) | 9.6% | 19.5% | 0.38 | -2.6% |
| Real Estate (VNQ) | 3.0% | 18.9% | 0.06 | 12.4% |
| Bitcoin (BTCUSD) | 15.3% | 53.4% | 0.47 | -7.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FABC | |
|---|---|---|---|---|
| FABC | -0.5% | 165.5% | 0.62 | - |
| Sector ETF (XLY) | 11.5% | 22.1% | 0.48 | 35.9% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 31.2% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 20.2% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | -2.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 12.4% |
| Bitcoin (BTCUSD) | 58.1% | 66.2% | 0.98 | -7.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/15/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/15/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 03/23/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/31/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automobile Manufacturers Resources |
| MotorTrend |
| Car and Driver |
| The Drive |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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