Tearsheet

House of Doge (HODO)


Market Price (7/10/2026): $1.45 | Market Cap: $-Sector: Information Technology | Industry: Application Software

House of Doge (HODO)


Market Price (7/10/2026): $1.45
Market Cap: $-
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Crypto & Blockchain, Digital & Alternative Assets, and Fintech & Digital Payments. Themes include Cryptocurrency Exchanges, Show more.

Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -115%

High stock price volatility
Vol 12M is 164%

Key risks
HODO key risks include [1] a heavy reliance on B2B tournament and sponsorship revenue and [2] unproven and undeveloped alternative revenue streams.

0 Megatrend and thematic drivers
Megatrends include Crypto & Blockchain, Digital & Alternative Assets, and Fintech & Digital Payments. Themes include Cryptocurrency Exchanges, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -115%
2 High stock price volatility
Vol 12M is 164%
3 Key risks
HODO key risks include [1] a heavy reliance on B2B tournament and sponsorship revenue and [2] unproven and undeveloped alternative revenue streams.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/9/2026

House of Doge (HODO) stock has lost about 45% since it went public on 7/1/2026 because of the following key factors:

1. Inherited Weak Financials and Pre-Merger Stock Decline. House of Doge (HODO), formed through a merger with Brag House Holdings, entered the public market with a "WEAK" financial health rating of 0.2 out of 5 from InvestingPro. The pre-merger entity, Brag House Holdings, had already experienced a significant stock decline, with InvestingPro reporting a 55% drop over the past year and other sources indicating a 29.9% decline over the same period. This financial instability was further underscored by a 1-for-8 reverse stock split on June 1, 2026, prior to the merger. The company reported an annual income of -$15.9 million and diluted earnings per share of -$1.31.

2. Dogecoin's Bearish Trend and Broader Crypto Market Weakness. As the official corporate arm of the Dogecoin Foundation, HODO's stock movement is highly influenced by the performance of Dogecoin (DOGE) and the wider cryptocurrency market. Dogecoin was trading around $0.077 in July 2026, remaining in a broader downtrend characterized by lower highs and lower lows, and significantly below its all-time high of $0.71 from May 2021. This negative sentiment was part of a larger crypto market weakness, where, for instance, Robinhood (HOOD) experienced a 47% decrease in crypto revenue in fiscal Q1 2026 due to weak crypto prices and increased competition.

Show more
Updated on 7/9/2026

House of Doge (HODO) stock has lost about 45% since it went public on 7/1/2026 because of the following key factors:

1. Inherited Weak Financials and Pre-Merger Stock Decline. House of Doge (HODO), formed through a merger with Brag House Holdings, entered the public market with a "WEAK" financial health rating of 0.2 out of 5 from InvestingPro. The pre-merger entity, Brag House Holdings, had already experienced a significant stock decline, with InvestingPro reporting a 55% drop over the past year and other sources indicating a 29.9% decline over the same period. This financial instability was further underscored by a 1-for-8 reverse stock split on June 1, 2026, prior to the merger. The company reported an annual income of -$15.9 million and diluted earnings per share of -$1.31.

2. Dogecoin's Bearish Trend and Broader Crypto Market Weakness. As the official corporate arm of the Dogecoin Foundation, HODO's stock movement is highly influenced by the performance of Dogecoin (DOGE) and the wider cryptocurrency market. Dogecoin was trading around $0.077 in July 2026, remaining in a broader downtrend characterized by lower highs and lower lows, and significantly below its all-time high of $0.71 from May 2021. This negative sentiment was part of a larger crypto market weakness, where, for instance, Robinhood (HOOD) experienced a 47% decrease in crypto revenue in fiscal Q1 2026 due to weak crypto prices and increased competition.

3. Unproven Revenue Model and Early-Stage Initiatives. Despite an ambitious roadmap that includes plans for a global Dogecoin debit card, tokenization of real-world assets, and investments in sports clubs, House of Doge reported annual sales of $0 and an annual income of -$15.9 million. Key initiatives, such as the full rollout of its DOGE Pay platform, are slated for fiscal Q3 2026, indicating that substantial revenue generation from these ventures is still prospective and not yet realized.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
HODO  
Market (SPY)15.6%59.8%
Sector (XLK)39.5%34.5%

Fundamental Drivers

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Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
HODO  
Market (SPY)10.5%59.8%
Sector (XLK)28.9%34.5%

Fundamental Drivers

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Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
HODO  
Market (SPY)22.7%59.8%
Sector (XLK)47.0%34.5%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
HODO  
Market (SPY)75.6%59.8%
Sector (XLK)117.2%34.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HODO Return------39%-39%
Peers Return-4%-17%-10%66%-35%39%9%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
HODO Win Rate-----0% 
Peers Win Rate25%12%34%58%40%26% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
HODO Max Drawdown------ 
Peers Max Drawdown-14%-21%-9%-36%-46%-36% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, HIT, BMR, BSP, HODO.
[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 7/9/2026 (YTD)

How Low Can It Go

HODO has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven92 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.0%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven15 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days

Compare to ADSK, HIT, BMR, BSP, HODO

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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.

HODO has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days
2008-2009 Global Financial Crisis
  % Loss-51.5%-53.4%
  % Gain to Breakeven106.2%114.4%
  Time to Breakeven797 days1085 days

Compare to ADSK, HIT, BMR, BSP, HODO

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% 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 House of Doge (HODO)

House of Doge (HODO), operating as Brag House, provides an integrated esports platform specifically designed for casual college gamers and their friends. The company’s vision is to foster an organic and inclusive digital community centered around college sports rivalries, offering a unique environment for competition and social interaction. Its platform features interactive streaming, instant messaging, community spaces, leaderboards, and "Brags"—risk-free, non-monetary predictions on gaming outcomes.

HODO generates revenue primarily through its B2B partnerships. Its main service involves hosting and producing sponsored esports tournaments for corporate entities and major sports enterprises, which currently constitutes almost all of its revenue. Looking ahead, the company plans to expand its B2B offerings to include data insights on Gen Z audience behavior for advertisers and direct advertising and marketing fees. For its B2C users, Brag House offers a comprehensive platform where gamers can compete, engage, and earn loyalty tokens redeemable for prizes, with a paid subscription model anticipated for 2025.

The company's primary customers are major brands and corporations seeking to connect with the Gen Z demographic, and on the consumer side, college-aged casual gamers and esports fans. By leveraging existing college rivalries and providing a vertically integrated platform for content creation and tournament production, HODO aims to be a one-stop interface that controls the user experience while creating valuable connection points between brands and its engaged Gen Z audience.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe House of Doge (HODO):

  • It's like Twitch for college esports, with tournaments sponsored by major brands.
  • Think of it as Discord meets a non-monetary DraftKings, but focused on college gaming rivalries.

AI Analysis | Feedback

  • Esports Platform: A vertically integrated online platform offering casual college gamers a social network, interactive streaming, and gamified engagement through competitions and non-monetary "Brags."
  • Esports Tournament Hosting & Production: Services for corporate sponsors including the marketing, production, streaming, and live broadcast of esports tournaments to engage the Gen Z audience.
  • Advertising & Brand Marketing Services: Connecting advertisers and brands with college-aged gamers and esports fans through digital promotions, event advertising, and tailored strategies.
  • Gen Z Data Insights (Planned): Future service (Q2 2025) providing anonymized, aggregated data on Gen Z habits and values to brands for highly personalized marketing campaigns.
  • Premium User Subscriptions (Planned): Tiered membership options for users, granting access to additional platform features, exclusive prizes, and in-platform virtual currency (Brag Bucks).

AI Analysis | Feedback

House of Doge (HODO), operating as Brag House, primarily sells to other companies (B2B).

The major categories of its customers are:

  1. Corporate Entities and Fortune 500 Companies: These companies sponsor Brag House's esports tournaments and leverage their platform for brand exposure and engagement with the Gen Z audience. The company has generated significant revenue from these sponsorships.
  2. Major Sports Enterprises: Similar to general corporate entities, these enterprises partner with Brag House for tournament sponsorships and advertising to reach their target demographic.
  3. Brand Advertisers: Brands and advertisers utilize Brag House's platform for advertising and marketing fees, as well as for accessing data insights into the habits, values, and social media use of their Gen Z user base to craft targeted marketing strategies.

The provided description does not explicitly name any specific customer companies, public or otherwise, that currently generate revenue for House of Doge.

AI Analysis | Feedback

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AI Analysis | Feedback

Lavell Juan Malloy, II - Co-founder and Chief Executive Officer

Lavell Juan Malloy, II is a co-founder of Brag House. The vision for Brag House began with him recognizing a need in the gaming industry for an esports platform focused on the casual college gamer.

Daniel Leibovich - Co-founder, Chief Operating Officer and Interim Chief Financial Officer

Daniel Leibovich is a co-founder of Brag House. He, along with Lavell Juan Malloy, II, recognized a need in the gaming industry for an esports platform focused on the casual college gamer, which led to the vision for Brag House.

AI Analysis | Feedback

The primary key risk to Brag House (trading under the symbol HODO) is its **heavy reliance on B2B tournament and sponsorship revenue with unproven and undeveloped alternative revenue streams.**

The company explicitly states that all its current revenue has been generated from B2B tournaments and tertiary fees. For 2025, it anticipates that tournaments and sponsorships with major sports enterprises and corporate entities will constitute approximately 99% of its revenue. Concurrently, other intended revenue sources, such as subscriptions, merchandise, data insights, and advertising and marketing fees, have not yet generated meaningful revenue. As of December 31, 2024, the company had not even commenced offering paid subscriptions. This significant concentration of revenue from a single source type, coupled with the undeveloped and unproven nature of its planned diversification strategies, creates a substantial financial risk if B2B tournament sponsorships decline or fail to materialize as anticipated.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for House of Doge (HODO), operating as Brag House, primarily revolve around collegiate esports, casual gaming, digital advertising targeting Generation Z (Gen Z), and gaming subscription services, predominantly within the United States. Here are the estimated sizes of their addressable markets: * **U.S. Esports Market:** The U.S. esports market, which includes various revenue streams such as sponsorships and advertising relevant to Brag House's B2B model, generated a revenue of USD 555.4 million in 2024 and is expected to reach USD 1,843.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 21.9% from 2025 to 2030. Another estimate places the U.S. esports market size at USD 618.63 million in 2024, with a projected growth to nearly USD 2,899.46 million by 2032. For the more specific "educational esports market," which aligns with Brag House's focus on college gamers, it is projected to reach $1.68 billion in 2026. * **North America Online Casual Game Market:** Given Brag House's focus on casual college gamers, the North America online casual game market is highly relevant. This market was valued at USD 0.97 billion in 2024 and is projected to grow to USD 1.56 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period. * **U.S. Digital Advertising Market (targeting Gen Z):** Brag House's diversified revenue model includes advertising and branding partnerships aimed at a Gen Z audience. The overall U.S. digital advertising market was valued at USD 124 billion in 2025 and is projected to reach USD 446.91 billion by 2034, growing at a CAGR of 15.31% from 2026 to 2034. Gen Z alone commands a significant buying power of $360 billion in the U.S. * **U.S. Online Gaming Subscription Services Market:** Brag House intends to offer a B2C subscription model. The U.S. online gaming subscription services market was valued at USD 1.18 billion in 2024 and is predicted to increase to approximately USD 5.39 billion by 2034, with a CAGR of 16.4% from 2025 to 2034.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for House of Doge (HODO) over the next 2-3 years:

  1. Expansion of B2B Tournaments and Sponsorships: House of Doge anticipates that tournaments and sponsorships with major sports enterprises and corporate entities will continue to be a primary revenue source, projecting approximately 99% of revenue from this channel in 2025. The company leverages its esports tournaments to enhance and monetize these B2B partnerships, performing all publicity, marketing, hosting, and production of these events.
  2. Launch of B2C Subscription Model: The company plans to introduce a subscription model for its users in 2025. This model will offer different membership tiers, providing access to additional features, prizes, and Brag Bucks, a non-monetized virtual coin used within the platform's ecosystem.
  3. Monetization of Data Insights: Beginning in Q2 2025, House of Doge intends to implement a data insights model. This model will collect anonymized and aggregated data on the habits, values, and social media use of its Generation Z audience, aiming to empower brand advertisers with unparalleled insights for crafting highly effective, hyper-personalized marketing strategies.
  4. Growth in Advertising and Marketing Fees: As Brag House expands its network of users, it aims to connect advertisers with college-aged gamers, consumers, and esports fans. This involves soliciting advertisers to promote their products through both digital channels (social media, Brag House Platform) and physical channels (billboards, signs at live events), leading to increased advertising and marketing fee revenue.
  5. Expansion of User Base and University Footprint: Through its Collegiate Leads Program, Brag House plans to significantly expand its presence, aiming to have over 50 Collegiate Leads across 50 campuses and establish a gaming presence in over 150 colleges and universities in the United States by the end of 2025. This broadens the overall user base, serving as a foundational driver for all other B2B and B2C revenue streams.

AI Analysis | Feedback

Share Repurchases

  • A previously authorized share repurchase program of $543,455 existed, with an unused portion funding a special cash dividend of $519,000 on June 30, 2026.

Share Issuance

  • Brag House Holdings, Inc. issued approximately 594 million shares of common stock and around 69.25 million convertible securities to existing House of Doge Inc. stockholders during the reverse merger, making House of Doge Inc. the majority shareholder of the combined entity.
  • As of July 1, 2026, the combined company, House of Doge Inc. (HODO), has approximately 75.9 million shares outstanding.
  • Brag House Holdings, Inc. completed an Initial Public Offering (IPO) in March 2025, pricing its shares at $4 per share.

Inbound Investments

  • The reverse merger, completed on June 30, 2026, where Brag House Holdings, Inc. acquired House of Doge Inc., enabled the newly combined public company, now named House of Doge Inc. (HODO), to gain direct access to U.S. capital markets.
  • The merger integrated House of Doge's assets, including over 837 million Dogecoin, into the combined entity, aiming to advance Dogecoin as a widely accepted global currency.

Capital Expenditures

  • The newly formed House of Doge Inc. plans to utilize its access to public capital to fund and scale its business plan across digital payments, cryptocurrency treasury management, real-world asset tokenization, and professional sports.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HODOADSKHITBMRBSPMedian
NameHouse of.Autodesk Health I.Beamr Im.Bending . 
Mkt Price1.39208.581.091.43-1.41
Mkt Cap-44.00.1--22.0
Rev LTM-7,50734--3,771
Op Inc LTM-2,027-1--1,013
FCF LTM-2,694-4--1,345
FCF 3Y Avg-1,764-1--882
CFO LTM-2,781-1--1,390
CFO 3Y Avg-1,8471--924

Growth & Margins

HODOADSKHITBMRBSPMedian
NameHouse of.Autodesk Health I.Beamr Im.Bending . 
Rev Chg LTM-18.3%52.3%--35.3%
Rev Chg 3Y Avg-13.8%---13.8%
Rev Chg Q-18.4%9.4%--13.9%
QoQ Delta Rev Chg LTM-4.2%2.3%--3.2%
Op Inc Chg LTM-44.0%-197.6%---76.8%
Op Inc Chg 3Y Avg-27.4%---27.4%
Op Mgn LTM-27.0%-3.3%--11.9%
Op Mgn 3Y Avg-23.5%5.0%--14.3%
QoQ Delta Op Mgn LTM-2.1%-7.8%---2.9%
CFO/Rev LTM-37.0%-2.1%--17.5%
CFO/Rev 3Y Avg-27.6%4.9%--16.2%
FCF/Rev LTM-35.9%-10.4%--12.7%
FCF/Rev 3Y Avg-26.3%-1.5%--12.4%

Valuation

HODOADSKHITBMRBSPMedian
NameHouse of.Autodesk Health I.Beamr Im.Bending . 
Mkt Cap-44.00.1--22.0
P/S-5.91.8--3.8
P/Op Inc-21.7-56.3---17.3
P/EBIT-21.7-53.5---15.9
P/E-30.1-77.4---23.6
P/CFO-15.8-87.7---35.9
Total Yield-3.3%-1.3%--1.0%
Dividend Yield-0.0%0.0%--0.0%
FCF Yield 3Y Avg-3.3%---3.3%
D/E-0.10.0--0.0
Net D/E--0.0-0.2---0.1

Returns

HODOADSKHITBMRBSPMedian
NameHouse of.Autodesk Health I.Beamr Im.Bending . 
1M Rtn-45.5%-6.9%3.8%-17.8%--12.4%
3M Rtn-45.5%-7.4%-22.1%-1.4%--14.7%
6M Rtn-45.5%-24.6%-31.9%-26.7%--29.3%
12M Rtn-45.5%-32.1%16.0%-53.6%--38.8%
3Y Rtn-45.5%0.6%-78.6%-50.7%--48.1%
1M Excs Rtn-47.3%-9.2%7.1%-20.6%--14.9%
3M Excs Rtn-56.7%-24.5%-31.1%-11.9%--27.8%
6M Excs Rtn-54.1%-37.5%-39.2%-37.5%--38.3%
12M Excs Rtn-66.6%-54.9%-2.1%-78.2%--60.8%
3Y Excs Rtn-114.8%-66.9%-147.9%-119.3%--117.0%

Comparison Analyses

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Financials

Price Behavior

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HODO Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta      
Up Beta
Down Beta
Up Capture0%0%0%0%0%0%
Bmk +ve Days11244067140429
Stock +ve Days      
Down Capture-0%-0%-0%-0%-0%-0%
Bmk -ve Days10172358112321
Stock -ve Days      

[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 HODO
HODO-45.6%164.1%-16.79-
Sector ETF (XLK)45.4%24.3%1.4934.5%
Equity (SPY)22.3%12.5%1.3359.8%
Gold (GLD)24.4%27.8%0.7782.2%
Commodities (DBC)23.6%18.7%1.00-6.3%
Real Estate (VNQ)13.2%13.9%0.65-31.2%
Bitcoin (BTCUSD)-42.8%42.8%-1.1881.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HODO
HODO-11.4%164.1%-16.79-
Sector ETF (XLK)21.1%25.5%0.7434.5%
Equity (SPY)13.4%17.1%0.6159.8%
Gold (GLD)18.0%18.3%0.8082.2%
Commodities (DBC)7.5%19.5%0.28-6.3%
Real Estate (VNQ)2.9%18.9%0.06-31.2%
Bitcoin (BTCUSD)12.3%53.5%0.4281.1%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HODO
HODO-5.9%164.1%-16.79-
Sector ETF (XLK)25.6%24.7%0.9334.5%
Equity (SPY)15.8%17.9%0.7559.8%
Gold (GLD)11.7%16.1%0.5982.2%
Commodities (DBC)6.1%18.0%0.27-6.3%
Real Estate (VNQ)5.2%20.7%0.22-31.2%
Bitcoin (BTCUSD)58.0%66.2%0.9881.1%

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Core Cache Last Updated: 7/9/2026