Streamex (STEX)
Market Price (9/23/2026): $0.85 | Market Cap: $154.7 MilSector: Financials | Industry: Diversified Capital Markets
Streamex (STEX)
Market Price (9/23/2026): $0.85Market Cap: $154.7 MilSector: FinancialsIndustry: Diversified Capital Markets
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 -17% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 1023% Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming, and Music Streaming. | Weak multi-year price returns2Y Excs Rtn is -124%, 3Y Excs Rtn is -161% | Penny stockMkt Price is 0.8 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -99 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -67571% Expensive valuation multiplesP/SPrice/Sales ratio is 1,010x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 51642% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -20522%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -30265% 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 -344% High stock price volatilityVol 12M is 122% Key risksSTEX key risks include [1] significant financial distress and a high risk of bankruptcy, Show more. |
| 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 -17% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 1023% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming, and Music Streaming. |
| Weak multi-year price returns2Y Excs Rtn is -124%, 3Y Excs Rtn is -161% |
| Penny stockMkt Price is 0.8 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -99 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -67571% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 1,010x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 51642% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -20522%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -30265% |
| 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 -344% |
| High stock price volatilityVol 12M is 122% |
| Key risksSTEX key risks include [1] significant financial distress and a high risk of bankruptcy, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Streamex (STEX) stock has lost about 45% since 5/31/2026 because of the following key factors:
1. Streamex (STEX) reported a significant earnings miss for fiscal Q2 2026.
The company announced its fiscal Q2 2026 results on August 14, 2026, posting an earnings per share (EPS) of -$0.08. This figure substantially missed analysts' expectations of -$0.02, representing a 300% earnings surprise miss.
2. Persistent market skepticism despite positive product developments and analyst optimism.
Despite launching its GLDY tokenized gold product in Q1 2026 and outlining plans for additional tokenized products (GLDC and SLVC) in fiscal Q3 2026, the stock experienced a significant decline. This occurred even as analysts maintained a "Strong Buy" or "Moderate Buy" consensus rating with an average price target ranging from $4.00 to $4.08, suggesting market skepticism regarding the company's ability to monetize its real-world asset (RWA) tokenization strategy or its biomedical technology segment.
Show more
Streamex (STEX) stock has lost about 45% since 5/31/2026 because of the following key factors:
1. Streamex (STEX) reported a significant earnings miss for fiscal Q2 2026.
The company announced its fiscal Q2 2026 results on August 14, 2026, posting an earnings per share (EPS) of -$0.08. This figure substantially missed analysts' expectations of -$0.02, representing a 300% earnings surprise miss.
2. Persistent market skepticism despite positive product developments and analyst optimism.
Despite launching its GLDY tokenized gold product in Q1 2026 and outlining plans for additional tokenized products (GLDC and SLVC) in fiscal Q3 2026, the stock experienced a significant decline. This occurred even as analysts maintained a "Strong Buy" or "Moderate Buy" consensus rating with an average price target ranging from $4.00 to $4.08, suggesting market skepticism regarding the company's ability to monetize its real-world asset (RWA) tokenization strategy or its biomedical technology segment.
3. Overall negative stock momentum and valuation challenges.
The stock has been in a sustained downtrend within the specified period. For example, a $1000 investment made three months prior to September 19, 2026, (around June 2026) would have been worth approximately $727.18, representing a 27.28% decline. This indicates a lack of consistent investor confidence and potential challenges in valuing the company's growth prospects and profitability, leading to a continuous decrease in its share price.
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Stock Movement Drivers
Fundamental Drivers
The -46.2% change in STEX stock from 5/31/2026 to 9/22/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9222026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.51 | 0.81 | -46.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 1,012.6 | |
| Shares Outstanding (Mil) | 175 | 182 | -4.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/22/2026| Return | Correlation | |
|---|---|---|
| STEX | -46.2% | |
| Market (SPY) | 2.5% | 35.5% |
| Sector (XLF) | 6.6% | 15.2% |
Fundamental Drivers
The -63.4% change in STEX stock from 2/28/2026 to 9/22/2026 was primarily driven by a -82.2% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9222026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.22 | 0.81 | -63.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 1023.1% |
| P/S Multiple | 5,695.5 | 1,012.6 | -82.2% |
| Shares Outstanding (Mil) | 33 | 182 | -81.7% |
| Cumulative Contribution | -63.4% |
Market Drivers
2/28/2026 to 9/22/2026| Return | Correlation | |
|---|---|---|
| STEX | -63.4% | |
| Market (SPY) | 13.3% | 25.1% |
| Sector (XLF) | 7.5% | 5.5% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2025 to 9/22/2026| Return | Correlation | |
|---|---|---|
| STEX | ||
| Market (SPY) | 21.2% | 26.6% |
| Sector (XLF) | 3.1% | 14.4% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/22/2026| Return | Correlation | |
|---|---|---|
| STEX | ||
| Market (SPY) | 78.3% | 26.6% |
| Sector (XLF) | 67.1% | 14.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| STEX Return | - | - | - | - | -49% | -76% | -88% |
| Peers Return | 55% | 36% | 6% | 44% | 3% | -5% | 211% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| STEX Win Rate | - | - | - | - | 0% | 33% | |
| Peers Win Rate | 75% | 67% | 67% | 75% | 46% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| STEX Max Drawdown | - | - | - | - | - | -85% | |
| Peers Max Drawdown | -18% | -25% | -29% | -33% | -26% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IOND, PWCM, VIP, LPLA, CRCL.
[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 9/22/2026 (YTD)
How Low Can It Go
STEX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% 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.
STEX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% 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 Streamex (STEX)
Streamex (STEX) operates as a medical device company specializing in electrophysiology. Its flagship product is the Precise Uninterrupted Real-time Evaluation of ElectrograMs Electrophysiology (PURE EP) system. This proprietary system serves as a sophisticated signal processing platform, integrating both hardware and software to overcome inherent challenges in signal acquisition and enable electrophysiologists to visualize and analyze cardiac signals with enhanced clarity and in real-time.
The PURE EP system is specifically engineered to improve intracardiac signal acquisition and diagnostic information, which is critical for complex procedures such as cardiac catheter ablation, particularly for atrial fibrillation. By addressing long-standing limitations that typically slow and disrupt these vital medical interventions, Streamex aims to make cardiac ablation procedures more efficient and precise for medical professionals.
Streamex primarily serves electrophysiologists and the broader medical community engaged in cardiac rhythm management. The company is also committed to advancing its technology through strategic collaborations, including a research agreement with the University of Minnesota to develop new therapies for sympathetic nervous system diseases, and a partnership with the Mayo Foundation for Medical Education and Research to integrate AI and machine learning into its PURE EP systems.
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Here are 1-2 brief analogies for Streamex (STEX), based on the provided company description:
- A specialized Medtronic or Boston Scientific for enhancing the clarity of heart electrical signals in electrophysiology.
- The Dolby for cardiac electrophysiology, providing clearer, real-time signals for heart rhythm treatments.
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Henry McPhie, Chief Executive Officer
Henry McPhie is the Co-Founder and Chief Executive Officer of Streamex, leading the company's mission to revolutionize real-world asset tokenization and bring commodities on-chain through cutting-edge blockchain solutions. A seasoned entrepreneur and visionary technologist, he has a strong track record of building innovative companies at the intersection of blockchain and finance. Prior to founding Streamex, Mr. McPhie founded Lynx Web3 Solutions, a blockchain incubation and software development firm. He also founded FatCats Capital, a Solana-based NFT project that quickly became the third largest in the world at the time of its launch, cultivating a global community of over 100,000 members. He holds a degree in Mining Engineering from McGill University.
Morgan Lekstrom, Executive Chairman
Morgan Lekstrom is the Co-Founder and Executive Chairman of Streamex. He is a seasoned mining executive and corporate strategist with over 17 years of experience building and transforming resource companies, bringing deep expertise in capital markets, strategic M&A, and commodities. Mr. Lekstrom previously served as CEO of NexMetals Mining Corp., where he developed critical metals projects in Botswana with US$150 million backing from the Export-Import Bank of the United States. As President of NexGold Mining, he orchestrated strategic transformations through mergers. His global experience includes senior technical roles at Freeport McMoran's Grasberg mine and Rio Tinto's Oyu Tolgoi project. He co-founded Streamex with Henry McPhie approximately 3.5 years ago and is one of the largest shareholders.
Ferdinand Groenewald, Chief Financial Officer
Ferdinand Groenewald is the Chief Financial Officer of Streamex Corp. He is a certified public accountant with significant experience in finance and accounting. Mr. Groenewald currently serves as Vice President, Finance at Alaunos Therapeutics, Inc. His previous roles include serving as an Independent Outside Director at SYLA Technologies Co., Ltd., HeartCore Enterprises, Inc., and Sushi Ginza Onodera, Inc. He also held positions as an Accountant at Wrinkle, Gardner & Co. PC, a Senior Staff Accountant at Financial Consulting Strategies LLC, a Controller, VP-Finance & Accounting Officer, and Chief Financial Officer at Sadot Group, Inc., and Chief Accounting Officer & VP-Finance at Muscle Maker Development LLC. Mr. Groenewald obtained an undergraduate degree from the University of South Africa.
Mitchell Williams, CFA, Chief Investment Officer
Mitchell Williams, CFA, is the Chief Investment Officer of Streamex, a position he has held since 2025. He brings over 20 years of experience from Wall Street, consistently driving performance through strategic insight, innovation, and disciplined investment management. Mr. Williams began his investment career at Credit Suisse on the Internet Financial Services team during the Web 1.0 era. He went on to hold senior executive roles at OppenheimerFunds and Wafra Inc., where he managed multi-billion dollar global and domestic equity portfolios and led high-performing investment teams. At Wafra, he grew assets under management more than threefold and achieved top-quartile performance. At OppenheimerFunds, he was a highly ranked equity analyst and sole portfolio manager for one of the firm's flagship funds. Prior to his current role, he served as a Strategic Advisor on Capital Markets for Streamex. He earned an MBA from NYU Stern School of Business (where he was a Stern Fellowship recipient) and a BA from the University of Florida.
Russell Starr, Head of Capital Markets
Russell Starr was appointed Head of Capital Markets for Streamex. He brings over 25 years of capital markets experience, spanning US Capital Markets, emerging technology, tokenized finance, and Web3 infrastructure.
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- Regulatory Approval and Compliance Risk: As a medical device company, Streamex (BioSig Technologies, Inc.) faces significant and ongoing risks associated with obtaining and maintaining regulatory approvals (e.g., FDA clearance) for its PURE EP system and any future product enhancements or new therapies. Failure to secure or sustain these approvals, or to comply with stringent medical device regulations, could prevent the company from marketing its products or lead to product recalls and significant penalties.
- Market Adoption and Commercialization Risk: The success of Streamex's PURE EP system relies heavily on its adoption by electrophysiologists and medical institutions. There is a risk that healthcare providers may not widely adopt the system, either due to a lack of perceived clinical benefit over existing solutions, high acquisition costs, challenges in integration into current workflows, or insufficient market education and sales efforts. Slow or limited market penetration would negatively impact revenue and growth.
- Competition and Technological Obsolescence Risk: The medical device market, particularly in specialized fields like electrophysiology, is highly competitive and subject to rapid technological advancements. Streamex faces risks from competitors developing superior, more cost-effective, or alternative technologies that could render the PURE EP system less competitive or even obsolete. The need to continually innovate and differentiate its products, as indicated by collaborations for AI/machine learning and novel therapies, highlights this ongoing challenge.
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Real-World Asset (RWA) Tokenization Market
The market for tokenized real-world assets is experiencing rapid growth globally. As of early 2026, the market size for tokenized RWAs has reached over $25 billion, a nearly fourfold increase from approximately $6.4 billion a year prior. Other estimates place the current RWA market at roughly $19–$22 billion in January 2026 and $24 billion in June 2025. Looking ahead, the projections for the RWA tokenization market are substantial:- McKinsey estimated that tokenized financial assets could reach approximately $2 trillion by 2030, excluding cryptocurrencies and stablecoins.
- Citi GPS forecasts growth to almost $4 trillion by 2030, particularly in private markets.
- Roland Berger's 2023 report projects the market to be at least $10.9 trillion by 2030.
- Boston Consulting Group (BCG) and ADDX estimate a market size of $16.1 trillion by 2030.
- Ark Invest suggests tokenized assets could grow to about $11 trillion by 2030.
- Other experts predict that $16-30 trillion of real-world assets will be tokenized by 2030.
- A broader market report estimates the global asset tokenization market was valued at USD 2.06 trillion in 2024 and is expected to reach USD 41.94 trillion by 2032, growing at a CAGR of 45.83% over 2025-2032.
- The U.S. asset tokenization market specifically was valued at USD 0.57 trillion in 2024 and is expected to reach USD 11.55 trillion by 2032.
- Standard Chartered projects the market to reach $30.1 trillion by 2034.
Gold Tokenization Market
The tokenized gold market has shown significant momentum. Its total market capitalization surpassed $6 billion as of February 2026, marking a gain of approximately $2 billion year-to-date. In Q4 2025, the tokenized gold market cap added nearly $2.8 billion in net value, moving from $1.6 billion to $4.4 billion. Forecasts for tokenized gold indicate continued expansion:- Wintermute anticipates the tokenized gold market to reach $15 billion in 2026 due to accelerated institutional adoption.
- Analysts expect tokenized gold to become a foundational layer of RWA tokenization, a sector projected to exceed $16 trillion by 2030.
On-Chain Commodity Markets
The broader tokenized commodities sector, which includes gold, has also seen substantial growth. The cumulative market capitalization of the tokenized commodities sector increased by 10% over the past month to $7.69 billion as of March 2026. For the global commodity services market (a broader category that includes traditional commodity services in addition to on-chain offerings), the size was estimated at USD 4885.29 billion in 2026 and is projected to reach USD 8045.73 billion by 2035. Another report estimated the global commodity services market at USD 3.56 billion in 2024, predicted to increase to approximately USD 8.16 billion by 2034.AI Analysis | Feedback
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Growth in Real-World Asset (RWA) Tokenization Market Adoption: As a company primarily focused on RWA tokenization, particularly with gold-backed assets, Streamex's revenue growth is intrinsically linked to the increasing adoption and institutional acceptance of tokenized real-world assets. The expansion of this nascent market, driven by perceived benefits like increased liquidity, transparency, and fractional ownership, would directly translate into higher demand for Streamex's tokenization and trading infrastructure services.
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Expansion of Tokenized Commodity Offerings: While gold tokenization is a primary focus, Streamex's vertically integrated platform is designed to bring a broader range of commodities on-chain. Expanding its offerings beyond gold to include other precious metals or commodities would open new revenue streams and attract a wider array of institutional and retail investors seeking diversified tokenized asset exposure.
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Strategic Partnerships and Institutional Integrations: Collaborations with asset managers, financial institutions, and other key players in the digital asset ecosystem are crucial for Streamex's growth. The company has explicitly stated its aim to integrate tokenized gold into regulated investment products and leverage strategic partnerships. For example, Streamex recently announced a letter of intent with Simplify Asset Management to explore strategic partnerships to drive ETF innovation through the integration of tokenized gold yield assets and tokenization of existing ETFs. Such partnerships can significantly increase the reach and utility of Streamex's tokenized products, driving transaction volumes and platform usage.
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Development and Adoption of Yield-Bearing Digital Assets: Streamex is developing and offering yield-bearing gold products. The success and widespread adoption of these innovative financial products, such as its GLDY token backed by physical gold, could be a significant revenue driver. Attracting investors with the potential for yield on traditionally non-yielding assets like gold would differentiate Streamex and expand its customer base.
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Share Issuance
- In August 2025, Streamex completed a public offering, raising approximately $15 million in gross proceeds from the sale of 3,852,149 shares of common stock at $3.90 per share. The company planned to use these proceeds to purchase gold bullion, for general corporate purposes, and for working capital.
- In March 2025, the company sold 758,514 shares of common stock and issued warrants to certain accredited investors, generating an aggregate of $818,998.
- In September 2025, shareholders approved an increase in the number of authorized shares of common stock from 200 million to 500 million.
Inbound Investments
- In July 2025, the company entered into definitive agreements with an institutional investor for up to $1.1 billion in growth financing. This included an offering of $75 million in senior secured convertible debentures and an equity line of credit.
Outbound Investments
- Around June 2025, BioSig Technologies, Inc. acquired Streamex Exchange Corporation, incurring total acquisition-related costs of approximately $7.1 million, which included the issuance of common stock to third-party consultants. This acquisition marked a strategic shift towards real-world asset tokenization.
- The company has acquired an equity interest in a royalty and streaming company to expand its exposure to gold and silver royalty and streaming assets.
Capital Expenditures
- Amortization expenses for intangible assets increased significantly from $10 for the six months ended June 30, 2024, to $545 for the six months ended June 30, 2025, primarily due to intangible assets acquired in connection with the Streamex acquisition (e.g., trade name, developed technology, legal and compliance framework).
- Proceeds from an August 2025 public offering, approximately $15 million, were intended to be used for the purchase of gold bullion, aligning with the company's investment policy for its new gold tokenization business model.
Peer Outperformance in Diversified Capital Markets
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 7 | 25.1% | 63.7% | 118.0% | SPNT 171% · RGA 146% · RNR 139% |
| Diversified Banks | 13 | 30.7% | 131.4% | 112.5% | CM 152% · RY 141% · JPM 139% |
| Investment Banking & Brokerage | 13 | -1.5% | 107.8% | 109.6% | IBKR 507% · SNEX 256% · GS 174% |
| Life & Health Insurance | 20 | 7.5% | 51.6% | 98.0% | JXN 517% · UNM 350% · FG 195% |
| Multi-Sector Holdings | 4 | 4.9% | 46.9% | 78.8% | JONE 362% · BRK-B 81% · VOYA 77% |
| Property & Casualty Insurance | 42 | 8.4% | 64.8% | 65.7% | ASIC 2701900% · HRTG 395% · UVE 312% |
| Regional Banks | 266 | 24.8% | 91.2% | 61.2% | ESQ 365% · BLX 356% · GCBC 312% |
| Multi-line Insurance | 9 | 7.0% | 69.5% | 58.1% | GNW 176% · L 103% · SLF 98% |
| Financial Exchanges & Data | 15 | -3.1% | 16.7% | 28.8% | VIRT 173% · CBOE 130% · CME 70% |
| Diversified Financial Services | 4 | -7.4% | 22.5% | 24.8% | FRHC 165% · EQH 103% · TMS -53% |
| Consumer Finance | 30 | -1.3% | 89.1% | 21.8% | ENVA 409% · EZPW 306% · FCFS 166% |
| Insurance Brokers | 16 | -18.3% | -10.1% | 14.3% | LIFE 190% · ARX 88% · CRD-A 63% |
| Commercial & Residential Mortgage Finance | 15 | -44.3% | 26.6% | 12.7% | FNMA 445% · FMCC 407% · ACT 174% |
| Asset Management & Custody Banks | 87 | -11.0% | 14.3% | 7.5% | WT 330% · SII 291% · VCTR 263% |
| Specialized Finance | 3 | 13.3% | 43.6% | -3.2% | EFC 27% · CACC -3% · HASI -17% |
| Mortgage REITs | 33 | -10.2% | 8.5% | -21.2% | NREF 59% · RITM 43% · DX 34% |
| Diversified Capital Markets ← | 25 | -32.4% | 9.5% | -47.0% | OPY 180% · LPLA 105% · CD 82% |
| Transaction & Payment Processing Services | 17 | -1.2% | -8.2% | -47.9% | V 65% · MA 62% · CPAY 49% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can Streamex Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 44.14 |
| Mkt Cap | 23.5 |
| Rev LTM | 115 |
| Op Inc LTM | 0 |
| FCF LTM | -42 |
| FCF 3Y Avg | -21 |
| CFO LTM | -25 |
| CFO 3Y Avg | -12 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 37.2% |
| Rev Chg 3Y Avg | 101.5% |
| Rev Chg Q | 9.8% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | -50.1% |
| Op Inc Chg 3Y Avg | -43.2% |
| Op Mgn LTM | -18.9% |
| Op Mgn 3Y Avg | -14.6% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | -47.1% |
| CFO/Rev 3Y Avg | -29.6% |
| FCF/Rev LTM | -50.1% |
| FCF/Rev 3Y Avg | -39.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 0 | 0 | |||
| Service | 0 | ||||
| BioSig | 0 | 0 | |||
| BioSig AI Sciences | 0 | ||||
| ViralClear | 0 | ||||
| Total | 0 | 0 | 0 | 0 | 0 |
| $ Mil | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| ViralClear | 1 | -1 | -4 | -28 |
| BioSig AI Sciences | -1 | -0 | ||
| BioSig | -29 | -27 | -30 | -31 |
| NeuroClear | -0 | -0 | ||
| Total | -29 | -27 | -33 | -59 |
| $ Mil | 2025 | 2024 | 2021 | 2020 |
|---|---|---|---|---|
| Single Segment | -463 | -10 | ||
| BioSig | -30 | -31 | ||
| NeuroClear | -0 | -0 | ||
| ViralClear | -3 | -28 | ||
| Total | -463 | -10 | -33 | -59 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| BioSig AI Sciences | 1 | 0 | |||
| BioSig | 0 | 4 | 14 | 25 | |
| ViralClear | 0 | 0 | 2 | 6 | |
| Single Segment | 14 | ||||
| Total | 2 | 4 | 16 | 30 | 14 |
Price Behavior
| Market Price | $0.81 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/30/2014 | |
| Distance from 52W High | -87.3% | |
| 50 Days | 200 Days | |
| DMA Price | $5.81 | $6.32 |
| DMA Trend | down | down |
| Distance from DMA | -86.0% | -87.1% |
| 3M | 1YR | |
| Volatility | 119.2% | 122.0% |
| Downside Capture | 400.43 | 447.54 |
| Upside Capture | 272.64 | 130.82 |
| Correlation (SPY) | 31.4% | 26.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.83 | 3.99 | 2.95 | 2.45 | 1.33 | 0.33 |
| Up Beta | 1.97 | 4.25 | 4.44 | 1.58 | 0.28 | 0.05 |
| Down Beta | 6.50 | -0.29 | 1.91 | 1.58 | -2.44 | 0.06 |
| Up Capture | 666% | 375% | 126% | 165% | 131% | 12% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 18 | 27 | 53 | 103 | 103 |
| Down Capture | 729% | 564% | 344% | 271% | 194% | 108% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 9 | 24 | 37 | 70 | 131 | 131 |
[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 STEX | |
|---|---|---|---|---|
| STEX | -88.5% | 122.0% | -1.22 | - |
| Sector ETF (XLF) | 2.6% | 14.7% | -0.05 | 14.5% |
| Equity (SPY) | 17.6% | 13.0% | 0.98 | 26.5% |
| Gold (GLD) | 18.0% | 29.3% | 0.56 | 9.6% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | -13.4% |
| Real Estate (VNQ) | 5.2% | 13.6% | 0.12 | 7.4% |
| Bitcoin (BTCUSD) | -26.0% | 44.9% | -0.54 | 25.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STEX | |
|---|---|---|---|---|
| STEX | -32.8% | 121.7% | -1.06 | - |
| Sector ETF (XLF) | 9.8% | 18.4% | 0.39 | 14.4% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 26.6% |
| Gold (GLD) | 18.9% | 18.8% | 0.81 | 9.9% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | -13.4% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.05 | 6.8% |
| Bitcoin (BTCUSD) | 12.7% | 52.6% | 0.42 | 25.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STEX | |
|---|---|---|---|---|
| STEX | -18.0% | 121.7% | -1.06 | - |
| Sector ETF (XLF) | 12.8% | 22.1% | 0.53 | 14.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 26.6% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 9.9% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -13.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 6.8% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 25.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/21/2026 | 0.7% | -0.0% | -13.0% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 0 | 1 | 1 |
| Median Positive | 0.7% | ||
| Median Negative | -0.0% | -13.0% | |
| Max Positive | 0.7% | ||
| Max Negative | -0.0% | -13.0% | |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/21/2026 | 0.7% | -0.0% | -13.0% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 0 | 1 | 1 |
| Median Positive | 0.7% | ||
| Median Negative | -0.0% | -13.0% | |
| Max Positive | 0.7% | ||
| Max Negative | -0.0% | -13.0% | |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/19/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/19/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 03/15/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/13/2020 | 10-K |
| 09/30/2019 | 10/23/2019 | 10-Q |
Insider Activity
Updated 9/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Williams, Mitchell Young | Chief Investment Officer | Direct | Sell | 9032026 | 0.72 | 72,689 | 52,336 | 2,077,786 | Form |
| 2 | Lekstrom, Morgan Lee | Interim Executive Chairman | All Mine Consulting LTD. | Buy | 6152026 | 0.99 | 50,000 | 49,750 | 357,702 | Form |
| 3 | Williams, Mitchell Young | Chief Investment Officer | Direct | Sell | 6022026 | 1.05 | 23,810 | 24,915 | 3,153,680 | Form |
| 4 | Marciano, Anthony Mark | Direct | Buy | 5222026 | 1.13 | 17,745 | 20,052 | 133,052 | Form | |
| 5 | Lekstrom, Morgan Lee | Interim Executive Chairman | All Mine Consulting LTD. | Buy | 5212026 | 1.04 | 147,000 | 153,099 | 280,682 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Williams, Mitchell Young | Chief Investment Officer | Direct | Sell | 9032026 | 0.72 | 72,689 | 52,336 | 2,077,786 | Form |
| 2 | Lekstrom, Morgan Lee | Interim Executive Chairman | All Mine Consulting LTD. | Buy | 6152026 | 0.99 | 50,000 | 49,750 | 357,702 | Form |
| 3 | Williams, Mitchell Young | Chief Investment Officer | Direct | Sell | 6022026 | 1.05 | 23,810 | 24,915 | 3,153,680 | Form |
| 4 | Marciano, Anthony Mark | Direct | Buy | 5222026 | 1.13 | 17,745 | 20,052 | 133,052 | Form | |
| 5 | Lekstrom, Morgan Lee | Interim Executive Chairman | All Mine Consulting LTD. | Buy | 5212026 | 1.04 | 147,000 | 153,099 | 280,682 | Form |
| 6 | Williams, Mitchell Young | Chief Investment Officer | Direct | Sell | 5042026 | 0.79 | 263,863 | 209,718 | 2,414,323 | Form |
| 7 | Plummer, Christine Marie | Chief Financial Officer | Direct | Sell | 4172026 | 1.08 | 2,581 | 2,787 | 525,417 | Form |
| 8 | Lekstrom, Morgan Lee | Interim Executive Chairman | Direct | Sell | 4172026 | 1.07 | 12,759 | 13,652 | 224,423 | Form |
| 9 | McPhie, Karl Henry Michael | CEO | Direct | Sell | 4172026 | 1.07 | 30,611 | 32,754 | 1,037,246 | Form |
| 10 | Plummer, Christine Marie | Chief Financial Officer | Direct | Sell | 4172026 | 1.10 | 10,922 | 11,978 | 536,372 | Form |
| 11 | Lekstrom, Morgan Lee | Executive Chairman | All Mine Consulting Ltd | Buy | 2182026 | 2.50 | 20,000 | 50,000 | 306,250 | Form |
| 12 | Lekstrom, Morgan Lee | All Mine Consulting Ltd | Buy | 2032026 | 3.06 | 23,500 | 71,910 | 313,650 | Form | |
| 13 | Lekstrom, Morgan Lee | All Mine Consulting Ltd | Buy | 1292026 | 3.70 | 2,500 | 9,250 | 292,300 | Form | |
| 14 | Williams, Mitchell Young | Chief Investment Officer | Direct | Buy | 1262026 | 3.03 | 51,511 | 155,852 | 3,181,452 | Form |
| 15 | Lekstrom, Morgan Lee | All Mine Consulting Ltd | Buy | 1262026 | 3.13 | 41,000 | 128,486 | 150,422 | Form | |
| 16 | Lekstrom, Morgan Lee | All Mine Consulting Ltd. | Buy | 11212025 | 3.58 | 7,000 | 25,060 | 25,060 | Form | |
| 17 | Giustra, Frank | 178,205 | Buy | 9152025 | 3.90 | 128,205 | 500,000 | 500,000 | Form | |
| 18 | Giustra, Frank | 4,975 | Buy | 9152025 | 4.64 | 4,975 | 23,084 | 23,084 | Form | |
| 19 | Giustra, Frank | 16,374 | Buy | 9152025 | 4.66 | 11,399 | 53,119 | 53,119 | Form | |
| 20 | Giustra, Frank | 22,798 | Buy | 9152025 | 4.69 | 6,424 | 30,129 | 30,129 | Form | |
| 21 | Giustra, Frank | 50,000 | Buy | 9152025 | 4.72 | 27,202 | 128,393 | 128,393 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Diversified Capital Markets Resources |
| International Financing Review (IFR) |
| Financial News |
| Global Capital |
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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