Streamex reports first income, cuts operating expenses in Q2 2026

Streamex (NASDAQ: STEX ) held its second-quarter earnings conference call on Monday.

Below is the complete transcript from the call.

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Access the full call at Summary Streamex reported its first income of $146,000 from gold lease, marking the first revenue since the launch of its tokenized gold platform, GLDY.

Operating expenses decreased by 57.1% to $15.2 million, resulting in a reduced net loss of $14.6 million, with a strong balance sheet showing $41.8 million in liquidity and no debt.

The company introduced GLDC, a new gold-backed token that expands the market beyond accredited investors and adds a new revenue stream, with expectations for significant growth.

Streamex formed five strategic partnerships to enhance its distribution and custody infrastructure, including Orca, CBER Financial, tZero, Eisner Amper, and Wintermute, aiming to attract institutional investors.

The company plans to focus on converting institutional allocations into GLDY, launching GLDC, and completing integrations with retirement account custodians over the next 90 days.

Management emphasized its capital-light model with high operating leverage, and the importance of organic marketing for GLDC's retail market strategy.

Full Transcript Jordan, Operator Thank you for standing by.

My name is Jordan and I'll be your conference operator today.

At this time I'd like to welcome everyone to the Streamex Q2 2026 business and quarterly update call.

All lines have been placed on mute to prevent any background noise.

If you'd like to ask a web question, please type your question into the Q and A box.

Thank you.

I would now like to turn the call over to Adele Carey, Senior Vice President of Alliance Advisors IR.

Please go ahead.

Adele Carey, Senior Vice President, Alliance Advisors IR Great.

Thank you so much, Jordan, and good afternoon everyone.

Welcome to Streamex second quarter 2026 earnings and corporate update call.

I'm joined today by Henry McPhee, co—founder and Chief Executive Officer, and Christine Plummer, Chief Financial Officer.

Before we begin, I'd like to remind everyone that today's call will contain forward—looking statements based on our current expectations and assumptions.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed today.

Please refer to the cautionary language on slides 2 and 3 of today's presentation as well as risk factors detailed in our most recent filings, Form 10—K and Form 10—Q filed with the SEC.

The team will also reference certain non—GAAP financial measures during this call.

Reconciliations to the most directly comparable GAAP measures are available in our filings and the appendix to today's deck.

And now I'm more than happy to turn the call over to Henry McPhee.

Henry McPhee, Co—Founder and Chief Executive Officer Thanks, Adele, and thank you everyone for joining us.

I'm super excited to be able to get into it.

In the first quarter we proved the product; in the second quarter we built the distribution around it.

Five partnerships that between them give an institution a way in, a way to verify what they own, a way to custody it, and a way out.

What has not yet followed is scale and assets.

GLDY assets outstanding were broadly unchanged in the second quarter, and I'm going to spend real time today on why, what we're seeing from the market, and why we think the next phase looks very different from this one.

I'm also going to spend some time introducing GLDC because it's the most commercially significant thing that we have built.

It opens up the product to everyone and adds an entirely new revenue line for the company.