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OMAHA - CleanCore Solutions, Inc. (NYSE American:ZONE) reported a net loss of $13.4 million for its fiscal first quarter ended September 30, 2025, as the company continues to build its Dogecoin treasury holdings. The stock currently trades at $0.47, near its 52-week low of $0.44, reflecting investor concerns about the company's strategy.
The company's quarterly loss widened significantly compared to the $0.9 million loss reported in the same period last year, according to the financial results released Thursday. The increased loss came despite revenue growth to $0.9 million, up from $0.4 million in the year-ago quarter. This aligns with ZONE's longer-term trend, as InvestingPro data shows annual revenue growth of 29.15%, though the company remains unprofitable with a negative EV/EBITDA ratio of -15.36.Want deeper insights into ZONE's financial health? InvestingPro reveals 13 additional investment tips and dozens of financial metrics that could help inform your investment decisions.
CleanCore reported that general and administrative expenses jumped to $8.6 million, compared to $0.9 million in the prior-year period. The company attributed this increase primarily to professional and consulting fees, stock-related compensation, new employee salaries, and director and officer insurance. These rising expenses have contributed to ZONE's weak overall financial health score of 0.87 as calculated by InvestingPro.
As of September 30, the company held 703.6 million Dogecoin with a carrying fair value of $163.9 million. The company stated it has since increased its holdings to over 733.1 million Dogecoin as of November 12.
"During the fiscal first quarter 2026 we executed on our vision to establish the world's first Dogecoin Treasury," said Clayton Adams, Chief Executive Officer of CleanCore, in the press release. "We have continued to grow our DOGE holdings in a disciplined manner as we advance toward our longer-term objective of acquiring up to 5% of Dogecoin's circulating supply."
The company, which specializes in aqueous ozone cleaning technology, recently closed a $175 million private placement to fund its Dogecoin treasury strategy in partnership with House of Doge. It also appointed a new Chief Investment Officer and two new Board members to lead its digital asset strategy.
CleanCore's quarterly report on Form 10-Q for the period ended September 30, 2025, is scheduled to be filed with the U.S. Securities and Exchange Commission on Thursday.
In other recent news, CleanCore Solutions, Inc. has made several significant announcements impacting its operations and investor relations. The company revealed it has raised $175 million through a private investment in public equity (PIPE) financing to establish its official Dogecoin Treasury, in collaboration with the Dogecoin Foundation and House of Doge. This initiative aims to secure up to 5% of Dogecoin's circulating supply, with the current holdings surpassing 710 million coins, reflecting over $20 million in unrealized gains. Additionally, CleanCore Solutions announced a substantial at-the-market (ATM) offering of up to $1.15 billion in class B common stock, facilitated by Maxim Group LLC and Curvature Securities LLC.
Furthermore, the board of directors at CleanCore Solutions approved an amendment to the company's bylaws, reducing the quorum requirement for stockholder meetings from a majority to one-third of the shares issued and entitled to vote. This change is intended to streamline the process of conducting business at these meetings. The company's strategy also includes a partnership with House of Doge to further its Dogecoin Treasury goals, having already reached the halfway milestone of 500 million DOGE. These developments highlight CleanCore's focus on cryptocurrency initiatives and strategic financial maneuvers, which are likely to interest investors keeping an eye on the company's evolving business model.
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