Simply put
- CleanCore Solutions’ stock reached a new low on Thursday, down 78% in the last month.
- The company holds $117.5 million in Dogecoin, supported by the Doge Institute.
- A year-over-year loss was reported in their fiscal 2026 first-quarter results on Thursday.
CleanCore Solutions, Inc. shared its financial results for the first quarter of fiscal 2026, which ended on September 30th. They’ve made some major shifts recently, like embracing meme coins such as Dogecoin as a national treasury asset.
But here’s the catch: their losses have surged compared to last year, and the value of DOGE has plummeted in the past month. CleanCore’s stock price hit a historic low on Thursday after the announcement, reflecting the broader downturn in the stock market.
On Thursday, the stock fell to an all-time low of $0.373, finishing the day down nearly 12% and hovering just above $0.41. Last month, the company’s share price actually increased by about 78%.
CleanCore has teamed up with the House of Doge, which is associated with the Dogecoin Foundation, to secure a $175 million private placement aimed at funding its “official” Dogecoin vault. They have managed to gather 733.1 million DOGE—worth about $117.5 million—while intending to enhance Dogecoin’s practical applications in everyday transactions and more.
CEO Clayton Adams expressed that their goal is to combine solid financial oversight with a push to improve Dogecoin’s transaction capabilities and acceptance, hoping to establish DOGE as a reliable reserve asset and a cornerstone of advanced digital finance.
Nevertheless, the value of DOGE has been on a downward trend recently, dropping over 21% this past month alone. In fact, Dogecoin fell about 6% in just one day, currently trading at above $0.16.
And it seems like investors might be responding to the company’s losses as well.
While CleanCore’s revenues did double year over year—from $400,000 to $900,000—and gross profits rose from $200,000 (51% margin) to $500,000 (59% margin), the company still reported a loss of $13.4 million. This is a stark contrast to the net loss of $900,000 from the same period last year, primarily driven by one-time charges related to implementing their financial strategy.
General and administrative expenses saw a jump from $0.9 million to $8.6 million because of higher professional fees, stock-based compensation, and costs associated with new hires and insurance. This quarter included $1.2 million in non-cash stock compensation. As of the end of the quarter, cash reserves totaled $12.9 million.
“Although our financial results for this quarter reflect some one-time charges related to strategic financial transactions, our core businesses have shown growth and positive cash flow independently,” Adams mentioned. “Looking ahead, we plan to keep investing in our DOGE portfolio while managing our core business with discipline.”
