In brief
- Publicly traded CleanCore Solutions saw its stock price hit a new low on Thursday, now down 78% in the last month.
- The company has amassed $117.5 million worth of Dogecoin and has support from House of Doge.
- The firm reported significant year-over-year losses in its fiscal Q1 2026 report Thursday.
CleanCore Solutions, Inc. announced fiscal first quarter 2026 financial results ending September 30, with a focus on its recent pivot to embracing leading meme coin Dogecoin as a treasury asset.
But the firm’s year-over-year losses spiked, plus DOGE is down big over the past month, and CleanCore’s stock price—the shares trade under ZONE on the NYSE American—hit a record low on Thursday following the announcement, and amid a broader stock market swoon.
ZONE dipped to a record low of $0.373 on Thursday, per data from Yahoo Finance, and finished the trading day down nearly 12% to a price just over $0.41. Over the last month, the firm’s stock price has cratered by nearly 78%.
CleanCore closed a $175 million private placement in partnership with House of Doge—the commercial arm of the Dogecoin Foundation—to fund its “official” Dogecoin treasury. So far, the cleaning products firm has amassed 733.1 million DOGE, worth about $117.5 million, with plans to help boost Dogecoin’s utility with real-world payments and beyond.
“We believe that by combining professional treasury governance with initiatives that enhance Dogecoin’s transactional use and adoption, CleanCore is helping to position DOGE as a trusted reserve asset and a cornerstone of the next generation of digital finance,” said CleanCore CEO Clayton Adams, in a statement.
But that value has been steadily falling of late, with the price of DOGE dropping by more than 21% over the last month alone. Dogecoin has fallen about 6% over the last day, recently trading at a price just above $0.16.
And investors may be reacting to the firm’s losses, too.
CleanCore’s revenue doubled year-over-year to $0.9 million from $0.4 million, with gross profit improving to $0.5 million (59% margin) from $0.2 million (51% margin). However, the company reported a net loss of $13.4 million compared to $0.9 million in the prior year period, primarily driven by one-time expenses related to the treasury strategy implementation.
General and administrative expenses surged to $8.6 million from $0.9 million, attributed to increased professional fees, stock-based compensation, new employee salaries, and insurance costs. The quarter included $1.2 million in non-cash stock compensation. Cash reserves stood at $12.9 million as of quarter-end.
“Our financial results during the quarter reflect several one-time expenses related to our treasury strategy transaction, while our core business experienced growth and cash flow on a stand-alone basis,” said Adams. “Going forward, we will continue to invest in our DOGE portfolio and maintain discipline in our core operating business.”
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Source: https://decrypt.co/348589/dogecoin-treasury-firm-cleancore-stock-new-low-doge-dives
