TLDR
- CleanCore Solutions reported Q1 revenue of $0.9 million, up from $0.4 million in the prior year period
- The company posted a net loss of $13.4 million for the quarter compared to $0.9 million loss last year
- CleanCore holds over 733 million Dogecoin as of November 12, 2025, valued at approximately $123 million
- Stock price dropped 7% to $0.43, marking the lowest point of 2025
- The company completed a $175 million private placement to fund its Dogecoin treasury strategy
CleanCore Solutions saw revenue more than double in its latest quarter. But the numbers tell a complicated story.
The company brought in $0.9 million for the fiscal first quarter ended September 30, 2025. That’s up from $0.4 million during the same period last year.
CleanCore Solutions, Inc., ZONE
Gross profit hit $0.5 million, representing 59% of revenue. Last year’s gross profit was $0.2 million at 51% of revenue.
The good news ends there. General and administrative expenses exploded to $8.6 million from $0.9 million.
The company blamed professional fees, stock compensation, and new employee salaries tied to its treasury strategy. These costs ate into any gains from the revenue growth.
CleanCore posted a net loss of $13.4 million for the quarter. That compares to a $0.9 million loss in the same period last year.
The quarter included $1.2 million in non-cash stock compensation. CEO Clayton Adams acknowledged the hit to the bottom line.
“Our financial results during the quarter reflect several one-time expenses related to our treasury strategy transaction,” Adams said.
The Dogecoin Holdings
CleanCore holds over 733.1 million Dogecoin as of November 12, 2025. As of September 30, the company’s digital asset holdings included 703,617,752 Dogecoin.
Those holdings carried a fair value of $163.8 million at the end of September. But Dogecoin’s price has dropped since then.
The cryptocurrency trades at about $0.16 on Thursday. That puts CleanCore’s current DOGE holdings at roughly $123 million in value.
Dogecoin has fallen over 25% in the past three months. That decline directly impacts the value of CleanCore’s treasury.
The company also held $12.9 million in cash and cash equivalents as of September 30, 2025.
Stock Performance Takes a Hit
CleanCore’s stock dropped 7% on Thursday to $0.43 per share. That marks the lowest point for the stock in 2025.
The decline is steep when compared to recent history. Back in late August, before the Dogecoin treasury transition, shares traded around $7 each.
CleanCore closed a $175 million private placement to fund its Dogecoin strategy. The company partnered with House of Doge on the initiative.
The partnership was announced in September. Since then, the stock has lost over 90% of its value.
CleanCore brought in new leadership to manage the digital asset operations. The company appointed a Chief Investment Officer and added two new board members.
Adams laid out the company’s vision for the Dogecoin holdings. “We executed on our vision to establish the world’s first Dogecoin Treasury,” he said.
Last month, CleanCore reported holding 710 million Dogecoin. The holdings were worth about $188 million at that time.
The company continues growing its DOGE position. Adams said CleanCore is advancing toward acquiring up to 5% of Dogecoin’s circulating supply.
CleanCore manufactures cleaning and disinfection products using aqueous ozone technology. The company’s quarterly report on Form 10-Q is scheduled for filing with the Securities and Exchange Commission.
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