Fabric.AI, Inc (NASDAQ: FABC) is a digital asset treasury company that holds and manages cryptocurrency and marketable securities after abandoning its prior electric vehicle manufacturing operations. The company generated no revenue during the fiscal year ended December 31, 2025, with results driven entirely by operating expenses, changes in fair value of digital assets and financial instruments, and preferred stock dividends. Its principal activities as of FY2025 consisted of digital asset treasury management, management of marketable securities and cash, and limited EV re-engineering activity related to a vehicle called the Vanish. The company has a stated strategic focus on stablecoin-adjacent cryptocurrency infrastructure tokens, targeting assets tied to blockchain networks, lending protocols, decentralized exchanges, and interoperability bridges that support stablecoin flows such as USDC and USDT. FABC has never been profitable, carries Series H-7 and Series I Convertible Preferred Stock, and has disclosed a material weakness in internal controls over financial reporting as of the filing date of March 30, 2026.

Revenue model

The company generated no revenue during the fiscal year ended December 31, 2025. It holds digital assets and marketable securities, with gains and losses recognized through fair value changes rather than operating income. No dividend is paid on common stock.

Products and services

Digital asset treasury holdings focused on stablecoin infrastructure tokens (blockchain layer-1/layer-2, oracle services, lending protocols, decentralized exchanges, interoperability bridges). Limited EV re-engineering activity related to the Vanish vehicle. The company also holds 11 granted U.S. patents (four design, seven utility, nine granted in 2023) and more than 30 trademark registrations and pending applications as of December 31, 2025.

Customers and end markets

The filing excerpts do not identify external customers or end markets. The company does not sell products or services to third parties and generated no revenue in FY2025.

Value-chain role

Digital asset treasury holder and manager. The company acquires and holds cryptocurrency tokens and marketable securities on its own balance sheet rather than providing services to external customers.

Geographic exposure

Incorporated in the United States; patents filed with the USPTO. The filing excerpts do not disclose international operations or geographic revenue breakdown.

Source: SEC 10-K, filed 2026-03-30

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