In this article, we will list the 5 Worst Performing NASDAQ Stocks So Far in 2026. Please visit 10 Worst Performing NASDAQ Stocks So Far in 2026 to see the extended list and the methodology behind it.
5. Fitness Champs Holdings Limited (NASDAQ:FCHL)
Year-to-Date Performance: -98.64%
Fitness Champs Holdings Limited (NASDAQ:FCHL) is one of the worst performing NASDAQ stocks so far in 2026. On April 17, Fitness Champs Holdings priced a best-efforts public offering expected to generate ~$5 million in gross proceeds. The offering consists of 3,225,000 units priced at $1.55 per unit, with each unit including one Class A ordinary share and a warrant to purchase an additional share at $2.635. The transaction closed around April 20, subject to customary conditions.
The Singapore-based aquatic sports provider plans to use the net proceeds for business expansion, general working capital, and other corporate purposes. Univest Securities, LLC is serving as the sole placement agent for the offering, which was conducted under a registration statement declared effective by the SEC in late March.
As a major provider of swimming lessons in Singapore, including the Ministry of Education’s SwimSafer program, the company intends to leverage this capital to diversify its sports education portfolio. In addition to its established swimming, water polo, and lifesaving programs, Fitness Champs is planning to expand its offerings into other sports, such as pickleball.
Fitness Champs Holdings Limited (NASDAQ:FCHL) is a Singapore-based aquatic sports provider offering swimming, water polo, and lifesaving lessons for all ages. The company aims to promote water safety and fitness while expanding its curriculum into other sports like pickleball.
4. Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)
Year-to-Date Performance: -98.91%
Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) is one of the worst performing NASDAQ stocks so far in 2026. On April 16, Cheetah Net Supply Chain Service entered a Share Transfer Agreement to acquire 100% of Super International Trading Limited, a Hong Kong-based firm specializing in large-scale industrial equipment trading. The total purchase price is ~$4.98 million in cash. The deal is expected to close within three months, at which point Super International will become a wholly owned subsidiary of the company.
The agreement includes a performance-based provision requiring the seller to guarantee a minimum of $10 million in annual revenue for the first 3 years post-acquisition. Shortfalls must be compensated in cash to Cheetah Net, while revenue exceeding the $10 million threshold over five years will trigger additional cash or equivalent payments to the transferor.
Cheetah Net expects the acquisition to enhance its cross-border trading capabilities and expand its supply chain service offerings. By integrating Super International’s established supplier relationships and customer base, the company aims to create strategic synergies with its existing logistics infrastructure and reinforce its market position as an integrated service provider.
Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) provides global logistics, warehousing, and freight forwarding services for diverse goods. Formerly known as Yuan Qiu Business Group, the company facilitates international trade through comprehensive ocean, air, and trucking solutions.
3. SMX (Security Matters) PLC (NASDAQ:SMX)
Year-to-Date Performance: -99.23%
SMX (Security Matters) PLC (NASDAQ:SMX) is one of the worst performing NASDAQ stocks so far in 2026. On May 7, SMX launched its Digital Material Passport Platform, a system that integrates molecular marking technology to provide physical materials with a verified digital identity. By embedding invisible markers directly into materials, the platform enables end-to-end traceability, allowing companies to verify origin, composition, and recycled content throughout a product’s entire lifecycle.
The platform is designed to replace traditional paper-based documentation with material-linked proof, targeting industries such as plastics, textiles, and metals. This infrastructure supports global supply chain transparency, assisting brands and regulators in authenticating products and verifying environmental compliance claims more reliably.
SMX (Security Matters) PLC (NASDAQ:SMX) began rolling out access to existing partners in April and opened bookings for new clients on May 4. The launch represents a strategic move toward a “proof-based materials economy,” where the physical assets themselves carry the data necessary for authentication, recycling verification, and responsible supply-chain management.
SMX (Security Matters) PLC (NASDAQ:SMX) offers molecular marking and digital traceability technology to create tamper-resistant identities for physical materials. These solutions enable authentication and lifecycle transparency to ensure compliance across global supply chains.
2. Chanson International Holding (NASDAQ:CHSN)
Year-to-Date Performance: -99.36%
Chanson International Holding (NASDAQ:CHSN) is one of the worst performing NASDAQ stocks so far in 2026. On May 7, Chanson International officially commenced construction on a fully digitalized and automated bakery production base in Urumqi, China. Supported by the local government, this project focuses on AI-driven intelligent manufacturing to upgrade the company’s industrial capabilities. The facility will feature advanced equipment, such as Swiss Rondo production lines and IoT-integrated ovens, using AI algorithms to optimize baking parameters and improve overall production efficiency.
The new facility is designed with a modular manufacturing approach to support rapid product switching and small-batch customization. To enhance supply chain transparency and quality control, Chanson International Holding (NASDAQ:CHSN) is integrating blockchain-based traceability for raw materials and advanced visual inspection systems. Additionally, the company is collaborating with local partners to establish a specialized cold-chain logistics network, aiming to improve inventory turnover and ensure product quality across its nationwide distribution in China.
Sustainability is a key component of the development, with plans to install rooftop solar panels and ground-source heat pumps to improve energy efficiency. Once completed, the production base is expected to materially expand capacity for both Chanson’s franchise and directly operated stores. Management believes this integration of technology and advanced logistics will provide a scalable foundation for the company’s long-term growth and store network expansion.
Chanson International Holding (NASDAQ:CHSN) is a bakery and beverage provider operating dozens of stores across China and NYC. The company delivers healthy, trend-driven products through both physical locations and digital platforms, aiming to provide a high-quality, comfortable dining experience.
1. Hitek Global Inc. (NASDAQ:HKIT)
Year-to-Date Performance: -99.42%
Hitek Global Inc. (NASDAQ:HKIT) is one of the worst performing NASDAQ stocks so far in 2026. On April 24, Hitek Global reported a revenue increase for FY2025, reaching ~$6.5 million compared to $2.9 million in 2024. This growth was fueled by a surge in hardware sales, which rose to $6.1 million due to high demand for safety monitoring equipment from petrochemical companies. However, the company faced declines in its tax devices and software sectors, as free government electronic invoices and reduced procurement from large customers impacted these traditionally high-margin segments.
Despite the top-line growth, gross profit fell to $0.7 million, with gross margins contracting sharply to 10.6% from 34.6% the previous year. This margin compression was a direct result of the shift in revenue mix toward lower-margin hardware sales and away from software services, which typically yield margins exceeding 50%. On the expense side, G&A costs decreased by 10%, aided by the absence of equity transaction fees and lower charitable donations.
The company achieved a net income of $180,142, a notable recovery from the net loss of ~$0.9 million recorded in 2024. This turnaround was bolstered by a $1.0 million increase in net investment income. As of December 31, 2025, Hitek Global Inc. (NASDAQ:HKIT) maintained a cash position of $3.6 million. Moving forward, management expects a recovery in software sales as updated offerings meet market demand and new contracts are finalized.
Hitek Global Inc. (NASDAQ:HKIT) is an IT consulting provider offering tax device services to SMEs alongside hardware and software solutions for large businesses. The company aims to become a holistic, one-stop consulting destination while expanding its system integration and online service platforms.
While we acknowledge the potential of HKIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HKIT and that has 100x upside potential, check out our report about the cheapest AI stock.
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