Strive, Inc. (ASST): Results of Operations and Financial Condition
Strive, Inc. (ASST) filed an SEC Form 8-K — Results of Operations and Financial Condition. 1 Exhibit 99.1 Strive, Inc. Announces Second Quarter 2026 Financial Results DALLAS, TX — (GLOBE NEWSWIRE) — August 10, 2026 - Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced its financial results for the second quarter ended June 30, 2026 . Key Highl
How this was made
The 30-second read
Why it matters
The filing provides new, decision-relevant disclosures: bitcoin accumulation and yield metrics, the start and streak of daily preferred dividends, retirement of all short and long-term debt, and updated cash and digital asset fair values. It also quantifies GAAP and non-GAAP losses, with most GAAP loss tied to fair-value decreases in bitcoin and STRC holdings.
Market read
Traders get a fresh snapshot of Strive’s crypto-linked balance sheet and capital structure, including debt elimination and a new daily dividend mechanism, but must weigh it against continued fair-value-driven losses.
What to watch
Non-GAAP adjusted net loss still reflects substantial non-cash fair-value impacts; traders should separate dividend cash flow sustainability from accounting-driven earnings volatility and watch for changes in bitcoin yield and preferred dividend coverage.
Strive reported a GAAP net loss of $257.6 million and acquired a total of 6,236 bitcoin during the second quarter ended June 30, 2026.
The company expanded bitcoin holdings and retired all outstanding debt, but reported a GAAP net loss of $257.6 million, principally attributable to fair-value decreases in bitcoin and STRC Stock holdings.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenuesGAAP | $ 2,941 (in thousands) | – | – |
| Total operating expensesGAAP | $ 24,396 (in thousands) | – | – |
| Net operating lossGAAP | $ (258,249) (in thousands) | – | – |
| Total investment lossesGAAP | $ (236,794) (in thousands) | – | – |
| Net loss before income taxesGAAP | $ (257,603) (in thousands) | – | – |
| Net lossGAAP | $ (257,603) (in thousands) | – | – |
| Dividends on preferred stockGAAP | $ (26,209) (in thousands) | – | – |
| Net loss attributable to common stockholdersGAAP | $ (283,812) (in thousands) | – | – |
| Net loss per common share, basicGAAP | $ (3.77) | – | – |
| Net loss per common share, dilutedGAAP | $ (3.77) | – | – |
| Weighted average number of common shares outstanding, basicGAAP | 75,275,806 | – | – |
| Weighted average number of common shares outstanding, dilutedGAAP | 75,275,806 | – | – |
| Non-GAAP adjusted net lossnon-GAAP | $ (248,763) (in thousands) | – | – |
| Non-GAAP adjusted net loss attributable to common stockholdersnon-GAAP | $275.0 million | – | – |
| Non-GAAP adjusted net loss per diluted common sharenon-GAAP | $3.65 per diluted common share | – | – |
| Bitcoin acquiredother | 6,236 bitcoin | – | – |
| Bitcoin Yieldother | 23.9% | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Investment advisory feesNot provided. | $ 1,512 (in thousands) | – | – |
| Medical device revenuesNot provided. | $ 1,388 (in thousands) | – | – |
| Other revenueNot provided. | $ 41 (in thousands) | – | – |
Capital returns
- On June 16, 2026, began paying dividends on Variable Rate Series A Perpetual Preferred Stock each business day.
- As of August 7, 2026, Strive has paid 44 consecutive dividends.
- SATA Stock paid cash dividends every single Business Day on June 16, 2026, at a current annualized rate of 13.00%.
- Dividends on preferred stock were $ (26,209) (in thousands) for the three months ended June 30, 2026.
What drove it
- Net unrealized loss on digital assets, at fair value, was $ (228,031) (in thousands).
- Net unrealized loss on investments in preferred equity, at fair value, was $ (5,962) (in thousands).
- Other investment loss was $ (2,801) (in thousands).
- $234.0 million, or 94.1%, of the GAAP net loss was attributable to the fair market value decrease of the Company's bitcoin and STRC Stock holdings.
- Employee compensation and benefits were $ 16,314 (in thousands), compared with $ 2,005 (in thousands) for the three months ended June 30, 2025.
- Medical device revenues were $ 1,388 (in thousands), compared with $ — for the three months ended June 30, 2025.
Concerns
- The company reported a GAAP net loss of $257.6 million for the three months ended June 30, 2026.
- Total operating expenses were $ 24,396 (in thousands), while total revenues were $ 2,941 (in thousands).
- The fair-value losses on digital assets and investments in preferred equity totaled $ (236,794) (in thousands).
- Dividends declared on SATA Stock were $26.2 million and represented 9.5% of the $275.0 million non-GAAP adjusted net loss attributable to common stockholders.
What to watch
- Bitcoin acquired after quarter-end: 303 bitcoin during the period from July 1, 2026 through August 7, 2026.
- Bitcoin Yield following the reported 23.9% second-quarter result.
- The daily dividend payments on SATA Stock and the stated current annualized rate of 13.00%.
- Fair-value movements in the Company's bitcoin and STRC Stock holdings.
- Cash and cash equivalents of $154.9 million, STRC Stock fair value of $48.0 million, and the absence of short- or long-term debt as of August 7, 2026.
Balance sheet and cash flow
- Cash and cash equivalents were $ 145,466 (in thousands) as of June 30, 2026, compared with $ 67,499 (in thousands) as of December 31, 2025.
- Digital assets, at fair value, were $ 1,164,639 (in thousands) as of June 30, 2026, compared with $ 668,486 (in thousands) as of December 31, 2025.
- Investments in preferred equity, at fair value, were $ 42,854 (in thousands) as of June 30, 2026, compared with $ — as of December 31, 2025.
- Total assets were $ 1,377,109 (in thousands) as of June 30, 2026, compared with $ 745,527 (in thousands) as of December 31, 2025.
- Total liabilities were $ 28,581 (in thousands) as of June 30, 2026, compared with $ 14,289 (in thousands) as of December 31, 2025.
- Variable Rate Series A Preferred Stock had $783.0 million redemption value and liquidation preference as of June 30, 2026.
- Total stockholders’ equity was $ 646,155 (in thousands) as of June 30, 2026, compared with $ 582,436 (in thousands) as of December 31, 2025.
- As of August 7, 2026, cash and cash equivalents totaled $154.9 million and the position in STRC Stock had a fair value of $48.0 million.
- As of August 7, 2026, the Company had no short or long-term debt outstanding.
Analysis
Strive reported total revenues of $ 2,941 (in thousands) for the three months ended June 30, 2026, versus $ 1,511 (in thousands) for the three months ended June 30, 2025. Investment advisory fees were $ 1,512 (in thousands), medical device revenues were $ 1,388 (in thousands), and other revenue was $ 41 (in thousands). The release does not provide a quarter-over-quarter comparison or narrative revenue drivers for these revenue lines.
Profitability was dominated by fair-value losses. The company reported a GAAP net loss of $257.6 million, including $ (228,031) (in thousands) of net unrealized loss on digital assets and $ (5,962) (in thousands) of net unrealized loss on investments in preferred equity. Strive stated that $234.0 million, or 94.1%, of GAAP net loss was attributable to the fair market value decrease in its bitcoin and STRC Stock holdings. Total operating expenses were $ 24,396 (in thousands), including $ 16,314 (in thousands) of employee compensation and benefits.
The non-GAAP reconciliation reported non-GAAP adjusted net loss of $ (248,763) (in thousands) and non-GAAP adjusted net loss attributable to common stockholders of $275.0 million. The company attributed $234.0 million, or 85.1%, of the adjusted loss attributable to common stockholders to the fair market value decrease in bitcoin and STRC Stock holdings. It also reported $26.2 million, or 9.5%, attributable to dividends declared on SATA Stock. GAAP diluted net loss per common share was $ (3.77), while the release reported non-GAAP adjusted net loss of $3.65 per diluted common share.
The balance sheet expanded during the period, with digital assets, at fair value, of $ 1,164,639 (in thousands) as of June 30, 2026 and cash and cash equivalents of $ 145,466 (in thousands). The company acquired 6,236 bitcoin during the second quarter and reported Bitcoin Yield of 23.9%. It also reported acquiring 303 bitcoin from July 1, 2026 through August 7, 2026. As of August 7, 2026, management said the company had retired all outstanding short- and long-term debt and had no short or long-term debt outstanding.
Capital allocation centered on the SATA Stock dividend structure and bitcoin accumulation. Strive began paying SATA Stock dividends each business day on June 16, 2026 and had paid 44 consecutive dividends as of August 7, 2026. The release cited a current annualized rate of 13.00%. No forward financial guidance was provided, leaving future revenue, expense, profitability, cash flow, and bitcoin-acquisition expectations unquantified.
Management, verbatim
SATA became the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day on June 16, 2026, at a current annualized rate of 13.00%. We believe this zero-to-one innovation will fuel long-term accretive Bitcoin yield to our common equity shareholders.
Matthew Cole, Chairman & Chief Executive Officer of Strive, Inc.
Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility.
Matthew Cole, Chairman & Chief Executive Officer of Strive, Inc.
Not in the filing
stated, not guessed- Forward revenue guidance
- Forward gross-margin guidance
- Forward operating-expense guidance
- Forward tax-rate guidance
- Other forward guidance
- Previous-quarter total revenue
- Previous-quarter revenue by revenue line
- Reported year-over-year percentage changes for revenue and revenue lines
- Reported quarter-over-quarter percentage changes for revenue and revenue lines
- Gross profit and gross margin
- Operating income
- Operating cash flow
- Free cash flow
- Capital expenditures
- Share repurchases
- Common-stock dividend information
- GAAP effective tax rate
- Non-GAAP adjusted net loss per diluted common share prior-year comparative figure
- Prior-quarter comparisons for reported profitability metrics
- Prior outlook for comparison
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC 8-K (Item 2.02) attaching Strive’s Q2 2026 earnings release and financial statements.
Ticker impact
Strive reported Q2 2026 results and disclosed it acquired 6,236 bitcoin in Q2, began daily SATA dividends June 16, and is now debt-free.
Near-term volatility risk remains high due to GAAP losses driven by fair-value declines in bitcoin and STRC holdings, but the debt retirement and dividend cadence may support a more stable equity narrative.
The 8-K includes concrete operational and financial datapoints (bitcoin acquisitions, yield, dividend start and count, debt retirement, cash and digital asset fair values). However, it does not provide forward guidance or a clear earnings power trajectory beyond the stated yield/dividend thesis, limiting directional conviction.
Market effects
Highlights a model where a listed security pays frequent preferred dividends funded by bitcoin yield, which may influence how investors price crypto-exposed yield vehicles.
Limited, primarily Nasdaq-listed small-cap sentiment and crypto-linked equity positioning.
Moderate via bitcoin exposure and fair-value accounting sensitivity, but the disclosure is company-specific rather than a market-wide crypto event.
Counterpoint
The headline improvements (debt-free, daily dividends) may be offset by continued fair-value drawdowns in bitcoin and STRC holdings, keeping GAAP losses large and potentially pressuring equity holders if yield assumptions weaken.
Key entities
- issuerStrive, Inc.
Nasdaq-listed company reporting Q2 2026 results, bitcoin acquisitions, daily SATA preferred dividends, and debt retirement.
- securityVariable Rate Series A Perpetual Preferred Stock (SATA)
Preferred stock that began paying dividends every business day on June 16, 2026; 44 consecutive dividends paid as of Aug 7, 2026.
- securityStrategy Inc. (STRC)
Strive’s preferred equity holding referenced via STRC stock fair value and its contribution to fair-value driven losses.
