Strive Financials
This page shows Strive (ASST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid revenue growth is being overwhelmed by a cash-burning operating buildout still financed mainly through external capital.
In FY2024, net loss of-$21.58M almost exactly matched operating cash outflow of-$21.6M , so the weak earnings are not a non-cash accounting artifact; they are leaving the business as cash. With capex at only$24K , the burn is coming from the operating model itself rather than from heavy investment in long-lived assets.
Revenue reached
Year-end cash of
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Strive's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Strive has an operating margin of -620.7%, meaning the company retains $-621 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is up from -1780.0% the prior year.
Strive carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.12, Strive holds $7.12 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.
While Strive generated -$21.6M in operating cash flow, capex of $24K consumed most of it, leaving -$21.6M in free cash flow. This results in a low score of 3/100, reflecting heavy capital investment rather than weak cash generation.
Strive generates a -92.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from -30.7% the prior year.
Strive scores 117.90, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($987.1M) relative to total liabilities ($4.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Strive passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Strive generates $1.00 in operating cash flow (-$21.6M OCF vs -$21.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Strive generated $3.6M in revenue in fiscal year 2024. This represents an increase of 1217.5% from the prior year.
Strive's EBITDA was -$22.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 355.6% from the prior year.
Strive reported -$21.6M in net income in fiscal year 2024. This represents a decrease of 337.6% from the prior year.
Strive earned $-9.75 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 427.0% from the prior year.
Cash & Balance Sheet
Strive generated -$21.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 465.8% from the prior year.
Strive held $6.2M in cash against $0 in long-term debt as of fiscal year 2024.
Margins & Returns
Strive's operating margin was -620.7% in fiscal year 2024, reflecting core business profitability. This is up 1159.3 percentage points from the prior year.
Strive's net profit margin was -591.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1188.7 percentage points from the prior year.
Strive's ROE was -92.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 61.7 percentage points from the prior year.
Capital Allocation
Strive invested $423K in research and development in fiscal year 2024. This represents an increase of 2135.5% from the prior year.
Strive invested $24K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 77.0% from the prior year.
ASST Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M+82.5% | $1.5M+17.4% | $1.3M+643.4% | $173K-87.8% | $1.4M-41.9% | $2.4M+148.8% | $984K+958.5% | $93K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | $99K | N/A | N/A | N/A |
| SG&A Expenses | $5.9M+61.3% | $3.7M+322.6% | $871K-7.0% | $936K-50.9% | $1.9M-65.8% | $5.6M+26.4% | $4.4M+483.3% | $755K |
| Operating Income | -$313.1M-29.9% | -$241.1M-5787.1% | -$4.1M-52.1% | -$2.7M+33.9% | -$4.1M+67.5% | -$12.5M-78.8% | -$7.0M-306.0% | -$1.7M |
| Interest Expense | N/A | N/A | N/A | $1K-1.9% | $1K | N/A | N/A | N/A |
| Income Tax | $0 | $0 | $0 | N/A | $0 | N/A | $0 | N/A |
| Net Income | -$265.9M+32.4% | -$393.6M-2639.8% | -$14.4M-61.9% | -$8.9M-136.7% | -$3.7M+9.0% | -$4.1M+39.5% | -$6.8M-15.9% | -$5.9M |
| EPS (Diluted) | $-4.53+49.9% | $-9.04-46.3% | $-6.18-3535.3% | $-0.17+89.7% | $-1.65 | N/A | $-3.06-427.6% | $-0.58 |
ASST Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+47.6% | $745.5M-5.9% | $792.6M+24194.0% | $3.3M-34.7% | $5.0M-82.3% | $28.2M+1004.4% | $2.6M+4.4% | $2.4M |
| Current Assets | $151.0M+110.3% | $71.8M-37.2% | $114.2M+4061.6% | $2.7M-38.7% | $4.5M-81.2% | $23.8M+970.5% | $2.2M+5.1% | $2.1M |
| Cash & Equivalents | $95.1M+40.9% | $67.5M-38.1% | $109.1M+4230.8% | $2.5M-40.2% | $4.2M-31.6% | $6.2M+193.3% | $2.1M+8.9% | $1.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | $0 | $0 | N/A | N/A | $0 | N/A | N/A |
| Total Liabilities | $385.5M+2597.8% | $14.3M+8.7% | $13.1M+276.3% | -$7.5M+48.9% | -$14.6M-400.7% | $4.9M+119.5% | -$24.9M-743.7% | -$3.0M |
| Current Liabilities | $13.2M+22.4% | $10.8M+12.9% | $9.5M+1549.8% | $578K+25.6% | $461K-86.2% | $3.3M+1022.0% | $298K-14.7% | $349K |
| Long-Term Debt | $10.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $714.8M+22.7% | $582.4M-25.3% | $779.4M+7172.1% | $10.7M-45.3% | $19.6M-16.1% | $23.3M-15.0% | $27.5M+408.7% | $5.4M |
| Retained Earnings | -$753.4M-58.9% | -$474.1M-76.6% | -$268.4M-1543.7% | -$16.3M-19.5% | -$13.7M+72.2% | -$49.1M-391.7% | -$10.0M-15.3% | -$8.7M |
ASST Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$31.0M-24.1% | -$25.0M-67.1% | -$14.9M-742.4% | $2.3M+141.6% | -$5.6M+8.0% | -$6.1M | N/A | -$1.3M |
| Capital Expenditures | $0-100.0% | $12K | N/A | N/A | $50K+128.4% | -$176K-195.0% | $185K+6379.2% | $3K |
| Free Cash Flow | -$31.0M-24.0% | -$25.0M | N/A | N/A | -$5.6M+9.8% | -$6.2M | N/A | -$1.3M |
| Investing Cash Flow | -$123.8M+85.5% | -$854.6M | N/A | N/A | $8.2M-2.9% | $8.5M+173.9% | -$11.4M-5543.9% | -$203K |
| Financing Cash Flow | $182.4M-80.7% | $943.2M+26163.4% | -$3.6M-216.0% | $3.1M | $0-100.0% | $1K | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASST Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -11346.0%+4602.2pp | -15948.2%-15630.1pp | -318.0%+1235.9pp | -1553.9%-1267.7pp | -286.2%+225.6pp | -511.8%+200.6pp | -712.4%+1144.8pp | -1857.2% |
| Net Margin | -9634.3%+16397.3pp | -26031.6%-24916.2pp | -1115.4%+4007.0pp | -5122.4%-4858.9pp | -263.5%-95.2pp | -168.2%+523.1pp | -691.3%+5621.8pp | -6313.1% |
| Return on Equity | -37.2%+30.4pp | -67.6%-65.7pp | -1.8%+81.0pp | -82.8%-63.7pp | -19.1%-1.5pp | -17.6%+7.1pp | -24.8%+84.0pp | -108.7% |
| Return on Assets | -24.2%+28.6pp | -52.8%-51.0pp | -1.8%+270.2pp | -272.0%-197.0pp | -75.1%-60.5pp | -14.6%+251.8pp | -266.4%-26.5pp | -240.0% |
| Current Ratio | 11.44+4.8 | 6.66-5.3 | 11.97+7.2 | 4.74-5.0 | 9.72+2.6 | 7.12-0.3 | 7.46+1.4 | 6.05 |
| Debt-to-Equity | 0.54+0.5 | 0.020.0 | 0.02+0.7 | -0.70+0.0 | -0.75-1.0 | 0.21+1.1 | -0.91-0.4 | -0.55 |
| FCF Margin | -1122.8%+529.9pp | -1652.6% | N/A | N/A | -396.2%-141.0pp | -255.3% | N/A | -1379.4% |
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Frequently Asked Questions
What is Strive's annual revenue?
Strive (ASST) reported $3.6M in total revenue for fiscal year 2024. This represents a 1217.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Strive's revenue growing?
Strive (ASST) revenue grew by 1217.5% year-over-year, from $277K to $3.6M in fiscal year 2024.
Is Strive profitable?
No, Strive (ASST) reported a net income of -$21.6M in fiscal year 2024, with a net profit margin of -591.2%.
What is Strive's EBITDA?
Strive (ASST) had EBITDA of -$22.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Strive's operating margin?
Strive (ASST) had an operating margin of -620.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Strive's net profit margin?
Strive (ASST) had a net profit margin of -591.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Strive's return on equity (ROE)?
Strive (ASST) has a return on equity of -92.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Strive's free cash flow?
Strive (ASST) generated -$21.6M in free cash flow during fiscal year 2024. This represents a -465.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Strive's operating cash flow?
Strive (ASST) generated -$21.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Strive's total assets?
Strive (ASST) had $28.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Strive's capital expenditures?
Strive (ASST) invested $24K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Strive spend on research and development?
Strive (ASST) invested $423K in research and development during fiscal year 2024.
What is Strive's current ratio?
Strive (ASST) had a current ratio of 7.12 as of fiscal year 2024, which is generally considered healthy.
What is Strive's debt-to-equity ratio?
Strive (ASST) had a debt-to-equity ratio of 0.21 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Strive's return on assets (ROA)?
Strive (ASST) had a return on assets of -76.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Strive's cash runway?
Based on fiscal year 2024 data, Strive (ASST) had $6.2M in cash against an annual operating cash burn of $21.6M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Strive's Altman Z-Score?
Strive (ASST) has an Altman Z-Score of 117.90, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Strive's Piotroski F-Score?
Strive (ASST) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Strive's earnings high quality?
Strive (ASST) has an earnings quality ratio of 1.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Strive?
Strive (ASST) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.