Nakamoto (NAKA) Financials
Ticker history: KDLY became NAKA (Nakamoto Inc.) on . Earlier news and filings retain their original names and dates. View KDLY history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NAKA SEC filings page.
Nakamoto Inc. (NAKA) reported $39.4M in revenue over the twelve months to Jun 30, 2026, up 1657.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
The balance sheet expanded through financing and investing activity, while revenue remained small and operations consumed cash.
Total assets jumped from$3.7M in FY2024 to$730.6M in FY2025, a scale change far larger than the operating business. Financing and investing flows were$723.8M and-$680.0M , respectively, indicating the transformation was driven mainly by capital deployment and funding rather than sales growth.
A net loss of
A current ratio of 1.0x sits alongside total equity of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. 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 Nakamoto Inc.'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.
Nakamoto Inc. held $56.8M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $23.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Nakamoto Inc. scores 58/100 among other emerging companies.
Nakamoto Inc. had 690M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Nakamoto Inc. scores 1/100 among other emerging companies.
Not available for Nakamoto Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Nakamoto Inc. reported revenue of $1.8M in fiscal year 2025, against $2.7M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Nakamoto Inc. scores 12/100 among other emerging companies.
Nakamoto Inc.'s operations used $23.5M of cash in fiscal year 2025, against $3.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Nakamoto Inc. scores 1/100 among other emerging companies.
Nakamoto Inc.'s cash, cash equivalents and investments came to $56.8M at the end of fiscal year 2025, against $216.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Nakamoto Inc. scores 31/100 among other emerging companies.
Nakamoto Inc. scores -0.69, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $197.1M against total assets of $730.6M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Nakamoto Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
Nakamoto Inc. reported a net loss of $52.2M while operations used $23.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Nakamoto Inc. reported an operating loss of $197.1M against $7.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Nakamoto Inc. generated $35.9M in revenue in Q2 2026. This represents an increase of 8680.1% from the same quarter a year earlier. Against the prior quarter it is up 1239.4%.
Nakamoto Inc.'s EBITDA was -$146.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Nakamoto Inc. reported a net loss of $133.0M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Nakamoto Inc. held $19.1M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Nakamoto Inc.'s quarterly ROE was -56.3% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 29.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.8 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Nakamoto Inc. repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NAKA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.9M+8680.1% | $2.7M+361.7% | $445K-26.4% | $388K-40.1% | $409K-36.1% | $580K-30.0% | $604K-20.5% | $648K-25.5% |
| R&D Expenses | N/A | N/A | N/A | N/A | $4-100.0% | $97-99.7% | N/A | N/A |
| SG&A Expenses | $4.7M+318.8% | $9.8M+1549.9% | $5.1M+682.6% | $5.0M+847.7% | $1.1M+152.6% | $593K+82.2% | $647K+137.3% | $526K+54.8% |
| Operating Income | -$149.1Mn/m | -$126.2Mn/m | -$183.3Mn/m | -$10.4Mn/m | -$2.4Mn/m | -$1.0Mn/m | -$1.0Mn/m | -$1.0Mn/m |
| EBITDA | -$146.6Mn/m | -$125.1Mn/m | -$183.2Mn/m | -$10.4Mn/m | -$2.3Mn/m | -$1.0Mn/m | -$954Kn/m | -$1.0Mn/m |
| Interest Expense | $4.0M+109387.5% | $4.2M+70233.3% | N/A | N/A | $4K-98.8% | $6K-89.5% | $8K | $10K-23.0% |
| Income Tax | -$21.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$133.0Mn/m | -$238.8Mn/m | $37.3Mn/m | -$86.0Mn/m | -$2.4Mn/m | -$1.0Mn/m | -$1.0Mn/m | -$1.0Mn/m |
| EPS (Basic) | -$6.65 | -$0.38 | N/A | -$0.42 | -$14.20 | -$0.17 | -$0.17n/m | -$0.17n/m |
| EPS (Diluted) | -$6.65 | -$0.38 | N/A | -$0.42 | -$14.20 | -$0.17 | -$0.17n/m | -$0.17n/m |
| Diluted Shares (Avg) | 20,000 | 636,472 | N/A | 203M | 170 | 6,025 | N/A | 6M+31.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
NAKA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $422.5M+4172.0% | $620.8M+24114.5% | $730.6M+19764.3% | $692.4M+15912.8% | $9.9M+81.2% | $2.6M+220.7% | $3.7M+234.6% | $4.3M |
| Current Assets | $27.5M+330.8% | $63.4M+4798.7% | $223.8M+8832.5% | $27.1M+586.4% | $6.4M+26.1% | $1.3M+263.6% | $2.5M+306.1% | $3.9M |
| Cash & Equivalents | $19.1M+216.6% | $35.3M+2994.9% | $21.1M+826.7% | $24.2M+563.9% | $6.0M+27.1% | $1.1M+296.9% | $2.3M+332.7% | $3.6M+2308.6% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | N/A | N/A | N/A | N/A | $1K-71.8% | $2K-97.1% | $4K-93.2% | $3K |
| Accounts Receivable | N/A | N/A | N/A | N/A | $7K+44.2% | $14K+80.2% | $37K+31.6% | $45K |
| Long-Term Investments | $17.5Mn/m | $16.9Mn/m | $35.7Mn/m | $46.0Mn/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $16.4M | $93.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $186.1M+20054.1% | $253.7M+24421.7% | $216.4M+19396.7% | $214.9M+25475.3% | $923K-14.2% | $1.0M-12.5% | $1.1M-8.1% | $840K |
| Current Liabilities | $179.5M+36496.3% | $251.7M+44653.7% | $216.0M+35538.1% | $214.5M+29445.3% | $490K-48.0% | $562K-34.7% | $606K-25.6% | $726K |
| Non-Current Liabilities | $6.6M+1430.8% | $2.0M+321.1% | $366K-27.3% | $400K+250.1% | $433K+224.8% | $472K+47.1% | $504K+28.1% | $114K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $64K-90.9% | $149K | $206K |
| Total Equity | $236.4M+2536.5% | $367.1M+23907.5% | $514.3M+19925.6% | $477.6M+13607.1% | $9.0M+104.7% | $1.5Mn/m | $2.6Mn/m | $3.5Mn/m |
| Retained Earnings | -$431.8Mn/m | -$298.8Mn/m | -$60.0Mn/m | -$97.3Mn/m | -$11.2Mn/m | -$8.8Mn/m | -$7.8Mn/m | -$6.8M |
NAKA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3Mn/m | -$23.3Mn/m | -$7.6Mn/m | -$13.2Mn/m | -$1.9Mn/m | -$865Kn/m | -$902Kn/m | -$1.0M-3160.4% |
| Depreciation & Amortization | $2.4M+4588.1% | $1.1M+6094.4% | $71K+2.7% | $43K-13.6% | $52K-0.2% | $18K-64.1% | $69K-5.8% | $49K+192.8% |
| Stock-Based Compensation | N/A | $1.6M+17755.6% | N/A | N/A | N/A | $9K+18.2% | N/A | $73K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $2n/m | $2Kn/m |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | -$902Kn/m | -$1.0M-3166.6% |
| Investing Cash Flow | -$2.3Mn/m | $36.6Mn/m | $6.3Mn/m | -$683.8Mn/m | -$2.3Mn/m | -$173Kn/m | -$388Kn/m | -$2Kn/m |
| Financing Cash Flow | -$9.2M-200.7% | -$561Kn/m | -$311Kn/m | $715.1Mn/m | $9.1M+70.4% | -$95Kn/m | -$79K-113.6% | -$50K-867.1% |
| Share Buybacks | $0 | $561K+5510.0% | N/A | N/A | N/A | $10K | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
NAKA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -415.6% | -4711.4% | -41230.1% | -2680.4% | -585.4% | -179.7% | -169.3% | -162.0% |
| Net Margin | -370.8% | -8916.2% | 8380.7% | -22162.2% | -590.9% | -179.0% | -165.9% | -156.5% |
| Return on Equity | -56.3%-29.3pp | -65.0%+2.8pp | 7.2%+46.3pp | -18.0%+11.1pp | -26.9%+3.2pp | -67.9% | -39.0% | -29.1% |
| Return on Assets | -31.5%-7.1pp | -38.5%+2.0pp | 5.1%+32.3pp | -12.4%+11.0pp | -24.4%-0.2pp | -40.5%-5.2pp | -27.2%+2.3pp | -23.4% |
| Current Ratio | 0.15-12.8x | 0.25-2.0x | 1.04-3.1x | 0.13-5.3x | 12.99+7.6x | 2.30+1.9x | 4.13+3.4x | 5.43 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 0.04 | 0.06 | 0.06 |
| Liabilities-to-Equity | 0.79+0.7x | 0.690.0x | 0.420.0x | 0.45+0.2x | 0.10-0.1x | 0.68 | 0.43 | 0.24 |
| Asset Turnover | 0.080.0x | 0.00-0.2x | 0.00-0.2x | 0.00-0.1x | 0.04-0.1x | 0.23-0.8x | 0.16-0.5x | 0.15 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -149.3% | -161.7% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Nakamoto Inc. NAKA | FY2025 | $1.8M | -$52.2M | N/A | $107.7M | 21/100 |
| Waton Financial Limited WTF | FY2026 | $11.1M | -$15.2M | N/A | $95.3M | 36/100 |
| Siebert Financial Corp SIEB | FY2025 | $94.2M | $5.1M | 5.4% | $75.4M | 59/100 |
| Soluna Holdings, Inc. SLNH | FY2025 | $29.7M | -$53.4M | N/A | $136.7M | 40/100 |
| Defi Technologies, Inc. DEFT | FY2025 | $99.1M | $62.4M | 62.9% | $153.3M | 27/100 |
| BitFuFu Inc. FUFU | FY2025 | $477.5M | -$31.3M | -6.5% | $166.7M | 57/100 |
Where Nakamoto Inc. Ranks
Frequently Asked Questions
Nakamoto Inc. (NAKA) reported $1.8M in total revenue for fiscal year 2025. This represents a -33.0% 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.
Nakamoto Inc. (NAKA) revenue declined by 33.0% year-over-year, from $2.7M to $1.8M in fiscal year 2025.
No, Nakamoto Inc. (NAKA) reported a net loss of $420.5M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $52.2M.
Nakamoto Inc. (NAKA) had EBITDA of -$196.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Nakamoto Inc. (NAKA) has a return on equity of -10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Nakamoto Inc. (NAKA) recorded an outflow of $23.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Nakamoto Inc. (NAKA) had $730.6M in total assets as of fiscal year 2025, including both current and long-term assets.
Nakamoto Inc. (NAKA) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.
Nakamoto Inc. (NAKA) had a liabilities-to-equity ratio of 0.42 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Nakamoto Inc. (NAKA) had a return on assets of -7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Nakamoto Inc. (NAKA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $107.7M as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Nakamoto Inc. (NAKA) trades at 2.7x sales, its market capitalization divided by $39.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $107.7M as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Nakamoto Inc. (NAKA) has an Altman Z-Score of -0.69, placing it in the Distress Zone (elevated 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.
Nakamoto Inc. (NAKA) has a Piotroski F-Score of 2 out of 7 computable signals; 2 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.
Nakamoto Inc. (NAKA) reported a net loss of $52.2M while operations used $23.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Nakamoto Inc. (NAKA) reported an operating loss of $197.1M against $7.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Nakamoto Inc. (NAKA) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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. For Nakamoto Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.