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NAKAMOTO INC WTS 5/31/29 (NAKAW) Financials

NAKAW
Trailing 12 months to June 30, 2026
Revenue $39.4M +1657.8% YoY
Net Income -$420.5M -7591.6% YoY
EPS (Diluted) -$0.26 FY2025 annual
Operating Cash Flow -$47.3M -900.9% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-K 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 NAKAW SEC filings page.

NAKAMOTO INC WTS 5/31/29 (NAKAW) 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).

Rhea AI NAKAW FY2025

Externally funded balance-sheet expansion is occurring alongside a revenue base too small to absorb Nakamoto’s operating costs.

From FY2024 to FY2025, financing inflows of $723.8M largely funded investing outflows of $680.0M, while operating cash flow remained negative at -$23.5M. That combination points to a business being reshaped through capital deployment rather than internally funded operations; balance-sheet expansion is not yet matched by operating cash generation.

Revenue fell to $1.8M in FY2025 while reported SG&A climbed to $11.8M, leaving the cost structure dramatically out of proportion to sales. The resulting operating margin of -108.2% indicates that overhead relative to the revenue base, rather than a reported gross-margin issue, is the central earnings constraint.

Despite total equity reaching $514.3M, the current ratio compressed from 4.1x to 1.0x, showing that headline balance-sheet growth did not preserve the earlier short-term cushion. Debt-to-equity rose from 0.1x to 0.4x, while current liabilities represented nearly all total liabilities in FY2025, making the financing structure more concentrated in near-term obligations.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&DIntensity Revenue Progress BurnTrend BalanceSheet 17 / 100
Financial Health Score 17/100
Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. 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 NAKAMOTO INC WTS 5/31/29'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.

Cash Runway
54

NAKAMOTO INC WTS 5/31/29 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 WTS 5/31/29 scores 54/100 among other emerging companies.

Dilution
1

NAKAMOTO INC WTS 5/31/29 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 WTS 5/31/29 scores 1/100 among other emerging companies.

R&D Intensity
0

Not available for NAKAMOTO INC WTS 5/31/29, and counted as zero in the overall score.

Revenue Progress
12

NAKAMOTO INC WTS 5/31/29 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 WTS 5/31/29 scores 12/100 among other emerging companies.

Burn Trend
1

NAKAMOTO INC WTS 5/31/29'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 WTS 5/31/29 scores 1/100 among other emerging companies.

Balance Sheet
31

NAKAMOTO INC WTS 5/31/29'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 WTS 5/31/29 scores 31/100 among other emerging companies.

Piotroski F-Score Partial
2/7

NAKAMOTO INC WTS 5/31/29 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), neither operating efficiency signal passes.

Earnings Quality No Cash Backing
N/A

NAKAMOTO INC WTS 5/31/29 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.

Interest Coverage At Risk
N/A

NAKAMOTO INC WTS 5/31/29 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

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Earnings & Revenue

Revenue
$35.9M
YoY+8680.1%
QoQ+1239.4%

NAKAMOTO INC WTS 5/31/29 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%.

EBITDA
-$146.6M
YoY-6168.0%
QoQ-17.3%

NAKAMOTO INC WTS 5/31/29's EBITDA was -$146.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6168.0% from the same quarter a year earlier. Against the prior quarter it is down 17.3%.

Net Income
-$133.0M
YoY-5409.4%
QoQ+44.3%

NAKAMOTO INC WTS 5/31/29 reported -$133.0M in net income in Q2 2026. This represents a decrease of 5409.4% from the same quarter a year earlier. Against the prior quarter it is up 44.3%.

EPS (Diluted)
-$6.65

NAKAMOTO INC WTS 5/31/29 earned -$6.65 per diluted share (EPS) in Q2 2026.

Cash & Balance Sheet

Cash & Debt
$19.1M
YoY+216.6%
QoQ-46.0%

NAKAMOTO INC WTS 5/31/29 held $19.1M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
18M

NAKAMOTO INC WTS 5/31/29 had 18M shares outstanding in Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity
-56.3%
YoY-29.3pp
QoQ+8.8pp

NAKAMOTO INC WTS 5/31/29's ROE was -56.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. 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.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

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

Share Buybacks
$0
YoY-100.0%
QoQ-100.0%

NAKAMOTO INC WTS 5/31/29 repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

NAKAW 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.

NAKAW quarterly income statement
MetricQ2'2610-KQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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 ExpensesN/AN/AN/AN/A$4-100.0%$97-99.7%N/AN/A
SG&A Expenses$4.7M+318.8%$9.8M+1549.9%$5.1M+727.9%$5.0M+847.7%$1.1M+152.6%$593K+82.2%$612K+124.3%$526K+54.8%
Operating Income-$149.1M-6133.7%-$126.2M-12008.4%-$183.3M-17824.3%-$10.4M-891.2%-$2.4M-130.6%-$1.0M-339.4%-$1.0M-238.5%-$1.0M-105.2%
EBITDA-$146.6M-6168.0%-$125.1M-12112.4%-$183.2M-19105.6%-$10.4M-935.7%-$2.3M-137.5%-$1.0M-447.7%-$954K-316.5%-$1.0M-102.2%
Interest Expense$4.0M+109387.5%$4.2M+70233.3%N/AN/A$4K-98.8%$6K-89.5%$8K$10K-23.0%
Income Tax-$21.4MN/AN/AN/AN/AN/AN/AN/A
Net Income-$133.0M-5409.4%-$238.8M-22903.5%$37.3M+3820.2%-$86.0M-8383.6%-$2.4M-82.9%-$1.0M-267.7%-$1.0M-208.2%-$1.0M-96.9%
EPS (Basic)-$6.65+53.2%-$0.38-123.5%$0.98+676.5%-$0.42-147.1%-$14.20-5361.5%-$0.17-183.3%-$0.17-142.9%-$0.17-54.5%
EPS (Diluted)-$6.65-$0.38$0.98-$0.42-$14.20-$0.17-183.3%-$0.17-142.9%-$0.17-54.5%
Diluted Shares (Avg)20,000636,472N/A203M1706,025-99.9%N/A6M+31.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.

NAKAW 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.

NAKAW quarterly balance sheet
MetricQ2'2610-KQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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$0$0$0$0$0$0$0$0
InventoryN/AN/AN/AN/A$1K-71.8%$2K-97.1%$4K-93.2%$3K
Accounts ReceivableN/AN/AN/AN/A$7K+44.2%$14K+80.2%$37K+31.6%$45K
Long-Term Investments$17.5M$16.9M$35.7M$46.0M$0$0$0$0
Goodwill$16.4M$93.5MN/AN/AN/AN/AN/AN/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 DebtN/AN/AN/AN/AN/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%$1.5M+499.1%$2.6M+2468.7%$3.5M+1911.3%
Retained Earnings-$431.8M-3745.7%-$298.8M-3290.0%-$60.0M-671.7%-$97.3M-1335.8%-$11.2M-94.9%-$8.8M-98.5%-$7.8M-87.0%-$6.8M

NAKAW 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.

NAKAW quarterly cash flow statement
MetricQ2'2610-KQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$3.3M-70.2%-$23.3M-2591.9%-$7.6M-739.4%-$13.2M-1159.6%-$1.9M-109.2%-$865K-305.3%-$902K-332.0%-$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 CompensationN/A$1.6M+17755.6%N/AN/AN/A$9K+18.2%N/A$73K
Capital ExpendituresN/AN/AN/AN/AN/AN/A$2$2K
Free Cash FlowN/AN/AN/AN/AN/AN/A-$902K-332.0%-$1.0M-3166.6%
Investing Cash Flow-$2.3M+3.9%$36.6M+21234.7%$6.3M+1716.3%-$683.8M-32421901.9%-$2.3M-$173K-1447.1%-$388K-$2K
Financing Cash Flow-$9.2M-200.7%-$561K-490.5%-$311K-291.2%$715.1M+1442781.7%$9.1M+70.4%-$95K-603.9%-$79K-113.6%-$50K-867.1%
Share Buybacks$0-100.0%$561K+5510.0%N/AN/A-$443$10KN/AN/A

Not reported in any period shown, so not listed: Dividends Paid.

NAKAW 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.

NAKAW quarterly financial ratios
MetricQ2'2610-KQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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%+2.8pp7.2%+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%+2.0pp5.1%+32.3pp-12.4%+11.0pp-24.4%-0.2pp-40.5%-5.2pp-27.2%+2.3pp-23.4%
Current Ratio0.15-12.8x0.25-2.0x1.04-3.1x0.13-5.3x12.99+7.6x2.30+1.9x4.13+3.4x5.43
Debt-to-Equity0.79+0.7x0.69+0.6x0.42+0.4x0.45+0.4x0.100.0x0.040.060.06
Asset Turnover0.080.0x0.00-0.2x0.00-0.2x0.00-0.1x0.04-0.1x0.23-0.8x0.16-0.5x0.15
FCF MarginN/AN/AN/AN/AN/AN/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.

Frequently Asked Questions

What is NAKAMOTO INC WTS 5/31/29's annual revenue?

NAKAMOTO INC WTS 5/31/29 (NAKAW) 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.

How fast is NAKAMOTO INC WTS 5/31/29's revenue growing?

NAKAMOTO INC WTS 5/31/29 (NAKAW) revenue declined by 33.0% year-over-year, from $2.7M to $1.8M in fiscal year 2025.

Is NAKAMOTO INC WTS 5/31/29 profitable?

No, NAKAMOTO INC WTS 5/31/29 (NAKAW) reported a net income of -$52.2M in fiscal year 2025.

NAKAMOTO INC WTS 5/31/29 (NAKAW) reported diluted earnings per share of -$0.26 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

NAKAMOTO INC WTS 5/31/29 (NAKAW) had EBITDA of -$196.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

NAKAMOTO INC WTS 5/31/29 (NAKAW) has a return on equity of -10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

NAKAMOTO INC WTS 5/31/29 (NAKAW) recorded an outflow of $23.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

NAKAMOTO INC WTS 5/31/29 (NAKAW) had $730.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, NAKAMOTO INC WTS 5/31/29 (NAKAW) spent $320K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

NAKAMOTO INC WTS 5/31/29 (NAKAW) had 690M shares outstanding as of fiscal year 2025.

NAKAMOTO INC WTS 5/31/29 (NAKAW) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

NAKAMOTO INC WTS 5/31/29 (NAKAW) had a debt-to-equity ratio of 0.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

NAKAMOTO INC WTS 5/31/29 (NAKAW) 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 WTS 5/31/29 (NAKAW) 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 WTS 5/31/29 (NAKAW) 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 WTS 5/31/29 (NAKAW) 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 WTS 5/31/29 (NAKAW) scores 17 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite 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. 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.

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