Strive posts $509M GAAP net income for Q3 2026
Quarterly profit included a $533.7 million unrealized digital-asset gain, while the nine-month period ended with a $14.5 million net loss.
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Form Type
8-K
Rhea-AI Filing Summary
Strive, Inc. reported $509.0 million of GAAP net income for the quarter ended September 30, 2026, including a $533.7 million net unrealized gain on digital assets. Diluted net income per common share was $5.24; non-GAAP adjusted net income attributable to common stockholders was $494.6 million, or $5.46 per diluted share. For the nine months ended September 30, 2026, Strive reported a $14.5 million GAAP net loss.
Strive acquired 8,136 bitcoin in the quarter and 20,373 in the first nine months, then acquired 15,124 bitcoin from October 1 through October 30. It completed an October 20 registered public offering of 7,000,000 SATS preferred shares, with approximately $609.0 million in net proceeds. Cash and cash equivalents were $490.4 million as of October 30. Strive defines Bitcoin Yield as a change in bitcoin per share and says it is not a financial performance or return measure.
Filing Explained
Preferred claims rank ahead of common holders, and Strive’s Bitcoin Yield metric omits those claims rather than measuring common-stock returns.
The October 20 SATS offering is complete, and the release says preferred holders’ rights to dividends and liquidation assets rank ahead of common stock, placing common holders behind those preferred claims. Preferred dividends were
The CEO called year-to-date Bitcoin Yield the primary driver of common-equity outperformance versus bitcoin, while the release says the metric is not a shareholder-return measure and excludes preferred holders’ senior dividend and liquidation claims. The release also says preferred-funded bitcoin purchases can increase the metric without reflecting the added senior claims.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
GAAP net income: $509.0 million
Diluted net income per common share: $5.24
Non-GAAP adjusted net income attributable to common stockholders: $494.6 million
+5 more
8 metrics
GAAP net income
$509.0 million
Three months ended September 30, 2026
Diluted net income per common share
$5.24
Three months ended September 30, 2026
Non-GAAP adjusted net income attributable to common stockholders
$494.6 million
Three months ended September 30, 2026
Non-GAAP adjusted net income per diluted common share
$5.46
Three months ended September 30, 2026
Net unrealized gain on digital assets
$533.7 million
Three months ended September 30, 2026
Bitcoin acquired
8,136 bitcoin
Three months ended September 30, 2026
SATS preferred shares offered
7,000,000 shares
Registered public offering completed October 20, 2026
Net proceeds from SATS offering
Approximately $609.0 million
Registered public offering completed October 20, 2026
Key Terms
Bitcoin Yield, Bitcoin Gain per ADSO, Bitcoin $ Gain per ADSO, ASU 2023-08
4 terms
Bitcoin Yield financial
"Bitcoin Yield is a metric"
Bitcoin yield is the income or return an investor earns from holding or using bitcoin, typically generated by lending it out, depositing it in interest-bearing accounts, or participating in decentralized finance activities that pay rewards. Think of it like renting out a house: you still own the asset, but you receive extra cash in exchange for allowing others to use it, and that extra cash matters to investors because it can boost overall returns, offset price swings, and change the risk profile of owning bitcoin.
Bitcoin Gain per ADSO financial
"Bitcoin Gain per ADSO is a metric"
Bitcoin $ Gain per ADSO financial
"Bitcoin $ Gain per ADSO is a metric"
ASU 2023-08 technical
"the Company has adopted Accounting Standards Update No. 2023-08"
An ASU (Accounting Standards Update) is a numbered change issued by the Financial Accounting Standards Board that updates U.S. GAAP rulebooks; “ASU 2023-08” refers to the specific update published in 2023. Investors care because these updates change how companies record or present financial transactions—like a sports rule change that alters how scores are kept—so they can affect reported profits, balance sheet items and ratios used to value and compare companies.
Earnings Snapshot
GAAP net income: $509.0 million
Third quarter ended September 30, 2026
GAAP net income
$509.0 million
Diluted net income per common share
$5.24
Non-GAAP adjusted net income attributable to common stockholders
$494.6 million
Non-GAAP adjusted net income per diluted common share
$5.46
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much GAAP net income did ASST report for Q3 2026?
Strive reported $509.0 million in GAAP net income for the quarter ended September 30, 2026. Diluted net income per common share was $5.24, and the quarter included a $533.7 million net unrealized gain on digital assets.
How many bitcoin did ASST acquire in Q3 2026?
Strive acquired 8,136 bitcoin during the quarter ended September 30, 2026, and 20,373 bitcoin during the nine months ended September 30, 2026. It acquired an additional 15,124 bitcoin from October 1 through October 30, 2026.
How much did ASST raise in its SATS preferred stock offering?
Strive completed an October 20, 2026 registered public offering of 7,000,000 SATS preferred shares, with approximately $609.0 million in net proceeds after underwriting discounts and commissions.
What was ASST's Bitcoin Yield for Q3 2026?
Strive reported an 18.5% Bitcoin Yield for Q3 2026. It defines Bitcoin Yield as the percentage change in bitcoin per share from the beginning to the end of a period, and says the metric is not a traditional investment yield or a measure of return.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________________
FORM 8-K
_________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2026
_________________________________________________________
(Exact name of Registrant as Specified in Its Charter)
_________________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
200 Crescent Ct, Suite 1400, Dallas, Texas 75201 | ||||||||
| (Address of principal executive offices and zip code) | ||||||||
Registrant’s Telephone Number, Including Area Code: (855 ) 427-7360
(Former Name or Former Address, if Changed Since Last Report)
_________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition.
On November 6, 2026, Strive, Inc. (the “Company” or "Strive") issued a press release announcing the Company’s financial results for the quarter ended September 30, 2026. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information disclosed pursuant to Item 2.02 in this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements herein and in the press release attached hereto may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, express or implied statements regarding the outlook and expectations of Strive and its subsidiaries, the strategic benefits and financial benefits of the merger transaction with Semler Scientific, Inc. (the "merger transaction"), including the expected impact of the merger transaction on Strive's future financial performance and the ability to successfully integrate the combined businesses, and Strive’s intentions with respect to adjusting the SATA Stock monthly regular dividend rate per annum. Such statements are often characterized by the use of qualified words (and their derivatives) such as “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “predict,” “potential,” “assume,” “forecast,” “target,” “budget,” “outlook,” “trend,” “guidance,” “objective,” “goal,” “strategy,” “opportunity,” and “intend,” as well as words of similar meaning or other statements concerning opinions or judgments of Strive and its management team about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements as a result of various important factors. Other risks, uncertainties and assumptions, including, among others, the following:
•the outcome of any legal proceedings that may be instituted against Strive or its subsidiaries;
•the possibility that the anticipated benefits of the merger transaction are not realized when expected or at all, including as a result of changes in, or problems arising from, implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets, general economic and market conditions, interest and exchange rates, monetary policy, and laws and regulations and their enforcement;
•the diversion of management’s attention from ongoing business operations and opportunities;
•dilution caused by Strive’s issuance of additional shares of its Class A common stock, SATA Stock, or SATS Stock;
•potential adverse reactions of Strive’s clients and customers or changes to business or employee relationships, including those resulting from the completion of the merger transaction;
•other factors that may affect future results of Strive or the future trading performance of its Class A common stock, SATA Stock, or SATS Stock.
These factors are not necessarily all of the factors that could cause Strive’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm Strive’s results.
Although Strive believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that the actual results of Strive will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in Strive’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2025, and other documents subsequently filed by Strive with the SEC.
The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive or its businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements contained herein and in the press release attached hereto speak only as of the date hereof, and Strive undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press release, dated November 6, 2026, regarding the Company’s financial results for the quarter ended September 30, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Strive, Inc. | |||||||||||
| Date: | November 6, 2026 | By: | /s/ Matthew Cole | ||||||||
| Matthew Cole | |||||||||||
| Chief Executive Officer | |||||||||||
