Every 10-Q that Nakamoto Inc. (NAKA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NAKA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NAKA filings page.
Nakamoto Inc., a Bitcoin-focused media, asset management and treasury company, reports its first full quarter after transforming from a healthcare business and acquiring BTC Inc and UTXO. For the quarter ended June 30, 2026, total operating revenue was $35.9 million, including $24.1 million from media, $0.9 million from advisory, $0.5 million from asset management, and $10.4 million of Bitcoin derivative revenue.
Operating loss was $149.1 million, driven by a $105.2 million goodwill impairment and a $48.7 million loss on change in fair value of digital assets. Net loss from continuing operations for the first six months was $390.3 million, and total net loss including discontinued healthcare operations was $371.8 million. Digital assets were carried at $261.7 million (4,467 Bitcoin plus stablecoins) versus debt of $164.7 million in USDT loans from Kraken, secured by 3,805 pledged Bitcoin.
Total assets fell to $422.5 million from $730.6 million at year-end 2025, as the fair value of Bitcoin and a previously held BTC Inc call option declined and healthcare operations were wound down. The company now reports three segments—Media & Information Services, Asset Management, and Bitcoin Operations—while legacy healthcare activities are presented as discontinued operations.
Nakamoto Inc. reported a sharp expansion in losses as it completed its transformation into a Bitcoin-focused operating company. For the three months ended March 31, 2026, revenue was just $2.7 million, while net loss reached $238.8 million, driven mainly by Bitcoin-related marks and option revaluation.
The company recorded a $102.5 million loss on the change in fair value of its digital assets as Bitcoin fell from $87,519 to $68,220, plus a $107.7 million loss on a call option tied to the BTC Inc acquisition. It closed all-stock deals for BTC Inc and UTXO, adding media, events and asset-management platforms and recognizing $93.5 million of goodwill. Nakamoto held 5,064 Bitcoin with fair value of $345.6 million at March 31, 2026, of which 4,405 coins secured a 210.0 million USDT loan maturing December 2026, alongside cash of $35.3 million. The legacy healthcare unit generated modest revenue and is being exited, while a reverse stock split in the 1‑for‑20 to 1‑for‑50 range was authorized.
KindlyMD, Inc. (NAKA) reported a sharp expansion in scale and losses for the quarter ended September 30, 2025, driven by its new Bitcoin treasury strategy and the Nakamoto merger. Net loss for the nine months reached $89,487,606, compared with $2,616,126 a year earlier, as the company recorded a $59,753,811 loss on the Nakamoto acquisition, a $14,454,485 loss on debt extinguishment, and $22,105,029 of unrealized losses on digital assets.
Revenue from healthcare operations declined to $388,209 for the quarter from $647,867, while operating expenses rose to $10,793,731, reflecting higher salaries, professional fees, insurance, and marketing. The company ended the period with digital assets of 5,398 Bitcoin at a fair value of $615,798,837 and investments of $45,956,627, funded largely by $518,080,468 of PIPE financings and a $203,017,500 credit facility. Common shares outstanding surged to 427,152,834 at quarter-end and 439,850,889 by mid-November.