Here are the 10-Q quarterly reports from Nakamoto Inc WTS 5/31/29 (NAKAW) in our archive since June 2025, 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 NAKAW 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 NAKAW 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.