Here are the 10-Q quarterly reports from Strive, Inc. Variable Rate Series A Perpetual Preferred Stock (SATA) 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 SATA 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 SATA filings page.
Strive, Inc. (ASST) reported net income of $509.032 million on revenue of $2.696 million for the three months ended September 30, 2026. Results included a $533.697 million unrealized gain on digital assets; operating expenses were $38.699 million. For the nine months ended September 30, 2026, Strive reported a net loss of $14.477 million and recorded a $14.650 million impairment after terminating development of an acquired medical-device product.
At September 30, 2026, it held 28,000 bitcoin valued at $2,340.192 million and $285.405 million in cash. During the quarter, it acquired 8,136 bitcoin at an average cost of $78,885 each and issued Class A shares and SATA preferred stock for gross proceeds of $271.6 million and $511.2 million, respectively.
From October 1 through October 30, Strive purchased 15,124 bitcoin at approximately $83,310 each, bringing its treasury to 43,124 bitcoin as of October 30. It completed a 7,000,000-share SATS preferred offering on October 20, raising approximately $609.0 million net for general corporate purposes, including bitcoin acquisitions and working capital.
Strive, Inc. reported sharply wider losses driven by its bitcoin-focused treasury strategy and rapid balance sheet expansion. For the six months ended June 30, 2026, the company recorded a net loss of $523.5 million, mainly from a $523.8 million net unrealized loss on digital assets, plus additional losses on preferred equity investments and debt extinguishment. After $39.7 million of preferred dividends, the net loss attributable to common stockholders was $563.2 million, or $8.22 per share.
Total assets rose to $1.38 billion from $745.5 million at year-end 2025, largely due to growth in digital assets, which reached $1.16 billion (about 19,864 bitcoin) and the Semler Scientific acquisition, which generated a $66.7 million bargain purchase gain. Strive also built a $702.4 million mezzanine preferred equity layer via its SATA Stock and raised substantial cash through at-the-market offerings: $306.2 million of Class A common equity and $356.7 million of SATA Stock in the first half.
Despite negative operating cash flow of $39.4 million, Strive ended the period with $145.5 million in cash and cash equivalents and no remaining convertible notes or Coinbase loan. Revenue grew to $5.7 million, including new medical device revenues following the Semler Scientific merger, though operating expenses increased significantly as the company scaled its asset management, medical device, and corporate bitcoin operations.
Strive, Inc. reported a sharp widening of losses as its bitcoin-focused strategy drove large mark-to-market volatility in the quarter ended March 31, 2026. Total revenue rose to $2.8 million from $1.4 million, helped by $1.4 million of medical device revenue added through the Semler Scientific acquisition, while investment advisory fees were roughly flat.
The company recorded a net unrealized loss on digital assets of $295.8 million as bitcoin prices fell, contributing to a net loss of $265.9 million and a net loss attributable to common stockholders of $279.4 million, or $4.53 per share. Operating expenses climbed to $20.6 million, driven by higher compensation and general and administrative costs, including $6.5 million of share-based compensation.
Strive ended the quarter with $929.4 million of digital assets, representing about 13,628 bitcoin, plus $95.1 million in cash and $50.5 million of preferred equity investments. It is funding its bitcoin treasury and acquisitions through at-the-market issuances of Class A common stock and its high-yield Variable Rate Series A Perpetual Preferred Stock, which paid a 12.75% annualized dividend rate and had 4.4 million shares outstanding at quarter-end. After repurchasing remaining convertible notes after the quarter, Strive reports no debt outstanding.