| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -265,906,000 | -201,311,000 | -187,998,171 | -4,288,829 |
| Depreciation and amortization | 90,000 | 59,000 | 12,000 | NaN |
| Accretion of discount on investments, net | 0 | 0 | 0 | NaN |
| Reduction in carrying amount of right-of-use assets | 14,000 | 17,000 | 5,000 | NaN |
| Gain on lease remeasurement | NaN | 0 | NaN | NaN |
| Net unrealized loss on digital assets, at fair value | -295,778,000 | -184,375,000 | -10,133,000 | NaN |
| Loss on change in fair value of bitcoin held as collateral under coinbase loan | -2,594,000 | NaN | NaN | NaN |
| Net unrealized gain on investments in preferred equity, at fair value | 490,000 | NaN | NaN | NaN |
| Change in fair value on long-term notes payable, at fair value | -2,165,000 | NaN | NaN | NaN |
| Other derivative loss | NaN | 0 | -14,731,000 | NaN |
| Loss on extinguishment of debt | -8,461,000 | NaN | NaN | NaN |
| Share-based compensation expense | 6,529,000 | 5,416,000 | 15,226,618 | 1,067,382 |
| Goodwill and intangible asset impairment | NaN | 0 | 140,785,000 | NaN |
| Non-cash transaction expenses | NaN | 0 | 2,936,000 | NaN |
| Bargain purchase gain | 66,704,000 | NaN | NaN | NaN |
| Prepaid expenses | -717,000 | -825,000 | 2,739,486 | 188,514 |
| Other current assets | -613,000 | 941,000 | -1,461,000 | NaN |
| Contract liabilities | NaN | NaN | NaN | 78 |
| Other non-current assets | 0 | -47,000 | 0 | NaN |
| Accounts payable and accrued liabilities | NaN | NaN | NaN | 147,474 |
| Compensation and benefits payable | 1,145,000 | -193,000 | 263,000 | NaN |
| Depreciation and amortization | NaN | NaN | NaN | 1,356 |
| Accounts payable and other liabilities | -15,995,000 | 685,000 | -5,360,000 | NaN |
| Net cash used in operating activities | -30,989,000 | -11,021,000 | -10,693,947 | -3,261,053 |
| Purchases of digital assets, at fair value | 77,282,000 | 179,948,000 | 675,008,000 | NaN |
| Purchases of intangible assets | NaN | 5,000 | 75,000 | 0 |
| Purchases of property and equipment | 0 | 12,000 | 0 | 0 |
| Cash acquired through business combination | 3,513,000 | 0 | 400,000 | NaN |
| Purchases of investments in preferred equity, at fair value | 50,499,000 | NaN | NaN | NaN |
| Proceeds from return of capital dividends | -479,000 | NaN | NaN | NaN |
| Purchases of short-term investments | 0 | 0 | 0 | NaN |
| Proceeds from short-term investments | 0 | 0 | 0 | NaN |
| Net cash provided by (used in) investing activities | -123,789,000 | -179,965,000 | -674,683,000 | 0 |
| Proceeds from issuance of class a common stock | 94,953,000 | 19,533,000 | 522,491,130 | 3,118,870 |
| Proceeds from issuance of pre-funded warrants | NaN | 0 | 283,170,000 | NaN |
| Proceeds from issuance of preferred stock | 129,797,000 | 161,212,000 | 0 | 0 |
| Proceeds from warrant exercises | NaN | 18,550,000 | 13,000,000 | NaN |
| Preferred stock dividends paid | 10,861,000 | 2,267,000 | NaN | NaN |
| Payment of issuance costs | 10,820,000 | 13,990,000 | 27,996,000 | NaN |
| Payment of withholding tax on vesting of restricted stock | 388,000 | 33,622,000 | NaN | NaN |
| Class b common stock subscription proceeds received, net | NaN | NaN | NaN | 0 |
| Redemption of preferred stock | NaN | 0 | 0 | NaN |
| Extinguishment of coinbase loan | 20,310,000 | NaN | NaN | NaN |
| Net cash provided by financing activities | 182,371,000 | 149,416,000 | 790,665,130 | 3,118,870 |
| Net increase in cash and cash equivalents | 27,593,000 | -41,570,000 | 105,146,000 | NaN |
| Cash and cash equivalents, beginning of period | 67,499,000 | 109,069,000 | 3,923,000 | NaN |
| Net change in cash and cash equivalents | NaN | NaN | NaN | -142,183 |
| Cash and cash equivalents, end of period | 95,092,000 | 67,499,000 | 109,069,000 | NaN |
Strive, Inc. (ASST)
Strive, Inc. (ASST)