Strive, Inc. ASST
Strive is a structured finance company and institutional asset manager focused on disciplined capital allocation and long term value creation. We have strategically adopted bitcoin as our hurdle rate for capital deployment because of our fiduciary duty to maximize long-term value for stockholders, and compounding purchasing power over time. Relative to a traditional depreciating fiat-denominated benchmark, implementing a bitcoin hurdle rate establishes a higher level of accountability and strategic investment discipline, since our decisions are measured against an asset we believe will appreciate over time.
Strive's operating business generates stockholder value through disciplined balance sheet management and the growth of our bitcoin holdings. Our SATA Stock exemplifies this approach, a publicly traded security that aims to provide investors with consistent cash flows and minimal volatility, while enabling Strive to capture the spread between SATA Stock's financing cost and the potential long term return of bitcoin.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | — | $3.6M | $277.0K | $343.1K | $829.6K | — |
| R&D | — | $423.3K | $18.9K | — | — | — |
| SG&A | — | $11.2M | $2.2M | $463.0K | $119.4K | — |
| Total operating expenses | — | $26.3M | $5.2M | $988.4K | $814.7K | — |
| Operating income | — | -$22.7M | -$4.9M | -$645.3K | $14.9K | — |
| Pre-tax income | — | -$21.6M | -$4.9M | — | — | — |
| Income tax | — | $0 | — | — | — | — |
| Net income | — | -$21.6M | -$4.9M | -$645.3K | $14.9K | — |
| EPS, basic | — | -9.75 | -1.85 | -0.06 | 0.00 | — |
| EPS, diluted | — | -9.75 | -1.85 | -0.06 | 0.00 | — |
| Shares, diluted (wtd. avg.) | — | 2.2M | 2.7M | 10.2M | 9.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $67.5M | $6.2M | $2.1M | $137.2K | $33.7K | $10.4K |
| Total current assets | $71.8M | $23.8M | $3.0M | $373.0K | $58.7K | — |
| Property, plant and equipment | $778.0K | $951.0K | $12.8K | — | — | — |
| Goodwill | $0 | $0 | — | — | — | — |
| Other intangibles | $355.0K | $187.0K | $100.0K | — | — | — |
| Total assets | $745.5M | $28.2M | $3.1M | $373.0K | $58.7K | — |
| Accounts payable | — | $430.5K | $150.1K | $214.6K | $9.1K | — |
| Total current liabilities | $10.8M | $3.3M | $153.5K | $219.2K | $15.6K | — |
| Total liabilities | $14.3M | $4.9M | $153.5K | $219.2K | $15.6K | — |
| Retained earnings | -$474.1M | -$49.1M | -$5.6M | -$627.1K | $18.1K | — |
| Total equity | -$4.1M | $23.3M | $16.1M | $153.8K | $43.1K | $3.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | — | -$21.6M | -$3.8M | -$602.8K | $23.4K | — |
| Depreciation and amortisation | — | $192.0K | — | — | — | — |
| Stock-based compensation | — | $0 | $1.3M | — | — | — |
| Capital expenditure | — | $24.0K | $13.6K | — | — | — |
| Investing cash flow | — | -$3.2M | -$113.6K | — | — | — |
| Financing cash flow | — | $28.9M | $6.7M | $706.3K | — | — |
| Buybacks | — | — | $176.9K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-019879.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $829.6K | $343.1K | $277.0K | $3.6M | — |
| Gross profit | — | — | — | — | — | — |
| Net income | — | $14.9K | -$645.3K | -$4.9M | -$21.6M | — |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6199
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO | $211.52B | 20.4x | 6.4% |
| MSTR | Strategy Inc | $51.47B | — | 3.0% |
| COIN | Coinbase Global, Inc. | $43.32B | 37.0x | 9.4% |
| SYF | Synchrony Financial | $23.96B | 7.9x | — |
| CRCL | Circle Internet Group, Inc. | $21.32B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $18.88B | 37.5x | 23.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $13.51B | 1.7x | 84.1% |
| CHYM | Chime Financial, Inc. | $11.23B | — | 30.7% |