Nakamoto Inc. NAKA

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

Inc., a Delaware corporation, is a Bitcoin company building a global portfolio of Bitcoin-native companies. We hold Bitcoin on our balance

sheet and, through our ecosystem-wide presence, seek to provide investors with exposure to Bitcoin's global growth and to leverage

our treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more.

14, 2025, we acquired a privately held Bitcoin treasury company through a reverse merger and began our transformation into a Bitcoin

Last close 7.36 2026-10-23
Market cap $131.7M 2026-06-30 share count
52-week range 3.33 - 42.00

Valuation FY2025 figures against the last close

P/S72.3x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.26

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $1.8M$2.7M$3.8M—
R&D —$377.7K$2.5K—
SG&A $11.8M$1.9M$1.4M—
Total operating expenses $199.0M$6.1M$5.4M—
Operating income -$197.1M-$3.3M-$1.6M—
Interest expense $7.1M$393.4K$55.8K—
Pre-tax income -$52.2M-$3.6M-$1.6M—
Net income -$52.2M-$3.6M-$1.6M—
EPS, basic -0.26-0.67-0.36—
EPS, diluted -0.26-0.67-0.36—
Shares, diluted (wtd. avg.) 200.2M5.4M4.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $22.6M$2.3M$525.5K$186.9K
Receivables —$36.9K$28.0K—
Inventory —$4.3K$63.2K—
Total current assets $223.8M$2.5M$616.9K—
Property, plant and equipment —$123.0K$235.3K—
Other intangibles $3.0M———
Total assets $730.6M$3.7M$1.1M—
Accounts payable $5.9M$323.7K$329.8K—
Total current liabilities $216.0M$606.0K$814.4K—
Long-term debt —$148.8K——
Total liabilities $216.4M$1.1M$1.2M—
Retained earnings -$60.0M-$7.8M-$4.2M—
Total equity $514.3M$2.6M-$108.4K$381.0K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow -$23.5M-$3.1M-$449.5K—
Depreciation and amortisation $82.9K$136.6K$105.6K—
Stock-based compensation $2.4M$240.9K$7.0K—
Capital expenditure —$13.3K$14.4K—
Investing cash flow -$680.0M-$401.6K-$14.4K—
Financing cash flow $723.8M$5.2M$802.5K—
Buybacks $320.4K$22.1K——

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 0001493152-26-013601.

Plot the figures US dollars

  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -60M -40M -20M 0 20M Revenue, FY2023: 3.8M Net income, FY2023: -1.6M Revenue, FY2024: 2.7M Net income, FY2024: -3.6M Revenue, FY2025: 1.8M Net income, FY2025: -52.2M FY2022 FY2023 FY2024 FY2025
Fiscal year FY2022FY2023FY2024FY2025
Revenue — $3.8M $2.7M $1.8M
Gross profit — — — —
Net income — -$1.6M -$3.6M -$52.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • 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
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

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.

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