Strive, Inc. (ASST) financials

NASDAQ · Financial Services · Asset Management · 28 employees · CEO Matthew Ryan Cole

Price: $21.45 +4.18%
Market cap: $2.34B
Enterprise value: $2.06B
Last report: Q3 '26 filed 2026-11-06

Revenue (TTM)$9.91M+79.8% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)4,408.2%+5,057.3 pp vs a year agoOperating income $437M

Net income (TTM)-$469M-109.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-$64.4M-436.1% vs a year agoCapex $12K

Diluted EPS (TTM)-$7.66+97.7% vs a year agoSum of the last 4 quarters

Net cash$332M+226.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $2.34B
Revenue: $9.91M
Revenue growth: +105%
Profit margin: -4,728.2%
P/E: -2.8×
P/S: 235.9×
EV / EBITDA: 4.7×
Free cash flow: -$64.4M
Net income: -$469M
Revenue estimate: $11.8M
Earnings: –
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-11-06): revenue missed by 10.1%, EPS beat by 73.6%Revenue $2.7M vs $3M expected (-10.1%); EPS $5.33 vs $3.07 (+73.6%).
Revenue growth accelerating: 74.7% year on yearQ3 '26 revenue $2.7M, against an average of 72.9% over the four quarters before.
Operating margin 4,408.2% (TTM), +5,057.3 pp on a year agoOperating income grew 1,321.0% while revenue grew 79.8%.
Capex 0.1% of revenue (a year ago 0.1%)$12K invested in the last 4 quarters (+335.3% on a year earlier). Free cash flow -$64.4M.
Diluted share count up 5,330.6% in a year90.5M diluted shares in Q3 '26, 1.67M a year earlier.
Net cash $332MCash + short-term investments $336M, debt incl. leases $3.22M; a year ago net cash $102M.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$2.7M	$1.54M	+74.7%
Gross margin	-479.9%	96.4%	-576.3 pp
Operating income	$508M	-$23.3M	+2,278.7%
Operating margin	18,843.6%	-1,511.2%	+20,354.8 pp
Net income	$475M	-$207M	+329.8%
Diluted EPS	$5.24	-$124.00	+104.2%
Operating cash flow	$0	-$28.9M	+100.0%
Capex	$0	$3	-100.0%
Free cash flow	$0	-$28.9M	+100.0%
R&D	$14.7M	$0	–
Stock-based compensation	$6.52M	$0	–

Reported vs consensus

2026-11-06

	Actual	Consensus	vs consensus
Revenue	$2.7M	$3M	-10.1%
EPS (as estimated)	$5.33	$3.07	+73.6%

From the report of 2026-11-06 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q2 '26	y/y	Share	TTM	TTM y/y	12 quarters
Investment Advice	$1.51M	–	97.4%	–	–
Product and Service, Other	$41K	–	2.6%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q3 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Asset Management Segment	$1.56M	–	-$1.99M	–	-127.7%	–	–
Medical Device Segment	$1.13M	–	-$19.8M	–	-1,751.2%	–	–
Corporate And Other	–	–	–	–	–	–	–
Bitcoin Operations Segment	$4K	–	$530M	–	13,246,400.0%	–	–

Operating income by segment

quarterly

Segment operating margin

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: -$64.4M
Capex: -$12K
Buybacks: $500K
Dividends: $0
Acquisitions: $0
Net debt issued: -$20.3M
Stock-based compensation: $18.7M
Free cash flow: -$64.4M
Returned to shareholders / FCF: 0.8%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	-2.8×	147.9× 1 of 5 years	147.9× – 147.9×
EV / EBITDA	4.7×	43.4× 4 of 5 years	0.4× – 172.1×
EV / Sales	207.4×	5.5× 2 of 5 years	3.1× – 8.0×
Price / FCF	-36.3×	–	–
Price / Book	0.7×	4.8×	0.0× – 15.8×
FCF yield	-2.8%	-1,240.7%	-5,268.6% – 0.0%
Return on invested capital	16.5%	-163.8%	-419.6% – 5.3%
Return on equity	-32.3%	-174.0%	-419.6% – 5.5%

Analysts

Consensus target $34.25 (+59.7%)
range $30.00 – $38.00 · rating Buy

Strong buy0

Buy5

Hold0

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$11.8M	+105.2%	-$0.61	+93.8%	-35.5×	2
FY2027	$11.2M	-4.9%	$1.35	+323.7%	15.8×	2
FY2028	$11.8M	+5.1%	-$0.53	-139.2%	-40.5×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 164 figures Strive, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	$0	–	–	–	–	–
	$0	–	–	–	–	–
Accounts Payable and Other Accrued Liabilities, Current	$7.36M	$9.19M	-19.9%	$8.56M	$2.23M	+284.4%
Accretion (Amortization) of Discounts and Premiums, Investments	$0	–	–	$14K2024-12-31	–	–
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$400K2025-12-31	$200K	+100.0%	$400K	$200K	+100.0%
Additional Paid in Capital	$2B	$1.05B	+90.8%	$1.06B	$0	–
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$2.81M	–	–	–	–	–
Adjustments to Additional Paid in Capital, Warrant Issued	$02025-12-31	–	–	–	–	–
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	27M	–	–	1.1M2024-12-31	–	–
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$6.52M	–	–	–	–	–
Assets	$2.68B	$793M	+238.7%	$746M	$28.2M	+2,544.0%
Assets, Current	$339M	$114M	+196.6%	$71.8M	$23.8M	+202.1%
Business Combination, Acquisition Related Costs	$0	–	–	$02024-12-31	–	–
Business Combination, Bargain Purchase, Gain Recognized, Amount	$0	–	–	–	–	–
Cash Acquired from Acquisition	$0	–	–	$02024-12-31	–	–
Cash and Cash Equivalents, at Carrying Value	$285M	$109M	+161.7%	$67.5M	$6.16M	+996.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$285M	$109M	+161.7%	$67.5M	$6.16M	+996.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$140M	–	–	$4.07M2024-12-31	–	–
CryptoAssetFairValueNoncurrent	$2.34B	$673M	+247.8%	$668M	$0	–
CryptoAssetUnrealizedGainLossOperating	$534M	–	–	$02024-12-31	–	–
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction	$1.65M	–	–	$02024-12-31	–	–
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLossCurrent	$02025-12-31	$16.8M	-100.0%	$0	$16.8M	-100.0%
Deferred Tax Assets, Charitable Contribution Carryforwards	$46K2025-12-31	$35K	+31.4%	$46K	$35K	+31.4%
Deferred Tax Assets, Gross	$75.8M2025-12-31	$12.3M	+514.8%	$75.8M	$12.3M	+514.8%
Deferred Tax Assets, Net	$0	$0	–	$0	$0	–
Deferred Tax Assets, Net of Valuation Allowance	$1.13M2025-12-31	$510K	+121.4%	$1.13M	$510K	+121.4%
Deferred Tax Assets, Operating Loss Carryforwards	$26.7M2025-12-31	$11.7M	+128.2%	$26.7M	$11.7M	+128.2%
Deferred Tax Assets, Other	$02025-12-31	$98K	-100.0%	$0	$98K	-100.0%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$1.43M2025-12-31	$0	–	$1.43M	$0	–
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other	$02025-12-31	$72K	-100.0%	$0	$72K	-100.0%
Deferred Tax Assets, Valuation Allowance	$74.7M2025-12-31	$11.8M	+531.7%	$74.7M	$11.8M	+531.7%
Deferred Tax Liabilities, Gross	$1.13M2025-12-31	$510K	+121.4%	$1.13M	$510K	+121.4%
Deferred Tax Liabilities, Intangible Assets	$02025-12-31	$9K	-100.0%	$0	$9K	-100.0%
Deferred Tax Liabilities, Leasing Arrangements	$992K2025-12-31	$375K	+164.5%	$992K	$375K	+164.5%
Deferred Tax Liabilities, Property, Plant and Equipment	$137K2025-12-31	$126K	+8.7%	$137K	$126K	+8.7%
Depreciation, Depletion and Amortization	$78K	–	–	$192K2024-12-31	–	–
Depreciation, Depletion and Amortization, Nonproduction	$78K	–	–	$192K2024-12-31	$734	+26,058.0%
Derivative, Gain (Loss) on Derivative, Net	$0	–	–	$02024-12-31	–	–
Dividends Payable, Current	$14M	–	–	$2.05M	$0	–
Dividends, Preferred Stock	$34.2M	–	–	–	–	–
Earnings Per Share, Basic	$5.33	–	–	-$9.752024-12-31	-$1.85	-427.0%
Earnings Per Share, Diluted	$5.24	–	–	-$9.752024-12-31	-$1.85	-427.0%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	–	–	–	-$4.53M2024-12-31	-$1.04M	-337.6%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	–	–	–	21.0%2024-12-31	21.0%	0.0%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	–	–	–	$4.51M2024-12-31	$763K	+490.9%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	–	–	–	-20.9%2024-12-31	–	–
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount	–	–	–	$02024-12-31	–	–
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent	–	–	–	0.0%2024-12-31	–	–
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	–	–	–	$21K2024-12-31	–	–
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent	–	–	–	-0.1%2024-12-31	–	–
Effective Income Tax Rate Reconciliation, Percent	0.0%	–	–	0.0%2024-12-31	–	–
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount	–	–	–	$02024-12-31	–	–
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Percent	–	–	–	0.0%2024-12-31	–	–
Employee-related Liabilities, Current	$12.9M	$357K	+3,520.2%	$164K	$1.11M	-85.3%
Equity Securities, FV-NI	$50.2M	–	–	–	–	–
Equity Securities, FV-NI, Unrealized Gain (Loss)	$8.83M	–	–	–	–	–
Finite-Lived Intangible Assets, Accumulated Amortization	-$100K2025-12-31	-$100K	0.0%	-$100K	-$100K	0.0%
Gain (Loss) on Extinguishment of Debt	$0	–	–	–	–	–
General and Administrative Expense	$6.67M	–	–	$11.2M2024-12-31	$2.18M	+415.2%
Goodwill	$02025-12-31	$0	–	$0	$0	–

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-09