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MARKETS / NASDAQ / NAKA
NASDAQ · FINANCE SERVICES

Nakamoto Inc. NAKA

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.8M
▼ 33.0% YoY
$-52.2M
In brief

What this company does

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. On August 14, 2025, we acquired a privately held Bitcoin treasury company through a reverse merger and began our transformation into a Bitcoin operating company. A core component of our business strategy is the acquisition and holding of Bitcoin as a treasury reserve asset. As of December 31, 2025, we held approximately 5,342 Bitcoin that was valued at $467.5 million, based on the $87,519 price of Bitcoin on December 31, 2025. Healthcare Operations: provides a patient-focused healthcare experience that provides patients personalized solutions in order to reduce opioid use and improve health outcomes.

Written from the business description in Nakamoto Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.8M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 1.8 · Net income -52.2
-20M-40M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−2868 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10824.0% · Net -2867.6%
-5000%-10000%202320242025
ROE
FY2025 · ROE -20.2%
-100%-200%202320242025

Each USD of equity lost 20 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -3.1
-2M202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -5.3
-2M-4M20242025

Total assetsUSD 730.6M
EquityUSD 514.3M
CashUSD 22.6M
Current ratio1.04×

Equity funds 70% of total assets.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023
Revenue $B0.00.00.0
Operating income $B−0.2−0.0−0.0
EBITDA $B−0.2−0.0−0.0
Income tax $B···
Net income $B−0.1−0.0−0.0
Free cash flow $B·−0.0−0.0
EPS, diluted $−0.26−0.67−0.36
Dividend / sh $···
Payout %···
ROE %−20.2−294.1·
Shares out B0.440.010.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 12 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 64 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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