assetentities(ASST) - 2025 Q4 - Annual Results

Financial Performance - Strive, Inc. reported a GAAP net loss of $393.6 million for the period from September 12, 2025, to December 31, 2025, with 95.4% of this loss attributed to the fair market value decrease in bitcoin holdings[3]. - Non-GAAP adjusted net loss attributable to common stockholders was $208.2 million, or $4.73 per diluted common share, for the same period[3]. - The company reported a net loss of $393,598,000 for the period from September 12, 2025, to December 31, 2025, compared to a net loss of $26,990,000 for the previous period[12]. - Non-GAAP adjusted net loss attributable to common stockholders was $208,221,000, significantly higher than the $11,124,000 loss in the prior period[12]. - The net loss per diluted common share was $9.04, compared to $11.74 in the previous period[12]. - The weighted average number of diluted common shares outstanding increased to 43,997,862 from 2,299,243 in the prior period[12]. - The company incurred a goodwill and intangible asset impairment of $140,785,000 during the reporting period[12]. - Share-based compensation expense amounted to $21,710,000, while transaction costs were $12,400,000[12]. Bitcoin Holdings and Performance - The company accumulated a total of 13,628 bitcoin as of March 17, 2026, with 5,048 bitcoin acquired from Semler Scientific, Inc.[3]. - Strive achieved a Bitcoin Yield of 22.2% in Q4 2025 and 13.8% quarter-to-date in Q1 2026[3]. - The company is focused on maximizing value for stockholders and accumulating bitcoin as part of its treasury strategy[26]. - The company has adopted new accounting standards for measuring bitcoin at fair value, which may lead to unrealized gains or losses[19]. - Future performance metrics such as Bitcoin Yield, Bitcoin Gain, and Bitcoin $ Gain are used to assess the company's strategy but have limitations[16]. Assets and Liabilities - Strive's cash and cash equivalents totaled $83.7 million as of March 17, 2026, with a fair value of $50.4 million in STRC Stock[3]. - Total current assets increased to $71.8 million as of December 31, 2025, compared to $23.8 million in the previous year[4]. - Total liabilities were reported at $14.3 million as of December 31, 2025, significantly up from $4.9 million in the previous year[4]. Corporate Actions - The company completed a public offering of 2,000,000 shares of SATA Stock at $80.00 per share, resulting in net proceeds of approximately $148.4 million[3]. - Strive executed an all-stock acquisition of Semler Scientific, acquiring approximately 5,048 bitcoin and establishing a subsidiary focused on preventative healthcare[3]. - The company made an initial investment of $50 million in Variable Rate Series A Perpetual Stretch Preferred Stock of Strategy Inc. in March 2026[3]. Risks and Challenges - The company anticipates potential risks related to market conditions and the integration of its merger with Semler Scientific, Inc.[27].