Strive, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, disclosing a net income of $509.032 million for the three months ended September 30, 2026, driven primarily by unrealized gains on digital assets.

Key Highlights

  • Net income of $509.032 million for the three months ended September 30, 2026 (Successor), compared to a net loss of $192.287 million in the period from September 12, 2025 to September 30, 2025.
  • Digital assets at fair value totaled $2.340 billion as of September 30, 2026, up from $668.486 million as of December 31, 2025.
  • Net unrealized gain on digital assets of $533.697 million was recorded for the three months ended September 30, 2026.
  • Total assets reached $2.684 billion as of September 30, 2026, compared to $745.527 million as of December 31, 2025.
  • Variable Rate Series A Preferred Stock liquidation preference was $1.3 billion as of September 30, 2026, with 12,940,621 shares issued and outstanding.
  • An impairment of $14.650 million on a medical device research and development intangible asset was recorded in the three months ended September 30, 2026.
  • Basic earnings per common share were $5.33 for the three months ended September 30, 2026, based on a weighted average of 89,080,303 shares.

Strive's Third Quarter 2026 Financial Results: Digital Asset Gains and Balance Sheet Growth

According to the filing, Strive, Inc. (NASDAQ:ASST) reported total revenues of $2.696 million for the three months ended September 30, 2026, comprised of investment advisory fees of $1.559 million, medical device revenues of $1.133 million, and other revenue of $4 thousand. Total operating expenses for the same period were $38.699 million, which included employee compensation and benefits of $15.633 million, a $14.650 million impairment of a medical device research and development intangible asset, and general and administrative expense of $6.669 million.

The company disclosed total investment gains of $544.027 million for the quarter, with the dominant component being net unrealized gains on digital assets at fair value of $533.697 million. Net unrealized gains on investments in preferred equity at fair value contributed an additional $8.833 million, and other investment gains added $1.497 million. The resulting net operating income was $508.024 million. After preferred stock dividends of $34.231 million, net income attributable to common stockholders was $474.801 million, with diluted earnings per share of $5.24.

The consolidated balance sheet as of September 30, 2026 reflected total assets of $2.684 billion, with digital assets at fair value accounting for $2.340 billion of that total. Cash and cash equivalents stood at $285.405 million, up from $67.499 million at December 31, 2025. Total stockholders' equity was $1.435 billion as of September 30, 2026. The company also reported that as of October 30, 2026, there were 118,117,620 shares of Class A common stock and 9,213,489 shares of Class B common stock outstanding. For the nine months ended September 30, 2026, total revenues were $8.397 million and employee compensation and benefits totaled $45.000 million.

What Was Disclosed

Strive, Inc. filed a quarterly report covering the period ended September 30, 2026, disclosing a net income of $509.032 million for the quarter, total assets of $2.684 billion, and significant unrealized gains on digital assets, alongside a $14.650 million intangible asset impairment charge.