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Strive, Inc. Announces Third Quarter 2025 Financial Results

ASST
  • Strive, Inc. reported financial results for the third quarter ended September 30, 2025, following a reverse acquisition of Asset Entities Inc. & $762.6 million in PIPE financing & warrant exercises.
  • The company announced a merger agreement to acquire Semler Scientific, Inc. in an all-stock transaction subject to shareholder approval, aiming to create a preventative healthcare subsidiary.
  • Strive identified new executive leadership for Semler to oversee operations, targeting a model similar to Roivant Sciences to enhance shareholder value & potential monetization.
  • The company held 5,886 Bitcoin with a fair value of $672.9 million as of September 30, 2025, increasing holdings to 7,525 Bitcoin by November 7, 2025.
  • GAAP net loss for the period from September 12 to September 30, 2025, was $192.3 million ($0.22 per diluted share), with 93.2% attributed to non-recurring & non-cash items.
  • Non-GAAP adjusted net loss for the same period was $13.0 million ($0.01 per diluted share), excluding non-recurring & non-cash expenses.
  • Management forecasts asset management operating business results for 2026 to range from a single-digit million-dollar loss to a single-digit million-dollar income.
  • On November 10, 2025, Strive completed a public offering of 2 million shares of Variable Rate Series A Perpetual Preferred Stock ("SATA") for net proceeds of approximately $149.3 million.
  • The company launched a Bitcoin treasury dashboard on its website to provide real-time data on holdings, market prices, & amplification ratios.
  • Financial statements show total assets of $792.6 million as of September 30, 2025, compared to $28.2 million in the prior period, driven by digital asset holdings.
  • Strive recorded a net unrealized loss on digital assets of $10.1 million & a derivative loss of $14.7 million during the quarter.
  • Goodwill & intangible asset impairment charges totaled $140.8 million, significantly impacting the reported GAAP net loss for the period.