Strive Q2 net loss widens on bitcoin value drop

Strive

10/08/2026 12:15

Overview
US structured finance firm's Q2 revenue rose yr/yr, but net loss widened sharply
Q2 net loss driven by decline in bitcoin and preferred equity values
Company retired all outstanding debt and began daily dividends on preferred stock

Result Drivers
BITCOIN AND EQUITY LOSSES - Q2 net loss mainly attributable to decrease in fair market value of bitcoin and preferred equity holdings
DIVIDEND PAYMENTS - Daily dividends on preferred stock contributed to adjusted net loss
DEBT RETIREMENT - Company retired all outstanding short and long-term debt, resulting in a debt-free balance sheet

Company press release: ID:nGNX5zPd5s

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.94 mln
 
Q2 Net Loss
 
$257.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Strive Inc is $28.00, about 124.4% above its August 7 closing price of $12.48
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 3 three months ago

Reuters Recommended Reads
Aug 7 - AIxCrypto Holdings posts wider Q2 loss 
Aug 8 - US Senate advances landmark crypto bill before heading on August recess
Aug 7 - Private credit roundup: Weaker results but redemption pressures ease

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)