Quarterly ResultMay 14, 2026, 07:51 AM
Strive Q1 Net Loss $(265.9M); Semler Merger Adds $66.7M Gain
AI Summary
Strive, Inc. reported a net loss of $265.9 million for the three months ended March 31, 2026, significantly higher than the $3.7 million loss in the prior year, primarily due to a $295.8 million net unrealized loss on digital assets. Total revenues increased to $2.76 million. The company completed the Semler Scientific Merger on January 16, 2026, which resulted in a bargain purchase gain of $66.7 million and led to the assumption and partial extinguishment of $90 million of Semler Convertible Notes and the full retirement of a $20 million Coinbase Loan.
Key Highlights
- Strive reported a net loss of $(265,906) thousand for the three months ended March 31, 2026, compared to $(3,749) thousand in Q1 2025.
- Total revenues for Q1 2026 were $2,760 thousand, up from $1,423 thousand in Q1 2025.
- Recognized a bargain purchase gain of $66,704 thousand from the Semler Scientific Merger.
- Incurred a net unrealized loss on digital assets of $(295,778) thousand.
- Digital assets at fair value increased to $929,396 thousand as of March 31, 2026, from $668,486 thousand at December 31, 2025.
- Cash and cash equivalents rose to $95,092 thousand as of March 31, 2026, from $67,499 thousand at December 31, 2025.
- Long-term notes payable, at fair value, were $9,701 thousand as of March 31, 2026, with the remaining balance repurchased by May 12, 2026.