The company continues to experience significant liquidity pressure, evidenced by a $31.0 million free cash flow burn in 2026Q1 and an OCF/NI ratio of 0.12.
| Cash from Operations | -51.01M | -21.59M | -4.9M | -3.81M | -602.83K | 23.37K | 10.36K |
| Operating CF Margin % | - | -376.61% | -134.25% | -1374.4% | -175.7% | 2.82% | 11.92% |
| Operating CF Growth % | -998.42% | -340.71% | -28.69% | -531.63% | - | 125.56% | - |
| Net Income | -875.03M | -21.58M | -21.58M | -16.91M | -645.25K | 14.87K | 3.27K |
| Depreciation & Amortization | 281.32K | 192K | 260.27K | 212.12K | 0 | 0 | 0 |
| Stock-Based Compensation | 7.42M | 896K | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 240.3M | -1.2M | 16.4M | 12.53M | 0 | 0 | 0 |
| Working Capital Changes | -13.16M | 95K | 17.96K | 364.75K | 42.43K | 8.5K | 7.09K |
| Change in Receivables | 0 | 0 | -1.46M | 89.63K | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -10.91M | 5.12M | 927.45K | 220.99K | 44.23K | 0 | 0 |
| Cash from Investing | -126.99M | -3.2M | -400K | -113.56K | 0 | 0 | 0 |
| Capital Expenditures | -24K | -24K | -24.26K | -973.4K | 0 | 0 | 0 |
| CapEx % of Revenue | 0.33% | 0.42% | 0.66% | 351.36% | - | - | 0% |
| Acquisitions | 3.91M | 400K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 7.75M | 7.75M | 2.8M | -641.21K | 0 | 0 | 0 |
| Cash from Financing | 208.12M | 28.86M | 5.04M | 6.71M | 706.27K | 0 | 0 |
| Debt Issued (Net) | -20.31M | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1.2B | 979.09M | 5.04M | 6.71M | 755.9K | 25K | 0 |
| Dividends Paid | -13.13M | -2.27M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -176.88K | 0 | 0 | 0 |
| Other Financing | -959.16M | -947.96M | 0 | 0 | -49.63K | -25K | 0 |
| Net Change in Cash | 90.88M | 4.07M | -263.7K | 2.79M | 103.45K | 23.37K | 10.36K |
| Free Cash Flow | -51.04M | -21.62M | -4.9M | -3.82M | -602.83K | 23.37K | 10.36K |
| FCF Margin % | -696.72% | -377.03% | -134.25% | -1379.3% | -175.7% | 2.82% | 11.92% |
| FCF Growth % | -188.83% | -341.2% | -28.23% | -533.87% | - | 125.58% | - |
| FCF per Share | -0.83 | -9.77 | -517.38 | -539.18 | -88.25 | 3.82 | 1.69 |
| FCF Conversion (FCF/Net Income) | 0.06x | 0.05x | 0.23x | 0.77x | 0.93x | 1.57x | 3.17x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Unsustainable cash burn rate
As reported in recent financial filings, Strive, Inc. exhibits a profound disconnect between net income and operating cash flow, with the OCF/NI ratio fluctuating wildly, including a 0.12 reading in 2026Q1, which suggests that reported losses are not fully reflective of actual cash outflows.
The extreme variance between accounting losses and cash burn indicates that non-cash charges, such as stock-based compensation, are significantly distorting the company's true economic performance. Investors should interpret this divergence as a signal that the company's operational viability cannot be assessed through GAAP net income alone.
Based on the provided quarterly data, Strive, Inc. has consistently generated negative free cash flow, with a peak burn of $31.0 million in 2026Q1, indicating that the company's current growth strategy remains heavily reliant on external capital rather than internally generated cash flows.
The persistent negative FCF margins suggest that the company is currently in a high-intensity investment phase where capital expenditure and operating costs far outpace revenue generation. This trajectory warrants caution, as the company has yet to demonstrate a clear path toward self-sustaining cash flow generation.
According to historical cash flow statements, Strive, Inc. has displayed highly irregular capital expenditure behavior, including a massive $855.1 million inflow in 2025Q2, which appears to be an anomaly that obscures the company's underlying capital intensity and maintenance requirements.
The lack of consistent, predictable capital investment suggests that the company's infrastructure needs are either highly volatile or that the reported figures are influenced by non-recurring accounting events. Analysts should monitor whether future capex stabilizes to reflect a more standard maintenance cycle for a digital services firm.
As indicated by the quarterly cash flow data, Strive, Inc. experienced a significant $13.5 million working capital outflow in 2026Q1, which highlights the company's struggle to manage its cash conversion cycle effectively amidst its rapid expansion into new social media content delivery segments.
This negative working capital trend suggests that the company is likely facing challenges in timing its cash collections relative to its operational expenditures. Such volatility may indicate that the company's growth is placing an unexpected strain on its liquidity, requiring closer scrutiny of its accounts receivable management.
Based on reported figures, Strive, Inc. has utilized its cash reserves for various activities including dividends and acquisitions, such as the $3.5 million net acquisition spend in 2026Q1, despite the company's core operations continuing to consume significant amounts of cash on a quarterly basis.
The decision to pay dividends while simultaneously reporting deep operating losses suggests a potentially aggressive capital allocation strategy that may not be aligned with long-term operational sustainability. Investors should monitor whether these outflows are prioritized over the necessary investment required to stabilize the company's core business model.
Quick answers to the most common questions about buying ASST stock.
Strive, Inc. (ASST) generated $-21.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Strive, Inc. (ASST) reported negative free cash flow of $21.6M in 2025, indicating capital requirements exceeded cash from operations.
Strive, Inc. (ASST) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Strive, Inc. (ASST) returned $2.3M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.