While the company maintains a robust 96.7% gross margin, operating leverage remains deeply constrained with a -6.5% operating margin reported in 2026Q1.
| Sales/Revenue | 7.33M | 5.73M | 3.65M | 277.04K | 343.11K | 829.62K | 86.9K |
| Revenue Growth % | 107.23% | 57.1% | 1217.51% | -19.26% | - | 854.65% | - |
| Cost of Goods Sold | 33.24M | 220K | 2.71K | 734 | 0 | 0 | 0 |
| COGS % of Revenue | - | 3.84% | 0.07% | 0.26% | - | - | - |
| Gross Profit | -25.92M | 5.51M | 3.46M | 276.3K | 0 | 0 | 0 |
| Gross Margin % | -353.8% | 96.16% | 94.74% | 99.74% | - | - | - |
| Gross Profit Growth % | - | 59.46% | 1151.52% | - | - | - | - |
| Operating Expenses | 50.85M | 49.27M | 26.11M | 5.21M | 988.36K | 814.75K | 83.64K |
| OpEx % of Revenue | - | 859.26% | 715.4% | 1879.71% | 288.06% | 98.21% | 96.24% |
| Selling, General & Admin | 36.25M | 12.11M | 26.11M | 5.21M | 988.36K | 814.75K | 83.64K |
| SG&A % of Revenue | - | 211.2% | 715.4% | 1879.71% | 288.06% | 98.21% | 96.24% |
| Research & Development | 0 | 0 | 423.3K | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 11.6% | - | - | - | - |
| Other Operating Expenses | 1.12M | 37.16M | -423.3K | 0 | 0 | 0 | 0 |
| Operating Income | -76.77M | -43.76M | -22.65M | -4.93M | -645.25K | 14.87K | 3.27K |
| Operating Margin % | -1047.96% | -763.1% | -620.66% | -1779.97% | -188.06% | 1.79% | 3.76% |
| Operating Income Growth % | - | -93.15% | -359.4% | -664.22% | - | 355.33% | - |
| EBITDA | -76.47M | -43.54M | -22.46M | -4.93M | -645.25K | 14.87K | 3.27K |
| EBITDA Margin % | -1043.97% | -759.26% | -615.4% | -1779.71% | -188.06% | 1.79% | 3.76% |
| EBITDA Growth % | -340.77% | -93.82% | -355.58% | -664.11% | - | 355.33% | - |
| D&A (Non-Cash Add-back) | 291.88K | 220K | 192K | 734 | 0 | 0 | 0 |
| EBIT | -77.09M | -43.76M | -22.65M | -4.93M | -645.25K | 14.87K | 3.27K |
| Net Interest Income | -242K | 0 | 10.1K | 1.11M | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 10.1K | 1.11M | 0 | 0 | 0 |
| Interest Expense | 242K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -798.26M | -376.83M | 1.07M | 0 | 0 | 0 | 0 |
| Pretax Income | -875.03M | -420.59M | -21.58M | -4.93M | -645.25K | 14.87K | 3.27K |
| Pretax Margin % | -11945.22% | -7334.98% | -591.23% | -1779.97% | -188.06% | 1.79% | 3.76% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -875.03M | -420.59M | -21.58M | -4.93M | -645.25K | 14.87K | 3.27K |
| Net Margin % | -11945.22% | -7334.98% | -591.23% | -1779.97% | -188.06% | 1.79% | 3.76% |
| Net Income Growth % | -5237.01% | -1848.97% | -337.62% | -664.22% | - | 355.33% | - |
| Net Income (Continuing) | -875.03M | -420.59M | -21.58M | -4.93M | -645.25K | 14.87K | 3.27K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -14.20 | -9.75 | -680.00 | -695.76 | -96.00 | 2.40 | 0.56 |
| EPS Growth % | 87.42% | 98.57% | 2.27% | -624.75% | - | 328.57% | - |
| EPS (Basic) | - | -9.75 | -680.00 | -695.76 | -96.00 | 2.40 | 0.56 |
| Diluted Shares Outstanding | 61.63M | 2.21M | 9.47K | 7.09K | 6.83K | 6.13K | 6.13K |
| Basic Shares Outstanding | 61.63M | 2.21M | 9.47K | 7.09K | 6.83K | 6.13K | 6.13K |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Extreme operating loss volatility
According to quarterly financial data, Strive, Inc. achieved a 94.0% year-over-year revenue growth rate in 2026Q1, signaling a rapid expansion of its digital service footprint that significantly outpaces the more stagnant growth profiles observed in traditional asset management peers like Cohen & Company.
The acceleration in top-line performance suggests that the company's AE.360 platform is gaining traction within its niche retail trading community. However, investors should monitor whether this growth is sustainable or merely a reflection of aggressive, potentially unsustainable, customer acquisition spending.
As reported in recent income statements, Strive, Inc. maintains a robust 96.7% gross margin, which highlights the inherent scalability of its digital-only delivery model compared to the more labor-intensive cost structures often found in the broader financial services and asset management industry landscape.
This high gross margin indicates that the company faces minimal direct costs per unit of service, effectively positioning it as a software-like entity. Nevertheless, the occasional volatility in gross margins suggests potential inconsistencies in service delivery costs or accounting adjustments that warrant further investigation.
Based on the provided financial figures, Strive, Inc. exhibits a severe lack of operating leverage, with operating margins remaining deeply negative at -6.5% in 2026Q1, despite the company's ability to generate high gross profits from its core digital service offerings.
The persistent gap between gross profit and operating income suggests that fixed overhead and administrative expenses are currently scaling in lockstep with, or faster than, revenue. This implies that the company has yet to achieve the necessary scale to amortize its corporate cost structure effectively.
Analysis of the income statement reveals that Strive, Inc.'s net income is heavily impacted by non-operating items and stock-based compensation, as evidenced by the $6.5 million SBC charge in 2026Q1, which significantly distorts the reported net loss of $265.9 million for the period.
The extreme discrepancy between revenue and net income suggests that GAAP figures are currently poor indicators of operational health. Investors should focus on cash burn metrics rather than bottom-line profitability, as the current earnings profile appears heavily influenced by non-cash accounting charges and capital structure events.
While the company's $67.5 million cash position provides a substantial runway, the current burn rate suggests that Strive, Inc. may be operating as a funded shell rather than a self-sustaining business, raising questions about the long-term viability of its current high-cost operational strategy.
Short-sellers would likely focus on the disconnect between the company's massive cash reserves and its inability to reach operational break-even. This suggests that the market may be valuing the company's balance sheet optionality rather than its underlying ability to generate profitable growth from its Discord-based services.
Quick answers to the most common questions about buying ASST stock.
For fiscal year 2025, Strive, Inc. (ASST) reported total revenue of $5.7M. This represents a 6498.2% increase compared to $0.1M in 2020.
Strive, Inc. (ASST) reported a net loss of $420.6M for the fiscal year ending 2025.
Strive, Inc. (ASST) reported an operating income of $-43.8M, resulting in an operating profit margin of -763.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Strive, Inc. (ASST) generated $5.5M in gross profit for the year, representing a gross profit margin of 96.2%. This demonstrates the company's core pricing power and production efficiency.