Nakamoto Inc. (NAKA) Income Statement
NAKA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNAKA revenue and net income
Where NAKA's revenue goes
2025Each bar shows an amount and its share of revenue. NAKA kept −2,867.6% of revenue as net income.
NAKA profit margins
NAKA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −33.0% | −21.7% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NAKA quarterly EPS vs estimates
Nakamoto beat the analyst EPS estimate in 2 of the last 4 quarters. Next report: November 18, 2026 (estimate $-0.49).
NAKA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.8M | $2.7M | $3.8M | $3.8M | $2.5M |
| Cost of revenue | $11.1M | $3.6M | $226,166 | $152,385 | $1.6M |
| Gross profit | −$9.3M | −$842,565 | $3.5M | $3.6M | $914,922 |
| Research & development | — | $377,731 | $2,500 | — | — |
| Sales, general & admin | $11.8M | $1.9M | $5.1M | $6.3M | $2.4M |
| Total operating expenses | $187.9M | $2.5M | $5.2M | $6.3M | $853,582 |
| Operating income | −$197.1M | −$3.3M | −$1.6M | −$2.7M | $61,340 |
| Interest expense | $7.1M | $393,448 | $55,844 | $0 | — |
| Income before taxes | −$52.2M | −$3.6M | −$1.6M | −$2.5M | $149,336 |
| Income taxes | — | — | — | $5 | $3 |
| Net income | −$52.2M | −$3.6M | −$1.6M | −$2.5M | $149,336 |
| EBITDA | −$44.9M | −$3.0M | −$1.4M | −$2.4M | $124,737 |
| EPS (diluted) | −$2.64 | −$15.84 | −$0.27 | −$0.43 | — |
| Gross margin | −508.8% | −31.0% | 94.0% | 96.0% | 36.5% |
| Operating margin | −10,824.0% | −123.1% | −43.0% | −71.1% | 2.4% |
| Net margin | −2,867.6% | −133.0% | −42.9% | −67.1% | 6.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.9M | $2.7M | $444,924 | $388,209 | $408,527 | $580,000 | $603,887 | $647,867 | $639,057 | $829,029 | $759,447 | $869,268 |
| Cost of revenue | $15.1M | $7.6M | $11.1M | $2,015 | $7,552 | $1.0M | $663,213 | $1.2M | $1.2M | $765,870 | $866,476 | $1.0M |
| Gross profit | $20.7M | −$4.9M | −$10.6M | $386,194 | $400,975 | −$431,000 | −$59,326 | −$547,757 | −$601,786 | $63,159 | −$107,029 | −$159,036 |
| Research & development | — | — | $101 | $0 | $4 | $97 | $377,731 | $0 | $342,314 | $35,417 | $2,500 | — |
| Sales, general & admin | $14.3M | $9.8M | $3.4M | $10.8M | $2.8M | $593,000 | $1.2M | $1.7M | $1.6M | $1.0M | $195,100 | $357,369 |
| Total operating expenses | $169.8M | $121.3M | $172.7M | $10.8M | $2.8M | $611,000 | $963,307 | $502,061 | $435,407 | $300,286 | $195,100 | $344,367 |
| Operating income | −$149.1M | −$126.2M | −$183.3M | −$10.4M | −$2.4M | −$1.0M | −$1.0M | −$1.0M | −$1.0M | −$237,127 | −$302,129 | −$503,403 |
| Interest expense | $4.0M | $4.2M | $7.1M | $0 | $3,668 | $6,000 | $8,100 | $9,659 | $318,450 | $57,239 | $55,844 | $12,550 |
| Income before taxes | −$152.6M | −$238.8M | $37.3M | −$86.0M | −$2.4M | −$1.0M | −$1.0M | −$1.0M | −$1.3M | −$282,326 | −$324,928 | −$515,146 |
| Income taxes | −$21.4M | — | — | — | — | — | — | — | — | — | $2 | −$4 |
| Net income | −$133.0M | −$238.8M | $37.3M | −$86.0M | −$2.4M | −$1.0M | −$1.0M | −$1.0M | −$1.3M | −$282,326 | −$324,928 | −$515,146 |
| EBITDA | −$146.2M | −$233.4M | $44.4M | −$85.4M | −$2.3M | −$1.0M | −$953,737 | −$1.0M | −$985,190 | −$186,967 | −$228,991 | −$477,399 |
| EPS (diluted) | $1.13 | −$15.20 | $0.07 | −$2.19 | −$0.35 | −$0.17 | −$0.17 | −$6.79 | −$8.89 | — | — | — |
| Gross margin | 57.8% | −183.0% | −2,388.2% | 99.5% | 98.2% | −74.3% | −9.8% | −84.5% | −94.2% | 7.6% | −14.1% | −18.3% |
| Operating margin | −415.6% | −4,711.4% | −41,198.2% | −2,680.4% | −585.4% | −179.7% | −169.3% | −162.0% | −162.3% | −28.6% | −39.8% | −57.9% |
| Net margin | −370.8% | −8,916.2% | 8,374.2% | −22,162.2% | −590.9% | −179.0% | −165.8% | −156.5% | −206.5% | −34.1% | −42.8% | −59.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NAKA's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NAKA financial results
In fiscal year 2025 (ended December 31, 2025), Nakamoto reported revenue of $1.8 million, down 33.0% from the year before. It had a net loss of $52.2 million, a net profit margin of −2,867.6%. Diluted earnings per share came to −$2.64.
See the NAKA stock overview for the latest quote and news, or the NAKA chart for price history and technical indicators.
NAKA income statement FAQ
What is Nakamoto's annual revenue?
Nakamoto reported total revenue of $1.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 33.0% from $2.7 million the previous year.
Is Nakamoto profitable?
No. Nakamoto reported a net loss of $52.2 million in fiscal 2025, a net profit margin of −2,867.6%; its operating margin was −10,824.0%.
What is Nakamoto's gross margin?
Nakamoto's gross margin was −508.8% in fiscal 2025: for every $100 of revenue, Nakamoto kept $-509 after the direct cost of its products and services.
What are Nakamoto's earnings per share?
Nakamoto earned $-2.64 per diluted share in fiscal 2025, compared with $-15.84 a year earlier.
When will Nakamoto report its next earnings?
Nakamoto is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does Nakamoto's fiscal year end?
Nakamoto's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.