Strive, Inc. Reports 94% Revenue Growth to $2.76 Million Amid Increased Operating Expenses

Strive, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending March 31, 2026. The company generated total revenues of $2.76 million, a 94% increase from $1.42 million in the same period last year. This growth was primarily driven by the introduction of medical device revenues, which amounted to $1.37 million following the acquisition of Semler Scientific, Inc. However, Strive also faced substantial operating expenses totaling $20.62 million, up from $5.50 million a year earlier, leading to a net loss of $265.91 million compared to a loss of $3.75 million in the prior year.

The financial performance reflects a notable shift in the company's structure and operations, particularly following the Semler Scientific merger completed in January 2026. This merger not only expanded Strive's revenue streams but also resulted in increased employee compensation and benefits, which surged to $13.05 million from $2.07 million year-over-year. The company also reported a net unrealized loss on digital assets of $295.78 million, attributed to fluctuations in bitcoin prices, which significantly impacted overall profitability.

In terms of operational metrics, Strive's total assets increased to $1.10 billion as of March 31, 2026, up from $745.53 million at the end of 2025. The company held approximately 13,628 bitcoins valued at $929.40 million, alongside $95.09 million in cash and cash equivalents. The total number of shares outstanding as of May 12, 2026, was reported at 63.21 million for Class A common stock and 9.87 million for Class B common stock. The company also declared dividends of $13.45 million on its preferred stock during the quarter.

Looking ahead, Strive's management expressed confidence in its strategic direction, emphasizing a focus on disciplined capital allocation and the potential for further growth in its bitcoin holdings. The company plans to leverage its liquidity position, which includes $1.07 billion in cash and digital assets, to pursue additional acquisitions and investments. Furthermore, Strive is set to change its preferred stock dividend payments from a monthly to a daily basis starting June 16, 2026, reflecting its commitment to providing consistent returns to shareholders.