Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Nakamoto Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
Revenue
3.77
2.72
1.82
Research and development
0
0.38
General and administrative
1.36
1.91
11.8
Operating expenses
5.39
6.07
199
Operating income
-1.62
-3.35
-197
Interest expense
0.06
0.39
7.06
Other non-operating income
0
-0.27
145
Pre-tax income
-1.62
-3.62
-52.2
Net income
-1.62
-3.62
-52.2
EBITDA
-1.51
-3.21
-197
EPS, basic
-0.36
-0.67
-0.26
EPS, diluted
-0.36
-0.67
-0.26
Shares, basic (weighted)
4.5
5.39
200
Shares, diluted (weighted)
4.5
5.39
200
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
0.53
2.27
21.1
Receivables
0.03
0.04
Inventory
0.06
0
Other current assets
0
0.23
0
Total current assets
0.62
2.51
224
Property, plant and equipment
0.24
0.12
0.01
Lease right-of-use assets
0.24
0.64
Intangible assets
3.01
Long-term investments
35.7
Other non-current assets
1.17
0.54
Total assets
1.1
3.68
731
Accounts payable
0.33
0.32
5.04
Total current liabilities
0.81
0.61
216
Long-term debt
0.23
Lease liabilities
0.16
0.5
Other non-current liabilities
0.5
0.37
Total liabilities
1.21
1.11
216
Total debt
0.15
Paid-in capital
4.05
10.4
575
Retained earnings
-4.16
-7.78
-60
Treasury stock
-0.02
-0.75
Shareholders' equity
-0.11
2.57
514
Total equity
-0.11
2.57
514
Total liabilities and equity
1.1
3.68
731
Shares outstanding
4.62
6.03
10.9
Cash flow statement
FY2024
FY2024
FY2025
Net income
-1.62
-3.62
-52.2
Depreciation and amortization
0.11
0.14
0.08
Stock-based compensation
0.01
0.24
2.36
Change in receivables
-0.02
-0.04
Change in inventory
-0.01
0.06
Change in payables
0.16
-0.01
-1.95
Cash from operations
-0.45
-3.07
-23.5
Capital expenditures
-0.01
-0.01
Cash from investing
-0.01
-0.4
-680
Stock issued
5.66
Share buybacks
-0.02
-0.32
Cash from financing
0.8
5.22
724
Net change in cash
0.34
1.75
20.3
Free cash flow
-0.46
-3.09
Interest paid
0.03
0.02
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $9.72 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-1,191.0%
Operating income / revenue.
EBITDA margin
-1,182.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-1,118.0%
Pre-tax income / revenue.
Net margin
-1,068.0%
Net income / revenue.
Operating cash flow margin
-120.0%
Cash from operations / revenue.
Return on equity (ROE)
-177.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-99.5%
Net income / average total assets.
Return on invested capital (ROIC)
-170.5%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
14.3%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
9.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-33.0%
Revenue vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
19,926.0%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
19,764.0%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
3,613.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.15x
Current assets / current liabilities.
Quick ratio
0.11x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.11x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1,969.00
Revenue / diluted weighted shares.
Operating cash flow per share
-$2,364.00
Cash from operations / diluted weighted shares.
Book value per share
$13.21
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
4.42x
Market cap / revenue.
P/B
0.74x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.42x
Market cap / tangible book value, when positive.
EV/Sales
3.93x
Enterprise value / revenue.
Earnings yield
-241.8%
Net income / market cap (the inverse of P/E).
What was Nakamoto Inc.'s revenue in fiscal 2025?
Nakamoto Inc. reported revenue of $1.8M for fiscal 2025, 33% lower than the year before.
Was Nakamoto Inc. profitable in fiscal 2025?
No. It reported a net loss of $52.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.