Strive
Anti-ESG asset manager running thirteen ETFs while accumulating bitcoin through perpetual preferred equity issuances.
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Profile
An SEC-registered investment adviser running thirteen anti-ESG ETFs and trusts alongside a bitcoin treasury funded through perpetual preferred equity, with a preventive-healthcare subsidiary and dual-class governance concentrated in the founding group.
The Asset Management segment operates thirteen ETFs and collective investment trusts through a wholly owned SEC-registered investment adviser, applying an anti-ESG voting policy as a fiduciary stance; advisory fees across the managed lineup form the recurring revenue base.
A separate bitcoin treasury accumulates holdings on the corporate balance sheet, financed exclusively through perpetual preferred equity (SATA Stock) rather than convertible debt — a deliberate structural contrast with comparable treasury strategies. Bitcoin Yield, the rate of BTC growth per fully diluted share, is the stated performance metric.
Clinivanta, the preventive-healthcare subsidiary, holds the QuantaFlo vascular-screening device and a broader preventive-care mandate inherited from the all-stock acquisition of Semler Scientific.
Dual-class common stock concentrates governance in the founding group; bitcoin price marks drive most of the GAAP earnings variance.
Company facts
Categories
Key statistics
Year to date +25.6% · Average volume (30d) 5.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 20, 2026 | Coker Palmer | Target | $32 | |
| May 18, 2026 | Cowen & Co. | Target | $30 | |
| May 15, 2026 | H.C. Wainwright | Target | $36 | $38 |
| Apr 21, 2026 | H.C. Wainwright | Target | $36 | |
| Dec 10, 2025 | Maxim Group | Target | $1.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.25 | −$3.65 | −1,389.8% | $3.0M | $2.9M | −2.7% | +1.45% |
| Aug 10, 2026Q2 FY26 | −$0.95 | −$3.65 | −284.2% | $3.0M | $2.9M | −2.7% | −0.32% |
| May 14, 2026Q1 FY26 | −$2.70 | −$4.53 | −68.1% | $2.7M | $2.8M | +1.0% | −5.19% |
| Mar 19, 2026Q4 FY25 | −$0.03 | −$4.71 | −15,600.0% | $1.7M | $2.6M | +54.0% | −2.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.5M | $1.5M | $1.5M | $2.8M | $2.9M | |
| Gross profit | −$2.1M | −$2.1M | $1.5M | −$28.0M | $2.7M | −$13.4M | |
| Operating income | −$4.1M | −$3.7M | −$23.3M | −$31.9M | −$17.9M | −$21.5M | |
| Net income | −$3.7M | −$8.9M | −$206.7M | −$393.6M | −$265.9M | −$283.8M | |
| Diluted EPS | −$52.00 | −$68.00 | −$124.00 | −$4.60 | −$4.53 | −$3.77 | |
| Gross margin | -144.3% | -137.8% | 96.4% | -1,851.5% | 96.7% | -454.7% | |
| Operating margin | -286.2% | -244.4% | -1,511.2% | -2,109.6% | -647.1% | -729.5% |
Fiscal years (4-quarter sums)FY21 $829.6K · FY22 $343.1K · FY23 $277.0K · FY24 $2.2M · FY25 $6.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $145.5M · Total debt $3.3M · Total assets $1.38B · Shareholders' equity $1.35B
Dividends
No dividends on record.
Ownership
Shares outstanding 84.10M · Float 62.11M · 73.9% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 9.89M | 11.76% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 5.27M | 6.26% | 13F | Aug 7, 2026 |
| Anson Funds Management LP | 3.70M | 5.90% | 13G | May 15, 2026 |
| Capital International Investors | 3.02M | 3.59% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 2.75M | 3.27% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Pierre Rochard | director | +15,900 | $12.54 |
| Feb 18, 2026 | Benjamin Pham | director, officer: Chief Financial Officer | +6,214 | $8.06 |
| Feb 17, 2026 | Benjamin Pham | director, officer: Chief Financial Officer | +7,900 | $8.23 |
| Feb 13, 2026 | Brian Logan Beirne | director, officer: Chief Legal Officer | +11,500 | $8.73 |
| Jan 13, 2026 | Matthew Ryan Cole | director, officer: Chief Executive Officer | +500,000 | $0.9187 |
Peers
- Strategy
Pioneer of the corporate BTC treasury model; largest public BTC holder.
- MARA
Leading Bitcoin miner retaining BTC on its balance sheet as equity proxy.
- GameStop
Game retailer turned BTC reserve-asset holder; adopted Bitcoin in 2025.
- Trump Media & Technology Group
Truth Social operator that adopted a crypto treasury strategy in 2025.
- BlackRock
World's largest asset manager; competes with SAM on ETFs and ESG stewardship.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Strive | $21.74 | +0.05% | $2.17B | — | 7.1 | 248.1 | +1,370.5% |
| Strategy | $127.88 | +0.46% | $42.12B | — | 3.7 | 84.5 | +6.9% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| GameStop | $17.93 | +0.36% | $8.02B | 13.3 | 17.0 | 2.1 | +14.1% |
| Trump Media & Technology Group | $9.61 | −0.26% | $2.67B | — | — | 590.5 | +89.0% |
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| Median | 20.6 | 17.0 | 6.6 | +14.1% |