ASST
Strive, Inc.Communication Services·Asset Management
$17.67
$1.6B market cap
Revenue
$4.3M
Free Cash Flow
$-42.0M
Rev Growth
+0.0%
FCF Margin
-983.7%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Strive Inc is an asset management company that operates a Bitcoin-focused treasury strategy. The firm prioritizes increasing Bitcoin per share for shareholders and uses this metric as the benchmark for capital allocation.
2-Year Price History
$18.21-63.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 2.8 | -17.8 | -17.9 | -265.9 | -31.0 | -31.0 | -0.0 | 145.6 | 13.1 | 61.6 | -12.1% | -73.4x | -- |
| Act | 2025-Q4 | 1.5 | -31.8 | -31.9 | -393.6 | -11.0 | -11.0 | -0.0 | 67.5 | 3.5 | 44.7 | -52.9% | -- | -- |
Valuation & Metrics
Market Stats
Price$17.67
Market Cap$1.6B
Enterprise Value$1.5B
P/S Ratio372.4x
P/FCF--
EV/FCF--
FCF Margin (TTM)-983.7%
FCF Yield-2.6%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$4.3M
Net Income$-659.5M
Free Cash Flow$-42.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin-1160.5%
Net Margin-15437.8%
FCF Margin-983.7%
CapEx % of Revenue0.3%
SBC % of Revenue152.8%
ROIC-32.5%
WC Change % Rev-86.1%
Interest Coverage-204.9x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares12.7M
Days to Cover3.2
Change (vs Prior)-10.8%
Need at least 2 settlement dates for chart
Employees
Headcount51
Revenue / Employee$83,765
Gross Profit / Employee$-496,549
Cash Runway
41.6months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
12.3%(+12.3% YoY)
119 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
5.9%(+5.9% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.6%(+0.6% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| FMR LLC | $71.6M | $10.02 | +$71.6M | +$71.6M | -0.0% | $1.89T |
| BlackRock, Inc.Passive | $36.4M | $10.02 | +$36.4M | +$36.4M | -0.2% | $5.69T |
| Capital International Investors | $26.4M | $10.02 | +$26.4M | +$26.4M | +0.4% | $424.78B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $23.4M | $10.02 | +$23.4M | +$23.4M | — | $4.04T |
| MORGAN STANLEY | $15.2M | $10.02 | +$15.2M | +$15.2M | -0.3% | $1.65T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $12.2M | $10.02 | +$12.2M | +$12.2M | +2.3% | $1.61T |
| UBS Group AG | $12.1M | $10.02 | +$12.1M | +$12.1M | -0.3% | $562.11B |
| STATE STREET CORPPassive | $11.8M | $10.02 | +$11.8M | +$11.8M | -0.2% | $2.89T |
| Interchange Capital Partners, LLC | $8.8M | $10.02 | +$8.8M | +$8.8M | +0.4% | $310M |
| Alpine Fox Capital LLC | $6.1M | $10.02 | +$6.1M | +$6.1M | -2.2% | $106M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $5.6M | $10.02 | +$5.6M | +$5.6M | -0.6% | $77.14B |
| LMR Partners LLP | $5.2M | $10.02 | +$5.2M | +$5.2M | -2.0% | $8.84B |
| NORTHERN TRUST CORPPassive | $4.0M | $10.02 | +$4.0M | +$4.0M | -0.2% | $755.34B |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $3.7M | $10.02 | +$3.7M | +$3.7M | -0.2% | $60.08B |
| Nuveen, LLC | $3.7M | $10.02 | +$3.7M | +$3.7M | +0.0% | $368.63B |
| VANGUARD FIDUCIARY TRUST COPassive | $3.3M | $10.02 | +$3.3M | +$3.3M | — | $395.83B |
| LAKEWOOD CAPITAL MANAGEMENT, LP | $3.3M | $10.02 | +$3.3M | +$3.3M | +2.9% | $1.56B |
| GOLDMAN SACHS GROUP INC | $3.2M | $10.02 | +$3.2M | +$3.2M | -0.2% | $760.93B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $3.0M | $10.02 | +$3.0M | +$3.0M | — | $1.91T |
| RAYMOND JAMES FINANCIAL INC | $2.5M | $10.02 | +$2.5M | +$2.5M | -0.0% | $322.69B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.08%
avg per quarter
Holders (ex-self)
-0.07%
excl. this stock
Buyers (this Q)
-0.08%
133 buyers · $0.30B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.4%
how holders react when this stock falls
On quiet Qs
-2.7%
−10% to +10% baseline
On rallies (+10%+)
-3.4%
how they react when this stock rises
Holders' portfolio flow this Q
-2.3%
outflows — trims may be forced
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
Biggest decreases this quarter
New buyers this quarter
FMR LLC+$0.07Bα-0.0BlackRock, Inc.+$0.04Bα-0.2Capital International Investors+$0.03Bα+0.4VANGUARD CAPITAL MANAGEMENT LLC+$0.02BMORGAN STANLEY+$0.02Bα-0.3GEODE CAPITAL MANAGEMENT, LLC+$0.01Bα+2.3UBS Group AG+$0.01Bα-0.3STATE STREET CORP+$0.01Bα-0.2Interchange Capital Partners, LLC+$0.01Bα+0.4Alpine Fox Capital LLC+$0.01Bα-2.2
Top-5 holders · 57.8%
FMR LLC--
BlackRock, Inc.--
Capital International Investors--
VANGUARD CAPITAL MANAGEMENT LLC--
MORGAN STANLEY--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
Not enough holder history to plot.
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (3 analysts)$34.679620.0%
Last Year (4 analysts)$33.508960.0%
Current Price$17.67
Analyst Ratings
4
Buy: 4Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$1.09M
5 txns · 3 insiders · 1,040,809 sh
Sells ($, 12mo)
$34K
1 txn · 1 insider · 4,182 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$1.25M
1 txn · 1 insider · 15,625 sh
Sells ($, 12mo)
$440K
2 txns · 2 insiders · 56,400 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-02-18 | BUY | Pham Benjamin | director, officer: Chief Financial Officer | 6,214 | $8.06 | $50K | $50K |
| 2026-02-17 | BUY | Pham Benjamin | director, officer: Chief Financial Officer | 7,900 | $8.23 | $65K | $65K |
| 2026-02-13 | BUY | Beirne Brian Logan | director, officer: Chief Legal Officer | 11,500 | $8.73 | $100K | $133K |
| 2026-01-13 | BUY | Cole Matthew Ryan | director, officer: Chief Executive Officer | 500,000 | $0.92 | $459K | $701K |
| 2025-12-15 | BUY | Cole Matthew Ryan | director, officer: Chief Executive Officer | 515,195 | $0.81 | $416K | $296K |
| 2025-11-05 | BUY | Ramaswamy Vivek | 10 percent owner | 15,625 | $80.00 | $1.25M | $1.25M |
| 2025-06-04 | SELL | Gaubert Michael | director, 10 percent owner, officer: Executive Chairman | 30,000 | $7.44 | $223K | $153K |
| 2025-06-04 | SELL | Krueger Matthew | 10 percent owner, officer: CFO, Treasurer and Secretary | 26,400 | $8.23 | $217K | $41K |
| 2025-05-30 | SELL | Lee Jason Youngsuk | officer: Chief Technology Officer | 4,182 | $8.03 | $34K | $251K |
Order Flow (FINRA, ~3w lag)
39.9%retail-3.7pp
13.3%dark+4.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
STRIVE, INC.: Perpetual Preferred complexity masks a skeletal disclosure profile
Overall Risk
7/10
Fraud
3/10
Dilution
9/10
Insolvency
6/10
Earnings Overstated
5/10
Hidden Liabilities
8/10
Legal
4/10
Audit Warnings
5/10
Hidden Upside
2/10
Contextually Acceptable
3/10