Key Highlights from the Q1 2026 Financial Report

• Daily Dividends on SATA Stock: Strive, Inc. (“Strive”) declared daily dividends on its SATA Stock, reinforcing its commitment to returning value to shareholders.
• Impressive Bitcoin Gains: The company reported a Bitcoin Yield of 4.8% in Q1 2026 and 4.6% quarter-to-date (QTD) as of May 12, 2026 for Q2 2026, reflecting its robust strategy of acquiring and holding Bitcoin.
• Bitcoin Dollar Gains: Strive generated a Bitcoin \$ Gain of \$57.8 million in Q1 2026 and \$50.1 million QTD as of May 12, 2026 in Q2 2026.
• Debt-Free Status: As of May 12, 2026, the company has fully repaid its long-term notes payable at fair value and stands debt-free with zero margin requirements and zero encumbered Bitcoin.
• Capital Raise: The company completed a public offering of its SATA Stock at \$90.00 per share, resulting in net proceeds of approximately \$109.3 million.
• Share Count: As of May 12, 2026, there were 9,870,636 shares of Class A common stock, 4,959,536 shares of SATA Stock outstanding, and 9,776,540 shares of Class B common stock outstanding.

Financial Results and Metrics

• Total Stockholders’ Equity: Reported at \$714.8 million as of March 31, 2026.
• Net Loss Attributable to Common Stockholders: \$(3.7) million for Q1 2026 (\$(4.53) per diluted share).
• Non-GAAP Adjusted Net Loss: \$(3.7) million, which excludes share-based compensation, depreciation/amortization, and other non-cash or non-recurring items.
• Investment Advisory Fees: \$1.35 million recognized as revenue for the quarter.
• Dividends Payable: \$4.65 million as of March 31, 2026.

Strategic and Shareholder Updates

• Merger Transaction: The company highlighted the expected strategic and financial benefits of its merger with Semler Scientific, Inc., including potential positive impacts on Strive’s future financial performance and the integration of the combined businesses.
• Dividend Policy: The company reaffirmed its intentions to adjust the SATA Stock monthly regular dividend rate per annum as necessary, which could influence future shareholder returns.
• Forward-Looking Statements: Management cautioned that forward-looking statements—including those about the merger’s benefits, Bitcoin strategy, and future dividend policy—are subject to risks and uncertainties. Investors should not rely solely on these statements.

Important Considerations for Shareholders

• Price Sensitive Developments:
  • The declaration of daily dividends on SATA Stock and the company’s strong capital raise at a premium price could positively affect share value.
  • The company’s debt-free status and substantial Bitcoin holdings provide a strong balance sheet, but volatility in Bitcoin prices may directly affect future results and stock price.
  • Completion of the merger with Semler Scientific, Inc. could be a catalyst for future growth, integration synergies, and potentially enhanced shareholder value.
• Bitcoin Metrics:
  • Strive uses unique metrics such as Bitcoin Yield, Bitcoin Gain, and Bitcoin \$ Gain to demonstrate the performance of its Bitcoin strategy. These metrics are not traditional financial performance measures and do not reflect GAAP results, but management believes they provide useful insight into accretive capital deployment.
  • These metrics are not a substitute for GAAP results and can both overstate or understate the accretive nature of capital deployment, depending on market conditions and potential future obligations.
• Risks:
  • The company’s Bitcoin-focused strategy exposes shareholders to risks associated with Bitcoin price volatility, potential regulatory changes, and the need to raise capital for obligations (which could require selling Bitcoin or issuing equity).
  • Non-cash losses (such as those from changes in fair value of Bitcoin holdings) may affect reported results, even during periods of positive operational performance.

Management Commentary

“Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility. We’re thrilled to unveil the next chapter for Strive: The Daily Dividend Company.”

— Matthew Cole, Chairman & Chief Executive Officer

Definitions and Non-GAAP Measures

Bitcoin Yield measures the percentage change in Bitcoin per share from the beginning to the end of a period.
Bitcoin Gain expresses the percentage change in Bitcoin holdings as if it reflected an increase in the amount of Bitcoin held.
Bitcoin \$ Gain expresses the Bitcoin Gain as an illustrative dollar value by multiplying the Bitcoin-denominated change by the Bitcoin market price.

These metrics are not equivalent to traditional yield or gain measures, and do not reflect the company’s total economic return, liquidity, or value. They do not account for liabilities, preferred dividends, or potential dilution from additional equity raises.

Conclusion

Strive, Inc.’s Q1 2026 report is notable for its substantial Bitcoin gains, robust capital position, launch of daily dividends, and completion of a major share offering at a premium. The company’s balance sheet strength and strategic merger activity with Semler Scientific, Inc. could serve as catalysts for future share price appreciation—but investors must closely monitor Bitcoin price trends, integration execution, and changes in dividend policy.