S
Strive, Inc.
SATACIK 0001920406NasdaqEmerging GrowthFinance ServicesNevadaFY ends Dec 31
Period
FY 2024
Revenue
$633.5K
Net Income
$-21.58M
Total Assets
$3.22M
Equity
$2.79M
Shares Out
1.68M
Op. Cash Flow
$-4.90M
Business
Strive, Inc. is a technology company that provides social media marketing, community design, and content delivery services centered on Discord and other social platforms. It offers Discord-based investment education and entertainment communities, white-label social media and marketing campaigns, AE.360.DDM design-develop-manage Discord services, and Ternary v2, a Stripe-verified SaaS subscription management and payment processing platform with CRM tools. Its principal business segments are Discord investment education/entertainment, social media and marketing services, and AE.360.DDM brand services (including Ternary v2). The company distributes content and services through Discord, TikTok, X, Instagram, YouTube and direct client engagements, targeting primarily Generation Z users and businesses seeking to reach that market.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|
| Total revenues | 4 | — | — | — | |
| Fund management and administration | 5 | — | — | — | |
| Employee compensation and benefits | 9 | 176,773 | 155,232 | 160,251 | |
| General and administrative expense | 11 | 2 | 462,971 | 119,369 | |
| Marketing and advertising | 862,000 | — | — | — | |
| Depreciation and amortization | 192,000 | — | — | — | |
| Total operating expenses | 26 | 5 | 988,361 | 814,747 | |
| Net unrealized loss on digital assets, at fair value | 0 | — | — | — | |
| Other derivative loss | 0 | — | — | — | |
| Net investment gains/(losses) | 0 | — | — | — | |
| Net operating loss | −23 | −5 | −645,255 | 14,871 | |
| Other income | 795,000 | — | — | — | |
| Transaction costs | 0 | — | — | — | |
| Gain on lease remeasurement | 279,000 | — | — | — | |
| Goodwill and intangible asset impairment | 0 | — | — | — | |
| Total other income/(expense) | 1 | — | — | — | |
| Net loss before income taxes | −22 | −5 | — | — | |
| Income tax benefit/(expense) | 0 | — | — | — | |
| Net loss | −22 | −5 | −645,255 | 14,871 | |
| Dividends on preferred stock | 0 | — | — | — | |
| Net loss attributable to common stockholders | −22 | −5 | — | — | |
| Net loss attributable to common stockholders | −22 | — | — | — | |
| Basic (in shares) | 2 | 3 | 10 | 10 | |
| Diluted (in shares) | 2 | 3 | 10 | 10 | |
| Basic (in USD per share) | −9.75 | −1.85 | −0.06 | 0 | |
| Diluted (in USD per share) | −9.75 | −1.85 | −0.06 | 0 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-08-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 67 | — | 6 | — | 137,177 | |
| Short-term investments | 0 | — | 17 | — | — | |
| Prepaid expenses | 3 | — | 351,000 | 38,681 | — | |
| Other current assets | 2 | — | 500,000 | — | — | |
| Total current assets | 72 | — | 24 | 3 | 373,021 | |
| Digital assets, at fair value | 668 | — | 0 | — | — | |
| Property and equipment, net | 778,000 | — | 951,000 | 12,825 | — | |
| Intangible assets, net | 400,000 | — | 200,000 | 100,000 | — | |
| Right-of-use lease assets | 4 | — | 2 | — | — | |
| Other non-current assets | 95,000 | — | 2 | — | — | |
| Total assets | 746 | — | 28 | 3 | 373,021 | |
| Compensation and benefits payable | 164,000 | — | 1 | — | — | |
| Accounts payable and other liabilities | 9 | — | 2 | — | — | |
| Dividends payable | 2 | — | 0 | 0 | — | |
| Total current liabilities | 11 | — | 3 | 153,541 | 219,238 | |
| Operating lease liabilities | 4 | — | 2 | — | — | |
| Total liabilities | 14 | — | 5 | 153,541 | 219,238 | |
| Total mezzanine equity | 149 | 0 | 0 | — | — | |
| Additional paid-in capital | 1,056 | — | 0 | 9 | 779,826 | |
| Accumulated deficit | −474 | — | −49 | −6 | −627,118 | |
| Total stockholders equity | 582 | −4 | 23 | 16 | 153,783 | |
| Total liabilities, mezzanine equity, and stockholders' equity | 746 | — | 28 | 3 | 373,021 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | — | 192,000 | — | — | — | |
| Accretion of discount on investments, net | — | −14,000 | — | — | — | |
| Reduction in carrying amount of right-of-use assets | — | 68,000 | — | — | — | |
| Share-based compensation expense | — | 0 | 1 | — | — | |
| Non-cash transaction expenses | — | 0 | — | — | — | |
| Prepaid expenses | — | 13,000 | −38,681 | — | — | |
| Other current assets | — | −354,000 | — | — | — | |
| Other non-current assets | — | −1 | — | — | — | |
| Compensation and benefits payable | — | 896,000 | — | — | — | |
| Accounts payable and other liabilities | — | 927,000 | — | — | — | |
| Net cash used in operating activities | — | −22 | −4 | −602,829 | 23,370 | |
| Purchases of digital assets, at fair value | — | 0 | — | — | — | |
| Purchases of intangible assets | — | 0 | −100,000 | — | — | |
| Purchases of property and equipment | — | −24,000 | −13,559 | — | — | |
| Cash acquired through business combination | — | 0 | — | — | — | |
| Purchases of short-term investments | — | −32 | — | — | — | |
| Proceeds from short-term investments | — | 29 | — | — | — | |
| Net cash provided by (used in) investing activities | — | −3 | −113,559 | — | — | |
| Proceeds from issuance of Class A common stock | — | 0 | 7 | 754,925 | — | |
| Proceeds from issuance of pre-funded warrants | — | 0 | — | — | — | |
| Proceeds from warrant exercises | — | 0 | — | — | — | |
| Payment of issuance costs | — | 0 | — | — | — | |
| Proceeds from issuance of preferred stock | — | 29 | — | — | — | |
| Preferred stock dividends paid | — | 0 | — | — | — | |
| Payment of withholding tax on vesting of restricted stock | — | 0 | — | — | — | |
| Redemption of preferred stock | — | −85,000 | — | — | — | |
| Net cash provided by (used in) financing activities | — | 29 | 7 | 706,275 | — | |
| Net increase (decrease) in cash and cash equivalents | — | 4 | — | — | — | |
| Cash paid during the period for interest expense | 0 | 0 | 0 | — | — | |
| Cash paid during the period for income taxes | 0 | 0 | 0 | — | — | |
| Accrued but unpaid financing offering costs | — | 0 | — | — | — | |
| Class A common stock exchanged for digital assets | — | 0 | — | — | — | |
| Class A common stock issued as part of business combination | — | 0 | — | — | — | |
| Prepaid expenses | — | 0 | — | — | — | |
| Goodwill | — | 0 | — | — | — | |
| Intangible assets | — | 0 | — | — | — | |
| Other non-current assets | — | 0 | — | — | — | |
| Accounts payable and other liabilities | — | 0 | — | — | — |
Filings
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