Nakamoto (NAKA) Gross Margin (2024 - 2026)

Nakamoto (NAKA) posted quarterly Gross Margin of 85.56% for Q1 2026, down 1306.0% YoY from 7.09% in Q1 2025, and down 13.99% sequentially from 99.48% in Q3 2025.

Nakamoto (NAKA) Gross Margin (2024 - 2026) Analysis & Trends

Nakamoto has disclosed Gross Margin across 3 years of filings, most recently posting 85.56% for Q1 2026.

  • In Q1 2026, Gross Margin fell 1306.0% year-over-year to 85.56%; the TTM figure through Mar 2026 stood at 95.98% (down 66.0% YoY), while the FY2024 annual figure was 96.96%, changed N/A from the prior year.
  • Gross Margin fell to 85.56% in Q1 2026, from 99.48% in the prior quarter.
  • Over the last five years, Gross Margin for NAKA reached as high as 99.48% in Q3 2025 and fell as low as 85.56% in Q1 2026.
  • The 3-year median for Gross Margin is 98.71% (2024), against an average of 96.14%.
  • Annual changes were most pronounced in 2025 — Gross Margin jumped 784 bps — and 2026, when it tumbled 1306 bps.
  • A 3-year view of Gross Margin shows it stood at 99.12% in 2024, then grew by 0 bps to 99.48% in 2025, then fell by 14 bps to 85.56% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 85.56%, 99.48%, and 98.15% for Q1 2026, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 206.12%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 89.97%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 84.10%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 99.97%
10 Nakamoto 63,806.32 -43.42 Mn 1.38 Mn 85.56%

Historic Data

Download Data
DateValue
Mar 31, 2026 85.56%
Sep 30, 2025 99.48%
Jun 30, 2025 98.15%
Mar 31, 2025 98.62%
Dec 31, 2024 99.12%
Sep 30, 2024 98.80%
Jun 30, 2024 90.31%
Mar 31, 2024 99.07%