Nakamoto (NAKA) Gross Margin (2024 - 2026)
Nakamoto (NAKA) reported Gross Margin of 85.56% for Q1 2026, down 1306.0% year-over-year from 7.09% in Q1 2025, and down 13.99% on a QoQ basis from 99.48% in Q3 2025.
Nakamoto (NAKA) has 3 years of Gross Margin data on file, last reported at 85.56% in Q1 2026.
- Quarterly Gross Margin fell 1306.0% year-over-year to 85.56% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 95.98% (down 66.0% YoY) and the FY2024 annual result came in at 96.96%, changed N/A from the prior year.
- Gross Margin declined to 85.56% in Q1 2026 per NAKA's latest filing, from 99.48% in the prior quarter.
- Across five years, Gross Margin topped out at 99.48% in Q3 2025 and bottomed at 85.56% in Q1 2026.
- The 3-year median for Gross Margin is 98.71% (2024), against an average of 96.14%.
- The widest annual swing landed in 2025, when Gross Margin surged 784 bps; it then tumbled 1306 bps in 2026.
- Tracing NAKA's Gross Margin over 3 years: stood at 99.12% in 2024, then advanced by 0 bps to 99.48% in 2025, then dropped by 14 bps to 85.56% in 2026.
- Per Business Quant, the three latest NAKA Gross Margin figures stand at 85.56% (Q1 2026), 99.48% (Q3 2025), and 98.15% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Nakamoto | 3.34 Mn | -40.14 Mn | 1.38 Mn | 85.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |