Nakamoto NAKA
NASDAQ NAKA
$9.17 +0.67 (+7.88%)
At close: Sep 18, 2026 · 4:00 PM EDT

Nakamoto (NAKA) Operating Expenses (2024 - 2026)

Nakamoto's (NAKA) quarterly Operating Expenses came in at $184.9 million in Q2 2026, up 6505.24% year-over-year from $2.8 million in Q2 2025, and up 43.54% quarter-over-quarter from $128.8 million in Q1 2026.

Analysis

Nakamoto (NAKA) Operating Expenses (2024 - 2026) Analysis & Trends

Nakamoto (NAKA) has reported Operating Expenses for 3 consecutive years, with $184.9 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 6505.24% year-over-year to $184.9 million in Q2 2026; TTM through Jun 2026 was $508.3 million, a 6462.36% increase from a year earlier, with the FY2025 full-year figure at $199.0 million, up 3179.6% from the prior year.
  • Operating Expenses was $184.9 million for Q2 2026 at Nakamoto, up from $128.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $184.9 million in Q2 2026 and troughed at $1.1 million in Q1 2024.
  • A 3-year average of $51.9 million and a median of $2.2 million in 2024 frame the typical range for Operating Expenses.
  • The widest YoY moves for Operating Expenses: up 11196.84% in 2025, down 52.14% in 2025.
  • Over 3 years, Operating Expenses stood at $1.6 million in 2024, then jumped by 11196.84% to $183.7 million in 2025, then rose by 0.65% to $184.9 million in 2026.
  • The last three Operating Expenses figures came in at $184.9 million (Q2 2026), $128.8 million (Q1 2026), and $183.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Blackstone 94.04 Bn 96.47 Bn - 2.38 Bn
2 Kkr 88.71 Bn -188.36 Bn - 5.41 Bn
3 Brookfield 84.30 Bn 53.74 Bn 19.38 Bn -14.94 Bn
4 Brookfield Asset Management 73.57 Bn 73.30 Bn - 659.00 Mn
5 Apollo Global Management 72.51 Bn 67.61 Bn 10.54 Bn 8.74 Bn
6 Wheaton Precious Metals 68.51 Bn 68.41 Bn 687.86 Mn 133.83 Mn
7 Franco Nevada 51.37 Bn 49.83 Bn 451.00 Mn 5.30 Mn
8 Ares Management 44.61 Bn 49.53 Bn - 1.18 Bn
9 Tpg 18.17 Bn 19.73 Bn - 1.50 Bn
10 Nakamoto 164.10 Mn 145.02 Mn 20.74 Mn 184.95 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 184.95 Mn
Mar 31, 2026 128.85 Mn
Dec 31, 2025 183.75 Mn
Sep 30, 2025 10.79 Mn
Jun 30, 2025 2.80 Mn
Mar 31, 2025 1.62 Mn
Dec 31, 2024 1.63 Mn
Sep 30, 2024 1.70 Mn
Jun 30, 2024 1.68 Mn
Mar 31, 2024 1.07 Mn