Nakamoto (NAKA) Operating Expenses (2024 - 2026)
Nakamoto's Operating Expenses came in at $184.95 million for Q2 2026, compared with $2.8 million a year earlier and up 43.5% from the prior quarter.
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Analysis
Nakamoto (NAKA) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nakamoto reported Operating Expenses of $508.34 million; for FY2025, it came in at $198.96 million.
- Going back by year, Operating Expenses was $6.07 million in FY2024.
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2024.
- Business Quant data shows NAKA's Operating Expenses at $128.85 million (Q1 2026), $183.75 million (Q4 2025) and $10.79 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 177.12 Bn | 123.25 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 137.12 Bn | -420.88 Bn | - | 149.76 Mn |
| 3 | Blackstone | 87.84 Bn | 77.82 Bn | - | 2.38 Bn |
| 4 | Brookfield | 84.65 Bn | -98.67 Bn | - | 14.94 Bn |
| 5 | Kkr | 80.53 Bn | 672.44 Mn | - | 5.41 Bn |
| 6 | Brookfield Asset Management | 73.61 Bn | 68.42 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 66.36 Bn | -16.43 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 59.66 Bn | 55.09 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 46.70 Bn | 44.06 Bn | 451.00 Mn | 5.30 Mn |
| 10 | Nakamoto | 171.40 Mn | 71.77 Mn | 20.74 Mn | 184.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Nakamoto Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NAKA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NAKA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NAKA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();