Nakamoto (NAKA) Operating Expenses (2024 - 2026)
Nakamoto (NAKA) posted quarterly Operating Expenses of $128.8 million for Q1 2026, up 7843.77% year-over-year from $1.6 million in Q1 2025, and down 29.88% quarter-over-quarter from $183.7 million in Q4 2025.
Nakamoto (NAKA) Operating Expenses (2024 - 2026) Analysis & Trends
Nakamoto (NAKA) has reported Operating Expenses for 3 consecutive years, with $128.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 7843.77% year-over-year to $128.8 million; the TTM figure through Mar 2026 stood at $326.2 million (up 4825.47% YoY), while the FY2025 annual figure was $199.0 million, up 3179.6% from the prior year.
- Operating Expenses slipped to $128.8 million in Q1 2026 per NAKA's latest filing, from $183.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $183.7 million in Q4 2025 and bottomed at $1.1 million in Q1 2024.
- Historically, Operating Expenses has averaged $37.1 million across 3 years, with a median of $1.7 million in 2024.
- On a YoY basis, Operating Expenses climbed as much as 11196.84% in 2025 and fell as far as 52.14% in 2025.
- Nakamoto's Operating Expenses stood at $1.6 million in 2024, then soared by 11196.84% to $183.7 million in 2025, then declined by 29.88% to $128.8 million in 2026.
- Business Quant data shows NAKA's Operating Expenses at $128.8 million in Q1 2026, $183.7 million in Q4 2025, and $10.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Nakamoto | 143.30 Mn | 124.23 Mn | 20.74 Mn | 184.95 Mn |
Historic Data
Download 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 |