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
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 |