Nakamoto (NAKAW) Operating Expenses (2024 - 2026)
Nakamoto (NAKAW) reported 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% on a QoQ basis from $183.7 million in Q4 2025.
Nakamoto (NAKAW) has 3 years of Operating Expenses data on file, last reported at $128.8 million in Q1 2026.
- Quarterly Operating Expenses rose 7843.77% year-over-year to $128.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $326.2 million (up 4825.47% YoY) and the FY2025 annual result came in at $199.0 million, up 3179.6% from the prior year.
- Operating Expenses fell to $128.8 million in Q1 2026 per NAKAW'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.
- The 3-year median for Operating Expenses is $1.7 million (2024), against an average of $37.1 million.
- Peak annual rise in Operating Expenses reached 11196.84% in 2025, while the deepest fall reached 52.14% in 2025.
- Tracing NAKAW's Operating Expenses over 3 years: stood at $1.6 million in 2024, then soared by 11196.84% to $183.7 million in 2025, then decreased by 29.88% to $128.8 million in 2026.
- Per Business Quant, the three latest NAKAW Operating Expenses figures stand at $128.8 million (Q1 2026), $183.7 million (Q4 2025), and $10.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 3.29 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 656.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 381.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 242.35 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 4.45 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 81.75 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 330.51 Mn |
| 10 | Nakamoto | - | - | 1.38 Mn | 128.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |