Strive, Inc. Variable Rate Series A Perpetual Preferred Stock (SATA) is listed on NASDAQ and operates in the Asset Management industry (Financial Services sector).
A perpetual preferred stock issued by Strive, Inc., with a stated amount of US $100 per share, an initial liquidation preference of US $100 per share, and accumulating cumulative dividends at a variable rate (initially set at 12.00% per annum) payable monthly when declared. The proceeds of the offering are to be used to purchase Bitcoin and for general corporate purposes.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 0 |
| Hold | 0 |
| Sell | 0 |
| Strong Sell | 0 |
Strive, Inc. offers a Variable Rate Series A Perpetual Preferred Stock within the financial services sector, specifically in asset management. This stock is issued with a stated amount and an initial liquidation preference of US $100 per share. It features accumulating cumulative dividends at a variable rate, initially set at 12.00% per annum, which are payable monthly when declared. The funds raised from this offering are intended for the acquisition of Bitcoin and to support general corporate purposes. This financial instrument provides investors with a potential income stream through its dividend payments, subject to the company's declaration. The perpetual nature of the stock means it does not have a maturity date, allowing for ongoing investment in the company's strategic initiatives. Strive, Inc. utilizes this preferred stock as a means to raise capital for its operations and investment activities, aligning with its broader asset management objectives.
Over the past three fiscal years, the company has demonstrated significant revenue growth, with a compound annual growth rate (CAGR) of 53.0%, increasing from $2.45 million in 2023 to $5.73 million in 2025. Despite this robust top-line expansion, profitability remains a challenge. The gross margin improved by 5.2 percentage points, turning positive from -4.2% in 2023 to 1.0% in 2025, indicating some improvement in cost management. However, the operating margin showed inconsistency, slightly deteriorating from -7.4% to -7.6%, while the net margin improved by 3.1 percentage points, ending at -3.8%. This suggests that while the company is making strides in reducing net losses, operational efficiencies are yet to be fully realized. Cash flow generation remains a concern, with both operating cash flow (OCF) and free cash flow (FCF) consistently negative, ending at -$21.6 million and -$21.6 million, respectively, in 2025. However, the free cash flow margin improved by 3.3 percentage points, indicating a gradual improvement in cash flow efficiency relative to revenue. The company's net debt position has significantly improved, transitioning from a net debt of $0.8 million in 2023 to a net cash position of $63.9 million in 2025, reflecting a strengthened balance sheet. Despite these challenges, the company's liquidity is robust, with a current and quick ratio of 6.7, indicating a strong ability to meet short-term obligations.
Recent news for Strive, Inc. centers around a strategic financial initiative. On January 21, 2026, Strive announced a proposed follow-on offering of SATA stock, involving 25% Convertible Senior Notes due 2030, issued by its wholly-owned subsidiary, Semler Scientific, Inc. The company plans to utilize the net proceeds from this offering, along with existing cash reserves, and potentially from terminating existing capped call transactions related to outstanding notes. This move is part of Strive's broader strategy to optimize its financial structure and support future growth initiatives. The offering is guaranteed by Strive under an indenture agreement dated January 28, 2025. This development reflects Strive's proactive approach to managing its capital resources and enhancing its financial flexibility.