Nakamoto operating loss widens to $197.1 million in FY25; revenue falls 33% to $1.8 million

Reuters03-31
Nakamoto operating loss widens to $197.1 million in FY25; revenue falls 33% to $1.8 million
  • Nakamoto posted a net loss before income taxes of $52.2 million for fiscal 2025, compared with $3.6 million a year earlier.
  • Revenue fell 33% to $1.8 million.
  • Operating loss widened to $197.1 million from $3.3 million.
  • Non-operating income totaled $144.9 million, driven by a $226.4 million increase in fair value of a call option to acquire BTC Inc.
  • Strategy shifted toward Bitcoin operations following the Aug. 14, 2025 reverse merger with Nakamoto Holdings; in March 2026, it announced plans to exit legacy healthcare business.


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