Nakamoto Inc. (NASDAQ: NAKA) issued a Form 8-K on November 12, 2026, reporting its financial and operating results for the fiscal quarter ended September 30, 2026. The company reported a net income of $85.5 million, or $4.07 per diluted share, for the period.
Financial results for the quarter included total operating revenue of $(1.9) million. This figure included $3.9 million from operating businesses and $(5.8) million of net derivative revenue. The net derivative loss reflected the rise in the price of Bitcoin during the quarter, which reduced the value of the company's derivative positions. However, the company recorded a GAAP operating income of $91.9 million, driven primarily by a $110.4 million gain on the change in fair value of digital assets.
On the balance sheet, Nakamoto held 4,283 Bitcoin with an aggregate fair value of approximately $357.9 million as of September 30, 2026. The company reported cash and cash equivalents of $19.4 million and total debt of $164.9 million.
Operational highlights for the quarter included the launch of Bitcoin Magazine TV (BMTV) on September 14, which expanded the company's media business into daily live coverage. The company also held Bitcoin Asia 2026 in Hong Kong on August 27–28 and announced Intelligence 2027 (i27), an event focused on AI scheduled for April 22–23, 2027, in San Francisco.
In asset management, UTXO Management GP, LLC launched UTXO Preferred Income Strategies LP on July 1, 2026, expanding its capabilities into structured credit. As of September 30, 2026, UTXO managed approximately $118 million in assets.
Subsequent to quarter end, on November 11, 2026, the company amended its loan facility with Kraken. The amendment extended the maturity of 60.0 million USDT from December 4, 2026, to December 4, 2027. Following this change, 105.0 million USDT matures on June 30, 2027, and 60.0 million USDT matures on December 4, 2027, leaving no scheduled principal due in 2026.
