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Nakamoto Inc
(NASDAQ:NAKA)
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Rating:43Neutral
Price Target:
$5.50
▼(-20.75% Downside)
Action:Reiterated
Date:10/27/26
NAKA scores low primarily due to very weak financial performance—deep losses and ongoing negative operating/free cash flow—despite strong top-line growth. Technicals add downside pressure with a bearish trend and negative MACD. Valuation is difficult to support because losses drive a negative P/E and there is no provided dividend yield.
Positive Factors
Revenue Growth
The very large TTM revenue increase indicates substantial top-line expansion and potential for the business to build operating scale. Although current losses prevent this growth from translating into earnings, continued revenue development could improve fixed-cost absorption if profitability improves.
Negative Factors
Severe Unprofitability
Extremely negative operating, EBITDA, and net margins show that revenue growth is not currently producing viable earnings. The history of persistent and widening losses after 2021 points to weak cost control and makes near-term improvement in earnings quality a substantial challenge.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The very large TTM revenue increase indicates substantial top-line expansion and potential for the business to build operating scale. Although current losses prevent this growth from translating into earnings, continued revenue development could improve fixed-cost absorption if profitability improves.
Read all positive factors
Nakamoto Inc (NAKA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$104.86M
Dividend YieldN/A
Average Volume (3M)208.86K
Price to Earnings (P/E)―
Beta (1Y)4.37
Revenue Growth1658.09%
EPS Growth-3.49%
CountryUS
Employees65
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-35.85
Shares Outstanding17,894,943
10 Day Avg. Volume186,496
30 Day Avg. Volume208,858
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.31
Price to Sales (P/S)87.61
P/FCF Ratio-6.72
Enterprise Value/Market Cap2.14
Enterprise Value/Revenue5.70
Enterprise Value/Gross Profit40.12
Enterprise Value/Ebitda-0.53
Forecast
1Y Price Target
$13.33Price Target Upside92.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-7.89
Revenue Forecast (FY)$64.10M
Nakamoto Inc Business Overview & Revenue Model
Company Description
Nakamoto Inc. develops and invests in a global portfolio of Bitcoin-native companies. The company provides commercial and financial infrastructure for the capital markets. The company was formerly known as Kindly MD, Inc. and change its name to Na...
Nakamoto Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.38M | 1.82M | 2.72M | 3.77M | 3.79M | 2.50M |
| Gross Profit | 5.60M | -9.27M | -842.57K | 3.54M | 3.63M | 914.92K |
| EBITDA | -420.62M | -44.93M | -3.00M | -1.36M | -2.42M | 124.74K |
| Net Income | -420.55M | -52.23M | -3.62M | -1.62M | -2.54M | 149.34K |
Balance Sheet | ||||||
| Total Assets | 422.51M | 730.61M | 3.68M | 1.10M | 947.00K | 447.64K |
| Cash, Cash Equivalents and Short-Term Investments | 19.07M | 22.58M | 2.27M | 525.50K | 186.92K | 94.69K |
| Total Debt | 164.70M | 209.92M | 783.68K | 636.38K | 391.13K | 109.81K |
| Total Liabilities | 186.10M | 216.35M | 1.11M | 1.21M | 565.98K | 174.56K |
| Stockholders Equity | 236.41M | 514.26M | 2.57M | -108.41K | 381.01K | 273.09K |
Cash Flow | ||||||
| Free Cash Flow | -45.64M | -23.75M | -3.48M | -463.91K | -457.77K | 57.84K |
| Operating Cash Flow | -45.13M | -23.51M | -3.07M | -449.49K | -140.38K | 121.44K |
| Investing Cash Flow | -643.20M | -680.02M | -401.63K | -14.42K | -317.39K | -63.60K |
| Financing Cash Flow | 705.03M | 723.85M | 5.22M | 802.49K | 550.00K | -45.34K |
Nakamoto Inc Technical Analysis
Negative
6.94
Price Trends
8.21
Negative
6.35
Negative
7.98
Negative
Market Momentum
-0.50
Positive
33.86
Neutral
12.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NAKA, the sentiment is Negative. The current price of 6.94 is below the 20-day moving average (MA) of 7.90, below the 50-day MA of 8.21, and below the 200-day MA of 7.98, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 33.86 is Neutral, neither overbought nor oversold. The STOCH value of 12.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NAKA.
Nakamoto Inc Risk Analysis
Nakamoto Inc disclosed 135 risk factors in its most recent earnings report. Nakamoto Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nakamoto Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $910.65M | -8.96 | -27.33% | ― | 43.69% | -3.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | $1.20B | -8.24 | -29.02% | ― | ― | -23.53% | |
45 Neutral | $1.06B | -8.08 | 1893.60% | 5.23% | -100.00% | 19.23% | |
43 Neutral | $104.86M | -0.16 | -105.45% | ― | 1658.09% | -3.49% | |
40 Underperform | $30.04M | -0.09 | -135.81% | ― | -94.63% | -39.78% |
* General Sector Average
NAKA
Nakamoto Inc
5.86
-31.32
-84.24%
EYPT
EyePoint Pharmaceuticals
0.35
-12.74
-97.34%
INBX
Inhibrx Biosciences Inc
71.78
-9.88
-12.10%
RAPP
Rapport Therapeutics, Inc.
25.05
-3.88
-13.41%
BBNX
Beta Bionics, Inc.
16.75
-10.47
-38.46%
Nakamoto Inc Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Nakamoto appoints Odyssey as new transfer and warrant agent
Neutral
Oct 6, 2026
On October 1, 2026, Nakamoto Inc. replaced VStock Transfer, LLC with Odyssey Transfer and Trust Company as warrant agent under an Amended and Restated Warrant Agent Agreement that fully supersedes the prior arrangement and aligns warrant documenta...
Business Operations and StrategyExecutive/Board Changes
Nakamoto Inc Announces Executive Leadership Transition and Separation
Neutral
Aug 4, 2026
On August 3, 2026, Nakamoto Inc. announced that Tim Pickett resigned from all his roles with the company and its affiliates, including director, Chief Medical Officer, and Chief Executive Officer of Kindly LLC, with the company stating his departu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.