Contents and sources 1 sections
Key points
- Strive reported diluted earnings of $5.24 per share for the quarter ended September 30, while its nine-month net loss was about $14.48 million.
Quarterly profit, nine-month loss
Strive released its results at 13:00 UTC on November 6, reporting approximately $509 million in GAAP net income and diluted earnings of $5.24 per share for the third quarter ended September 30. Net unrealized gains on digital assets measured at fair value were approximately $534 million. These gains reflect changes in carrying value, rather than cash received from asset sales.[1][2]
After preferred-stock dividends, third-quarter net income attributable to common stockholders was approximately $475 million. For January through September, however, the company reported a net loss of approximately $14.48 million; the quarterly profit did not erase its cumulative loss.[1][2]
Sources & further reading
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