secwatch.observer — SEC 8-K summary
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Issuer:     Nakamoto Inc. (NAKA)
CIK:        0001946573
Form:       8-K
Filed at:   2026-08-14T20:42:43+00:00
Accession:  0001493152-26-038468
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nakamoto Q2 2026: Revenue $35.9M, net loss $133M, adjusted op income $7.3M
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- Total operating revenue $35.9M: $25.6M from media/asset mgmt, $10.4M from Bitcoin treasury/derivatives.
- GAAP operating loss $149.1M incl. $105.2M goodwill impairment and $48.7M mark-to-market losses; net loss $133.0M ($6.65/diluted share).
- Adjusted operating income $7.3M, first positive since becoming Bitcoin operating company; Bitcoin 2026 revenue $22.6M vs $13.1M at Bitcoin 2023.
- Reduced debt by ~$45M USDT, extended ~$105M to June 30, 2027; held 4,467 BTC ($261.5M fair value) at quarter-end.
- Board authorized $25M share repurchase; CIO Tyler Evans appointed to Board; healthcare clinics closed June 19, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946573/000149315226038468/0001493152-26-038468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946573/000149315226038468/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-038468

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