Nakamoto Inc. Common Stock (NAKA)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earning power bought at a sensible price, and Nakamoto does not yet offer it. The company, formerly Kindly MD, invests in Bitcoin-native companies and capital-markets infrastructure. Revenue is erratic: in fiscal year 2023 (period ended 2023-12-31), revenue was $3.8M and net loss was $1.6M; in fiscal year 2024 (period ended 2024-12-31), revenue was $2.7M and net loss was $3.6M; in fiscal year 2025 (period ended 2025-12-31), revenue was $1.8M and net loss was $52.2M. In fiscal Q1 2026 (the quarter ended 2026-03-31), revenue was $2.7M and net loss was $238.8M. In fiscal Q2 2026 (the quarter ended 2026-06-30), revenue jumped to $35.9M, but net loss was still $133.0M, a -370.79% margin. That is not a compounding machine; it is a speculative asset portfolio with an income statement that has no consistency. The FairStock figures at the 2026-10-13 close show a P/E of -0.28, P/B of 0.65, ROE of -343.26%, ROCE of -11.21%, and D/E of 0.70. A sub-book price can be a Graham signal, but only if the book value is real and earning power is near. Here the Piotroski F-Score is 4/9 and beta is 15.87, with a 52-week range of $0.16 to $10.52. That tells me the market is pricing volatility, not a moat. I see no evidence of competitive advantage; 33 employees and a Bitcoin-linked portfolio may be agile, but it is not proven durable. For a financial company I would want CET1, net interest margin, or a combined ratio; those are not in the data, so credit and underwriting risk cannot be judged. The Lynch category is none because it lost money in each of the last three years. Growth is an illusion if it consumes capital. I would wait for consistent profits and honest asset values.

In plain English: Nakamoto Inc. invests in Bitcoin-related companies and builds financial market infrastructure. It is not yet a profitable business: it lost money in each of the last three years and had large losses in the first half of 2026. The share price looks low compared with its stated accounting value, but the losses and wild price swings make it hard to call it a safe bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer