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Strive (ASST) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 31, 2025

Strive (ASST) reported revenue of $213K for the fourth quarter 2024 (Q4 2024), +163% from a year earlier and +5% from the quarter before. Operating margin was -928.4%, net loss $2.0M (949.1% of revenue).

Revenue$213K
Year over year+163%
Quarter over quarter+5%
Operating margin-928.4%
Net earnings−$2.0M

Strive, Q4 2024: revenue $213K (+163% year over year), operating margin -928.4%, net loss $2.0M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$213K+5%+163%
Operating profit−$2.0M——
Net earnings−$2.0M——
Operating cash flow−$1.4M——

What changed

Revenue was $213K in Q4 2024, up 163% year over year and up 5% from the previous quarter.

Operating costs exceeded revenue by $2.0M, an operating margin of -928.4%. Total costs grew 53% against revenue growth of 163%. The fastest-growing cost line was Research & development (+357%). The quarter ended with a net loss of $2.0M, wider than the previous quarter's $1.3M loss.

Operating cash flow was −$1.4M. Non-cash charges added back $188K of depreciation and amortization and $302K of share-based compensation. Working capital and other items added $82K. Capital expenditures of $9K exceeded it, leaving free cash flow of −$1.5M.

Questions

What was Strive's revenue in the fourth quarter 2024?

Strive (ASST) reported revenue of $213K for the fourth quarter 2024 (Q4 2024), +163% from a year earlier and +5% from the quarter before.

Was Strive profitable in the fourth quarter 2024?

Operating loss was $2.0M (-928.4% of revenue) and net loss $2.0M.

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Source: Strive 10-K on SEC EDGAR.