Filing Flows › Nakamoto (NAKA) › Q2 2025
Nakamoto (NAKA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Nakamoto (NAKA) reported revenue of $409K for the second quarter 2025 (Q2 2025), -36% from a year earlier and -30% from the quarter before. Operating margin was -585.4%, net loss $2.4M (590.9% of revenue).
Nakamoto, Q2 2025: revenue $409K (-36% year over year), operating margin -585.4%, net loss $2.4M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $409K | -30% | -36% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $409K in Q2 2025, down 36% year over year and down 30% from the previous quarter. Patient Care Services was the largest line at 100% of revenue. Patient Care Services lost $201K year over year (down 33%), 87% of the total change.
Operating costs exceeded revenue by $2.4M, an operating margin of -585.4%. Total costs grew 67% against a revenue fall of 36%. The fastest-growing cost line was General & admin (+153%). The quarter ended with a net loss of $2.4M, wider than the previous quarter's $1.0M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $15K of depreciation and $567K of share-based compensation.
Questions
What was Nakamoto's revenue in the second quarter 2025?
Nakamoto (NAKA) reported revenue of $409K for the second quarter 2025 (Q2 2025), -36% from a year earlier and -30% from the quarter before.
Was Nakamoto profitable in the second quarter 2025?
Operating loss was $2.4M (-585.4% of revenue) and net loss $2.4M.
Source: Nakamoto 10-Q on SEC EDGAR.