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Nakamoto Inc
(NASDAQ:NAKA)
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Rating:43Neutral
Price Target:
$5.00
▲(2.67% Upside)
Action:Reiterated
Date:06/12/26
The score is held down primarily by weak financial performance (large losses and sustained cash burn) and bearish technicals (below major moving averages with negative MACD). Corporate actions are moderately supportive (reduced financing costs, buyback, and regained compliance), but not enough to offset the current profitability and cash-flow risks; valuation signals are constrained by negative earnings and no dividend.
Positive Factors
Debt restructuring lowered financing costs and extended maturities
The June 2026 loan restructuring extended maturities into mid-2027 and reduced annual interest expense, creating a clearer near-term funding runway. Lower financing costs and deferred principal compress refinancing risk over the next 6–12 months and free up cash to stabilize operations while management executes operational fixes.
Negative Factors
Sustained negative operating and free cash flow
Persistent cash burn at scale creates an ongoing funding requirement and heightens dependence on external financing or asset monetization. Negative OCF and FCF reduce runway, limit reinvestment capacity, and raise the probability of dilutive financings or constrained growth if operating performance does not materially improve within months.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt restructuring lowered financing costs and extended maturities
The June 2026 loan restructuring extended maturities into mid-2027 and reduced annual interest expense, creating a clearer near-term funding runway. Lower financing costs and deferred principal compress refinancing risk over the next 6–12 months and free up cash to stabilize operations while management executes operational fixes.
Read all positive factors
Nakamoto Inc (NAKA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$87.71M
Dividend YieldN/A
Average Volume (3M)30.98M
Price to Earnings (P/E)―
Beta (1Y)4.07
Revenue Growth58.66%
EPS Growth-47.90%
CountryUS
Employees65
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-29.55
Shares Outstanding17,402,140
10 Day Avg. Volume32,220,503
30 Day Avg. Volume30,978,537
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.31
Price to Sales (P/S)87.61
P/FCF Ratio-6.72
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$16.00Price Target Upside228.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-6.17
Revenue Forecast (FY)$41.83M
Nakamoto Inc Business Overview & Revenue Model
Company Description
Nakamoto Inc. develops and invests in a global portfolio of Bitcoin-native companies. The company provides commercial and financial infrastructure for the capital markets. The company was formerly known as Kindly MD, Inc. and change its name to Na...
How the Company Makes Money
null...
Nakamoto Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.92M | 1.82M | 2.72M | 3.77M | 3.79M | 2.50M |
| Gross Profit | -14.74M | -9.27M | -842.57K | 3.54M | 3.63M | 914.92K |
| EBITDA | -276.76M | -44.93M | -3.00M | -1.36M | -2.42M | 124.74K |
| Net Income | -289.97M | -52.23M | -3.62M | -1.62M | -2.54M | 149.34K |
Balance Sheet | ||||||
| Total Assets | 620.76M | 730.61M | 3.68M | 1.10M | 947.00K | 447.64K |
| Cash, Cash Equivalents and Short-Term Investments | 35.30M | 22.58M | 2.27M | 525.50K | 186.92K | 94.69K |
| Total Debt | 209.74M | 209.92M | 783.68K | 636.38K | 391.13K | 109.81K |
| Total Liabilities | 253.69M | 216.35M | 1.11M | 1.21M | 565.98K | 174.56K |
| Stockholders Equity | 367.07M | 514.26M | 2.57M | -108.41K | 381.01K | 273.09K |
Cash Flow | ||||||
| Free Cash Flow | -45.99M | -23.75M | -3.48M | -463.91K | -457.77K | 57.84K |
| Operating Cash Flow | -45.93M | -23.51M | -3.07M | -449.49K | -140.38K | 121.44K |
| Investing Cash Flow | -643.29M | -680.02M | -401.63K | -14.42K | -317.39K | -63.60K |
| Financing Cash Flow | 723.38M | 723.85M | 5.22M | 802.49K | 550.00K | -45.34K |
Nakamoto Inc Technical Analysis
Positive
4.87
Price Trends
4.41
Positive
6.27
Negative
12.06
Negative
Market Momentum
0.15
Negative
55.92
Neutral
69.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NAKA, the sentiment is Positive. The current price of 4.87 is above the 20-day moving average (MA) of 4.72, above the 50-day MA of 4.41, and below the 200-day MA of 12.06, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 55.92 is Neutral, neither overbought nor oversold. The STOCH value of 69.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NAKA.
Nakamoto Inc Risk Analysis
Nakamoto Inc disclosed 135 risk factors in its most recent earnings report. Nakamoto Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nakamoto Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | $2.25B | -16.06 | -29.02% | ― | ― | -23.53% | |
52 Neutral | $737.83M | -9.76 | -26.30% | ― | 52.54% | 2.69% | |
51 Neutral | $1.13B | -3.49 | -135.81% | ― | -94.63% | -39.78% | |
50 Neutral | $1.37B | -11.01 | -563.89% | ― | 550.00% | -107.04% | |
43 Neutral | $87.71M | -0.17 | -84.79% | ― | 58.66% | -47.90% |
* General Sector Average
NAKA
Nakamoto Inc
5.00
-438.60
-98.87%
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13.05
2.30
21.40%
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92.38
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321.44%
RAPP
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214.16%
BBNX
Beta Bionics, Inc.
17.62
3.40
23.91%
Nakamoto Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Nakamoto Inc Announces Executive Leadership Transition and Separation
Neutral
Aug 4, 2026
On August 3, 2026, Nakamoto Inc. announced that Tim Pickett resigned from all his roles with the company and its affiliates, including director, Chief Medical Officer, and Chief Executive Officer of Kindly LLC, with the company stating his departu...
Business Operations and StrategyStock BuybackDelistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Kindly MD Announces New Loan Terms and Buyback Plan
Positive
Jun 11, 2026
On June 5, 2026, Nakamoto Inc., through its subsidiary, restructured its borrowing under a Master Loan Agreement with Kraken by replacing an earlier loan with a 210,000,000 USDT facility secured by Bitcoin, then selling roughly 600 Bitcoin and rel...
Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
Kindly MD Implements Reverse Stock Split and Governance Updates
Neutral
May 22, 2026
On May 21, 2026, Nakamoto Inc.’s board expanded from six to seven members and appointed Chief Investment Officer Tyler Evans as a Class II director through the 2026 annual meeting, without additional board compensation or committee roles. Th...
Shareholder MeetingsStock Split
Kindly MD Shareholders Approve Reverse Stock Split Authorization
Positive
May 12, 2026
On May 8, 2026, Nakamoto Inc. held a special meeting of stockholders at which 502,263,305 shares of common stock were represented in person or by proxy out of 690,018,254 entitled to vote, establishing a strong quorum for corporate governance deci...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.