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Strive, Inc.

For the period ended Sep 30, 2025. Filed Nov 14, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 14, 2025

ASST$21.45+4.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2025

OR

oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-41612

(Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of incorporation or organization)

88-1293236

(I.R.S. Employer

Identification Number)

200 Crescent Ct, Suite 1400, Dallas, TX

(Address of Principal Executive Offices)

(Zip Code)

(855)427-7360

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on which Registered
Class A common stock, $0.001 par value per shareASSTThe Nasdaq Stock Market LLC
Variable Rate Series A Perpetual Preferred Stock, $0.001 par value per shareSATAThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of November 7, 2025, the registrant had 592,579,510 and 222,904,100 shares of Class A common stock and Class B common stock outstanding, respectively.

FORM 10-Q

TABLE OF CONTENTS

Page
PART I.FINANCIAL INFORMATION1
Item 1.Consolidated Financial Statements1
Consolidated Statements of Financial Condition as of September 30, 2025 (Successor) (unaudited) and December 31, 2024 (Predecessor) (audited)1
Consolidated Statements of Operations for the Period from September 12, 2025 to September 30, 2025 (Successor) (unaudited), the Period from July 1, 2025 to September 11, 2025 (Predecessor) (unaudited), and the Three Months Ended September 30, 2024 (Predecessor) (unaudited)2
Consolidated Statements of Operations for the Period from September 12, 2025 to September 30, 2025 (Successor) (unaudited), the Period from January 1, 2025 to September 11, 2025 (Predecessor) (unaudited), and the Nine Months Ended September 30, 2024 (Predecessor) (unaudited)3
Consolidated Statements of Changes in Stockholders' Equity for the Period from September 12, 2025 to September 30, 2025 (Successor) (unaudited), the Period from July 1, 2025 to September 11, 2025 (Predecessor) (unaudited), and the Three Months Ended September 30, 2024 (Predecessor) (unaudited) and Consolidated Statements of Changes in Stockholders' Equity for the Period from January 1, 2025 to September 11, 2025 (Predecessor) (unaudited) and for the Nine Months Ended September 30, 2024 (Predecessor) (unaudited)4
Consolidated Statements of Cash Flows for the Period from September 12, 2025 to September 30, 2025 (Successor) (unaudited), the Period from January 1, 2025 to September 11, 2025 (Predecessor) (unaudited), and the Nine Months Ended September 30, 2024 (Predecessor) (unaudited)6
Notes to Consolidated Financial Statements (unaudited)8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23
Item 3.Quantitative and Qualitative Disclosures About Market Risk34
Item 4.Controls and Procedures34
PART II.OTHER INFORMATION35
Item 1.Legal Proceedings35
Item 1A.Risk Factors35
Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities42
Item 3.Defaults Upon Senior Securities42
Item 4.Mine Safety Disclosures42
Item 5.Other Information42
Item 6.Exhibits43
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.