0001193125-26-053215
SEC filingLite Strategy, Inc. (LITS) reported a significant net loss of $30.8M for Q2 2025 ending December 31, 2025, driven primarily by a $29.9M loss from operations amid $29.9M total operating expenses, including $3.3M in general and administrative costs and a $26.5M change in fair value of digital assets. This compares to a net loss of $34.4M used in cash flow reconciliation, highlighting non-cash adjustments. Balance sheet shows total assets of $82.9M, bolstered by $64.0M in digital assets and $8.8M cash, with stockholders' equity at $81.8M after accumulated deficit of -$438.6M. Cash flows reflected heavy investing activity with $100.0M purchases of digital assets, offset by $96.6M financing inflows from $92.2M common stock issuance and pre-funded warrants in July 2025 plus $4.6M ATM program, resulting in net cash decrease of $9.3M to $8.8M end balance (noting $18.0M at period end in supplemental). EPS was -$1 basic and diluted on 37.4M shares. No revenue reported; performance hinges on digital asset volatility and capital raises for liquidity.
Lite Strategy, Inc. reported a net loss of $30.8M for the quarter ended December 31, 2025, with loss from operations at -$29.9M due to total operating expenses of $29.9M. Key expenses included $3.3M general and administrative and $46K research and development, alongside a $26.5M change in fair value of digital assets. Other income netted -$932K, including $1.5M change in fair value of digital assets receivable and $541K gain on derivative liabilities. No prior period figures provided for direct QoQ comparison. Basic and diluted EPS were both -$1 on 37.4M weighted-average shares. Balance sheet total assets stood at $82.9M, with total liabilities minimal at $1.1M and equity at $81.8M.
No revenue figures disclosed in the filing. Performance driven by non-operating items like changes in fair value of digital assets ($26.5M) and digital assets receivable ($1.5M). No segment breakdown or geographic mix provided.
No gross profit or revenue reported, precluding gross margin calculation. Operating loss of -$29.9M reflects full expense absorption without revenue offset. Non-cash fair value changes significantly impact profitability, with accumulated deficit reaching -$438.6M. Additional paid-in capital at $520.7M supports equity base.
Net cash used in operating activities was -$6.4M, starting from net loss of -$34.4M adjusted by $26.5M digital assets fair value change and other items. Investing activities used -$99.4M mainly from $100.0M digital asset purchases, partially offset by $569K from covered call options. Financing provided $96.6M via $92.2M July 2025 stock and pre-funded warrants issuance net of costs, $4.6M ATM program, minus $203K share repurchases. Net cash decrease -$9.3M; cash ended at $8.8M (supplemental notes $18.0M). Total current assets $10.9M, current liabilities $1.1M, indicating strong liquidity position.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing content.