v3.26.3
Business Combination (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination
The following table summarizes the consideration transferred and the assets acquired and liabilities assumed as part of the Semler Scientific Merger at their acquisition date fair value (in thousands):
Consideration transferred:
Strive, Inc. Class A common stock and fair value of assumed options$311,183 
Assets acquired and liabilities assumed:
Cash and cash equivalents3,513 
Prepaid expenses599 
Other current assets1,831 
Digital assets444,029 
Receivable for bitcoin collateral37,971 
Intangible assets14,650 
Property and equipment175 
Other non-current assets1 
Accounts payable and other liabilities(13,029)
Compensation and benefits payable(2,358)
Long-term notes payable(89,495)
Coinbase Loan(20,000)
Total identifiable net assets$377,887 
Bargain purchase gain(66,704)
Total$311,183 
The following table summarizes the consideration transferred and the assets acquired and liabilities assumed as part of the Asset Entities Merger at their acquisition date fair value (in thousands):
Consideration transferred:
Strive, Inc. Class A common stock$141,140 
Assets acquired and liabilities assumed:
Cash and cash equivalents400 
Prepaid expenses27 
Intangible assets746 
Other non-current assets57 
Accounts payable and other liabilities(129)
Total identifiable net assets$1,101 
Goodwill140,039 
Total$141,140 
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the consideration transferred and the assets acquired and liabilities assumed as part of the Semler Scientific Merger at their acquisition date fair value (in thousands):
Consideration transferred:
Strive, Inc. Class A common stock and fair value of assumed options$311,183 
Assets acquired and liabilities assumed:
Cash and cash equivalents3,513 
Prepaid expenses599 
Other current assets1,831 
Digital assets444,029 
Receivable for bitcoin collateral37,971 
Intangible assets14,650 
Property and equipment175 
Other non-current assets1 
Accounts payable and other liabilities(13,029)
Compensation and benefits payable(2,358)
Long-term notes payable(89,495)
Coinbase Loan(20,000)
Total identifiable net assets$377,887 
Bargain purchase gain(66,704)
Total$311,183 
The following table summarizes the consideration transferred and the assets acquired and liabilities assumed as part of the Asset Entities Merger at their acquisition date fair value (in thousands):
Consideration transferred:
Strive, Inc. Class A common stock$141,140 
Assets acquired and liabilities assumed:
Cash and cash equivalents400 
Prepaid expenses27 
Intangible assets746 
Other non-current assets57 
Accounts payable and other liabilities(129)
Total identifiable net assets$1,101 
Goodwill140,039 
Total$141,140 
Business Combination, Pro Forma Information
The unaudited supplemental pro forma financial information presented below has been prepared as if the Semler Scientific Merger had occurred in the earliest presented period. The pro forma financial information is developed using estimates and assumptions based on information available at the time. The Company believes such estimates and assumptions to be reasonable; however, the unaudited pro forma financial information is not necessarily indicative of what the combined company's results would have been had the acquisition been completed as of the beginning of the periods as indicated, nor does it purport to represent the Company's future results. There are no pro forma adjustments for the three months ended September 30, 2026. As the financial information for the period from July 1, 2025 to September 11, 2025 and the period from January 1, 2025 to September 11, 2025 represent the financial information of the Predecessor, no such pro forma financial information has been included. Amounts below are presented in thousands, other than per-share amounts.
Nine Months Ended September 30, 2026Period From September 12, 2025 to September 30, 2025
Total revenues$8,786 $1,753 
Net loss before income taxes$(15,610)$(206,116)