Strive Inc-A 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2026OR For the transition period fromtoCommission File Number 001-41612 STRIVE, INC. (Exact name of Registrant as Specified in Its Charter)_________________________________________________________ 88-1293236 (IRS EmployerIdentification No.) Securities registered pursuant to Section 12(b) of the Act: 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 thepreceding 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 90days. 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 emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. 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 revisedfinancial 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 May12, 2026, the registrant had 63,211,995 and 9,870,636 shares of Class A common stock and Class B common stock outstanding, respectively. STRIVE, INC.FORM 10-QTABLE OF CONTENTS PART I.FINANCIAL INFORMATION1Item 1.Consolidated Financial Statements1Consolidated Statements of Financial Condition as of March 31, 2026 (unaudited) and December 31, 2025(audited)1Consolidated Statements of Operations (unaudited) for the Three Months Ended March 31, 2026 (Successor) and2025 (Predecessor)2Consolidated Statements of Changes in Stockholders' Equity (unaudited) for the Three Months Ended March 31,2026 (Successor) and 2025 (Predecessor)3Consolidated Statements of Cash Flows (unaudited) for the Three Months Ended March 31, 2026 (Successor) and2025 (Predecessor)4Notes to Consolidated Financial Statements (unaudited)6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk29Item 4.Controls and Procedures29PART II.OTHER INFORMATION30Item 1.Legal Proceedings30Item 1A.Risk Factors30Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities30Item 3.Defaults Upon Senior Securities30Item 4.Mine Safety Disclosures30Item 5.Other Information30Item 6.Exhibits31 STRIVE, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited) STRIVE, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(in thousands, except share data)(unaudited) STRIVE, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited) STRIVE, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited) (1) Organization Strive, Inc. (the "Company", "Strive", or the "Successor"), a Nevada corporation, is a structured finance company and institutionalasset manager company trading on The Nasdaq Stock Market LLC ("Nasdaq") under the symbol "ASST". The Company operates through wholly-owned subsidiaries, including, among others, Strive Enterprises, Inc. ("SEI") and Strive AssetManagement, LLC ("SAM"), a registered investment advisor with the Securities and Exchange Commission ("SEC"). SAM providessub-advisory services for the Strive funds (the "Funds"), a series of exchange traded funds ("ETFs"), and has the discretionaryresponsibility to select investments in accordance with each fund's investment objectives, policies, and restrictions. SAM is notresponsible for selecting broker-dealers or placing trades for the Funds. Products are offered through intermediaries in a variety ofvehicles, ETFs, separate accounts, and collective investment trust funds. On May 6, 2025, SEI (the "Predecessor") entered into that certain Agreement and Plan of Merger, dated as of May 6, 2025, asamended by that certain Amended and Restated Agreement and Plan of Merger, dated as of June 27, 2025 (the "Asset Entities MergerAgreement") with Asset Entities Inc. ("Asset Entities"). On September 12, 2025, pursuant to the Asset Entities Merger Agreement,Alpha Merger Sub, Inc., a wholly-owned subsidiary of Asset Entities Inc., merged with and into SEI, with SEI surviving as a whollyowne