EL7.AI
StocksMedium•12 November 2026•
3 min read

KindlyMD’s Third-Quarter Profitability Could Not Be Verified Amid Lack of Reliable Disclosure

Key Facts

1Second-quarter 2026 operating revenue was $35.869 million, with an operating loss of $149.079 million.
2The second quarter recorded a $105.176 million impairment of goodwill and a $48.711 million loss from changes in the fair value of digital assets.
3Bitcoin 2026 generated revenue of $22.6 million, compared with revenue of $13.1 million for Bitcoin 2023.
4The company reduced outstanding debt by about 45 million USDT and extended about 105 million USDT of loan principal to June 30, 2027.
5The company held 4,467 bitcoin, with a fair value of about $261.5 million, on June 30, 2026.

KindlyMD’s third-quarter 2026 earnings per share could not be verified from a reliable public source, and figures for operating revenue or an explanation of the derivatives losses cited in the news report could not be verified either. It is therefore not possible to confirm an earnings figure or characterize the third-quarter result based on the information available here. In the company’s second-quarter data, operating revenue was $35.869 million, while it recorded an operating loss of $149.079 million. This provides context on the prior period but does not establish the third-quarter result. The second-quarter loss was also tied to large non-cash items, according to the company’s filing with the U.S. Securities and Exchange Commission.

Second-quarter details showed a $105.176 million impairment of goodwill, alongside a $48.711 million loss from changes in the fair value of digital assets. These items explain part of the scale of the operating loss recorded in that period, according to the quarterly report. The evidence does not include corresponding third-quarter figures that would allow a comparison between the two periods. In its conference business, Nakamoto said Bitcoin 2026 generated revenue of $22.6 million. The company compared that with revenue of $13.1 million from Bitcoin 2023, providing a separate indicator of the performance of one of its businesses.

In June 2026, the company said it closed its legacy healthcare clinics on June 19 and halted healthcare operations during the second quarter. Results from that business were classified as discontinued operations, according to the company’s earnings announcement. This means results in subsequent periods follow the business’s exit from continuing operations, while detailed third-quarter figures remain unavailable in the evidence. On its balance sheet, Nakamoto said it reduced outstanding debt by about 45 million USDT. It also extended the maturity of about 105 million USDT of principal on the loan to June 30, 2027.

At the end of June 2026, Nakamoto said it held 4,467 bitcoin, with a total fair value of about $261.5 million at quarter-end. These figures relate to the end of June and do not provide an updated value for the company’s third-quarter holdings. Regarding its audit, the company announced the appointment of Wolf & Company as its independent auditor for the fiscal year ended December 31, 2026. The appointment also covers the interim periods ended June 30 and September 30, 2026. The available evidence did not include a reliable public disclosure verifying third-quarter earnings per share or operating revenue.