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Asset Entities ASST Asset Management — Loss on Debt Extinguishment
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Where this comes from
Reported directly by Asset Entities in its filing.
Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.
The source filing: Asset Entities’s 10-Q, filed August 10, 2026.
- Filed
- Aug 10, 2026, 7:01 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-054985
| Line item | Successor / Three Months Ended June 30, 2026 | Predecessor / Three Months Ended June 30, 2025 |
|---|---|---|
| Other income | 955 | 252 |
| Interest expense on long-term notes payable, at fair value | (40) | — |
| Change in fair value on long-term notes payable, at fair value | (299) | — |
| Gain on extinguishment of debt | 30 | — |
| Transaction costs | — | (5,437) |
| Total other income/(expense) | 646 | (5,185) |
| Net loss before income taxes | (257,603) | (8,875) |
| Income tax benefit/(expense) | — | — |
Item 1. Consolidated Financial Statements
FAQ
- What is Asset Entities's asset management — loss on debt extinguishment?
- Asset Entities (ASST) reported asset management — loss on debt extinguishment of $0 in Q2 2026.
- What does asset management — loss on debt extinguishment mean?
- The financial loss recognized when the asset management segment retires debt obligations before their scheduled maturity date. This typically occurs when the reacquisition price exceeds the carrying value of the debt.
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