Company Description
Bonk, Inc. (Nasdaq: BNKK) is a publicly traded company described as evolving to bridge the gap between traditional public markets and the digital asset ecosystem. According to its public disclosures and news releases, the company pursues a dual-pronged model that combines digital asset infrastructure exposure with a consumer beverage business.
Through its subsidiary BONK Holdings LLC, Bonk, Inc. executes a strategy focused on acquiring revenue-generating assets within the decentralized finance (DeFi) space. A central element of this strategy is its majority revenue interest in BONK.fun, a platform associated with the BONK digital asset ecosystem. Company communications describe BONK.fun as the primary revenue-generating asset, with Bonk, Inc. holding a 51% revenue interest in the platform. This interest is positioned as an active "revenue flywheel" that converts ecosystem activity into recurring cash flow, which can then be directed into the company’s digital asset treasury.
Bonk, Inc. emphasizes a "revenue-to-treasury" or "revenue-to-asset" business model. In this model, net cash flow from digital operations, particularly from BONK.fun, is intended to be deployed into the accumulation of BONK digital assets. The company has publicly stated a strategic target of owning 5% of the circulating supply of BONK, using revenue from its digital operations rather than relying solely on external capital. Company updates describe this as a continuous accumulation engine that links platform performance directly to the growth of its digital asset holdings.
In addition to its digital asset operations, Bonk, Inc. also operates a beverage division. Public descriptions state that this division holds the patented Sure Shot and Yerbaé brands. The company characterizes this beverage segment as a traditional business operation that is expected to reinvest its revenue into marketing, inventory, and expansion efforts within the beverage division. Company guidance materials describe the Yerbaé brand as a contributor to overall revenue, with the beverage segment transitioning from a cost center to a profitable business line as legacy acquisition debts are paid down.
Bonk, Inc. positions itself as the premier public vehicle for exposure to the BONK ecosystem, with its treasury strategy and BONK.fun revenue interest designed to provide shareholders with access to the economics of the BONK digital asset. Company communications highlight that it seeks to convert ecosystem activity into cash flow and then into BONK holdings, describing this as a mechanism to grow its treasury and potentially expand its net asset value over time. The company has also referenced broader legislative and regulatory developments related to digital assets as contextual support for its treasury-focused model, while framing its approach as distinct from passive holding structures by emphasizing active revenue generation.
From a capital markets perspective, Bonk, Inc. is listed on The Nasdaq Capital Market under the symbol BNKK. The company has disclosed that it underwent a reverse stock split at a rate of 1-for-35, effected through a Certificate of Amendment to its Third Amended and Restated Certificate of Incorporation filed in Delaware. According to an 8-K filing, the reverse split became effective on December 11, 2025, and the company’s common stock began trading on a reverse-split-adjusted basis on that date. The trading symbol remained BNKK, and a new CUSIP number was assigned in connection with the split.
Company announcements also note that Bonk, Inc. has focused on capital restructuring and debt reduction, describing efforts to eliminate legacy liabilities and enter future periods with a debt-free balance sheet. In its public guidance, the company links this financial restructuring to its ability to support higher-margin revenue streams tied to digital asset infrastructure and to improve cash flow generation.
Bonk, Inc. has highlighted several structural elements of its model in corporate updates:
- Digital Asset Operations (Treasury Engine): Majority revenue interest in BONK.fun, with implied asset valuations referenced in filings and news releases, and a stated intent to reinvest net cash flow into BONK digital assets.
- Traditional Business Operations (Growth Engine): Beverage division featuring the Sure Shot and Yerbaé brands, with revenue intended to be reinvested within the division to support growth.
- Capital Allocation Policy: A publicly articulated plan to direct net profit from digital operations toward BONK accumulation, aligning treasury growth with platform performance.
- Listing and Compliance: Confirmation via public announcements that the company has regained compliance with Nasdaq’s minimum bid price requirement and secured its continued listing on The Nasdaq Capital Market.
Overall, Bonk, Inc. presents itself as a hybrid company combining digital asset exposure through DeFi-linked revenue streams and a BONK-focused treasury strategy with a consumer beverage business. Its disclosures emphasize the linkage between BONK.fun performance, digital asset accumulation, and the company’s position as a publicly traded entity providing access to the BONK ecosystem.
Stock Performance
Bonk (BNKK) stock last traded at $2.50, down 0.40% from the previous close. Over the past 12 months, the stock has lost 79.6%. At a market capitalization of $13.3M, BNKK is classified as a micro-cap stock with approximately 5.3M shares outstanding.
Latest News
Bonk has 10 recent news articles, with the latest published 3 days ago. Of the recent coverage, 4 articles coincided with positive price movement and 6 with negative movement. Key topics include earnings, partnership, acquisition, management. View all BNKK news →
SEC Filings
Bonk has filed 5 recent SEC filings, including 2 Form 8-K, 1 Form 10-K, 1 Form 424B3, 1 Form S-1/A. The most recent filing was submitted on March 31, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all BNKK SEC filings →
Financial Highlights
Bonk generated $2.1M in revenue over the trailing twelve months, retaining a 58.5% gross margin, and net income was -$68.2M, reflecting a -3220.4% net profit margin. Diluted earnings per share stood at $-17.02. The company generated -$25.3M in operating cash flow. With a current ratio of 1.01, the company maintains adequate short-term liquidity.
Upcoming Events
Short Interest History
Short interest in Bonk (BNKK) currently stands at 103.0 thousand shares, down 23.9% from the previous reporting period, representing 2.2% of the float. Over the past 12 months, short interest has decreased by 98.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Bonk (BNKK) currently stands at 1.3 days, down 24.1% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has increased 29% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.0 days.
BNKK Company Profile & Sector Positioning
Bonk (BNKK) operates in the Asset Management industry within the broader Perfumes, Cosmetics & Other Toilet Preparations sector and is listed on the NASDAQ.