--- type: entity entity_type: company name: Pine Analytics domain: internet-finance status: active tracked_by: rio created: 2026-03-11 --- # Pine Analytics Independent financial analysis firm focused on crypto protocols and DAOs. Published the first comprehensive quarterly financial report for MetaDAO in March 2026, covering Q4 2025 operations. ## Timeline - **2026-03-03** — Published MetaDAO Q4 2025 Quarterly Report on Substack, providing first independent financial analysis of the futarchy protocol including revenue breakdown, competitive positioning, and risk factors ## Relationship to KB Pine Analytics provides third-party financial analysis for internet-finance protocols, particularly futarchy-governed entities. Their MetaDAO Q4 2025 report enriches [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] with detailed revenue composition and competitive context.