Verb(US:VERB)2025-11-12 13:10Financial Performance - Revenue for Q3 2025 totaled $3.6 million, a significant increase from $0.1 million in Q3 2024, with $707,000 generated from staking activities[5] - Gross profit was $2.7 million, representing 75.4% of revenue, compared to $74,000 or 57.8% of revenue in Q3 2024[5] - Net income reached $84.7 million, a turnaround from a net loss of $2.0 million in Q3 2024[6] - Total revenue for the three months ended September 30, 2025, was $3,609 million, a significant increase from $128 million in the same period of 2024, representing a growth of approximately 2,820%[18] - The net income for the nine months ended September 30, 2025, was $79,929 million, compared to a net loss of $7,141 million in the same period of 2024, indicating a turnaround in profitability[20] - The net income attributable to common stockholders for the three months ended September 30, 2025, was $83,269 million, compared to a net loss of $(2,716) million in the same period of 2024[18] Assets and Equity - Total stockholders' equity was $639.5 million, with a book value per share of approximately $10.82[4] - The company held digital assets with a fair value of $588.2 million and cash totaling $53.9 million at the end of Q3 2025[6] - Cash and restricted cash at the end of the period was $53,925 million, up from $10,515 million at the beginning of the period, showing a net change in cash of $45,430 million[20] Costs and Expenses - Operating loss for the three months ended September 30, 2025, was $(21,708) million, compared to $(2,312) million in the same period of 2024, reflecting increased costs and expenses[18] - The company incurred total costs and expenses of $25,317 million for the three months ended September 30, 2025, compared to $2,440 million in the same period of 2024, marking an increase of approximately 938%[18] Investments and Acquisitions - The company acquired 217.5 million units of $TON and staked 177.1 million units as of September 30, 2025[4] - The TON Treasury Strategy was initiated with proceeds from a $558 million private placement to acquire and stake $TON[3] - The company purchased digital assets totaling $295,000 million during the nine months ended September 30, 2025, indicating a strong investment strategy in digital assets[20] Stock and Shareholder Activities - A stock buyback program of up to $250 million was approved, with 1,984,072 shares repurchased at prices below book value[4] - The weighted average number of common shares outstanding for basic earnings per share was 37,262,322 for the three months ended September 30, 2025[18] Market Presence and Strategy - Toncoin began trading on platforms such as Gemini, Robinhood, and Zengo, enhancing global access[4] - The company plans to strengthen its team with key hires to support its treasury strategy and operational growth[7] - The company raised $361,390 million from a PIPE offering, significantly bolstering its financing activities[20]