Core Insights - Antalpha Platform Holding Company reported a strong start to 2025, with first quarter revenue increasing by 41% year-over-year and net income soaring by 423% [2][5][7] Financial Performance - Total revenue for Q1 2025 reached $13.6 million, up from $9.65 million in Q1 2024, marking a 41% increase [3][5] - Net income for Q1 2025 was $1.46 million, compared to $0.28 million in Q1 2024, reflecting a 423% growth [3][7] - Adjusted EBITDA for the first quarter was $2.49 million, a 392% increase from $0.51 million in the same period last year [3][7] - Operating expenses rose to $12.4 million, a 30% increase year-over-year [6][7] Loan Portfolio - Total loans outstanding increased to $1.77 billion, a 64% rise from $1.08 billion in the previous year [3] - Bitcoin loans outstanding surged by 98% to $1.19 billion, while supply chain loans outstanding grew by 22% to $0.58 billion [3] Strategic Initiatives - The company is exploring new areas in digital asset lending, including Ethereum-collateralized loans and financing for GPUs used in AI inference computing [2] - Antalpha has invested approximately $20 million in XAUt as part of its digital gold treasury strategy, aimed at enhancing risk management and expanding business opportunities [7] Future Outlook - For Q2 2025, Antalpha anticipates revenues between $16 million and $17 million, representing a growth rate of 40% to 50% year-over-year, assuming Bitcoin prices remain around $100,000 [8]
Antalpha Reports First Quarter 2025 Results