Core Viewpoint - Antalpha Platform Holding Company reported strong financial results for Q2 2025, with record revenue and significant year-over-year growth, indicating a robust expansion strategy and positive outlook for future growth opportunities [2][3]. Financial Highlights - Total revenue for Q2 2025 reached $17.01 million, a 49% increase from $11.42 million in Q2 2024 [3]. - Net income decreased to $0.67 million, down 41% from $1.15 million in the previous year, while non-GAAP net income rose to $3.27 million, a 184% increase [3][18]. - Adjusted EBITDA for Q2 2025 was $3.80 million, reflecting a 147% increase year-over-year, with an adjusted EBITDA margin expanding to 22% from 13% [3][18]. - Total Value Loan (TVL) facilitated reached $2.05 billion, a 58% increase year-over-year, with significant growth in both supply chain and margin loan TVL [3][7]. Business and Strategic Highlights - The company has diversified its loan portfolio and product offerings, with a focus on risk management and customer value [2]. - Key leadership was added to support U.S. expansion, and a treasury strategy involving Tether Gold was implemented [2]. - The company piloted Ethereum margin loans totaling $53 million in TVL and acquired $20 million in Tether Gold as part of its digital-gold treasury strategy [7]. Outlook - Antalpha expects Q3 2025 revenue to range between $21 million and $22 million, reflecting a year-over-year growth rate of 62% to 69% [9]. - Adjusted EBITDA for Q3 2025 is anticipated to be in the range of 20% to 24% [9].
Antalpha Reports Second Quarter 2025 Financial Results