The significant acceleration in revenue and profitability, combined with strong forward guidance, suggests underlying demand strength in crypto-collateralized lending. Traders should monitor whether Q1 revenue hits the guided range, which would confirm sustained momentum. The tokenized gold and AI financing initiatives could become new growth vectors.
Price Chart
Executive Summary
Antalpha reported strong Q4 and full-year 2025 results with revenue of $28.0 million (up 110% YoY) and net income attributable to Antalpha of $9.3 million (up 461% YoY). The company highlighted growth in its crypto-collateralized lending platform, expansion into tokenized gold and AI-related financing, and raised guidance for Q1 2026 revenue between $20M and $23M, representing 47%-69% YoY growth.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $28.0 million, up 110% YoY; full-year revenue was $79.7 million, up 68% YoY
- Net income attributable to Antalpha was $9.3 million in Q4 (up 461% YoY) and $18.5 million for the full year (up 321% YoY)
- Adjusted EBITDA surged to $18.4 million in Q4 (802% YoY growth) with margin expanding to 66% from 15%
- Total Value of Loans (TVL) facilitated reached $2.6 billion as of Dec 31, 2025, up 59% YoY
- Company owns 39,371 XAUt (Tether Gold) with $13.4 million in unrealized gains in Q4
- Guidance for Q1 2026 revenue is $20M–$23M, implying 47%–69% YoY growth
Financial Impact
Revenue grew $14.6 million YoY in Q4 and $32.2 million for the full year; net income increased $7.7 million in Q4 and $14.1 million for the year
Risk Factors
- Revenue and earnings growth include $13.4 million in unrealized gains on XAUt holdings, which are non-cash and volatile
- Forward-looking statements assume stable crypto market conditions, which are inherently uncertain
- Aurelion acquisition adds complexity with only 32% equity interest despite consolidation, raising potential non-controlling interest drag
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3248242 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 6-K | $1.96 | awaiting T+60 | — | $1.69 (−13.78%) |
Oct 22, 2026 4d ago | Press Release | $1.96 | awaiting T+60 | — | $1.69 (−13.78%) |
Aug 20, 2026 9w ago | 6-K | $3.92 | awaiting T+60 | — | $1.69 (+56.83%) |
Aug 12, 2026 10w ago | Press Release | $4.02 | awaiting T+60 | — | $1.69 (−57.91%) |
Jul 28, 2026 13w ago | 6-K | $3.27 $1.75 | ▲ +46.48% | ▲ +50.83% | $1.69 (+48.32%) |
May 19, 2026 23w ago | Press Release | $8.50 $3.93 | ▲ +53.77% | ▲ +60.06% | $1.69 (+80.12%) |
May 18, 2026 23w ago | 6-K | $8.50 $3.93 | ▼ −53.77% | ▼ −60.06% | $1.69 (−80.12%) |
Apr 30, 2026 25w ago | 6-K | $8.55 $3.65 | ▼ −57.31% | ▼ −60.42% | $1.69 (−80.23%) |
Apr 27, 2026 26w ago | 6-K | $9.33 $3.64 | ▼ −60.99% | ▼ −64.98% | $1.69 (−81.89%) |
Apr 14, 2026 27w ago | 6-K | $9.00 $4.47 | ▼ −50.33% | ▼ −58.47% | $1.69 (−81.22%) |
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