Antalpha Platform Q4 Earnings Call Highlights

1 week ago 14

MarketBeat

Tue, March 3, 2026 astatine 10:18 AM CST 7 min read

Antalpha Platform logo

Antalpha Platform logo
  • Strong profitability and gross growth: Q4 gross was $28 million (up 110% YoY) and full-year gross was $80 million (up 68% YoY), portion Q4 adjusted EBITDA surged to $18.4 million (up 802% YoY) with a 66% margin, achieved contempt a 23% Bitcoin terms diminution successful the quarter.

  • Loan publication enlargement with steadfast recognition metrics: Total worth loans connected Antalpha Prime reached $2.8 billion (up 59% YoY) with $3.7 billion of Bitcoin pledged, a supply-chain indebtedness LTV of 57%, nary Q4 write-offs, and indebtedness equilibrium per lawsuit up 43%.

  • Tokenized-gold strategy and Aurelion tie-in: Antalpha completed the Aurelion acquisition (closing Oct. 10) and has materially accrued vulnerability to Tether Gold (including a ~$134 cardinal purchase), signaling full unrealized Tether Gold gains of $16.6 million and exploring XAUt-collateralized indebtedness products.

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Antalpha Platform (NASDAQ:ANTA) reported what absorption described arsenic a “strong 4th quarter” to adjacent retired fiscal 2025, highlighting accelerated gross growth, enlargement of its indebtedness book, and a crisp summation successful profitability metrics contempt a diminution successful Bitcoin prices during the quarter.

On the company’s fourth-quarter and full-year 2025 net call, Head of Strategy Herman Yu said gross maturation accelerated successful each 4th of 2025, culminating successful fourth-quarter gross of $28 million, up 110% year-over-year. For the afloat year, Antalpha reported gross of $80 million, up 68% year-over-year.

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Yu emphasized that the company’s show held up successful the look of marketplace volatility, noting that Bitcoin prices declined 23% successful the 4th fourth portion Antalpha’s gross “remained resilient.”

Antalpha’s lending enactment continued to expand. Management said full worth indebtedness connected Antalpha Prime reached $2.8 cardinal astatine the extremity of 2025, up 59% year-over-year, with Bitcoin pledged connected the full indebtedness publication totaling $3.7 billion. The loan-to-value (LTV) connected proviso concatenation loans was 57% astatine year-end, which Yu said reflected a disciplined attack to underwriting and collateral management.

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Additional operating metrics discussed connected the telephone included indebtedness equilibrium per lawsuit maturation of 43% and caller lawsuit additions up 12% year-over-year. At the extremity of December, clients generated 81.3 EH/s, which absorption said represented astir 7.3% of planetary hash rate.

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