Antalpha Platform Holding Co (NASDAQ:ANTA) Reports Q2 2025 Earnings: Revenue Growth Outpaces Estimates, EPS Lags
Antalpha Platform Holding Co, a Singapore-based institutional digital asset financing platform, released its second-quarter 2025 financial results, showcasing strong revenue growth but a mixed performance in profitability compared to analyst expectations.
Key Financial Highlights vs. Estimates
- Revenue: $17.01 million, up 49% year-over-year but slightly below the consensus estimate of $17.44 million.
- Earnings Per Share (EPS): Reported GAAP net income translated to an EPS of $0.03 (basic) and $0.03 (diluted), falling short of the estimated $0.12. However, non-GAAP net income surged 184% year-over-year to $3.27 million, reflecting adjustments for stock-based compensation.
- Adjusted EBITDA: Rose 147% to $3.8 million, with margins expanding to 22% from 13% a year ago.
Market Reaction
Following the earnings release, ANTA shares saw an after-hours gain of 4.84%, suggesting investor optimism despite the EPS miss. The stock has also posted a 10.1% increase over the past month, indicating broader confidence in the company’s growth trajectory.
Operational and Strategic Highlights
- Total Value Locked (TVL): Reached a record $2.05 billion, up 58% year-over-year.
- Hashrate Loans: Financed 75.6 EH of Bitcoin mining capacity, representing 8.8% of global hashrate, up from 3.7% a year ago.
- Product Expansion: Piloted Ethereum margin loans ($53 million TVL) and acquired $20 million in Tether Gold (XAUt) as part of a treasury diversification strategy.
- Leadership Addition: Hired a new Chief Operating Officer to drive global expansion.
Outlook vs. Analyst Expectations
Antalpha provided guidance for Q3 2025, expecting revenue between $21 million and $22 million, implying 62%-69% year-over-year growth. This aligns closely with analyst estimates of $19.78 million in sales for the quarter. The company also forecasts an adjusted EBITDA margin of 20%-24%, reinforcing expectations of sustained profitability.
Conclusion
While Antalpha’s revenue growth remains robust, the GAAP EPS miss highlights rising operating costs, including a 70% year-over-year increase in expenses. However, the market’s positive reaction suggests investors are focusing on the company’s strong top-line expansion, margin improvements, and strategic initiatives in digital asset financing.
For more detailed earnings estimates and historical performance, visit Antalpha’s earnings page.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
