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Antalpha Platform Holding Co reported a 49% YoY revenue growth, reaching $17 million, with adjusted EBITDA more than doubling to $3.8 million and EBITDA margin expanding to 22%. The company's institutional clients and average loan per client increased by over 40% YoY. Antalpha launched Ethereum collateralized loans, reaching a total loan value of $53 million. However, operating expenses increased by 40% YoY, and the net interest margin on supply chain loans decreased by 60 basis points YoY. The company is exploring new markets by developing financial products for AI compute infrastructure.
Antalpha Platform Holding Co, a leading provider of financial services, reported a robust second quarter performance with a 49% year-over-year (YoY) revenue growth, reaching $17 million. The company's adjusted EBITDA more than doubled to $3.8 million, expanding the EBITDA margin to 22% [1]. This impressive financial performance was driven by a 40% YoY increase in institutional clients and the average loan per client. Additionally, Antalpha launched Ethereum collateralized loans, achieving a total loan value of $53 million.
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