ANTA

MKT CAP:$228M

Antalpha Platform Holding Company

Market Cap

$228M

Financial Services·Financial - Credit Services·🇸🇬 Singapore·NASDAQ

Financials·Financial·🇸🇬·NASDAQ

Stock Price

$10.07+$0.94 (+10.30%)

Apr 17, 2026

Company Details

Antalpha Platform Holding Company provides financing, technology, and risk management solutions to the crypto asset industry. It offers supply chain financing to enterprises secured by Bitcoin and Bitcoin mining machines; and mining machine...

CEO

Xin Jin

IPO Date

May 14, 2025

Website

www.antalpha.com

Key Metrics TTM

Revenue

$71M

— YoY

Net Income

$13M

EPS (Diluted)

$0.51

Free Cash Flow

$829.5K

Revenue / Share

$3.09

Gross Margin

42.3%

Operating Margin

19.8%

Net Margin

18.2%

FCF Margin

1.2%

P/S

3.2x

P/E

17.6x

Earnings Reports

FY 2025

Dec 30, 2025

$80M+67.9%EPS $0.75

Q4 2025

Mar 4, 2026

$28M+109.6%EPS $0.35

Q2 2025

Aug 13, 2025

$17M+49.0%EPS $0.03

FY 2024

Dec 31, 2024

$47M+321.0%EPS $0.19

Q4 2024

Dec 31, 2024

$13M+132.8%EPS $0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 23	$6M	$1M	-$2M
Q2 24	$11M	$4M	$1M
Q3 24	$13M	$5M	$1M
Q4 24	$13M	$5M	$788.3K
Q2 25	$17M	$7M	-$465.7K
Q4 25	$28M	$13M	$13M

Valuation

Quarter	P/S	P/E
Q4 23	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	5.2x	88.6x
Q2 25	4.2x	47.6x
Q4 25	3.2x	17.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	-$3M	-$3M
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$914.6K	$829.5K
Q2 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q4 23	$28.1K
Q2 24	$0
Q3 24	$0
Q4 24	$85.1K
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	+196.2%	+140.3%
Q4 25	+145.4%	+49.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	$0	0.0%
Q2 24	$3M	22.7%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 23	$2M	$695.8K
Q2 24	$2M	$955.5K
Q3 24	$3M	$1M
Q4 24	$3M	$1M
Q2 25	$6M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$439.1K	$0	$439.1K
Q1 24	$0	$0	$0
Q3 24	$30M	$0	$30M
Q4 24	$6M	$0	$6M
Q1 25	$2M	$0	$2M
Q2 25	$35M	$0	$35M
Q3 25	$7M	$0	$7M
Q4 25	$8M	$442M	$450M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 23	23M	—	—
Q2 24	23M	0.0%	—
Q3 24	23M	0.0%	—
Q4 24	23M	0.0%	—
Q2 25	24M	+4.8%	+4.8%
Q4 25	23M	-4.6%	0.0%

Shares Outstanding