Antalpha Reports 423% YoY Net Income Surge in Q1 as Bitcoin Lending Business Expands
Singapore-based fintech firm Antalpha delivered a standout first-quarter performance in 2025, posting a 423% year-over-year increase in net income to $1.46 million, driven by rising demand for its digital asset financing platform tailored to the Bitcoin mining sector.
The company's unaudited financial results, released Tuesday, showed total revenue climbed 41% year-over-year to $13.6 million, up from $9.65 million in Q1 2024. Antalpha credited its flagship Antalpha Prime platform—designed to offer lending, financing, and risk management solutions for digital asset operators—as the engine behind its rapid earnings growth.
"The scalability of Antalpha Prime's fintech platform has enabled us to grow profitability faster than revenue," said Paul Liang, Chief Financial Officer of Antalpha. "We’re also expanding into new lending segments, such as Ethereum-collateralized loans and financing solutions for AI GPU infrastructure."
Diversified Growth Across Revenue Streams
Breaking down the Q1 numbers, Antalpha generated:
- $3.5 million in platform fees from Bitcoin loan products, representing a 286% year-over-year increase
- $10.1 million in financing fees from supply chain loans, up 15% from the same quarter last year
The firm, which recently went public on Nasdaq in May 2025, raised $56.7 million through its IPO by offering 4.4 million shares. One of the most notable participants was Tether, which acquired 1.9 million shares for an 8.1% ownership stake.
Antalpha Platform Holding CompanyTo hedge against broader market volatility and shore up lending reserves, Antalpha also disclosed the acquisition of $20 million in Tether Gold (XAUt)—a move aimed at stabilizing its collateral pool amid uncertain macroeconomic conditions.
Outlook and Market Response
Antalpha is forecasting Q2 revenue in the range of $16 million to $17 million, though it noted that market volatility may influence final figures.
On Tuesday, Antalpha's shares dipped 4.69% to close at $12.19, before rebounding 6.64% in after-hours trading, according to Google Finance data.
