Record AUM and Wealth Revenue Growth
Assets under management (AUM) reached a record $498 million, up 22% year-over-year, with wealth revenue growing 27%.
Payment Business Growth
Payments revenue grew 11% year-over-year, driven by continued strength in Europe and processing volume grew 12% year-over-year to $2.8 billion.
Bitcoin Holdings Increase
Bitcoin holdings rose more than 300% quarter-over-quarter, reaching $4.7 million.
Improved EBITDA Guidance
Adjusted EBITDA was $2 million with an 11.6% margin, leading to a raised 2025 EBITDA guidance from $5 million to $6 million to $6 million to $7 million.
Strong Balance Sheet
Total cash and investments ended the quarter at $46 million, with a book value of approximately $77.5 million.