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WonderFi Technologies Inc
(TSX:WNDR)
WonderFi Technologies Inc (WNDR) vs. S&P 500 (SPY)
WonderFi Technologies Inc Business Overview & Revenue Model
WonderFi Technologies Inc Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Sep 2022 | Sep 2021 | Jun 2020 | Jun 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 50.64M | 28.28M | 6.48M | 0.00 | 0.00 | 0.00 | Gross Profit |
| 38.17M | 18.53M | -2.55M | -134.76K | 0.00 | 0.00 | EBIT |
| -4.25M | -16.31M | -42.02M | -5.14M | -153.75K | -392.98K | EBITDA |
| 6.35M | -6.57M | -22.55M | -5.14M | -153.75K | -392.98K | Net Income Common Stockholders |
| 2.68M | -16.69M | -35.58M | -5.06M | -153.75K | -392.98K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 26.09M | 26.09M | 8.29M | 20.35M | 13.86K | 102.40K | Total Assets |
| 1.14B | 1.14B | 449.60M | 25.37M | 30.22K | 116.91K | Total Debt |
| 627.84K | 627.84K | 5.02M | 65.37K | 0.00 | 0.00 | Net Debt |
| -25.46M | -25.46M | -3.28M | -20.28M | -13.86K | -102.40K | Total Liabilities |
| 1.03B | 1.03B | 284.30M | 535.38K | 86.73K | 19.68K | Stockholders Equity |
| 104.58M | 104.58M | 165.30M | 24.84M | -56.52K | 97.23K |
| Cash Flow | Free Cash Flow | ||||
| -33.58K | -14.42M | -21.15M | -5.66M | -88.54K | -217.13K | Operating Cash Flow |
| 1.03M | -13.60M | -21.08M | -5.65M | -88.54K | -217.13K | Investing Cash Flow |
| 13.61M | 23.71M | -43.60M | -5.81K | 0.00 | 0.00 | Financing Cash Flow |
| -3.59M | 4.27M | 52.69M | 25.97M | 0.00 | 318.11K |
WonderFi Technologies Inc Technical Analysis
WonderFi Technologies Inc Peers Comparison
WonderFi Technologies Inc Corporate Events
WonderFi Technologies Inc. announced significant growth in their digital asset treasury, reporting a 48% unrealized gain in Bitcoin and 18% in Ethereum since Q3 2024. This growth is bolstered by macroeconomic tailwinds and favorable regulatory indications from the incoming American administration, enhancing optimism for future value provision to clients and shareholders. Additionally, Coinsquare and Bitbuy, part of WonderFi’s portfolio, have launched trading for the new Trump coin. As of January 17, 2025, WonderFi’s aggregate digital asset portfolio reached approximately CAD$15.1 million, reflecting a robust rebalancing strategy and positioning WonderFi as a leader in the evolving digital asset space.
WonderFi Technologies Inc. has appointed Paul Pathak to its Board of Directors, enhancing its governance and public market expertise. This strategic move aligns with the company’s board refreshment practices and aims to support WonderFi’s transformation by leveraging Pathak’s extensive experience in corporate, securities, and commercial law. As WonderFi continues to mature, the addition of Pathak, a seasoned lawyer with experience in Canadian and American stock exchanges, is expected to contribute significantly to the company’s value delivery to clients and shareholders.
WonderFi Technologies Inc. has acquired intellectual property from Blade Labs Corp., focusing on Solana ecosystem tools and infrastructure, as part of its strategy to enhance on-chain offerings. This acquisition, which includes Solana debugging tool Bokken, aligns with WonderFi’s goal to support the Solana network amid its record growth, positioning the company to drive further on-chain growth.
WonderFi Technologies Inc. has announced a record fourth-quarter 2024 financial guidance, projecting total revenue and interest income between $20.5 million and $21 million, marking a 156% increase from the previous quarter. The company expects to achieve a positive EBITDA margin of 21-22% and anticipates cash and digital assets to surpass $48.5 million by year-end. With significant client asset growth and trading volumes through its platforms Bitbuy and Coinsquare, WonderFi has also repurchased and canceled 7.3 million common shares. These developments highlight WonderFi’s strong operational strategy and solidify its position as a leader in the digital asset industry.
WonderFi Technologies Inc. reported record-breaking achievements in November 2024, with significant increases in client assets, user registrations, and trading volumes on its crypto platforms, Bitbuy and Coinsquare. The company saw a 141% rise in revenue and interest income, driven by strong market momentum and promotional efforts. These milestones underscore WonderFi’s position as a leading platform in the crypto trading space.
WonderFi Technologies has achieved a significant milestone with its Bitbuy and Coinsquare platforms, surpassing $2 billion in client assets under custody, marking a 110% increase year-to-date. The company’s platforms have also seen a notable surge in staked assets, reflecting growing investor confidence in digital assets as a long-term investment.
WonderFi Technologies Inc. has reported record weekly trading activity on its regulated crypto platforms, Bitbuy and Coinsquare, driven by a surge in trading volume, revenue, and user engagement following the U.S. Presidential election. The company saw significant gains in retail trading volume, with Bitbuy and Coinsquare experiencing increases of 82% and 86% respectively, while assets under custody rose by 34% to $1.7 billion. This impressive growth underscores WonderFi’s position as the largest regulated crypto trading platform in Canada, offering a secure and innovative environment for cryptocurrency investors.
WonderFi Technologies Inc. has reported a robust financial performance for the third quarter of 2024, with a 153% increase in revenue and interest income, totaling $41 million over nine months. The company also facilitated $2.3 billion in crypto trading volumes and reduced corporate expenses by 22% compared to the previous year. Additionally, WonderFi launched new services and expanded its international presence, particularly in the Asia-Pacific region.