Overview
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- TickerANTA on Nasdaq1
- Industryfintech1
- HeadquartersSingapore1
- Websitewww.antalpha.com
- Incorporated inCayman Islands5
- Business address7 Temasek Boulevard, #31-02, Suntec Tower One, 0389875
- Filer categoryNon-accelerated filer, Emerging growth company5
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Supply chain financing for the Bitcoin mining industry represents a significant and largely untapped market opportunity.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
18.8%Operating margin4
30.7%Net margin4
67.9%Revenue growth, 20254
20.4%Return on equity4
-$4.2MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Technology Financing Fee brought in 54% of the revenue Antalpha Platform Holding Company broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Technology Financing Fee | $10.4M | $38.7M | $43.1M |
| Technology Platform Fee | $914.1K | $8.8M | $19.0M |
| Technology Financing Fee Related Party | $14.1M | ||
| Others | $3.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs66¢$52.9M
- Income tax3¢$2.3M
- Profit31¢$24.4M
Out of $79.7M in revenue.4
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenue | $79.7M | $47.5M | $11.3M |
| Funding cost - related party | $40.6M | $24.6M | $6.3M |
| Technology and development | $6.3M | $4.9M | $3.1M |
| Sales and marketing | $8.0M | $4.3M | $2.7M |
| General and administrative | $18.9M | $9.1M | $6.3M |
| Fair value gain on crypto assets | -$5.2M | ||
| Fair value gain on crypto assets - related party | -$5.2M | ||
| Other cost | $1.3M | $1.4M | $506.8K |
| Total operating expenses | $64.7M | $44.3M | $18.9M |
| Operating (loss)/income | $15.0M | $3.2M | -$7.6M |
| Other (loss)/income, net | $5.7M | $1.8M | -$280.3K |
| Fair value (loss) on crypto assets held, net | -$23.7K | -$745.1K | -$8.0K |
| Fair value gain on crypto receivables/payables, net | $5.4M | ||
| Fair value changes on crypto assets receivables/payables,net - related party | $676.1K | $744.4K | $7.2K |
| (Loss)/Income before income tax | $26.8M | $5.0M | -$7.9M |
| Income tax (benefit)/expense | $2.3M | $567.0K | -$1.3M |
| Net (loss)/income | $24.4M | $4.4M | -$6.6M |
| Foreign currency translation adjustment | $60.0K | ||
| Comprehensive (loss)/income | $24.5M | $4.4M | -$6.6M |
| Net income attributable to non-controlling interests | $5.9M | ||
| Net (loss)/income attributable to Antalpha | $18.5M | $4.4M | -$6.6M |
| Total comprehensive income attributable to non-controlling interests | $6.0M | ||
| Total comprehensive (loss)/income attributable to Antalpha | $18.5M | $4.4M | -$6.6M |
| Basic (in Shares) | 22.1M shares | 19.2M shares | 19.2M shares |
| Diluted (in Shares) | 24.8M shares | 19.4M shares | 19.2M shares |
| Basic (in Dollars per share) | $0.84 | $0.23 | -$0.34 |
| Diluted (in Dollars per share) | $0.75 | $0.23 | -$0.34 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $7.9M | $5.9M |
| USDC | $979.1K | $925.2K |
| Crypto assets held | $11.6M | $60.0M |
| XAUt | $72.5M | |
| Accounts receivable | $8.0M | $4.1M |
| Loan receivables, net, current | $330.6M | $300.7M |
| Prepaid expenses and other current assets | $6.6M | $4.3M |
| Crypto assets collateral receivable from related party, current | $429.9M | $666.0M |
| Total current assets | $874.2M | $1.0B |
| Deferred tax assets | $422.9K | $1.2M |
| Deferred offering costs | $480.6K | $1.7M |
| Loan receivables due from related party, net, non-current | $556.9M | |
| Loan receivables, net, non-current | $113.3M | $128.2M |
| Crypto assets collateral receivable from related party, non-current | $827.0M | $71.0M |
| Property and equipment, net | $437.7K | $199.1K |
| Right-of-use assetsoperating leases | $2.0M | $2.4M |
| Goodwill | $21.7M | |
| Intangible assets | $259.2K | |
| Investments | $10.3M | $5.8M |
| Total non-current assets | $1.5B | $210.6M |
| Total assets | $2.4B | $1.3B |
| Operating lease liabilities, current | $668.0K | $1.5M |
| Accrued expenses and other current liabilities | $11.0M | $7.5M |
| Crypto assets collateral payable to customers, current | $429.1M | $693.9M |
| Total current liabilities | $753.7M | $990.2M |
| Crypto assets collateral payable to related party, non-current | $659.6M | |
| Crypto assets collateral payable to customers, non-current | $69.0M | $88.9M |
| Operating lease liabilities, non-current | $1.6M | $953.8K |
| Total non-current liabilities | $1.5B | $218.1M |
| Total liabilities | $2.2B | $1.2B |
| As of December 31, 2024: 50,000,000 ordinary shares authorized at US$0.001 par value; 19,250,000 ordinary shares issued and outstanding. As of December 31, 2025: 59,375,000 Class A Ordinary Shares and 3,125,000 Class B Ordinary Shares authorized, each at US$0.001 par value; 23,980,257 Class A Ordinary Shares issued and outstanding and no Class B Ordinary Shares issued and outstanding | $24.0K | $19.2K |
| Treasury share | -$32.7K | |
| Accumulated (losses)/income | $16.3M | -$2.2M |
| Additional paid-in capital | $103.4M | $48.6M |
| Accumulated other comprehensive income | $19.0K | |
| Total shareholders equity | $119.7M | $46.4M |
| Non-controlling interests | $82.6M | |
| Total liabilities and shareholders equity | $2.4B | $1.3B |
| Ordinary share authorized (in Shares) | 50.0M shares | |
| Ordinary share par value (in Dollars per share) | $0.00 | |
| Ordinary share issued (in Shares) | 19.2M shares | |
| Ordinary share outstanding (in Shares) | 19.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $7.9M | $5.9M |
| USDC | $979.1K | $925.2K |
| Crypto assets held | $11.6M | $60.0M |
| XAUt | $72.5M | |
| Accounts receivable | $8.0M | $4.1M |
| Loan receivables, net, current | $330.6M | $300.7M |
| Prepaid expenses and other current assets | $6.6M | $4.3M |
| Crypto assets collateral receivable from related party, current | $429.9M | $666.0M |
| Total current assets | $874.2M | $1.0B |
| Deferred tax assets | $422.9K | $1.2M |
| Deferred offering costs | $480.6K | $1.7M |
| Loan receivables due from related party, net, non-current | $556.9M | |
| Loan receivables, net, non-current | $113.3M | $128.2M |
| Crypto assets collateral receivable from related party, non-current | $827.0M | $71.0M |
| Property and equipment, net | $437.7K | $199.1K |
| Right-of-use assetsoperating leases | $2.0M | $2.4M |
| Goodwill | $21.7M | |
| Intangible assets | $259.2K | |
| Investments | $10.3M | $5.8M |
| Total non-current assets | $1.5B | $210.6M |
| Total assets | $2.4B | $1.3B |
| Operating lease liabilities, current | $668.0K | $1.5M |
| Accrued expenses and other current liabilities | $11.0M | $7.5M |
| Crypto assets collateral payable to customers, current | $429.1M | $693.9M |
| Total current liabilities | $753.7M | $990.2M |
| Crypto assets collateral payable to related party, non-current | $659.6M | |
| Crypto assets collateral payable to customers, non-current | $69.0M | $88.9M |
| Operating lease liabilities, non-current | $1.6M | $953.8K |
| Total non-current liabilities | $1.5B | $218.1M |
| Total liabilities | $2.2B | $1.2B |
| As of December 31, 2024: 50,000,000 ordinary shares authorized at US$0.001 par value; 19,250,000 ordinary shares issued and outstanding. As of December 31, 2025: 59,375,000 Class A Ordinary Shares and 3,125,000 Class B Ordinary Shares authorized, each at US$0.001 par value; 23,980,257 Class A Ordinary Shares issued and outstanding and no Class B Ordinary Shares issued and outstanding | $24.0K | $19.2K |
| Treasury share | -$32.7K | |
| Accumulated (losses)/income | $16.3M | -$2.2M |
| Additional paid-in capital | $103.4M | $48.6M |
| Accumulated other comprehensive income | $19.0K | |
| Total shareholders equity | $119.7M | $46.4M |
| Non-controlling interests | $82.6M | |
| Total liabilities and shareholders equity | $2.4B | $1.3B |
| Ordinary share authorized (in Shares) | 50.0M shares | |
| Ordinary share par value (in Dollars per share) | $0.00 | |
| Ordinary share issued (in Shares) | 19.2M shares | |
| Ordinary share outstanding (in Shares) | 19.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss)/income | $24.4M | $4.4M | -$6.6M |
| Depreciation of property and equipment | $143.8K | $29.5K | $14.7K |
| Amortization of right-of use assets | $805.3K | $800.7K | $502.4K |
| Amortization of intangible assets | $51.9K | ||
| Write off of plant and equipment | $4.4K | ||
| Bad debt written off - other receivable | $69.9K | ||
| Allowance for expected credit losses | $324.9K | ||
| Deferred income taxes | $795.9K | $464.0K | -$1.3M |
| Share-based compensation | $4.8M | $129.4K | |
| Unrealized loss/(gain) on foreign exchange | -$51.8K | $111.7K | $412.6K |
| Fair value loss/(gain) on crypto assets and liabilities | -$6.0M | $767 | $831 |
| Fair value gain on crypto assets | -$10.4M | ||
| Crypto assets received as revenue | -$48.2M | -$46.8M | -$7.5M |
| Crypto assets received as revenue - USDC | -$979.1K | ||
| Crypto assets paid as costs and expenses | $33.2M | $22.6M | $6.5M |
| Crypto assets received as other income | -$6.5M | ||
| Crypto assets paid as other expense | $167.7K | ||
| Accounts receivable | -$3.9M | -$834.7K | -$3.8M |
| Amount due from related parties | -$4.3M | -$1.2M | -$594.5K |
| Prepaid expenses and other current assets | $232.6K | -$1.7M | $60.7K |
| Accrued expenses and other current liabilities | $1.5M | $5.3M | $1.0M |
| Amount due to related parties | $740.6K | $6.7M | $439.4K |
| Conversion of proprietary crypto assets to fiat currency - USDC | $925.2K | ||
| Conversion of proprietary crypto assets to fiat currency | $9.3M | ||
| Operating lease obligations | -$815.3K | -$1.8M | -$1.4M |
| Net cash used in operating activities | -$3.8M | -$11.7M | -$12.2M |
| Loans provided to customers | -$11.2K | -$77.7M | -$34.9M |
| Loans repaid by customers | $846.6K | $1.7M | |
| Acquisition of fixed assets | -$380.1K | -$160.1K | -$61.5K |
| Acquisition of intangible assets | -$311.1K | ||
| Acquisition of long term investment | -$7.0M | ||
| Net cash used in investing activities | -$6.9M | -$76.2M | -$35.0M |
| Issuance of common shares to shareholders | $4.4K | $19.2K | |
| Loans borrowed from related party | $77.7M | $34.9M | |
| Loans repaid to related party | -$54.4M | -$18.7M | |
| Deemed capital contribution | $5.2M | $12.5M | |
| Funding from Parent Group upon completion of 2024 Reorganization | $30.0M | ||
| Net proceeds from initial public offering (IPO) | $53.2M | ||
| Payments for deferred offering costs | -$850.0K | ||
| Purchase of treasury shares | -$32.7K | ||
| Proceeds from exercise of share options | $154 | ||
| Net proceeds from private placement | $13.8M | ||
| Net cash provided by financing activities | $12.6M | $93.4M | $47.5M |
| Effect of exchange rate changes on cash and cash equivalents | -$12.5K | ||
| Net increase in cash and cash equivalents | $1.9M | $5.5M | $229.6K |
| Cash paid for income tax | $6.1K | $287 | |
| Crypto assets received as revenue | $48.2M | $46.8M | $7.5M |
| Crypto assets received as revenue - USDC | $979.1K | ||
| Crypto assets paid as costs and expenses | -$33.2M | -$22.6M | -$6.5M |
| Crypto assets received as other income | $6.5M | ||
| Crypto assets paid as other expense | -$167.7K | ||
| Deposit/(withdrawal) of custodial crypto assets, net | -$1.9M | -$373.7K | $646.3K |
| Loans provided to related party | -$278.4M | ||
| Loans provided to customers | -$887.9M | -$614.3M | -$309.8M |
| Loans provided to customers USDC | -$9.6M | ||
| Loans repaid by customers | $593.2M | $605.5M | $17.8M |
| Loans repaid by customers USDC | $428.5K | ||
| Collateral received from related party | $279.9M | ||
| Collateral received from customers | $1.9B | $1.2B | $415.0M |
| Collateral returned to customers | -$1.8B | -$762.4M | -$51.3M |
| Acquisition of investment | -$5.0M | -$3.0M | |
| Loans borrowed from related party | $1.2B | $580.0M | $309.8M |
| Loans borrowed from related party USDC | $9.6M | ||
| Loans repaid to related party | -$508.1M | -$575.3M | -$17.8M |
| Loans repaid to related party USDC | -$428.5K | ||
| Collateral pledged to related party | -$2.1B | -$1.2B | -$415.0M |
| Collateral returned from related party | $1.7B | $829.4M | $51.3M |
| Margin loan payment collected from related party | $536.4M | $335.4M | |
| Margin loan payment remitted to customer | -$521.2M | -$326.9M | |
| Margin loan repayment collected from customer | $463.9M | $118.0M | |
| Margin loan repayment returned to related party | -$485.6M | -$120.8M | |
| Margin loan collateral collected from customer | $584.0M | $132.1M | |
| Margin loan collateral remitted to related party | -$569.0M | -$132.1M | |
| Margin loan collateral collected from related party | $1.0B | $485.0M | |
| Margin loan collateral returned to customer | -$1.0B | -$485.0M | |
| Margin loan interest collected from customer | $58.0M | $15.6M | |
| Margin loan interest collected from customer - USDC | $1.6K | ||
| Margin loan interest remitted to related party | -$58.0M | -$15.6M | |
| Margin loan interest remitted to related party - USDC | -$1.6K | ||
| Fund inflows between customers and related party through shared accounts | $34.5M | $2.7M | |
| Fund outflows between customers and related party through shared accounts | -$37.3M | ||
| Proceeds of amount due to related party | $4.5M | $55.5K | $5.5M |
| Repayment of amount due to related party | -$1.7M | -$3.0M | -$3.2M |
| Deemed capital contribution - USDC | -$100.0K | $1.0M | |
| Conversion of proprietary crypto assets to fiat currency - USDC | -$925.2K | ||
| Conversion of proprietary crypto assets to fiat currency | -$9.3M | ||
| USDT payment to related party for Purchasing XAUt | -$104.1M | ||
| XAUt received from related party | $114.8M | ||
| Collateral pledged to related party - XAUt | -$92.3M | ||
| Proceeds from capital injection | $41.0M |
No quarter-by-quarter statement was filed.
Compare Antalpha Platform Holding Company with another company
Corporate structure
Antalpha Platform Holding Company sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Antalpha Platform Holding Company
- Tether Global Investments Fund, S.I.C.A.F., S.A. Filed SCHEDULE 13D/A on Antalpha Platform Holding Company, latest Jun 16, 2026 (2 filings since Apr 20, 2026)
- AMT Integrated Fund L.P. Filed SCHEDULE 13G on Antalpha Platform Holding Company, latest Aug 14, 2025
- Antalpha Technologies Holding Co Filed SCHEDULE 13G on Antalpha Platform Holding Company, latest Aug 14, 2025
- Antalpha Platform Holding Company Singapore
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Antalpha Platform Holding Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $727.8K4 Dec 31, 2025 | $340.2K4 Dec 31, 2024 | +113.9% |
| Accumulated depreciation | $290.1K4 Dec 31, 2025 | $141.1K4 Dec 31, 2024 | +105.6% |
| Property and equipment, net | $437.7K4 Dec 31, 2025 | $199.1K4 Dec 31, 2024 | +119.8% |
| Operating-lease assets (leased space) | $2.0M4 Dec 31, 2025 | $2.4M4 Dec 31, 2024 | −16.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $7.9M4 Dec 31, 2025 | $5.9M4 Dec 31, 2024 | +32.5% |
| Long-term investments | $10.3M4 Dec 31, 2025 | $5.8M4 Dec 31, 2024 | +77.4% |
Intangibles and goodwill
Leadership
Who has led Antalpha Platform Holding Company, and when. Pick a name to see everywhere that person has worked.
- Chief financial officerGuanning Liang Mar 16, 2026 to now7
- Chief operating officerDerar Islim Mar 13, 2026 to now8
Board members and other officers (3)
- Board memberHanhui Sun Mar 12, 2026 to now9
- Board memberGuanning Liang Mar 16, 2026 to now7
- Board member(yw) Yang Wang Mar 18, 2026 to now10
Timeline
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.28 a share, on Nov 10, 2025.11
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
59 filings to the SEC since October 2021: 1 annual reports, 5 insider forms, 4 large holders, 49 other. The latest 20:
- Aug 20, 20266-K EDGAR
- Aug 11, 2026EFFECT EDGAR
- Jul 29, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
- Jul 28, 20266-K EDGAR
- Jul 2, 2026F-3 REGISTRATION STATEMENT EDGAR
- Jun 16, 2026SCHEDULE 13D/A EDGAR
- May 19, 20266-K EDGAR
- May 18, 20266-K EDGAR
- Apr 30, 20266-K EDGAR
- Apr 27, 20266-K EDGAR
- Apr 20, 2026SCHEDULE 13D EDGAR
- Apr 15, 20266-K EDGAR
- Apr 14, 202620-F ANNUAL REPORT EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 16, 20263 EDGAR
- Mar 13, 20263 EDGAR
- Mar 12, 20263 EDGAR
- Mar 4, 20266-K EDGAR
- Nov 25, 20256-K EDGAR
The 59 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Tether Global Investments Fund, S.I.C.A.F., S.A.SCHEDULE 13D/A, 2 filings Apr 20, 2026 to Jun 16, 202612
- AMT Integrated Fund L.P.SCHEDULE 13G, 1 filing Aug 14, 202513
- Antalpha Technologies Holding CoSCHEDULE 13G, 1 filing Aug 14, 202514
SEC filer profile
How Antalpha Platform Holding Company is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAntalpha Platform Holding Co2
- CIK0002044255
- Filer statusNon-accelerated filer an emerging growth company; not a shell company6
- Incorporated inCayman Islands6
- Fiscal year endsDecember 312
- Industry code (SIC)6221 Commodity Contracts Brokers & Dealers2
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
- Business address7 Temasek Boulevard, #31-02, Suntec Tower One, 038987, Singapore2
- Phone65 6513 88152
- Shares outstanding23,980,257 Common Class A shares as of Dec 31, 20256
- AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting6
- On EDGAR sinceDec 20, 20242
- Filings59 in all: 6-K (18), UPLOAD (6), 3 (5), CORRESP (5), DRSLTR (4), DRS/A (3), F-1/A (3), EFFECT (2)2
All 20 form types
SCHEDULE 13G (2), 20-F (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), F-3/A (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (20-F) Apr 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A ordinary shares, par value US$0.001 per share | ANTA | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Apr 14, 2026 (Section 12(b) of the Exchange Act).6
Links
- Websitewww.antalpha.com1
- WikidataQ140361256
- SEC EDGARCIK 2044255
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3Company websiteAntalpha Platform Holding Company logo
- 4
- 5
- 6
- 7
- 8SEC EDGARDerar Islim, Chief operating officer
- 9SEC EDGARHanhui Sun, Board member
- 10SEC EDGAR(yw) Yang Wang, Board member
- 11NasdaqNasdaq calendar
- 12
- 13
- 14