Antalpha Platform Holding Company has authorized a share‑repurchase program of up to $10 million in ordinary shares, to be executed through December 31, 2026. The program will allow the company to buy back shares on the open market or through private transactions, giving it flexibility to return value to shareholders while preserving capital for future growth initiatives.
The authorization comes on the back of a robust Q3 2025 financial performance. Total revenue rose 62% year‑over‑year to $21.1 million, driven largely by a doubling of tech‑platform fees on margin loans and strong demand for supply‑chain loans. Net income surged 440% to $7.0 million, and the adjusted EBITDA margin expanded to 40% from 30% in the prior year. The company also facilitated $2.4 billion in total loans, a 60% increase from the previous year, underscoring the scalability of its Prime lending platform.
Revenue growth was supported by a mix of higher‑margin margin‑loan fees and a surge in supply‑chain financing, which together offset the 69% year‑over‑year rise in operating expenses. The expense increase reflects investments in technology and risk‑management infrastructure that are expected to pay off as the business scales. Despite the expense growth, the company’s margin expansion indicates that pricing power and operational leverage are outweighing cost pressures.
CFO Paul Liang emphasized that the strong operating momentum and expanding margins give Antalpha the financial flexibility to pursue a share‑repurchase program. “Our performance gives us the confidence to return value to shareholders while maintaining the flexibility to invest in growth opportunities,” Liang said. He added that the company’s anchor investment in Aurelion, a Tether‑Gold‑RWA‑focused firm, is bolstering balance‑sheet resilience and expanding loan offerings, including XAU₮‑backed loans that help clients weather market volatility.
The Aurelion investment is a strategic move that complements Antalpha’s core fintech services. By integrating gold‑backed collateral, the company can offer more diversified financing solutions to institutional clients, potentially opening new revenue streams and strengthening its competitive position in the digital‑asset lending market.
The share‑repurchase program signals management’s confidence in Antalpha’s financial health and its ability to generate excess cash. By returning capital to shareholders while keeping a flexible capital structure, the company positions itself to capitalize on future opportunities in the rapidly evolving digital‑asset financing space.
The program’s flexibility—allowing purchases on the open market or through private transactions—provides Antalpha with the ability to adjust the pace of buybacks in response to market conditions, ensuring that the program supports shareholder value without compromising liquidity for strategic initiatives.
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