Earnings release
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ANTALPHA Antalpha Reports Second Quarter 2026 Results August 19 , 2026 SINGAPORE , Aug. 19 , 2026 ( GLOBE NEWSWIRE ) -- Antalpha Platform Holding Company ( NASDAQ : ANTA ) ( " Antalpha " or the " Company " ) today announced its unaudited financial results for the second quarter ended June 30 , 2026 . " During the second quarter , we executed across our financing , technology and risk management businesses , " said Paul Liang , Chief Financial Officer of Antalpha . " As financing activity moderated during the quarter , we were selective in deploying capital by prioritizing portfolio quality and long - term client relationships while improving funding efficiency . Antalpha Prime , our flagship financing platform and primary revenue and earnings contributor , delivered operating profitability while maintaining our record of zero principal loss since inception , demonstrating the strength of our underwriting discipline and risk management framework . " " Our consolidated financial results primarily reflected unrealized fair - value adjustments related to Aurelion's tokenized gold holdings , which impacted reported results but did not reflect the underlying operating performance of Antalpha Prime . We believe it is important to evaluate these reported results alongside the continued operating performance of Antalpha Prime as we execute our long - term strategy . " " We believe that disciplined operations and risk management are the foundation for creating long - term shareholder value . As such , we will deploy capital selectively , enhance our financing platform , and advance high ROI complementary capabilities such as our tokenized gold platform and Web3 Al agent , Nina . " Second Quarter 2026 Financial Highlights ( In US $ 1 millions , unaudited ) Total Revenue Net income attributable to Antalpha * Adjusted EBITDA ( non - GAAP ) ** Adjusted EBITDA Margin ( non - GAAP ) * ( In US $ 1 millions , unaudited ) Supply Chain TVL Margin Loan TVL *** Total Value of Loans ( TVL ) Facilitated For the three Months Ended June 30 , 2025 2026 YOY $ 17.0 $ 12.2 ( 28 % ) $ 0.7 ( $ 12.5 ) NM $ 3.8 ( $ 27.4 ) NM 22 % ( 225 % ) NM As of June 30 , 2025 2026 YOY $ 714 $ 384 ( 46 % ) $ 1,335 $ 2,049 $ 969 ( 27 % ) $ 1,353 ( 34 % ) * The Company's Q2 2026 results reflect the consolidated results of the Company and Aurelion ( NASDAQ : AURE ) following the acquisition of a controlling interest in Aurelion on October 10 , 2025 , whereas Q2 2025 results represent the Company's standalone results . ** Please see " Non - GAAP Measures " and " Reconciliations of non - GAAP financial measures to the nearest comparable GAAP measures " below for further information on non - GAAP numbers . *** Antalpha earns technology platform fees on margin loans , which it acts as an agent and assumes no principal credit exposure . Second Quarter 2026 Performance Highlights • Revenue • Total revenue was $ 12.2 million , compared with $ 17.0 million in the second quarter of 2025 , down 28 % year - over - year ( " YOY ” ) . Excluding revenue associated with the Cango facility repaid in the first quarter of 2026 , revenue was $ 11.6 million , down approximately 15 % YOY , primarily reflecting lower average loan balances across the remaining loan portfolio . • Technology financing fees were $ 7.7 million , down 40 % YOY , primarily reflecting the wind - down of the Cango