Antalpha Platform Holding Company (ANTA) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to NLFAR's third quarter 2025 earnings conference call. Today's call is being recorded. All participants are now in a listen-only mode. After management's prepared remarks, there will be a question and answer session. I would now like to turn the call over to Mr. Chris Mamoni, Managing Director of the Blucher Group and Representative for NLFAR's Investor Relations Team. Mr. Mamoni, please go ahead. Thank you, Operator. Please note that our remarks today will include forward-looking statements based on current expectations. These statements involve risks and uncertainties that could cause actual results that differ materially. For discussion of these risks, please refer to NALPHA's filings with the SEC. We do not undertake any obligation to update forward-looking statements except as required by law. Management may make remarks on the product and tax differentiation between an ETF and listed stock based on their understandings. The company is not providing tax or investment advice. Please consult your CPA and other licensed professionals for such advice. This call also contains reference to non-GAAP financial measures. Reconciliations to the most comparable GAAP measures can be found in our press release and SEC filings. Now, I'll turn the call over to Herman Yu, Head of Strategy for AntAlpha. Herman, please go ahead. Thank you, Chris, and good morning, everyone. AntAlpha delivered another strong quarter in Q3. We executed across major strategic initiatives, and our revenue grew 62% year-over-year, accelerating from the first half. For the fourth quarter, Analfa is expecting revenue to roughly double year-over-year. Both supply chain loans and margin loans contributed this momentum, reflecting the broader adoption of col...