Antalpha Platform Holding Company (ANTA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to NLFAR's fourth quarter and full year 2025 earnings conference call. Today's call is being recorded. All participants are now in a listen-only mode. After management prepare 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 Blue Shirts 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 to differ materially. For discussion of these risks, please refer to Ad Office Filings with the SEC. We do not undertake any obligation to update forward-looking statements except as required by law. This call also contains references to unaudited non-GAAP financial measures. Reconciliation to the most comparable GAAP measures can be found in our press release and SEC filings. I'll now turn the call over to Herman Yu, Head of Strategy at AntAlpha. Herman will provide key operational highlights, followed by Paul Yang, who will provide financial highlights. On the call today, both Herman and Paul will discuss our results on a year-over-year basis, unless they mention otherwise. Herman, please go ahead. Welcome, everyone. Thank you for joining our call today. And Alpha delivered a strong fourth quarter to wrap up a milestone year, reflecting the continued execution across our long-term roadmap. Revenue growth accelerated every quarter throughout 2025, with fourth quarter revenue reaching 28 million, up 110% year-over-year. Despite Bitcoin prices declining 23% in the fourth quarter, Nalpha revenue remained res...