OBOOK Holdings Inc. (OWLS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, and welcome to Old Book Holdings first half 2026 earnings conference call. Old Book Holdings operates under the Altin Group brand, so throughout today's call, we will refer to the company as Altin. This call is pre-recorded. I'm Henry Fan, investor relations director, and I'll be your host today. Joining me are our founder and chief executive officer, Darren Wong, and our chief financial officer, Winnie Lin. Before we begin, I would like to remind everyone that today's discussion contains forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations. For a more detailed discussion of these risks and uncertainties, please refer to our following with the U.S. Securities and Exchange Commission. Over the past several years, we have invested in the regulatory, banking, compliance, settlement, and technology infrastructure required to support global stablecoin-enabled payments. During the first half of 2026, we began moving from infrastructure build-out and client onboarding into live production and transaction processing. As a result, our first half financial results captured only the early stage of these commercializations. While our more recent operating data reflect a meaningful different level of activity following the period end, I think our distinction is particularly important when evaluating the company today. The first half largely reflects the cost base and infrastructure required to prepare the platform to commercialize. The operating data we are seeing more recently begin to show what happened, as that infrastructure is increasingly utilized by enterprise customers. So as investors evaluate our progress from here, we believe there are sever...