Overview
- The crypto platform posted Q3 net income of $18.5 million, equal to $0.10 per share, reversing a year‑ago loss.
- Adjusted revenue reached $76.5 million and adjusted EBITDA rose to $28.6 million, reflecting a stronger mix from services.
- Digital asset sales totaled $41.6 billion, down from $54.2 billion in the prior-year quarter.
- The newly launched options product has exceeded $1 billion in volume, quarter‑to‑date spot trading is up 77% from Q3, and U.S. spot access followed a September New York BitLicense.
- The company guided Q4 subscription, services and other revenue to $47–$53 million with adjusted operating expenses of $48–$50 million, while shares fell more than 5% after the release to trade below the $37 IPO price.