Amber International (AMBR) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw record revenue and gross profit, validating the institutional-first strategy and scalability of the digital wealth management platform, driven by significant growth in wealth management and successful integration of acquired businesses.

• The company is undergoing a strategic reset to unlock the full potential of its institutional platform, focusing on sustainable competitive advantages and operational clarity.

• Leadership team, with deep experience, is driving renewed focus on elite clients and technology-driven solutions, including technology integration, tokenization, and expanding real-world asset offerings.

• Client assets on platform rose 35.7% year-over-year to $1.54 billion, with cumulative KYC'ed users up 20.8% to 4,911.

Financial highlights

• Q2 2025 revenue was $21 million, a 2,317.9% increase year-over-year, driven by wealth management and integration of iClick; H1 2025 revenue reached $35.9 million.

• Wealth management revenue rose to $11.5 million from $0.6 million year-over-year; execution solutions revenue was $2 million, up from $24,000.

• Gross profit reached $15 million, with gross margin improving to 71.3% from 33% year-over-year.

• Operating loss narrowed to $0.8 million from $1.6 million year-over-year; net income was $0.7 million, down from $1.5 million due to lower other gains.

• Cash and equivalents stood at $25.8 million as of June 30, 2025, up from $9.3 million at year-end 2024.

Outlook and guidance

• Q3 2025 revenue for Amber Premium expected between $11 million and $12.5 million, reflecting current market conditions and institutional adoption.

• Guidance is now provided quarterly due to market volatility and slower-than-expected licensing progress; full-year 2025 guidance withdrawn due to anticipated Q4 volatility.

• Focus remains on disciplined cost management and enhanced financial reporting post-merger.