Amber International (AMBR) Q3 2025 earnings summary

Executive summary

• Achieved significant operational profitability in Q3 2025 with $1.4M operating income, 8% margin, and $2.2M net income from continuing operations, reflecting a turnaround from prior losses.

• Client assets on platform grew 69.8% year-over-year to $1.84B, with 20% quarter-over-quarter growth and cumulative KYC'ed users up 20.4%.

• Board authorized a share repurchase program, with up to $50M to be executed over 12 months, reflecting confidence in business momentum and valuation.

• Continued strategic focus on Ultra High Net Worth and institutional clients, leveraging diversified revenue streams and deeper engagement.

• Launched proprietary AI initiatives and a full-stack RWA tokenization platform, targeting operational efficiency and new revenue streams.

Financial highlights

• Q3 2025 revenue was $16.3M, up 1,934.6% year-over-year, with gross profit of $11.8M and gross margin at 72.3%.

• Net income from continuing operations was $2.2M, reversing a $0.8M loss in Q3 2024; adjusted EBITDA was $2.9M.

• Cash and equivalents stood at $39.9M as of September 30, 2025, up from $9.3M at year-end 2024.

• Q2 2025 revenue reached $21.0M, with gross profit of $15.0M and gross margin at 71.4%.

• Adjusted EBITDA for Q2 2025 was $172,000, and net income was $728,000.

Outlook and guidance

• Full-year 2025 revenue guidance for Amber Premium segments is $50M–$52.5M, reflecting sustainable institutional demand and diversified revenue streams.

• Focus on promoting institutional adoption, expanding tokenization and on-chain exposure, and integrating AI-driven AgentFi solutions.

• Ongoing disciplined cost management and enhanced financial reporting are expected to drive further operating leverage.