WonderFi Technologies (WNDR) Q3 2025 earnings summary

Executive summary

• Reported $11.7 million in revenue and interest income for Q3 2025, a 47.5% increase year-over-year.

• Bitbuy and Coinsquare platforms exceeded $2.3 billion in client assets under custody as of September 30, 2025.

• Positive adjusted EBITDA achieved in Q3 2025, reversing a loss from Q3 2024.

• Six new tradeable assets launched, generating $13.7 million in incremental trading volume.

Financial highlights

• Revenue and interest income grew 47.5% year-over-year to $11.7 million in Q3 2025.

• Adjusted EBITDA turned positive after excluding non-cash items such as share-based payments and depreciation.

Outlook and guidance

• Anticipates Robinhood acquisition to close in the first half of 2026, pending regulatory approval and integration work.

• Parties are discussing an amendment to extend the outside date for the transaction.