WonderFi Technologies (WNDR) Q4 2024 earnings summary

Executive summary

• Achieved record annual revenue and interest income of $62.1 million in FY2024, up 108% year-over-year.

• Processed $3.57 billion in crypto trading volumes in FY2024, a 28% increase from FY2023.

• Positive adjusted EBITDA of $12 million in 2024, compared to negative $4.8 million in 2023.

• Expanded client assets under custody to $2.1 billion, up 109% year-over-year.

• Completed key acquisitions and launched new products, including WonderFi Labs and Wonder Wallet.

Financial highlights

• Combined revenue and interest income reached $62.1 million in 2024, up 108% from 2023.

• Cash and digital assets balance rose to $48.7 million as of December 31, 2024, a 31% increase year-over-year.

• Adjusted EBITDA improved to $12 million in 2024 from negative $4.8 million in 2023, a 345% increase.

Outlook and guidance

• Well-positioned to build on momentum in 2025, with continued innovation and expansion planned.

• Full launch of Wonder Chain Layer-2 blockchain expected by mid-2025.

• Plans to expand derivatives access through partnership with Eightcap, pending regulatory approvals.