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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Antalpha Platform
Antalpha Platform (ANTA) investor relations material
Antalpha Platform Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary3 Mar, 2026
Executive summary
Q4 2025 revenue grew 110% year-over-year to $28 million; full-year revenue up 68% to $80 million.
Net income attributable to shareholders rose 461% in Q4 and 321% for the year, reaching $9.3 million and $18.5 million, respectively.
Adjusted EBITDA for Q4 was $18.4 million (66% margin), and for the year $33.2 million (42% margin), both up significantly YoY.
Organic growth was driven by technology financing and platform fees, with no contribution from the Aurelion consolidation in Q4.
Strategic focus on risk management, product innovation, and diversification into tokenized gold and AI-driven opportunities.
Financial highlights
Q4 revenue: $28 million, all organic, no Aurelion contribution.
Technology financing fees reached $18.5 million in Q4 (up 79% YoY); platform fees $6 million in Q4 (up 98% YoY).
Q4 adjusted EBITDA: $18.4 million, margin 66% (up 51 points YoY); full-year adjusted EBITDA: $33.2 million, margin 42%.
Prime adjusted EBITDA: $9 million (Q4), margin 32% (up from 15% YoY); Aurelion Q4 adjusted EBITDA: $9.4 million, driven by $10.4 million unrealized gain on Tether Gold.
Total Value of Loans (TVL) facilitated on Prime reached $2.6 billion, up 59% YoY; Bitcoin collateral totaled $3.7 billion.
Outlook and guidance
Q1 2026 revenue guidance: $20–$23 million, representing 47%–69% YoY growth.
Guidance reflects removal of $3.5 million in one-time Q4 revenue and potential early loan retirements.
Guidance assumes continued demand for crypto-collateralized financing and stable market conditions.
Continued focus on risk management, AI-driven opportunities, and tokenized gold innovation.
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Next Antalpha Platform earnings date
Q1 202611 May, 2026
Antalpha Platform
Next Antalpha Platform earnings date
Q1 202611 May, 2026
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