)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
ETHZilla (ETHZ) investor relations material
ETHZilla Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Completed a strategic rebrand to ETHZilla, divested legacy biotech and other non-core assets, and shifted to an Ethereum-focused digital asset platform with over 70% of ETH deployed in staking and DeFi protocols as of September 30, 2025.
Raised $931 million through private placement and convertible notes, supporting ETH purchases, infrastructure, and strategic transformation.
Established partnerships with Electric Capital, Ether.fi, Puffer Finance, and acquired a 15% stake in Liquidity.io to drive yield generation and regulated tokenized asset trading.
Generated $4.1 million in Q3 2025 revenue from ETH staking yields and DeFi incentive tokens, marking the first quarter of digital asset income.
Resolved legacy litigation, implemented a $250 million stock repurchase program, and appointed new executive leadership.
Financial highlights
Q3 2025 revenue reached $4.1 million, primarily from ETH staking and DeFi rewards.
Net loss from continuing operations was $208.7 million for Q3 and $212 million for the nine months ended September 30, 2025, mainly due to non-cash stock-based compensation and one-time expenses.
Adjusted EBITDA was $8.5 million in Q3 2025, with a significant positive margin after adjustments.
Total assets grew to $1.01 billion as of September 30, 2025, with $558.9 million in cash and equivalents.
Net asset value stood at $445 million as of September 30, 2025, with 70% of ETH holdings deployed.
Outlook and guidance
Expects revenue-generating real-world assets (RWAs) on-chain in Q4, with yield run rate projected between 3.5% and 4.5%.
Positive adjusted EBITDA anticipated in Q4 2025, with continued focus on ETH accumulation, staking, and DeFi activities.
Will provide formal 2026 outlook after Q4, once visibility into tokenization business improves.
Plans to continue opportunistic share repurchases under a $250 million authorization.
Explain tokenization business scaling model
Higher ETH yield vs. share repurchase strategy?
Tokenized RWA collateralization in DeFi?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ETHZilla earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage