)

K33 (K33) investor relations material
K33 Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 108% year-over-year revenue growth in Q2 2025, reaching 399M SEK, despite a 25% decline in general market volumes, driven by market share gains and resilience in trading activity.
Implemented a Bitcoin Treasury Strategy, accumulating 126 BTC as a first step toward a 1,000 BTC target, strengthening financial position and product platform.
Launched Smart Limit Orders, enhancing trading precision and execution for clients.
Submitted MiCA license application to the Norwegian FSA, aiming for regulatory approval by year-end.
Provides brokerage, custody, and strategic Bitcoin treasury services to high net worth, institutional, and corporate clients globally.
Financial highlights
Q2 2025 revenue was 399,226 KSEK, up 108% year-over-year but down 11% sequentially as market volumes fell ~25%.
Adjusted EBITDA for Q2 2025 was 165 KSEK, with positive operational cash flow.
Trading volumes in Q3 are on track to be more than twice as high as in Q2, with 803M SEK already traded as of August 26.
EBIT for Q2 2025 was -3,271 KSEK, and net result for the period was -3,486 KSEK.
For the first half of 2025, revenue was 849,391 KSEK, up from 335,650 KSEK in 1H 2024.
Outlook and guidance
Expects continued rapid business growth as regulatory clarity (MiCA) attracts more institutional players.
On track to double Q2 trading volumes in Q3, with strong momentum continuing.
Regulatory approval for MiCA license expected by year-end, supporting product expansion and compliance.
Ongoing product development and partnership expansion, especially with banks and traditional financial institutions.
Continued focus on expanding Bitcoin reserves and leveraging balance sheet strength for new products and client value.
Next K33 earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage