Hilbert Group (HILB) Q4 2024 earnings summary

Executive summary

• Achieved over 10x growth in assets under management (AUM) in Q4 2024, surpassing $300 million and integrating advanced AI and Coin360.com expansion.

• Growth driven by strategic partnership with Xapo Bank, acquisition of Liberty Road Capital, and proprietary crypto trading.

• Liberty Road acquisition expanded client base to high net worth and family offices, and brought advanced AI tools and IP.

• CEO transition effective January 2025, with Barnali Biswal taking over from co-founder Niclas Sandström.

• Major strategic moves included new digital asset management and trading platforms, and Coin360.com reboot.

Significant events and developments

• Secured mandate to manage Xapo Bank's Bitcoin Structured Credit Fund, now at 3,300 BTC with a 4.02% yield.

• Liberty Road Capital acquisition added $110 million in AUM and new trading strategies.

• Launched A360, a DeFi RWA platform for spot trading pre-IPO shares, in partnership with Galactica and CT.com.

• Coin360.com rebooted with advanced features, user-generated content, and new subscription models.

• Hilbert Capital selected as collateral source for Reservoir stablecoin, integrating tokenized fund strategies.

Financial highlights

• Q4 2024 revenue was SEK 42.2 million (KSEK 42,191.1), up from KSEK 7,628.9 year-over-year.

• Full-year 2024 revenue reached KSEK 112,977.5, a significant increase from KSEK 24,106.4 in 2023.

• Net loss for Q4 narrowed to just under SEK 1.5 million (KSEK -1,431.6); full-year net loss improved to KSEK -38,769.3.

• Year-end 2024 total assets reached $450 million, with projections to exceed $1.25 billion by year-end 2025.

• Projected 2025 total income of $11 million, with positive net cash flow of $6 million expected.