NASDAQ$AMBR

Amber International Holding Lt · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Amber International Q2 2025: revenue surges to $21.0M on wealth management growth; adjusted EBITDA turns positive

Amber International Holding (AMBR) reported Q2 2025 revenue of $21.0 million, up more than 23-fold year over year, driven by explosive growth in wealth management solutions to $11.5 million and the post-merger inclusion of marketing and enterprise solutions revenue. Gross profit jumped to $15.0 million with margin expanding to 71.3% from 33.0% a year ago. GAAP net income was $0.7 million ($0.01 diluted per ADS) versus $1.5 million in Q2 2024, while adjusted net loss was $0.3 million as higher operating expenses from the iClick merger offset gross profit gains. Adjusted EBITDA turned positive at $0.2 million compared with a $1.0 million loss in the prior-year quarter. Client assets on platform rose 35.7% to $1.54 billion and cumulative KYC'ed users increased 20.8% to 4,911. Cash and equivalents reached $25.8 million versus $9.3 million at year-end 2024. Management guided Q3 Amber Premium revenue of $11.0–$12.5 million and withdrew full-year 2025 revenue guidance citing anticipated Q4 market volatility.

  • Q2 revenue of $21.0M (+2,318% YoY) led by wealth management at $11.5M (+1,793% YoY) and $6.6M from marketing/enterprise solutions after the Amber DWM merger
  • Gross profit of $15.0M (+5,129% YoY) with margin of 71.3%; operating loss narrowed to $0.8M from $1.6M
  • GAAP net income $0.7M ($0.01/ADS); adjusted EBITDA turned positive at $0.2M vs $(1.0)M prior year
  • Client assets on platform $1.54B (+35.7% YoY); cumulative KYC users 4,911 (+20.8% YoY)
  • Q3 Amber Premium revenue outlook $11.0–$12.5M; full-year 2025 revenue guidance withdrawn

Headline financials

Total Revenue

$21M

No prior period
EPS (adj)

$0.01

No prior period
Client Assets on Platform

$1.54B

No prior period
Adjusted EBITDA

$172K

No prior period
Gross Margin

71.3%

No prior period
Net Income

$728K

No prior period
Operating Income

-$798K

No prior period
Gross Profit

$15M

No prior period
Cash & Equivalents

$25.8M

No prior period

Revenue & EPS history

Amber International Holding Lt · Revenue · Quarterly

$21M

Q2 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Amber International Holding Lt · $21M total across 4 segments · Q2 2025

  • Wealth Management Solutions
    $11.5M
  • Marketing and Enterprise Solutions
    $6.55M
  • Execution Solutions
    $2.01M
  • Payment Solutions
    $858K

Forward guidance

For Q3 2025, Amber Premium business revenue is estimated at $11.0 million to $12.5 million. The company withdrew its previously disclosed 2025 full-year revenue guidance due to anticipated market volatility in the fourth quarter.

Tailwinds

  • Wealth management and Amber Premium client onboarding momentum with 14% QoQ new KYC user growth
  • Strong gross margin expansion to 71.3% on scalable digital wealth platform

Headwinds

  • Full-year 2025 revenue guidance withdrawn on expected Q4 volatility
  • Adjusted net loss of $0.3M despite record revenue as merger-related operating costs remain elevated

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-1.8%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-2.2%

Avg return

30 days after

46%

13 / 28 earnings

Positive

+14.4%

Q3 2022

Best reaction

-32.1%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-5.0%-4.6%-32.6%
Q2 2025-14.1%+1.9%-38.3%
Q3 2024-0.5%-1.3%+1.3%
Q2 2023+4.2%+8.3%+66.0%
Q4 2022+9.1%+0.0%+13.0%
Q1 2023-1.1%-7.4%-12.5%
Q3 2022+14.4%+25.0%+78.2%
Q2 2022+2.0%-7.8%-33.8%
Q1 2022-22.6%-7.6%-3.4%
Q4 2021-32.1%-33.3%-48.2%
Q3 2021-4.6%-22.3%-29.7%
Q2 2021+7.8%+4.3%+27.6%
Q1 2021-2.8%+1.0%-0.1%
Q4 2020-1.5%+3.8%+19.5%
Q3 2020-3.5%-3.5%+13.1%
Q2 2020+10.3%+7.6%-18.7%
Q1 2020+1.1%-2.2%-2.4%
Q4 2019+1.3%+1.6%-2.5%
Q3 2019+1.6%+1.9%+9.7%
Q2 2019-0.3%-1.3%-4.7%
Q1 2019+1.1%+2.7%+1.9%
Q4 2018-12.2%-18.2%-9.0%
Q3 2018+0.8%-1.3%-6.2%
Q2 2018-1.2%-4.1%-28.9%
Q1 2018+6.5%+4.8%-7.5%
Q4 2016-5.9%-2.8%-5.4%
Q4 2015-5.9%-2.8%-5.4%
Q4 2017+1.7%+3.4%-2.0%
Q3 2017
Q2 2017
Q1 2017
Q3 2016
Q2 2016
Q1 2016

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