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AI Financial vs Antalpha Platform: revenue, profit, margins and growth compared

AI Financial brought in $24.8M of revenue in fiscal 2025, Antalpha Platform $79.7M in fiscal 2025. Revenue changed by +98.2% at AI Financial and +67.9% at Antalpha Platform on the year before, so AI Financial grew faster. AI Financial kept -1,386.9% of its revenue as net profit, Antalpha Platform 30.7%. Free cash flow was -$7.2M at AI Financial and -$4.2M at Antalpha Platform.

Side by side, latest fiscal year

AIFCANTA
Fiscal year endedFY2025 (December 27, 2025)FY2025 (December 31, 2025)
Revenue$24.8M$79.7M
Revenue growth+98.2%+67.9%
Net income-$344.5M$24.4M
Net margin-1,386.9%30.7%
Free cash flow-$7.2M-$4.2M
Free cash flow margin-28.9%-5.3%
Earnings per share (diluted)-$5.91$0.75
Cash$6.2M$7.9M
Debt$563K$15.8M
Price to earningsn/an/a
Market value$72.3M$106.8M
Dividend yieldn/an/a
Rank by revenue in sector#382 of 444 · Finance#336 of 444 · Finance

Over the years

Revenue
AIFC FY2018: $36.8MAIFC FY2019: $35.1MAIFC FY2020: $33.9MAIFC FY2022: $40MAIFC FY2022: $35MAIFC FY2023: $0AIFC FY2024: $12.5MAIFC FY2025: $24.8MANTA FY2023: $11.3MANTA FY2025: $47.5MANTA FY2025: $79.7MFY18FY19FY20FY22FY23FY24FY25
AIFC $24.8MANTA $79.7M
Net income
AIFC FY2018: -$5.6MAIFC FY2019: -$12MAIFC FY2020: -$8.5MAIFC FY2022: -$16.9MAIFC FY2022: $11MAIFC FY2023: -$7.8MAIFC FY2024: -$7.6MAIFC FY2025: -$344.5MANTA FY2023: -$6.6MANTA FY2025: $4.4MANTA FY2025: $24.4MFY18FY19FY20FY22FY23FY24FY25
AIFC -$344.5MANTA $24.4M
Net margin
AIFC FY2018: -15.2%AIFC FY2019: -34.1%AIFC FY2020: -25.1%AIFC FY2022: -42.2%AIFC FY2022: 31.4%AIFC FY2024: -60.4%AIFC FY2025: -1,386.9%ANTA FY2023: -58.4%ANTA FY2025: 9.3%ANTA FY2025: 30.7%FY18FY19FY20FY22FY23FY24FY25
AIFC -1,386.9%ANTA 30.7%
Revenue growth
AIFC FY2019: -4.6%AIFC FY2020: -3.4%AIFC FY2022: +18.1%AIFC FY2022: -12.5%AIFC FY2023: -100.0%AIFC FY2025: +98.2%ANTA FY2025: +321.0%ANTA FY2025: +67.9%FY19FY20FY22FY23FY25
AIFC +98.2%ANTA +67.9%
Free cash flow
AIFC FY2018: $3.7MAIFC FY2019: -$3.7MAIFC FY2020: -$1.1MAIFC FY2022: -$7MAIFC FY2022: -$3.9MAIFC FY2025: -$7.2MANTA FY2023: -$12.3MANTA FY2025: -$11.9MANTA FY2025: -$4.2MFY18FY19FY20FY22FY23FY25
AIFC -$7.2MANTA -$4.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about AI Financial and Antalpha Platform

Which is bigger by revenue, AI Financial or Antalpha Platform?

Antalpha Platform is bigger by revenue: $79.7M in fiscal 2025, against $24.8M for AI Financial in fiscal 2025.

Which keeps more of its revenue as profit, AI Financial or Antalpha Platform?

AI Financial had a net margin of -1,386.9% in fiscal 2025; Antalpha Platform had 30.7% in fiscal 2025.

Which grew revenue faster, AI Financial or Antalpha Platform?

In their latest fiscal years revenue changed by +98.2% at AI Financial and +67.9% at Antalpha Platform.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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