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Antalpha Platform vs iShares S&P GSCI Commodity-Indexed Trust: revenue, profit, margins and growth compared

Antalpha Platform brought in $79.7M of revenue in fiscal 2025, iShares S&P GSCI Commodity-Indexed Trust $42.5M in fiscal 2025. Revenue changed by +67.9% at Antalpha Platform and -17.0% at iShares S&P GSCI Commodity-Indexed Trust on the year before, so Antalpha Platform grew faster. Antalpha Platform kept 30.7% of its revenue as net profit, iShares S&P GSCI Commodity-Indexed Trust 133.9%.

Side by side, latest fiscal year

ANTAGSG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$79.7M$42.5M
Revenue growth+67.9%-17.0%
Net income$24.4M$57M
Net margin30.7%133.9%
Free cash flow-$4.2Mn/a
Free cash flow margin-5.3%n/a
Earnings per share (diluted)$0.75$1.26
Cash$7.9Mn/a
Debt$15.8Mn/a
Price to earningsn/a28.3
Market value$95.5M$1B
Dividend yieldn/an/a
Rank by revenue in sector#363 of 536 · Finance#393 of 536 · Finance

Over the years

Revenue
ANTA FY2023: $11.3MANTA FY2025: $47.5MANTA FY2025: $79.7MGSG FY2018: $24.5MGSG FY2019: $21.4MGSG FY2020: $3.7MGSG FY2021: $426KGSG FY2022: $22.3MGSG FY2023: $52.6MGSG FY2024: $51.3MGSG FY2025: $42.5MFY18FY19FY20FY21FY22FY23FY24FY25
ANTA $79.7MGSG $42.5M
Net income
ANTA FY2023: -$6.6MANTA FY2025: $4.4MANTA FY2025: $24.4MGSG FY2018: -$190.2MGSG FY2019: $174.9MGSG FY2020: -$183.6MGSG FY2021: $366MGSG FY2022: $390.8MGSG FY2023: -$66.5MGSG FY2024: $70MGSG FY2025: $57MFY18FY19FY20FY21FY22FY23FY24FY25
ANTA $24.4MGSG $57M
Net margin
ANTA FY2023: -58.4%ANTA FY2025: 9.3%ANTA FY2025: 30.7%GSG FY2018: -776.4%GSG FY2019: 817.7%GSG FY2020: -4,905.8%GSG FY2021: 85,910.7%GSG FY2022: 1,752.0%GSG FY2023: -126.6%GSG FY2024: 136.6%GSG FY2025: 133.9%FY18FY19FY20FY21FY22FY23FY24FY25
ANTA 30.7%GSG 133.9%
Revenue growth
ANTA FY2025: +321.0%ANTA FY2025: +67.9%GSG FY2019: -12.7%GSG FY2020: -82.5%GSG FY2021: -88.6%GSG FY2022: +5,135.8%GSG FY2023: +135.6%GSG FY2024: -2.5%GSG FY2025: -17.0%FY19FY20FY21FY22FY23FY24FY25
ANTA +67.9%GSG -17.0%
Free cash flow
ANTA FY2023: -$12.3MANTA FY2025: -$11.9MANTA FY2025: -$4.2MFY23FY25
ANTA -$4.2MGSG

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

Questions about Antalpha Platform and iShares S&P GSCI Commodity-Indexed Trust

Which is bigger by revenue, Antalpha Platform or iShares S&P GSCI Commodity-Indexed Trust?

Antalpha Platform is bigger by revenue: $79.7M in fiscal 2025, against $42.5M for iShares S&P GSCI Commodity-Indexed Trust in fiscal 2025.

Which keeps more of its revenue as profit, Antalpha Platform or iShares S&P GSCI Commodity-Indexed Trust?

Antalpha Platform had a net margin of 30.7% in fiscal 2025; iShares S&P GSCI Commodity-Indexed Trust had 133.9% in fiscal 2025.

Which grew revenue faster, Antalpha Platform or iShares S&P GSCI Commodity-Indexed Trust?

In their latest fiscal years revenue changed by +67.9% at Antalpha Platform and -17.0% at iShares S&P GSCI Commodity-Indexed Trust.

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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