The company said total revenue for Q1 was $1.6 billion, up 72% from the previous quarter, net income was $1.2 billion, and Adjusted EBITDA (a non-GAAP measure) was $1.0 billion.

1. 01

   The company said total revenue for Q1 was $1.6 billion, up 72% from the previous quarter, net income was $1.2 billion, and Adjusted EBITDA (a non-GAAP measure) was $1.0 billion.

2. 02

   The company said net income for Q1 benefited from $737 million in pre-tax crypto asset mark-to-market gains, the vast majority of which were unrealized.

3. 03

   The company said it ended Q1 with $7.1 billion in $USD resources, which includes $1.1 billion in net cash raised in the quarter from its 2030 Convertible Notes offering.

4. 04

   The company said it generated over $300 million of total transaction revenue in April and expects subscription and services revenue for Q2 to be between $525 and $600 million, assuming crypto asset prices stay within the range seen so far this year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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