The company said it recorded Net revenue of $1.1 billion and $4.1 billion, and Net income of $75.5 million and $1.3 billion, for the 3-month and 9-month periods ended September 30, 2024, respectively.

10-QQuarterly reportFiled Oct 30, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said it recorded Net revenue of $1.1 billion and $4.1 billion, and Net income of $75.5 million and $1.3 billion, for the 3-month and 9-month periods ended September 30, 2024, respectively.
The company said the increase in Trading Volume for 3 months and 9 months compared with 2023 reflected growth in both the overall market and its market share. It said U.S. spot market trading volume rose 109% and 87%, and its own growth rate exceeded those figures.
The company cited higher consumer transaction revenue of $478.2 million and $1.5 billion, driven by growth in consumer Trading Volume of 209% and 176%, as the main driver of higher Transaction revenue. It said this was partly offset by declines in the average blended fee rate of $241.9 million and $283.4 million, reflecting a shift in the mix of trading from Simple to Advanced trading.
The company said it issued $1.3 billion of Convertible Notes due March 18, 2024 and April 1, 2030 2030, and that it held $4.3 billion in aggregate principal amount of debt as of September 30, 2024. It also said its board of directors approved a Share Repurchase Program for up to $1.0 billion of Class A common stock in October 2024.

Key figures

Quarter ended September 30, 2024

Revenue: $1.2B
Operating income: $170M
Net income: $75M
EPS: $0.28

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2024 and 9-Month Net Revenue and Net Income

The company said it recorded Net revenue of $1.1 billion and $4.1 billion, and Net income of $75.5 million and $1.3 billion, for the 3-month and 9-month periods ended September 30, 2024, respectively.

Source · Based on the MD&A text of the filing

Trading Volume Growth and Market Share

The company said the increase in Trading Volume for 3 months and 9 months compared with 2023 reflected growth in both the overall market and its market share. It said U.S. spot market trading volume rose 109% and 87%, and its own growth rate exceeded those figures.

Source · Based on the MD&A text of the filing

Transaction revenue increase drivers and fee rates

The company cited higher consumer transaction revenue of $478.2 million and $1.5 billion, driven by growth in consumer Trading Volume of 209% and 176%, as the main driver of higher Transaction revenue. It said this was partly offset by declines in the average blended fee rate of $241.9 million and $283.4 million, reflecting a shift in the mix of trading from Simple to Advanced trading.

Source · Based on the MD&A text of the filing

2030 Convertible Notes Issuance and $1.0 billion Share Repurchase Authorization

The company said it issued $1.3 billion of Convertible Notes due March 18, 2024 and April 1, 2030 2030, and that it held $4.3 billion in aggregate principal amount of debt as of September 30, 2024. It also said its board of directors approved a Share Repurchase Program for up to $1.0 billion of Class A common stock in October 2024.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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