Kraken Parent Company Reports FY2025 Results: Revenue of $2.2 Billion, Up 33% Year-on-Year

Odaily News: Payward today announced its financial results for fiscal year 2025 and further clarified its positioning as a unified infrastructure layer, providing underlying support for its suite of products including Kraken, NinjaTrader, Breakout, and xStocksFi.

Payward stated that its infrastructure, through "a global liquidity pool, a unified risk and margin engine, an integrated collateral and settlement system, and a consolidated compliance and licensing framework," enables different products to serve distinct customer segments, regulatory environments, and use cases on a shared foundation.

Regarding financial data, Payward achieved adjusted revenue of $2.2 billion in FY2025, a 33% year-on-year increase; adjusted EBITDA reached $531 million, up 26% year-on-year; annual platform trading volume hit $2 trillion, a 34% year-on-year increase; platform assets under custody totaled $48.2 billion, an 11% year-on-year increase; and the number of funded accounts reached 5.7 million, a 50% year-on-year increase. Notably, driven by the integration of NinjaTrader and Breakout, the futures DART metric surged by 119% year-on-year.

Payward noted that FY2025 established a new benchmark for the company in terms of scale, profitability, and long-term development ambition.