# Earnings Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Earnings", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

Kraken's parent company Payward reported $508 million in adjusted revenue for Q2, a 17% year-over-year increase despite a 13% decline in total transaction volume to $310 billion. The growth was driven by diversification, with asset-based and other revenue now accounting for 60% of the total, up from 55%. Key factors included expansion into traditional futures, equities, and tokenized assets, which helped offset weaker crypto spot trading. The company also reported a 42% increase in funded accounts to 6.6 million and remained adjusted EBITDA positive at $23 million. Payward has broadened its offerings through acquisitions like NinjaTrader and Bitnomial, and by entering new areas such as pre-IPO exposure and wallet infrastructure.

cointelegraph08/14 18:55

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

cointelegraph08/14 18:55

Gemini posts $108M Q2 net loss despite 37% revenue growth

Cryptocurrency exchange Gemini reported a net loss of $107.7 million in Q2 despite a 37% year-over-year revenue increase to $45.5 million. The loss occurred as core exchange revenue fell 38% to $12.5 million due to a sharp drop in trading volume. This was partially offset by a 149% surge in services revenue to $23.5 million, driven by strong growth in credit card and staking income. However, transaction losses ballooned to $20.1 million, primarily from a provision for credit losses related to an identity fraud event in the credit card portfolio. Operating expenses rose 24% compared to the prior year, though they decreased from Q1 due to cost-cutting. Following the earnings report, Gemini's stock fell nearly 5% in pre-market trading.

cointelegraph08/14 12:15

Gemini posts $108M Q2 net loss despite 37% revenue growth

cointelegraph08/14 12:15

Large Miner Sold 4,300 Bitcoins

Large-scale Bitcoin miner Riot Platforms sold 4,300 BTC between April and June. As of July 1st, the company held 11,380 bitcoins in total, with 5,821 BTC pledged as loan collateral, ranking it 13th among corporate Bitcoin holders. Despite a quarterly production increase of 11% to 1,587 BTC compared to the same period last year, the company's mining revenue fell by 19.3% to $113.7 million. The average cost to mine one Bitcoin reached $49,912. Riot reported a net quarterly loss of $237 million. The company also announced a 20-year agreement with AI firm Anthropic, developer of Claude, to provide 191 MW of power from its Texas-based Rockdale facility for high-performance AI computing. Separately, analysts from CryptoQuant noted that over the past four years, large miners have sold more than 61,000 bitcoins worth approximately $4.5 billion.

cryptonews.ru08/14 11:24

cryptonews.ru08/14 11:24

Figure reports a lending market volume of $4,300,000,000 billion, and profit nearly triples

Figure Technology Solutions reported that its consumer lending market volume reached $4.3 billion in the second quarter, a 132% year-over-year increase. The company's quarterly profit nearly tripled. Net profit surged 192% to $87 million from approximately $30 million a year earlier. Net revenue more than doubled to $226 million, and net profitability rose by 10.5 percentage points to 38.8%. The market volume includes home equity lines of credit, debt service coverage ratio loans, and consumer loans originated through its system, as well as third-party loans traded on Figure Connect. The latter accounted for $2.8 billion, or 65% of the total quarterly volume. The market, launched in June 2024, saw its volume grow 262% compared to the same period last year. The company added 102 lending partners in the quarter, bringing the total to 489. CEO Michael Tannenbaum stated that weekly loan applications exceeded $1 billion in July. The company forecasts Q3 consumer lending market volume to be between $4.8 billion and $5.2 billion. Analysts from Bernstein had predicted a record Q2 for Figure in May, citing real-time blockchain data they believe will allow investors to increasingly track the company's lending activity.

cryptonews.ru08/14 11:14

Figure reports a lending market volume of $4,300,000,000 billion, and profit nearly triples

cryptonews.ru08/14 11:14

Trillion-Dollar Chip Giant Executive States: Wafer Prices Will Not Drop Within the Year

China's leading semiconductor foundry, SMIC, reports record-breaking Q2 2026 results, with revenue surpassing $3 billion for the first time. Co-CEO Zhao Haijun stated that wafer prices will not decrease within the year, citing strong demand and full order books extending into Q4. The quarter saw revenue growth of 20% QoQ and 36.1% YoY, driven by increased shipments and higher average selling prices. Zhao noted that price increases contributed more to the improved gross margin (25.3%) than capacity optimization. The surge in demand is primarily fueled by AI-related chips, alongside growth in computing, industrial, and automotive segments. Capacity utilization reached 93.7%, with China accounting for 90.2% of regional revenue. Zhao highlighted that future demand will be even greater in computing power segments like data centers and AI. Despite some inventory buildup in areas like mobile chips, overall supply remains tight. For Q3, SMIC forecasts continued shipment growth and stable prices, with revenue expected to grow 2-4% QoQ and gross margin projected between 26% and 28%.

marsbit08/14 10:06

Trillion-Dollar Chip Giant Executive States: Wafer Prices Will Not Drop Within the Year

marsbit08/14 10:06

On-Chain Finance Finally Posts a Profitable Ledger: Figure's Quarterly Revenue Doubles, Net Profit Hits $87 Million

Blockchain finance firm Figure Technology Solutions reported a strong second-quarter earnings report, potentially serving as the first major proof of profitability for the sector. The company’s GAAP net revenue reached $226 million, up 113% year-over-year, while net profit surged 192% to $87.4 million, yielding a net profit margin of 38.8%. Its quarterly consumer loan origination volume hit $4.3 billion, marking 132% growth. Figure's business focuses on streamlining the U.S. Home Equity Line of Credit (HELOC) market by shifting the entire loan lifecycle—from origination to securitization—onto its proprietary Provenance blockchain. This backend infrastructure significantly reduces processing time and costs while remaining invisible to end borrowers, who simply benefit from faster, cheaper loans. A key growth driver is the Figure Connect platform, a blockchain-based marketplace connecting loan originators and institutional investors. It accounted for 65% ($2.8 billion) of the quarter's volume, demonstrating strong network effects with 489 partner firms. The company is building an integrated on-chain finance ecosystem that includes its SEC-approved yield-generating stablecoin, YLDS. Notably, Figure has achieved this scale and profitability without relying on token sales or speculative crypto economics, instead choosing a traditional IPO path. Its success suggests blockchain's most practical application in finance may be as an efficient, invisible infrastructure layer that solves specific real-world inefficiencies rather than attempting to overhaul the entire system.

marsbit08/14 04:55

On-Chain Finance Finally Posts a Profitable Ledger: Figure's Quarterly Revenue Doubles, Net Profit Hits $87 Million

marsbit08/14 04:55

Facing an Immense Fortune, Applied Materials (AMAT) Actually Hesitated?

Applied Materials (AMAT) reported strong Q3 FY2026 (ending July 2026) results, with revenue of $9.12 billion, up 25% year-over-year and slightly above expectations. Growth was driven by AI infrastructure expansion, boosting demand for advanced logic, DRAM, and advanced packaging equipment. Gross margin reached 50.3%, meeting forecasts. However, despite solid performance and Q4 revenue guidance of $9.75-$10.75 billion (above consensus), the stock fell in after-hours trading. This was primarily due to management's conservative outlook. While major foundries like TSMC and memory chipmakers have significantly raised their 2026 capital expenditure forecasts (pointing to ~40% industry growth), AMAT did not explicitly upgrade its prior full-year semiconductor systems business growth guidance of "more than 30%." Management indicated business strength is continuing and growth would exceed the prior "over 30%" target but refrained from providing a new quantitative figure (e.g., 40%). Analysts note that even assuming 40% growth for the calendar year, the implied sequential growth rates would show a sharp deceleration in the coming quarters. The lack of a more aggressive guidance uplift, despite robust industry CapEx trends, disappointed the market. The article concludes that while the short-term guidance conservatism affects sentiment, the underlying AI-driven semiconductor cycle uptrend remains intact. Continued increases in customer capital expenditure could still drive future earnings and valuation upside for AMAT and the semiconductor equipment sector.

marsbit08/14 04:21

Facing an Immense Fortune, Applied Materials (AMAT) Actually Hesitated?

marsbit08/14 04:21

Gemini Earnings Dissection: Credit Cards Become the Major Contributor, Trading Volume Plummets

Gemini Space Station's Q2 2026 financial results reveal a significant shift in its business model. While total revenue rose 37% year-over-year to $45.475 million, the platform's spot trading volume plummeted by 66%. The key driver of growth is now credit card-related revenue, which surged 231% to $16.178 million, surpassing the $12.497 million generated from the core trading platform. This diversification means Gemini's income is no longer solely tied to trading activity. However, the new credit card business introduces different risks. Despite strong revenue, the segment's pre-provision net revenue (PPNR) was $5.457 million, against credit loss provisions of $16.062 million. A significant portion of this provision is attributed to a specific batch of fraudulent accounts from Q1. Furthermore, the rate of accounts delinquent for over 30 days increased from 3.8% to 9.4%. In summary, Gemini is successfully broadening its revenue streams beyond cyclical crypto trading, but its new largest income source comes with substantial credit and operational risks that must be managed alongside its traditional business.

marsbit08/14 03:46

Gemini Earnings Dissection: Credit Cards Become the Major Contributor, Trading Volume Plummets

marsbit08/14 03:46

Figure reports $4.3B in loan marketplace volume as profit nearly triples

Figure Technology Solutions reported a significant increase in its second-quarter performance. The company's consumer loan marketplace volume reached $4.3 billion, a 132% year-over-year rise. Its quarterly profit nearly tripled, with net income surging 192% to $87 million. Net revenue more than doubled to $226 million, and the net income margin expanded to 38.8%. The marketplace volume includes various loans, with $2.8 billion (65%) coming from third-party loans traded on Figure Connect. Volume on this marketplace, launched in June 2024, grew 262% year-over-year. The company added 102 loan-origination partners, bringing the total to 489. CEO Michael Tannenbaum noted weekly loan applications exceeded $1 billion in July, and the company forecasts third-quarter marketplace volume of $4.8 billion to $5.2 billion. Analysts had anticipated strong results, partly due to blockchain data enabling real-time tracking of lending activity.

cointelegraph08/14 02:20

Figure reports $4.3B in loan marketplace volume as profit nearly triples

cointelegraph08/14 02:20

Stablecoins and Agentic Commerce Can't Make It into Visa's Earnings Report

**Title: Stablecoins and Agentic – Not Yet on Visa's Financial Statements** **Summary:** On July 16, Visa announced the Visa Stablecoin Platform (VSP), a platform for managing stablecoin issuance and movement, starting with OpenUSD. However, 12 days later, in its FY2026 Q3 earnings call, CEO Ryan McInerney detailed VSP but mentioned no revenue model, timing, or clients. CFO Christopher Suh's financial report did not mention VSP. Analysts' questions largely ignored stablecoins, focusing instead on cross-border growth and core metrics. The article examines Visa's business model using a "highway" analogy: Visa builds the payment network (the road), sets rules, and collects "tolls." Its revenue comes from four main streams: Service Revenue, Data Processing Revenue, International Transaction Revenue, and Other Revenue. After client incentives, Visa's net take-rate has remained stable at ~29 basis points. Currently, Visa's only meaningful revenue from stablecoins comes from "U Cards" – cards linked to stablecoin wallets. In these transactions, stablecoins are converted to fiat *before* entering Visa's network, so they are processed as regular card transactions, contributing to the standard 29 bps fee. Visa's other stablecoin initiatives—settlement pilots (converting *Visa's own* net obligations to stablecoins) and the new VSP platform—do not yet generate revenue; they are operational improvements or future commercial offerings. Regarding Agentic Commerce, Visa's products (Agent Score, Token Assurance Framework) are "devices" allowing AI agents to use the *existing* payment network. They are billed as value-added services. Visa views agentic commerce primarily as AI agents acting on behalf of humans in traditional commerce (replacement), not the potentially new market of machine-to-machine transactions (creation). Strategically, CEO McInerney listed stablecoins and agentic as a *fourth-tier* investment priority, behind core areas like consumer payments and value-added services. They are components within existing strategies, not standalone growth engines with defined addressable markets. In contrast, Mastercard took a different approach by acquiring BVNK for ~$1.8B to gain immediate scale in stablecoin payment processing. Visa's strategy appears conservative: building optionality without major bets. Its core moat is its decades-old dispute resolution and consumer protection infrastructure. The market values Visa for its current robust consumer spending, growing value-added services, and share buybacks—not for its stablecoin or AI agent initiatives. The narrative hype around these topics exceeds their current financial significance for the company.

marsbit08/14 02:16