Kraken's parent company announced its fiscal year 2025 results: revenue of $2.2 billion, a 33% year-over-year increase.

Kraken's parent company, Payward, today announced its fiscal year 2025 financial results and further clarified its role as a unified infrastructure layer, providing underlying support for its various products, including Kraken, NinjaTrader, Breakout, and xStocksFi. Payward stated that its infrastructure, through "a global liquidity pool, a single risk and margin engine, an integrated collateral and settlement system, and a unified compliance and licensing framework," enables different products to adapt to different customer groups, regulatory environments, and use cases on a shared foundation. In terms of financial data, Payward achieved adjusted revenue of $2.2 billion in fiscal year 2025, a year-on-year increase of 33%; adjusted EBITDA of $531 million, a year-on-year increase of 26%; total trading volume of $2 trillion, a year-on-year increase of 34%; total assets under management of $48.2 billion, a year-on-year increase of 11%; and 5.7 million liquidated accounts, a year-on-year increase of 50%. Notably, driven by the integration of NinjaTrader and Breakout, the futures DART metric increased by 119% year-on-year. Payward noted that fiscal year 2025 sets a new benchmark for the company in terms of scale, profitability, and long-term growth ambitions.