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SINGAPORE - Amber International Holding Limited (NASDAQ:AMBR), a digital wealth management platform, announced Wednesday a $50 million share repurchase program alongside its third quarter 2025 financial results showing improved profitability. The company, currently valued at $148 million by market cap, has seen its stock price fall to $1.58, down significantly from its 52-week high of $13.09.
The company reported third quarter revenue of $16.3 million and net income from continuing operations of $2.2 million, compared to a net loss in the same period last year. Operating profit margin from continuing operations improved from -4% in the previous quarter to 8% in Q3. Despite this quarterly improvement, InvestingPro data shows the company has not been profitable over the last twelve months and suffers from weak gross profit margins of 24.39%.
Client assets on the platform reached $1.84 billion as of September 30, representing a 69.8% increase year-over-year, while cumulative KYC-verified users grew 20.4% to 5,116.
"We delivered another profitable quarter, as we intensified our focus on high-quality, higher-margin revenue streams," said Michael Wu, Chairman and CEO of Amber International, in the press release.
The newly authorized share repurchase program will allow the company to buy back up to $50 million of its American Depositary Shares over the next 12 months starting December 1, 2025. The company plans to fund the repurchases from its cash balance and operations. According to InvestingPro analysis, Amber holds more cash than debt on its balance sheet, with liquid assets exceeding short-term obligations (Current Ratio: 1.13). Investors seeking deeper insights can access the comprehensive Pro Research Report, available for AMBR and 1,400+ other US equities.
For full-year 2025, Amber International expects revenue from its Premium business to be between $50 million and $52.5 million.
The company reported cash and cash equivalents of $39.9 million as of September 30, 2025, compared to $9.3 million at the end of 2024.
Amber International completed its merger with iClick Interactive Asia Group Limited in March 2025, which is being accounted for as a reverse acquisition for accounting purposes. Based on InvestingPro’s Fair Value assessment, the stock appears to be currently overvalued despite its significant price decline of over 85% in the past year.
In other recent news, Amber International Holding Limited reported its Q1 2025 earnings, showing significant growth in its financial performance. The company experienced a notable surge in revenue, highlighting its robust business operations. Despite this positive revenue trend, the stock saw a decline in aftermarket trading, which reflects some investor concerns. Additionally, Amber International announced its expansion into the Digital Assets Treasury sector, offering institutional clients comprehensive services for managing corporate digital assets. This move aims to fill a market gap where companies holding digital assets lack the sophisticated infrastructure needed for effective management. These developments are part of Amber International’s strategy to strengthen its position in the financial services industry. The company’s recent activities underscore its commitment to innovation and expansion.
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