Aurelion Reports First Quarter 2026 Results

Rhea-AI Summary

Aurelion (NASDAQ: AURE) reported unaudited Q1 2026 results for the quarter ended December 31, 2025, highlighting a treasury strategy concentrated in Tether Gold (XAUt).

Key facts: completed ~$100 million equity private placement anchored by Antalpha (NASDAQ: ANTA), a $50 million three-year term loan, purchased 33,318.32 XAUt (~$134.15 million), reported non-operating income of $9.9 million, NAV of $108.2 million, NAV per share $2.94, and implemented a 1-for-10 share consolidation effective February 19, 2026.

Positive

• Anchored financing of approximately $100 million private placement
• $50 million three-year term loan secured in October 2025
• $134.15 million purchase of 33,318.32 XAUt as treasury asset
• Non-operating income $9.9 million driven by XAUt fair value gains
• NAV $108.2 million and NAV per share $2.94 as of 12/31/2025

Negative

• Concentration in XAUt: XAUt represents $144.5 million of $148.8 million total assets
• Low cash of $3.6 million versus $40.6 million debt outstanding
• Potential dilution from an at-the-market equity facility up to $500 million

News Market Reaction – ANTA

-3.87%

1 alert

-3.87% News Effect

On the day this news was published, ANTA declined 3.87%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Private placement: $100 million Term loan: $50 million Non-operating income: $9.9 million +5 more

8 metrics

Private placement $100 million Equity private placement completed October 2025

Term loan $50 million Three-year term loan completed October 2025

Non-operating income $9.9 million Quarter ended December 31, 2025

ATM capacity $500 million At-the-market equity offering agreement January 2026

Net Asset Value $108.2 million NAV as of December 31, 2025

NAV per share $2.94 Based on 36.8M shares outstanding, post-consolidation basis

XAUt holdings $144.5 million Value of XAUt on balance sheet at December 31, 2025

XAUt purchase $134.15 million Purchase of 33,318.32 XAUt units October 2025

Market Reality Check

Price: $8.35 Vol: Volume 5,996 is 0.71x the...

normal vol

$8.35 Last Close

Volume Volume 5,996 is 0.71x the 20-day average of 8,454, indicating muted activity ahead of this update. normal

Technical Shares at $8.78 are trading below the 200-day MA of $11.07 and sit 68.33% below the 52-week high of $27.72.

Peers on Argus

ANTA showed 0% change while several Credit Services peers moved modestly higher ...

ANTA showed 0% change while several Credit Services peers moved modestly higher (e.g., OPRT +4.88%, MFIN +3.78%), suggesting today’s setup was more stock-specific than sector-driven.

Previous Earnings Reports

3 past events · Latest: Nov 10 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 10	Q3 2025 earnings	Positive	+6.7%	Strong revenue and net income growth plus strategic XAUt and Aurelion investment.
Aug 12	Q2 2025 earnings	Positive	+2.4%	Record revenue, higher EBITDA, growing TVL, and initial XAUt treasury move.
Jun 17	Q1 2025 earnings	Positive	-4.7%	Strong revenue and income growth and IPO/XAUt strategy yet shares fell.

Pattern Detected

Earnings headlines for ANTA have typically produced modest positive moves, though there has been at least one notable divergence where strong results were followed by a negative reaction.

Recent Company History

Recent history shows Antalpha (NASDAQ: ANTA) using quarterly earnings to highlight rapid growth and expansion into gold-linked digital assets. Q1, Q2, and Q3 2025 results all emphasized strong revenue and net income growth, rising TVL, and growing exposure to XAUt. Average earnings-day moves of about 1.48% skew positive, though one quarter saw a sell-off despite upbeat metrics. Today’s Aurelion-focused earnings update connects back to Antalpha’s strategic role in funding and anchoring Aurelion’s XAUt-focused treasury initiatives.

Historical Comparison

+1.5% avg move · Over the last three earnings releases, ANTA’s average move was about 1.48%, usually modestly positiv...

earnings

+1.5%

Average Historical Move earnings

Over the last three earnings releases, ANTA’s average move was about 1.48%, usually modestly positive. Today’s Aurelion-linked earnings disclosure fits the ongoing theme of integrating XAUt-based treasury and financing strategies into the broader business.

Earnings updates through Q1–Q3 2025 show a progression from core Bitcoin lending growth toward deeper integration of XAUt and Aurelion as strategic extensions of Antalpha’s digital-asset financing platform.

Market Pulse Summary

This announcement outlines Aurelion’s Q1 2026 results and balance sheet, highlighting heavy XAUt-bac...

Analysis

This announcement outlines Aurelion’s Q1 2026 results and balance sheet, highlighting heavy XAUt-backed gold exposure, a $100 million equity placement, a $50 million term loan, and a new $500 million ATM facility. For ANTA, it reinforces the strategic link to Aurelion’s XAUt treasury model. Investors may focus on NAV of $108.2 million, XAUt holdings of $144.5 million, and how share consolidation and further equity issuance could affect per-share ownership and long-term capital structure.

Key Terms

private placement, at-the-market equity offering, tether gold ("xaut"), net asset value ("nav"), +4 more

8 terms

private placement financial

"the Company completed a series of financing transactions, including an approximately $100 million private placement of equity securities"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

at-the-market equity offering financial

"entered into an at-the-market equity offering sales agreement with Cantor Fitzgerald & Co."

An at-the-market equity offering is a way for a public company to raise cash by selling newly issued shares directly into the open market at current market prices over time through a broker. Think of it as gradually selling items on an online marketplace at whatever buyers are paying now rather than holding a single big sale; it gives the company flexible access to funds but can lower each existing owner’s share of the company and put gentle downward pressure on the stock price if done in large amounts.

tether gold ("xaut") medical

"Tether Gold ("XAUt"), a digital asset backed by physical gold, is intended to serve as the Company's primary treasury reserve asset."

A tether gold (XAUT) token is a digital asset that represents ownership of physical gold held in a vault, with each token linked to a specific quantity of metal. For investors, it acts like a tradable receipt for gold that can be bought, sold or moved as easily as a cryptocurrency, offering a convenient way to gain gold exposure for portfolio diversification or as an inflation hedge, while still carrying issuer and custody risks.

net asset value ("nav") financial

"Aurelion reports the following unaudited Net Asset Value ("NAV") based on its unaudited condensed consolidated balance sheet"

Net asset value (NAV) is the total value of a fund’s assets minus its liabilities, divided by the number of shares outstanding, giving a per-share price that represents the underlying value investors own. Think of it like the size of a pie (assets) minus any bills (debts), then splitting the remainder into equal slices; investors use NAV to judge whether a fund’s market price is fair and to track performance over time.

share consolidation financial

"the Company announced the 1-for-10 share consolidation (the "Share Consolidation") of Class A ordinary shares and Class B ordinary shares"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

troy ounce other

"Units (1 XAUt = 1 troy ounce)"

A troy ounce is the standard weight unit used to measure precious metals such as gold, silver and platinum, equal to about 31.1035 grams. Investors see metal prices quoted per troy ounce, so knowing this unit lets you compare values, calculate holdings and convert to other weight measures; think of it as the “special” ounce for bullion, roughly 10% heavier than the common kitchen ounce used for groceries.

digital asset technical

"Tether Gold ("XAUt"), a digital asset backed by physical gold"

A digital asset is a representation of value or rights that exists only in electronic form—like digital versions of cash, stocks, or collectibles kept in a virtual wallet. They are transferred and recorded using computer systems that make copying or tampering difficult, and can include currencies, tokenized shares, or unique digital items. Investors care because digital assets can offer new ways to diversify, trade and raise capital, but they also bring different risks around price swings, custody and regulation.

lbma technical

"a fully redeemable, LBMA-backed digital gold {London Bullion Market Association}"

The LBMA (London Bullion Market Association) is the industry body that sets quality, storage and trading standards for physical gold and silver, acting like a referee and quality seal for bullion markets. Investors pay attention because LBMA standards and its approved vaults and bars make it easier to buy, sell and use precious metals as liquid, trusted assets—similar to how a stamp of approval makes a product widely accepted and easier to resell.

AI-generated analysis. Not financial advice.

HONG KONG, March 3, 2026 /PRNewswire/ -- Aurelion Inc. (NASDAQ: AURE) ("Aurelion" or the "Company") today announced its unaudited financial results for the quarter ended December 31, 2025.

Recent Developments

• In October 2025, the Company completed a series of financing transactions, including an approximately $100 million private placement of equity securities anchored by Antalpha Platform Holding Company (NASDAQ: ANTA) and a $50 million three-year term loan. In connection with these transactions, the Company announced the implementation of its XAUt treasury strategy, pursuant to which Tether Gold ("XAUt"), a digital asset backed by physical gold, is intended to serve as the Company's primary treasury reserve asset.
• On October 10, 2025, Björn Schmidtke was appointed as Chief Executive Officer of the Company. Following the closing of the financing transactions, the Company also implemented a number of changes to its Board of Directors and management team. These changes were intended to support the Company's strategic direction and long-term growth initiatives.
• On October 14, 2025, the Company announced the purchase of 33,318.32 units of Tether Gold ("XAUt") with approximately $134.15 million at an average price of $4,026.34 per XAUt, using proceeds from recent financing transactions. The purchases were executed on October 12 and 13, 2025.
• On November 26, 2025, the Company's Class A ordinary shares started trading on the NASDAQ under its new name "Aurelion Inc."
• In January 2026, the Company entered into an at-the-market equity offering sales agreement with Cantor Fitzgerald & Co. and other sales agents, pursuant to which the Company may, from time to time, offer and sell Class A ordinary shares having an aggregate offering price of up to $500 million, subject to market conditions and other factors.
• On February 13, 2026, the Company announced the 1-for-10 share consolidation (the "Share Consolidation") of Class A ordinary shares and Class B ordinary shares (together, the "Ordinary Shares") effective the opening of trading on February 19, 2026. Upon the effectiveness of the Share Consolidation, every 10 issued and outstanding Ordinary Shares of a par value of US$0.000625 each will automatically be consolidated into one issued and outstanding Ordinary Share of par value US$0.00625.

For the quarter ended December 31, 2025, the Company reported non-operating income of US$9.9 million, primarily driven by fair value gains on XAUt held resulting from the appreciation of gold during the quarter. 

"Aurelion's mission is to restore verifiable, physically-backed gold at an institutional scale. We believe the traditional gold investment landscape is built on trust rather than verification, leaving investors exposed to systemic risk through products that offer synthetic exposure but no direct access to the underlying physical asset." said Björn Schmidtke, Chief Executive Officer of Aurelion. "Through our partnership with Tether, we provide direct, on-chain access to XAUt — a fully redeemable, LBMA-backed digital gold {London Bullion Market Association}— combining the transparency of blockchain with the security of physical bullion. Our strategy is to modernize gold investing, providing a verifiable, cost-efficient alternative that truly serves gold's role as a portfolio diversifier in today's digital age."

Net Asset Value (NAV) as of December 31, 2025

Aurelion reports the following unaudited Net Asset Value ("NAV") based on its unaudited condensed consolidated balance sheet as of December 31, 2025:

(In US$1 millions, except for XAUT price and unit, unaudited)		2025
Total assets		148.8
Cash & Cash Equivalents		3.6
XAUt		144.5
Price per unit (based on 12/31/2025 price)		4,338
Units (1 XAUt = 1 troy ounce)		33,318
Debt		40.6
Net Asset Value(1)		108.2
Shares Outstanding(2)		36.8
NAV per Share		2.94
Gold Ounce per Share		0.0009
XAUt Value per Share(3)		3.93

 

(1)  NAV is calculated as cash plus XAUt holdings minus debt.

(2)  The number of shares outstanding is presented in million, and includes issued and outstanding share capital and pre-funded warrants that were outstanding as of December 31, 2025, adjusted for the 1-for-10 share consolidation effective as of February 19, 2026.

(3)  XAUt value is based on the closing price as of December 31, 2025.

About Aurelion
Aurelion is NASDAQ's first Tether Gold (XAUt) Real World Asset (RWA) company focused on developing a business around tokenized gold. XAU₮ combines the stability of physical gold with the efficiency of blockchain, providing investors access to tokenized gold reserve that could serve as a safe haven to inflation, currency devaluation and crypto volatility. In parallel to building a business around the development of tokenized gold, Aurelion provides wealth management and asset management services.

Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements, although not all forward-looking statements contain these words. These statements are based on assumptions and assessments made by Aurelion in light of its experience and perception of historical trends, current conditions, future developments and other factors it believes appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.

Forward-looking statements are not guarantees of future performance. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: changes in the market for our products and services; our ability to access additional capital; our ability to attract and retain qualified personnel; changes in general economic, business and industry conditions; changes in applicable laws or regulations; expansion plans and opportunities; changes in the regulatory environment for crypto currencies and stablecoin ecosystems; changes in the price of digital assets, including XAUt; changes in spot price of gold; changes in price correlation between stablecoins and their pegged assets, including XAUt and gold; risks associated with owning digital assets, including XAUt, including price volatility, limited liquidity and trading volumes, relative anonymity, potential widespread susceptibility to market abuse and manipulation, compliance and internal control failures at exchanges and other risks inherent in its entirely electronic, virtual-form and decentralized network; the fluctuation of our operating results, including because we may be required to account for our digital assets at fair value; limitations in our ability to time the price of our purchase of digital assets; our potential subjection to corporate alternative minimum tax due to unrealized fair value gains on our digital asset holdings; legal, commercial, regulatory and technical uncertainty regarding digital assets and enhanced regulatory oversight of companies holding digital assets including the possibility that regulators reclassify any digital assets we hold, including XAUt, as a security or a "cash item", causing us to be in violation of securities laws and be classified as an "investment company" under the Investment Company Act of 1940; competition by other digital asset treasury companies, gold-related asset treasury companies, and the availability of financial products related to gold; the possibility of experiencing greater fraud, security failures or operational problems on digital asset trading venues compared to trading venues for more established asset classes, and any malfunction, breakdown or abandonment of the underlying blockchain protocols, or other technological difficulties, may prevent access to or use of such digital assets; elevation of rehypothecation risk in times of market condition changes as the XAUt we own may be rehypothecated; and from time to time when we hold our digital assets through a third-party custodian, the loss of direct control over our digital assets and dependence on the custodian's security practices and operational integrity which may lead to the loss of its digital assets as a result of the insolvency of the custodian, theft by employees or insiders of the custodian or if the custodian's security measures are compromised, including as a result of a cyber-attack. Further information regarding these and other risks is included in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. All information provided herein is as of the date of this presentation, and the Company undertakes no duty to update such information, except as required under applicable law.

Contacts
Investor Contact: ir@aurelion.com

 

Aurelion Inc.
Condensed Consolidated Statements of Income
(in USD, except for shares data)
	Three months  ended December 31, 2024	Three months  ended December 31, 2025
	(unaudited)	(unaudited)
Operating expense
Sales and marketing	—	173,477
General and administrative
-  Operational	218,950	605,441
-  Public company related	373,437	419,217
Provision for credit losses	8,498	—
Unrealized gain on XAUt and XAUt collateral
receivables due from related party(i)		(10,399,549)
Total operating expenses	600,885	(9,201,414)
Income (loss) from operations	(600,885)	9,201,414
Non-operating income (Expense)
-  Loan Interests	—	(628,710)
-  Other income	4,147	136,838
Income before income tax	(596,738)	8,709,542
Income tax expense	26,787	—
Net (loss) income	(569,951)	8,709,542
Comprehensive (loss) income	(583,063)	8,769,506
Weighted average number of ordinary shares Basic(ii)	2,280,683	31,955,822
Diluted(ii)	2,280,683	34,953,155
(Loss) earnings per share Basic(ii)	(0.25)	0.27
Diluted(ii)	(0.25)	0.25

 

(i) Represents unrealized gains on XAUt assets held by the Company as of the reporting date and no XAUt assets were sold during the period.

(ii)  All share and per share data for the current and prior periods have been retrospectively adjusted to reflect the 1-for-10 share consolidation effective February 19, 2026.

 

Aurelion Inc.
Condensed Consolidated Balance Sheets
(in USD)
	As of September	As of December
	30, 2025	31, 2025
		(unaudited)
Assets
Current assets:
Cash and cash equivalents	5,024	3,585,197
Crypto assets held	—	126
XAUt	—	72,476,837
Amounts due from related parties	—	—
Prepaid expenses and other current assets	14,126	172,079
Deferred offering cost	12,466
Total current assets	31,616	76,234,239
Non-current assets:
XAUt collateral receivable from related party, non-current (i)	—	72,073,550
Deferred offering cost		480,573
Total non-current assets	—	72,554,123
Total assets Liabilities and shareholders' equity	31,616	148,788,362
Current liabilities: Amounts due to related parties	1,664	110,755
Accrued expenses and other current liabilities(ii)	321,611	1,263,489
Total current liabilities	323,275	1,374,244
Non-current liabilities: Loan payables due to related party, non-current	—	40,590,795
Total non-current liabilities	—	40,590,795
Total liabilities	323,275	41,965,039
Total shareholders' (deficit) equity	(291,659)	106,823,323
Total liabilities and shareholders' equity	31,616	148,788,362

 

(i)  XAUt collateral receivable from related party serves as collateral for the loan payable due to related party of $40,590,795.

(ii)  Accrued expenses and other current liabilities include accrued liabilities, other payables and the payroll payable.

 

View original content:https://www.prnewswire.com/news-releases/aurelion-reports-first-quarter-2026-results-302702493.html

SOURCE Aurelion Inc.

FAQ

What financing did Aurelion (AURE) complete in October 2025?

Aurelion completed an approximately $100 million private placement and a $50 million three-year term loan. According to the company, these financings closed in October 2025 and supported the implementation of its XAUt treasury strategy and management changes.

How much XAUt did Aurelion (AURE) purchase and what was the cost?

Aurelion purchased 33,318.32 XAUt for about $134.15 million, at an average price of $4,026.34 per XAUt. According to the company, purchases occurred on October 12–13, 2025, and serve as the primary treasury reserve asset.

What was Aurelion's reported NAV and NAV per share as of December 31, 2025?

Aurelion reported an unaudited NAV of $108.2 million and NAV per share $2.94 as of 12/31/2025. According to the company, NAV equals cash plus XAUt holdings minus debt based on the condensed consolidated balance sheet.

What capital-markets actions did Aurelion (AURE) take after December 2025?

Aurelion launched an at-the-market equity facility up to $500 million and executed a 1-for-10 share consolidation effective February 19, 2026. According to the company, the ATM allows sales of Class A shares subject to market conditions.

How did XAUt affect Aurelion's reported income for the quarter?

Aurelion recorded $9.9 million of non-operating income primarily from fair value gains on XAUt during the quarter. According to the company, the appreciation of gold drove those fair value gains for the period ended December 31, 2025.