BIGG Digital Assets Inc. Reports Financial Results for Q3 2025
Rhea-AI Summary
BIGG Digital Assets (OTCQX: BBKCF) reported Q3 2025 results on November 28, 2025. The company posted gross operating revenue of $3.29M, driven by Netcoins $2.73M and Blockchain Intelligence Group $0.56M. BIGG reported net income $1.42M in Q3 2025 versus a net loss of $12.1M in Q3 2024, while fiscal 2025 YTD net loss narrowed to $2.32M. Netcoins AUC reached $239.5M (up 19% YoY) and active users were 9,378.
Other highlights: BIG maintained a 90% gross margin, Netcoins staking AUC generated $29K, the company held $21.5M in cash and crypto, has no debt, and granted 942,000 stock options exercisable at $0.08 subject to approval.
Positive
- Gross operating revenue of $3.29M in Q3 2025
- Netcoins revenue $2.73M, +56% year-over-year
- Blockchain Intelligence Group revenue $0.56M, +37% YoY
- Q3 2025 net income of $1.42M versus prior-year loss
- Customer AUC $239.5M, +19% year-over-year
- $21.5M in cash and crypto; no debt
Negative
- Netcoins margin down to 1.04% from 1.39% in 2024
- Fiscal 2025 YTD net loss of $2.32M remains
- Active users declined 10% from Q2 2025 (seasonal)
News Market Reaction – BBKCF
In the Nov 28 session, BBKCF gained 6.40%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 28 | Q3 2025 earnings | Positive | +6.4% | Return to net income, revenue growth, and higher AUC and user metrics. |
| Nov 10 | Q3 guidance | Positive | -4.0% | Q3 Netcoins revenue and net income guidance with platform growth data. |
| Oct 07 | Product/UX update | Neutral | -1.2% | Launch of newsletter and integrated news feed for Netcoins users. |
| Sep 29 | Regulatory extension | Neutral | +3.5% | Two-year extension of exemptive relief with future capital and filing milestones. |
| Sep 23 | IR initiatives | Positive | -13.8% | Investor relations campaign, media features, and conference participation. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings and guidance events have drawn mixed reactions, with some positive operational updates sold off while core financial results have seen supportive price moves.
Over the last few months, BIGG reported multiple updates around Netcoins and broader corporate initiatives. The latest Q3 2025 results on Nov 28 highlighted $3.29M in gross operating revenue, a swing to $1.42M net income, and Netcoins AUC of $239.5M, which coincided with a 6.4% gain. Earlier Q3 guidance on Nov 10 with expected Netcoins revenue of $2.5M saw a -3.98% move. Regulatory progress on exemptive relief and new user-facing tools produced modest, mixed price reactions.
Key Terms
assets under custody financial
exemptive relief regulatory
canadian securities administrators regulatory
investment dealer financial
stock options financial
omnibus equity incentive plan financial
ifrs accounting standards financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, British Columbia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG'' or the “Company”) (TSXV: BIGG, OTCQX: BBKCF, WKN: A2PS9W) a leading innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, reports its Q3 2025 financial results. All figures are in Canadian dollars (CAD) unless otherwise noted.
Q3 2025 Highlights:
Financial Performance
- Gross operating revenue of
$3.29M , consisting of:$2.73M from Netcoins$0.56M from Blockchain Intelligence Group (“BIG”)
Netcoins
- Netcoins generated
$2.73M in revenue (2024 –$1.74M ), an increase of56% year-over-year. This$1M rise is significant given that trading activity typically slows during the summer months, with the exception of 2021—a major bull market year during which Netcoins recorded$2.2M in revenue. - Netcoins’ margin was
1.04% (2024 –1.39% ). - Transaction revenue totalled
$2.7M , up55% YoY - As of September 30, 2025, customers’ staked Assets Under Custody (“AUC”) reached
$4.5M (2024 –$3.04M ), generating service revenue of$29 K (2024 –$5.5 K). - Fiscal 2025 year-to-date (“YTD”), Netcoins’ revenue increased
19% , rising to$8.2M from$6.9M in Fiscal 2024 YTD.
Blockchain Intelligence Group
- BIG recorded revenue of
$0.56M (2024 –$0.41M ), an increase of37% YoY. - Fiscal 2025 YTD revenue grew
50% compared to Fiscal 2024 YTD. - BIG maintained a strong gross margin of
90% (2024 –85% ).
Profitability & Expenses
- BIGG reported net income of
$1.42M in Q3 2025, compared to a net loss of$12.1M in Q3 2024. - Operating expenses were
$4.8M , down from$7.7M in Q3 2024. - Fiscal 2025 YTD net loss is
$2.32M (2024 YTD –$14.43M ), with YTD operating expenses reduced to$15.1M (2024 YTD –$18.97M ).
Netcoins Platform Metrics
- Netcoins’ customer AUC totalled
$239.5M at the end of Q3 2025, up$38.1M or19% YoY from$201.4M at the end of Q3 2024. - AUC also increased
28% from Q2 2025, rising by$51.75M —a notable trend reversal given typical seasonal slowdowns. - Active users reached 9,378, a
17% YoY increase. As expected seasonally, active users declined10% from Q2 2025. YTD, active users were down2% compared to Fiscal 2024 YTD.
Regulatory Developments
- Netcoins announced a two-year extension to its exemptive relief decision granted by the British Columbia Securities Commission (“BCSC”) and other members of the Canadian Securities Administrators, subject to conditions outlined in the decision document (found here 2025 BCSECCOM 439).
- Netcoins is advancing toward its next major milestones:
- Submitting applications to the BCSC, the Autorité des marchés financiers, and the Canadian Investment Regulatory Organization (“CIRO”) to become a registered investment dealer.
- Submitting an application to CIRO to become a CIRO dealer member.
TerraZero
- TerraZero continued development of Intraverse, its new gamified social platform offering users a fully customizable virtual environment to connect with friends, play games, stream music and video, and more. Intraverse will also enable monetization opportunities for artists, brands, developers, and creators.
Balance Sheet
- As of September 30, 2025, BIGG held approximately
$21.5M in cash and crypto assets. - The Company has no debt.
Selected financial and operating information should be read in conjunction with BIGG's unaudited condensed consolidated interim financial statements and related Management's Discussion and Analysis for the nine months ended September 30, 2025, available at www.sedarplus.ca.
All financial information in this press release is prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board.
Grant of Stock Options
The Company has granted, subject to regulatory approval, a total of 942,000 stock options to directors, officers, and employees of Netcoins, pursuant to the terms of the Company's Omnibus Equity Incentive Plan (the “Plan”). Granted on the basis of strong performance, the options are exercisable for a period of five years from the date of grant at a price of
On behalf of the board:
Dan Reitzik
Interim CEO
ir@biggdigitalassets.com
778.819.3890
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. is a leading-edge technology company operating across three dynamic business segments: (1) a secure and innovative cryptocurrency trading platform for seamless digital asset transactions (Netcoins.com), (2) immersive metaverse experiences that redefine digital interaction and engagement (TerraZero.com), and (3) advanced big data and blockchain technology solutions that drive efficiency, security, and scalability across industries (BlockchainGroup.io). Our mission is to pioneer the future of digital ecosystems, empowering users and businesses with next-generation technology.
Netcoins offers secure crypto trading in Canada and the USA, with a mission to make crypto trading easy. Netcoins has a robust product offering with over 60 assets for Crypto Trading, and Staking (Canada Only). Netcoins facilitates crypto trading via its cutting-edge Mobile and Web applications and its OTC Trading Desk. For more information, please visit our website www.netcoins.com.
TerraZero Technologies Inc., a leading Metaverse development group and Web3 technology company, is transforming how brands connect with audiences through next-gen immersive experiences. Leveraging the power of Agentic AI, TerraZero is building dynamic bridges between the physical and virtual worlds — where enterprise, creativity, and commerce seamlessly converge. With a Metaverse-agnostic vision and a fully integrated model, TerraZero designs, builds, and operates virtual assets and solutions that unlock new revenue streams and user engagement opportunities. Through its Intraverse platform, TerraZero offers a full digital ecosystem: Immersive Experience Creation, Advertising, Data Analytics and Events & Marketing. From gamified experiences to enterprise-level activations, TerraZero is shaping the future of how we live, work, and play in the Metaverse. For more information, please visit https://terrazero.com/ or contact hello@terrazero.com.
Blockchain Intelligence Group is an industry-leading digital asset forensics, anti-money laundering detection, and cryptocurrency investigations company. At the heart of our operations is a deep-rooted expertise in visualizing digital assets and market-related activities. This expertise is leveraged to monitor transactional data with a constant eye to assist our customers with risk management, due diligence, and forensic services for digital assets. For more information, please visit our website www.BlockchainGroup.io.
For more information and to register for BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR+ at www.sedarplus.ca.
Future operating results could also be materially affected by the price of cryptocurrency and the demand (or lack thereof) for cryptocurrency. In addition, BIGG’s past financial performance may not be a reliable indicator of future performance.
Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include the expected opportunities, outcomes, potential and benefits of the Company’s products and services, and developing products and the expected outcomes and benefits of this continued development, the expected adoption and growth of cryptocurrency and the Company’s products and services, evaluating, researching and predicting market trends, the development and completion of products and services, the launch of products and services, events, plans, courses of action, and the potential of the Company’s technology and operations and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the ability to manage operating expenses, which may adversely affect the Company’s financial condition, the ability to remain competitive as other better financed competitors develop and release competitive products, volatility in the trading price of the common shares of the Company, the demand and pricing of cryptocurrency, the Company’s ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. The securities of BIGG are considered highly speculative due to the nature of BIGG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s website and filings on www.sedarplus.ca. In addition, BIGG’s past performance may not be a reliable indicator of future performance.
Important factors that could cause actual results to differ materially from BIGG’s expectations include consumer sentiment towards BIGG’s products and Cryptocurrency, Blockchain and Metaverse technology generally, technology failures, the lack of demand for the company’s products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers’ needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the ability to obtain and/or maintain licences, permits and approvals that are necessary to operate the business; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; increase in costs and expenses; the dependence on key personnel; competition; the demand and pricing of cryptocurrencies and NFTs (including digital assets); litigation; security threats, including a loss/theft of NFTs, cryptocurrencies, and other assets; and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
