WonderFi Reports First Quarter 2025 Results
WonderFi Technologies (WONDF) reported its Q1 2025 financial results, achieving $17.5 million in revenue and interest income. The company's trading platforms Bitbuy and Coinsquare generated over $1.128 billion in trading volumes. Key operational highlights include launching the Wonder Wallet with a Layer-2 blockchain, introducing Bitcoin.ca for investor education, and acquiring Blade Labs.
Notably, Robinhood Markets has agreed to acquire WonderFi for C$0.36 per share, with the transaction expected to complete in H2 2025, subject to regulatory and shareholder approvals. Post Q1, WonderFi sold its stake in Tetra Trust Company for $8.38 million CAD.
WonderFi Technologies (WONDF) ha riportato i risultati finanziari del primo trimestre 2025, raggiungendo 17,5 milioni di dollari in ricavi e interessi. Le piattaforme di trading dell'azienda, Bitbuy e Coinsquare, hanno generato volumi di scambio superiori a 1,128 miliardi di dollari. Tra i principali risultati operativi si segnalano il lancio del Wonder Wallet con una blockchain Layer-2, l'introduzione di Bitcoin.ca per l'educazione degli investitori e l'acquisizione di Blade Labs.
Da notare che Robinhood Markets ha concordato di acquisire WonderFi a 0,36 dollari canadesi per azione, con la transazione prevista per il secondo semestre del 2025, subordinata alle approvazioni regolamentari e degli azionisti. Dopo il primo trimestre, WonderFi ha venduto la sua partecipazione in Tetra Trust Company per 8,38 milioni di dollari canadesi.
WonderFi Technologies (WONDF) reportó sus resultados financieros del primer trimestre de 2025, alcanzando 17,5 millones de dólares en ingresos e intereses. Las plataformas de trading de la compañía, Bitbuy y Coinsquare, generaron volúmenes de operación superiores a 1.128 millones de dólares. Entre los aspectos operativos clave destacan el lanzamiento de Wonder Wallet con una blockchain Layer-2, la introducción de Bitcoin.ca para la educación de inversores y la adquisición de Blade Labs.
Es importante señalar que Robinhood Markets acordó adquirir WonderFi por 0,36 dólares canadienses por acción, con la transacción prevista para la segunda mitad de 2025, sujeta a aprobaciones regulatorias y de accionistas. Después del primer trimestre, WonderFi vendió su participación en Tetra Trust Company por 8,38 millones de dólares canadienses.
WonderFi Technologies (WONDF)는 2025년 1분기 재무 실적을 발표하며 1,750만 달러의 수익과 이자 수입을 기록했습니다. 회사의 거래 플랫폼인 Bitbuy와 Coinsquare는 11억 2,800만 달러 이상의 거래량을 달성했습니다. 주요 운영 성과로는 Layer-2 블록체인을 적용한 Wonder Wallet 출시, 투자자 교육을 위한 Bitcoin.ca 도입, 그리고 Blade Labs 인수가 포함됩니다.
특히 Robinhood Markets는 WonderFi를 주당 0.36 캐나다 달러에 인수하기로 합의했으며, 이 거래는 규제 및 주주 승인 후 2025년 하반기에 완료될 예정입니다. 1분기 이후 WonderFi는 Tetra Trust Company 지분을 838만 캐나다 달러에 매각했습니다.
WonderFi Technologies (WONDF) a publié ses résultats financiers du premier trimestre 2025, atteignant 17,5 millions de dollars de revenus et de produits d’intérêts. Les plateformes de trading de la société, Bitbuy et Coinsquare, ont généré plus de 1,128 milliard de dollars de volumes de transactions. Parmi les faits marquants opérationnels figurent le lancement de Wonder Wallet avec une blockchain Layer-2, l’introduction de Bitcoin.ca pour l’éducation des investisseurs, ainsi que l’acquisition de Blade Labs.
Notamment, Robinhood Markets a accepté d’acquérir WonderFi pour 0,36 dollar canadien par action, la transaction devant être finalisée au second semestre 2025, sous réserve des approbations réglementaires et des actionnaires. Après le premier trimestre, WonderFi a vendu sa participation dans Tetra Trust Company pour 8,38 millions de dollars canadiens.
WonderFi Technologies (WONDF) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht und dabei 17,5 Millionen US-Dollar an Umsatz und Zinserträgen erzielt. Die Handelsplattformen des Unternehmens, Bitbuy und Coinsquare, generierten Handelsvolumina von über 1,128 Milliarden US-Dollar. Zu den wichtigsten operativen Highlights zählen die Einführung der Wonder Wallet mit einer Layer-2-Blockchain, die Einführung von Bitcoin.ca zur Anlegerbildung sowie die Übernahme von Blade Labs.
Bemerkenswert ist, dass Robinhood Markets zugestimmt hat, WonderFi für 0,36 kanadische Dollar pro Aktie zu übernehmen. Die Transaktion soll im zweiten Halbjahr 2025 abgeschlossen werden, vorbehaltlich regulatorischer und aktionärsrechtlicher Genehmigungen. Nach dem ersten Quartal verkaufte WonderFi seine Beteiligung an der Tetra Trust Company für 8,38 Millionen kanadische Dollar.
- Revenue of $17.5 million in Q1 2025, marking the third highest revenue quarter in company history
- Strong trading volume of $1.128 billion through Bitbuy and Coinsquare platforms
- Strategic acquisition by Robinhood Markets at C$0.36 per share
- Successful sale of Tetra Trust Company stake for $8.38 million CAD
- Pending acquisition by Robinhood could lead to operational changes and uncertainty
- Transaction completion subject to multiple regulatory approvals and conditions
Achieved
Wholly owned trading platforms Bitbuy and Coinsquare generated over
Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company"), a global leader in centralized and decentralized financial services and products, today announced its financial results for the three months ended March 31st, 2025. All financial references are in Canadian dollars unless otherwise noted.
Key First Quarter 2025 Financial Highlights:
- Achieved
$17.5 million in revenue and interest income in Q1 2025, the third highest revenue quarter in company history. - Wholly owned trading platforms Bitbuy and Coinsquare generated over
$1.12 8 billion in trading volumes during the quarter.
Key Q1 2025 Operational Highlights
- Launched a new self-custodial Wonder Wallet alongside a Layer-2 blockchain built on ZKsync, aimed at driving mainstream adoption of on-chain finance and decentralized technologies.
- Expanded its educational reach with the launch of Bitcoin.ca, a dedicated Canadian platform designed to provide accessible Bitcoin investor education and onboarding tools.
- Acquired Blade Labs, a Solana infrastructure company, to enhance its blockchain capabilities and support the development of scalable decentralized applications.
Subsequent To Q1
- On April 10th, 2025, the WonderFi sold 15,917,504 common of Tetra Trust Company for net proceeds of
$8.38 million CAD. - On May 13, 2025, WonderFi entered into a definitive agreement (the "Arrangement Agreement") with Robinhood Markets, Inc. ("Robinhood") and a wholly owned subsidiary of Robinhood (the "Purchaser"). Pursuant to the Arrangement Agreement, the Purchaser will acquire all of the issued and outstanding common shares of the Company ("Common Shares") for C
$0.36 per Common Share by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). The Arrangement is subject to customary conditions, including securityholder approval, and the approval of the Supreme Court of British Columbia, approval under the Competition Act (Canada) and the approvals of the Canadian Securities Administrators and the Canadian Investment Regulatory Organization. Subject to satisfaction of such conditions, the Arrangement is expected to be completed during the second half of 2025.
"We're extremely pleased with the progress we've made in Q1 2025," said Dean Skurka, President and CEO of WonderFi. "Our strong start to the year has enabled us to stay focused on our strategic initiatives and continue investing in growth."
Access to Financial Statements and Management Discussion and Analysis
Complete financial statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval ("SEDAR+"), the electronic filing system for the disclosure documents of issuers across Canada at www.sedarplus.ca.
About WonderFi
WonderFi is a global leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, Smartpay and Bitcoin.ca.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi.
Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control, including, specifically, the entering into of definitive agreements in respect of the partnership, the receipt of regulatory approvals in respect thereof, the timing of launch and the expected benefits of the partnership. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court and securityholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and other expectations and assumptions concerning the proposed Arrangement. The anticipated dates indicated may change for a number of reasons, including the necessary regulatory, securityholder and court approvals, the necessity to extend the time limits for satisfying the other conditions for the completion of the proposed Arrangement. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking financial information and statements are the following: the failure of the parties to obtain the necessary securityholder, regulatory and court approvals or to otherwise satisfy the conditions for the completion of the Arrangement in a timely manner. Failure to obtain the necessary securityholder, regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion of the Arrangement or to complete the Arrangement, may result in the Arrangement not being completed on the proposed terms or at all. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended March 31, 2025, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252209
FAQ
What was WonderFi's (WONDF) revenue in Q1 2025?
How much is Robinhood paying to acquire WonderFi?
What trading volume did WonderFi's platforms generate in Q1 2025?
When is the Robinhood-WonderFi acquisition expected to close?
What major operational developments did WonderFi achieve in Q1 2025?
