financial results

Cathedra Bitcoin (CBTTF) announced its Q3 2025 financial results, reporting C$5.5 million in revenue and a net loss of C$0.8 million, a C$3.2 million improvement year-over-year. Subsequent to the quarter, Cathedra executed a 30:1 share consolidation and completed a 15 MW data center in Kentucky, increasing power capacity by 50%. The company aims to expand hosted infrastructure, optimize customer balance, and diversify its power portfolio, while actively scaling its energy infrastructure amid increasing demand for Bitcoin mining and hosting services.

Full Truck Alliance Co. Ltd. (FTA) announced its Q3 2025 financial results. Total net revenues reached RMB3,358.2 million (US$471.7 million), a 10.8% increase YoY. Net income was RMB921.0 million (US$129.4 million). Fulfilled orders grew by 22.3% to 63.4 million, and average shipper MAUs increased by 17.6% to 3.35 million. FTA’s Founder highlighted commitment to cost reduction and efficiency. The acquisition of Giga.AI aims to strengthen AI capabilities. Transaction service revenue increased 39.0% YoY.

FIBI announced its Q3 2025 financial results, demonstrating growth and profitability. Net income for the first nine months reached NIS 1,748 million (ROE 16.9%). Q3 net income was NIS 581 million (ROE 16.2%), impacted by nonrecurring losses at CAL. Revenue increased by 6% year-over-year for the first nine months. Customer assets grew by 34.4% to NIS 1.074 trillion. The Board approved a dividend distribution of NIS 436 million. CEO Eli Cohen highlighted FIBI’s resilience and loan portfolio quality.

ZEEKR Intelligent Technology (ZK) announced its Q3 2025 financial results. Vehicle deliveries totaled 140,195 units, a 12.5% YoY increase. Zeekr brand delivered 52,860 vehicles, and Lynk & Co reported 87,335 vehicles delivered (NEV portion was 72.4%). Vehicle sales reached RMB26,527 million, up 7.3% YoY. The vehicle margin was 15.6%. Total revenues increased to RMB31,562 million, a 9.1% YoY increase. Gross profit also rose to RMB6,046 million, a 37.1% YoY increase.

Syntec Optics (OPTX) reported Q3 2025 net sales of $6.95M, a 6% sequential increase driven by LEO satellite optics and defense products. Gross profit decreased to $0.9M due to labor and overhead investments. Adjusted EBITDA was approximately $0M, and net loss totaled $1.4M (loss of $0.04 per share). Cash balance stood at $0.6M, with $1.3M in total liquidity. The company projects Q4 2025 revenue between $7.3M and $8.0M.

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) will release its Q3 2025 unaudited financial results on November 25th and host an earnings call to discuss performance and strategic initiatives. Analysts will scrutinize AUM growth, responses to regulatory changes, and adaptation to shifting investor preferences. Key areas of interest include alternative investment demand, geopolitical impacts on cross-border investments, and fintech investments. Noah faces competition and evolving investor expectations. In H1 2025, Noah distributed RMB33.1 billion of investment products, with AUM totaling RMB145.1 billion as of June 30, 2025.

Discovery (DSVSF) reported strong Q3 2025 results, boosted by the Porcupine Complex acquisition. Gold production reached 63,154 ounces, generating $237.0M in revenue and $42.4M net earnings ($0.05/share). Operating cash flow was $153.5M, yielding $86.8M in free cash flow. The company’s cash position strengthened to $341.5M. A new $250M revolving credit facility provides further liquidity. However, the average gold grade decreased, and shares outstanding significantly increased due to share issuance. Exploration results were encouraging.

UCLOUDLINK’s Q3 2025 results reveal a mixed performance. Revenue decreased by 16% to US$21.1 million, while net income significantly increased to US$9.3 million. User engagement showed positive growth, with DAU reaching 352,227 (+6.1% YoY) and MAU reaching 761,586 (+11.9% YoY). Total data consumption rose to 49,044 TB (+9.0% YoY). The company reaffirmed its FY2025 revenue guidance of US$81.3M-US$85.8M, and projected Q4 2025 revenue of US$22.0M–US$26.5M. Adjusted net income and EBITDA declined.

Flex LNG reported Q3 2025 vessel operating revenues of $85.7 million and net income of $16.8 million, with a TCE rate of $70,921 per day. The company completed drydocking for two vessels, secured a $180 million term loan, and finalized a sale and leaseback agreement. Flex LNG declared a $0.75 per share dividend, marking the seventeenth consecutive quarter. Despite near-term market softness, strong financial maneuvering, including refinancing initiatives generating $530 million, and a solid balance sheet position Flex LNG well for long-term LNG demand growth.

PyroGenesis reported Q3 2025 revenue of $3.25M, down 18.7% YoY, with a 24% gross margin. Net loss was $2.25M, and modified EBITDA loss was $1.89M. Backlog stands at $51.6M (81% USD). Key wins include a Constellium contract, a $1.2M cement sector deal, and a titanium powder order. Fumed silica pilot results showed improved surface area (136 m²/g) and 0% carbon. Post-quarter, >$5M was raised, including CEO participation. The company is focused on innovation and a strong finish to 2025.