Seeking Alpha
2022-02-15 14:12:13

Voyager Digital Q2 beat highlights transaction revenue soaring Y/Y

Voyager Digital (OTCQX:VYGVF) Q2 earnings came in better-than-expected as transaction revenue surged from the same year-ago period. Q2 EPS of $0.01 per diluted share topped the -$0.03 consensus and jumped from a loss of $0.07 in the year-ago quarter. Q2 transaction revenue of $86.50M vs. $2.05M in Q2 2020. Fees from crypto assets loaned were $36.23M in Q2, up from just $1.51M in Q2 a year ago. Total verified users on the platform stood at more than 3.2M in Q2, up from 2.15M in the previous quarter. Funded accounts exceeded 1,074,000 in Q2, up from 860K in the prior period. Q3 total assets grew to $5.9B from $4.3B in Q1. Q3 operating expenses were $161.63M, up from $6.47M in Q2 of last year. It held $2.99B worth of crypto on its balance sheet, up from $393.56M in the previous quarter. "By the end of the March quarter, we expect our

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