Bitpanda posts €14 million loss for 2025 despite revenue growth
- —Net loss of about €14 million versus a €61.7 million profit in 2024
- —Adjusted revenue up 16% to €371 million from €321 million
- —Adjusted EBITDA fell to €13 million from €52 million
- —Marketing spend rose 56% to just under €107 million; headcount grew to 555
Why it matters: The loss stems from financial items and expansion costs rather than weak demand, with the trading business still profitable and customer assets segregated.
Source: CryptoTicker