Kraken Parent Payward Reports 33% Revenue Growth to $2.2bn in 2025

By Staff Writer

03rd Feb 2026

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Key Highlights

• Payward (Kraken’s parent) said 2025 adjusted revenue rose 33% to $2.2bn, with adjusted EBITDA up 26% to $531m.
• Kraken trading volume topped $2tn (+34%), while platform assets increased 11% to $48.2bn.
• Funded accounts jumped 50% to 5.7m, as Payward continues building a shared infrastructure layer across its wider product suite.

Payward, the parent company of Kraken, has reported some solid growth and strong numbers for 2025 in its full-year financial highlights , with adjusted revenue rising 33% to $2.2 billion.

The company said adjusted EBITDA increased 26% to $531 million, while trading volume on Kraken topped $2 trillion, up 34% year-on-year. Platform assets grew 11% to $48.2 billion, and the number of funded accounts climbed to 5.7 million, representing a 50% increase from the previous year.

Payward also highlighted its role as a shared infrastructure layer across its wider product ecosystem, supporting Kraken and related brands.

These include NinjaTrader, Breakout, and xStocksFi through common liquidity pools, risk systems, settlement operations, and compliance frameworks.

The company added that it expects to introduce new products in the future.

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