Amber International Holding Ltd
- Open
- 1.43
- Day high
- 1.44
- Day low
- 1.41
- Prev close
- 1.41
- Volume
- 9K
- Mkt cap
- $134M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.3
- P/S
- 2.1
- Yield
- —
- Per share
- —
Amber International Holding Ltd (AMBR) is a Real Estate company listed on NASDAQ. The stock is down 82% over the past year.
Amber International Holding Ltd (AMBR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AMBR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 28, 2026 | $-0.02 | $-0.04 | -100.0% | $4M | -62.3% |
| Nov 26, 2025 | — | $0.03 | — | $16M | +3.8% |
| Sep 10, 2025 | — | $0.01 | — | $21M | — |
| May 28, 2025 | — | $0.02 | — | $15M | — |
| Jun 20, 2024 | — | $-0.50 | — | $33M | -22.4% |
| Dec 13, 2023 | $-0.88 | $-0.50 | +43.7% | $33M | -22.4% |
| May 11, 2023 | $-1.10 | $-13.16 | -1096.0% | $43M | +0.0% |
| Nov 30, 2022 | $-1.34 | $-0.10 | +92.5% | $41M | +6.1% |
| Aug 25, 2022 | $-0.56 | $-1.50 | -167.9% | $38M | -25.9% |
| May 27, 2022 | $-0.38 | $-0.60 | -57.9% | $76M | +41.9% |
| Mar 24, 2022 | $0.06 | $-0.30 | -600.0% | $47M | -47.9% |
| Nov 30, 2021 | $0.44 | $0.10 | -77.3% | $87M | +0.3% |
AMBR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 24, 2026 | IP WING WAIdirector | Grant | 1,000 | — |
| Apr 11, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 295,262 | $7.10 |
| Apr 11, 2017 | CALDWELL DONALD R10 percent owner | Sell | 287,600 | $7.01 |
| Apr 11, 2017 | CALDWELL DONALD R10 percent owner | Sell | 295,262 | $7.10 |
| Apr 11, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 287,600 | $7.01 |
| Apr 7, 2017 | CALDWELL DONALD R10 percent owner | Sell | 48,704 | $7.00 |
| Apr 7, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 11,300 | $7.01 |
| Apr 7, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 48,704 | $7.00 |
| Apr 7, 2017 | CALDWELL DONALD R10 percent owner | Sell | 11,300 | $7.01 |
| Apr 5, 2017 | CALDWELL DONALD R10 percent owner | Sell | 23,449 | $7.00 |
| Apr 5, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 25,000 | $7.52 |
| Apr 5, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 23,449 | $7.00 |
| Apr 5, 2017 | CALDWELL DONALD R10 percent owner | Sell | 25,000 | $7.52 |
| Apr 3, 2017 | Cross Atlantic Capital Partners, Inc.10 percent owner | Sell | 158,578 | $7.60 |
| Apr 3, 2017 | CALDWELL DONALD R10 percent owner | Sell | 100,000 | $7.64 |
Source: AMBR SEC Form 4 filings, latest Jun 24, 2026. For informational purposes only — not investment advice.
See the full AMBR insider & 13F page →Amber International Holding Ltd company profile
Overview
Amber International Holding Ltd (NASDAQ:AMBR) is a financial technology company that has undergone significant transformation in recent years. Originally founded as a real estate developer focused on hospitality projects in emerging markets, the company has pivoted to become an institutional cryptocurrency financial services provider. The company completed a major strategic merger with iClick Interactive Asia Group and began trading on NASDAQ under the ticker AMBR, marking its evolution from traditional real estate development to digital asset services for institutional clients and high-net-worth individuals.
Business
Amber International operates as an institutional cryptocurrency financial services provider, offering sophisticated digital asset solutions to institutional clients, high-net-worth individuals, and enterprises. The cryptocurrency industry involves digital currencies that use cryptographic technology to secure transactions and control the creation of new units, with Bitcoin and Ethereum being the most well-known examples. Unlike traditional banking, cryptocurrency services require specialized platforms that can handle the technical complexity, regulatory requirements, and security demands of digital asset management. The company operates through three primary business segments that collectively generated $32.8 million in revenue for 2024. Execution Solutions represents the largest segment at approximately 20-30% of total revenue, providing full-stack trading and transaction services that allow institutional clients to buy, sell, and manage cryptocurrency positions efficiently. Wealth Management Solutions offers portfolio management and investment advisory services specifically tailored for digital assets, helping clients navigate the volatile cryptocurrency markets. Payment Solutions enables businesses to integrate cryptocurrency payments into their operations, facilitating digital currency transactions for commercial use. Additionally, the company has integrated Sparrow Tech Private Limited and developed proprietary platforms with institutional-grade security features. These platforms are designed to meet the stringent requirements of large financial institutions and wealthy individuals who need secure, compliant ways to access cryptocurrency markets while maintaining the regulatory oversight and risk management standards they require in traditional finance.
Revenue model
Amber International generates revenue through multiple streams within its cryptocurrency services ecosystem. The primary revenue model includes transaction fees from execution services, where the company earns commissions on cryptocurrency trades executed for institutional clients. Wealth management services generate ongoing management fees based on assets under management, similar to traditional investment advisory services but focused on digital assets. Payment solutions create revenue through processing fees when businesses use Amber's infrastructure to accept or send cryptocurrency payments. The company's paying customers are primarily institutional investors, high-net-worth individuals, and enterprises seeking professional-grade cryptocurrency services. Unlike retail cryptocurrency platforms that serve individual consumers, Amber focuses on clients who require sophisticated risk management, regulatory compliance, and personalized service levels that justify premium pricing. Several factors influence the company's profit margins. Cryptocurrency market volatility significantly impacts trading volumes and client activity levels, with bull markets typically driving higher transaction volumes and fees. Regulatory developments in key markets like Asia and the Middle East can either expand or constrain business opportunities, particularly as the company pursues licenses in regulated jurisdictions like Dubai. Competition from established financial institutions entering the cryptocurrency space could pressure pricing and market share. Technology infrastructure costs represent a significant operational expense, as maintaining institutional-grade security and compliance systems requires substantial ongoing investment. Client concentration risk also affects margins, as the loss of major institutional clients could significantly impact revenue given the company's focus on serving a smaller number of high-value customers rather than mass market retail clients.
Competitive moat
Amber International's competitive moat appears relatively narrow in the rapidly evolving cryptocurrency services industry. The company's primary advantages include its institutional focus and specialized expertise in serving high-net-worth clients and enterprises, which requires different capabilities than retail-oriented platforms. The company has developed proprietary technology platforms with institutional-grade security features, and its regulatory licenses in multiple jurisdictions, including the planned Dubai license, provide some barriers to entry. However, the company faces significant competitive threats that limit the strength of its moat. Traditional financial institutions with vastly greater resources are increasingly entering the cryptocurrency space, bringing established client relationships, regulatory expertise, and capital advantages. Technology barriers are relatively low in cryptocurrency services, as the underlying blockchain infrastructure is largely open-source and accessible. Network effects are limited compared to other fintech businesses, as cryptocurrency trading and wealth management services don't inherently become more valuable as more users join the platform. The company's competitive position is further challenged by the regulatory uncertainty that characterizes the cryptocurrency industry, which could favor larger, more established financial institutions with greater compliance resources. Additionally, client switching costs are relatively low in cryptocurrency services, as digital assets are generally portable between platforms. Overall, while Amber has carved out a niche in institutional cryptocurrency services, its moat appears vulnerable to disruption from better-capitalized competitors and regulatory changes that could reshape the industry landscape.
Risks & safety
Amber International presents significant financial risks with limited margin of safety for investors. • Cash burn and solvency risk: The company reported negative $21.8 million operating cash flow and negative $21.9 million free cash flow in 2024, with only $19.6 million in cash and short-term investments, suggesting potential liquidity concerns within 12 months if current burn rate continues. • Debt levels: Debt-to-equity ratio of 0.23 is relatively manageable, though total liabilities of $35.2 million against total assets of $49.6 million leaves limited cushion. • Valuation metrics: Negative EBITDA of $23.4 million makes traditional valuation metrics problematic; price-to-book ratio of 6.13 appears elevated given the company's losses and asset base. • Profitability concerns: Three consecutive years of significant losses, with 2024 net loss of $24 million on $32.8 million revenue indicating fundamental profitability challenges. • Revenue volatility: Revenue declined from $169 million in 2022 to $133 million in 2023 to $32.8 million in 2024, showing extreme volatility likely related to cryptocurrency market conditions and business model changes.
Recent development
Amber International has undergone a dramatic strategic transformation over the past few years, pivoting from its original real estate development focus to become a cryptocurrency financial services provider. The most significant development was the completion of a merger with iClick Interactive Asia Group, which enabled the company's listing on NASDAQ under the ticker AMBR and provided access to new capabilities and markets. The company has made substantial investments in building its technology infrastructure, developing proprietary platforms with institutional-grade security to serve its target market of institutional clients and high-net-worth individuals. A key strategic move was the integration of Sparrow Tech Private Limited, which enhanced the company's technical capabilities and platform offerings. Geographic expansion represents another major strategic initiative, with the company focusing on regulated markets in Asia and the Middle East. The pursuit of a Dubai license is particularly significant, as it will enable Amber to tap into local Middle Eastern client segments and expand its addressable market in a region with growing cryptocurrency adoption among institutional investors. Looking toward 2025, the company has outlined several strategic priorities including expanding tokenization of real-world assets, which represents a growing trend in cryptocurrency markets where physical assets like real estate or commodities are converted into digital tokens. The company also plans to establish a $10 million crypto treasury reserve, demonstrating its commitment to the digital asset ecosystem while potentially providing additional revenue opportunities through treasury management. The company's refined go-to-market strategy emphasizes its differentiation from retail-focused cryptocurrency platforms by concentrating on institutional clients who require tailored services, regulatory compliance, and sophisticated risk management capabilities that justify premium pricing structures.
AMBR company profile · for informational purposes only — not investment advice.
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