Crypto firm K33 more than doubled its revenues in 2025, reaching a total turnover of SEK 2.2 billion. Trading activity has remained strong into 2026, with a volume of SEK 564 million traded so far in the first quarter.
The company's 12-month rolling trading volume also shows the growth rate, reaching SEK 2.6 billion. On the negative side, it is K33's unrealized loss of 35.6 MSEK related to the company's Bitcoin holdings that excels.
“Although quarterly results may vary with market conditions, underlying performance remains strong. We are seeing increasing activity from larger clients and institutional counterparties,” says Torbjørn Bull Jenssen, CEO of K33, who continues: “We enter 2026 with confidence and focus on scaling the platform, improving operating margins and building long-term value for our shareholders.
K33, which is headquartered in Norway and is listed in Sweden, on Sunday evening released a trading update for the fourth quarter and all of 2025, ahead of the release of the company's Q4 and 2025 annual report on February 26, 2026. Normally, such updates occur only when a company's development deviates from what the market expects. According to the company's announcement, the financial information is current and unaudited and may be amended in connection with the completion of the final Q4 and Annual Report for 2025 and the audit process.
K33 delivered strong growth in 2025, with revenue increasing by 128% compared to 2024. Last year figures in parentheses.
According to K33, developments in 2025 reflect strong revenue growth combined with continued investments in platform capacity, product development and organisational building to support long-term scalability, growth and compliance.
In the fourth quarter of 2025, revenue increased by 14% compared to the fourth quarter in 2024. Figures for the corresponding period in 2024 in parentheses.
Compared to the third quarter of 2025, both revenue and profit were lower, reflecting normal quarterly variation in trading volumes and customer activity, according to K33.
Trading activity at K33 Markets has remained solid into the start of 2026, with SEK 564 million traded so far in the first quarter of 2026. K33 Markets' 12-month rolling trading volume increased to approximately 2.61 billion. SEK as of February 14, 2026, up from 2.29 billion SEK SEK at the end of 2025.
“We enter 2026 with confidence and focus on scaling the platform, improving operating margins and building long-term value for our shareholders,” says Bull Jenssen.