2025 Q4 -tulosraportti
Tänään
‧18 min
Tarjoustasot
First North Sweden
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 8 | - | - | ||
| 20 | - | - | ||
| 250 | - | - | ||
| 200 | - | - | ||
| 534 | - | - |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 188 692 | 188 692 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 188 692 | 188 692 | 0 | 0 |
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 | ||
2024 Q4 -tulosraportti 28.2.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·55 min sitten · MuokattuAs I read the report, the CEO says that "group total AUM" is just under 400m usd as of mid-March. This includes at least 3000btc in Xapo, i.e. approx 200m usd, and 105m usd in Syntetika. Thus, there is less than 95m usd in Basis+ and multistrat (excl. Syntetika). Considering that Basis+ is referred to as the flagship, one must assume that the majority of the remaining barely 95m is here. The CEO further writes that 20m usd is confirmed for the beginning of April. I then think that the year started with ca45m usd in Basis+, and that it increased by 20m usd in January and 20m usd in February. The underlying figures are then 45m*1.45 = 65m for January. Furthermore for February 65m*1.285 =84m. 45% in January and 28.5% in February are published KPIs. 84m+105m+200m=389m, and then multistrat and any capital added from end Feb. to mid-March come in addition, and then the total is just under 400m. Ref. CEO on page 6 of today's report.
·42 min sittenAfter my analysis (must read carefully during Easter) the break-even seems to be very close·24 min sittenI don't know what fixed running costs they will have. The report also has some one-off items. Ett Case has 50m svenske in its estimate, https://ettcase.no/hilbert/, so if you take that and use a 5% total return for the 2/20-part, they need approx. 100m usd. As I said, I don't know, but it seems to reasonably align with them saying they will soon be cash positive. Russel also says something about it here, from approx 36min. I know it's been shared before, but worth listening to imo. https://open.spotify.com/episode/3VB7g72ibHcUgqVRGkyf8f?si=0e7f09d824934a4b
3 t sitten3 t sittenMessy Q4, but the underlying story is compelling. 2026 numbers are cluttered by acquisition-related one-offs from the Liberty Road, Nordark and Enigma deals. The three transactions that defined 2025 as a year of transformation. Look through the noise and the picture is encouraging. Cash stood at USD 3.1m at year-end with a burn rate of ~USD 800k per month, but opex is set to step down meaningfully in 2026 as the one-off acquisition costs fall away. The Q1 data points are what matter most. Hilbert's funds are up 1.5% YTD against a Bitcoin market down 25%, the Multistrat fund alone (c.20% of AUM) is up 30% YTD. That kind of risk-adjusted outperformance is exactly what institutional allocators need to see, and it is translating directly into AUM momentum: AUM up 86% YTD, with a pipeline of USD 300m+ in new allocations spanning 25+ allocators not yet deployed. The receipt of sovereign wealth fund allocations adds a layer of institutional validation that is hard to replicate. Revenue should accelerate as the business scales through 2026, and the setup into year-end is increasingly credible. Conclusion: If the 1bn USD AUM target for year-end 2026 is achievable, and the early evidence supports it. The stock is deeply mispriced at current levels. Stellar risk-adjusted returns, institutional backing, and a compounding AUM flywheel. Under anything resembling normal market conditions, this is an attractive entry point.·1 t sittenSo one can like it or not and think that Hilbert is not a Bitcon company, but there is little doubt that Hilbert will get significant tailwind for its share price the day optimism in Bitcoin and the crypto market turns. When the Bitcoin price again ticks upwards and passes UDS 90,000 - 100,000 again, it will be challenging to chase after Hilbert. The macro picture and the crypto market are now "rotten", but as before, it will turn around again, and then one must be alert.·1 t sitten · MuokattuWhen Hilbert first breaks even. Can go faster than many think, and the way back to 10 sec is very short (in my book). I don't dare to sit on the sidelines, and like Nielen, I don't have the competence or interest for short-term trades. 2026 is Hilbert and syntetika's year!! We can check the status regarding that statement on 31/12/26. (Take a screenshot @Baretaper)
·4 t sittenRetail investors need to relax xD·3 t sitten · MuokattuI agree with that assessment. It's probably the reason Q4 was moved in the hope of a good Q1. Now guidance must be clear and good. Investors always focus on future earnings, and if RT/Hilbert manage to convince that they are close to cash positivity, along with an improved macro picture/crypto market and new large customer agreements, there could be strong share price development in the coming months. An insider purchase now would also have backed the case.
·5 t sittenReport out now!
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q4 -tulosraportti
Tänään
‧18 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·55 min sitten · MuokattuAs I read the report, the CEO says that "group total AUM" is just under 400m usd as of mid-March. This includes at least 3000btc in Xapo, i.e. approx 200m usd, and 105m usd in Syntetika. Thus, there is less than 95m usd in Basis+ and multistrat (excl. Syntetika). Considering that Basis+ is referred to as the flagship, one must assume that the majority of the remaining barely 95m is here. The CEO further writes that 20m usd is confirmed for the beginning of April. I then think that the year started with ca45m usd in Basis+, and that it increased by 20m usd in January and 20m usd in February. The underlying figures are then 45m*1.45 = 65m for January. Furthermore for February 65m*1.285 =84m. 45% in January and 28.5% in February are published KPIs. 84m+105m+200m=389m, and then multistrat and any capital added from end Feb. to mid-March come in addition, and then the total is just under 400m. Ref. CEO on page 6 of today's report.·42 min sittenAfter my analysis (must read carefully during Easter) the break-even seems to be very close·24 min sittenI don't know what fixed running costs they will have. The report also has some one-off items. Ett Case has 50m svenske in its estimate, https://ettcase.no/hilbert/, so if you take that and use a 5% total return for the 2/20-part, they need approx. 100m usd. As I said, I don't know, but it seems to reasonably align with them saying they will soon be cash positive. Russel also says something about it here, from approx 36min. I know it's been shared before, but worth listening to imo. https://open.spotify.com/episode/3VB7g72ibHcUgqVRGkyf8f?si=0e7f09d824934a4b
- 3 t sitten3 t sittenMessy Q4, but the underlying story is compelling. 2026 numbers are cluttered by acquisition-related one-offs from the Liberty Road, Nordark and Enigma deals. The three transactions that defined 2025 as a year of transformation. Look through the noise and the picture is encouraging. Cash stood at USD 3.1m at year-end with a burn rate of ~USD 800k per month, but opex is set to step down meaningfully in 2026 as the one-off acquisition costs fall away. The Q1 data points are what matter most. Hilbert's funds are up 1.5% YTD against a Bitcoin market down 25%, the Multistrat fund alone (c.20% of AUM) is up 30% YTD. That kind of risk-adjusted outperformance is exactly what institutional allocators need to see, and it is translating directly into AUM momentum: AUM up 86% YTD, with a pipeline of USD 300m+ in new allocations spanning 25+ allocators not yet deployed. The receipt of sovereign wealth fund allocations adds a layer of institutional validation that is hard to replicate. Revenue should accelerate as the business scales through 2026, and the setup into year-end is increasingly credible. Conclusion: If the 1bn USD AUM target for year-end 2026 is achievable, and the early evidence supports it. The stock is deeply mispriced at current levels. Stellar risk-adjusted returns, institutional backing, and a compounding AUM flywheel. Under anything resembling normal market conditions, this is an attractive entry point.·1 t sittenSo one can like it or not and think that Hilbert is not a Bitcon company, but there is little doubt that Hilbert will get significant tailwind for its share price the day optimism in Bitcoin and the crypto market turns. When the Bitcoin price again ticks upwards and passes UDS 90,000 - 100,000 again, it will be challenging to chase after Hilbert. The macro picture and the crypto market are now "rotten", but as before, it will turn around again, and then one must be alert.·1 t sitten · MuokattuWhen Hilbert first breaks even. Can go faster than many think, and the way back to 10 sec is very short (in my book). I don't dare to sit on the sidelines, and like Nielen, I don't have the competence or interest for short-term trades. 2026 is Hilbert and syntetika's year!! We can check the status regarding that statement on 31/12/26. (Take a screenshot @Baretaper)
- ·4 t sittenRetail investors need to relax xD·3 t sitten · MuokattuI agree with that assessment. It's probably the reason Q4 was moved in the hope of a good Q1. Now guidance must be clear and good. Investors always focus on future earnings, and if RT/Hilbert manage to convince that they are close to cash positivity, along with an improved macro picture/crypto market and new large customer agreements, there could be strong share price development in the coming months. An insider purchase now would also have backed the case.
- ·5 t sittenReport out now!
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
First North Sweden
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 8 | - | - | ||
| 20 | - | - | ||
| 250 | - | - | ||
| 200 | - | - | ||
| 534 | - | - |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 188 692 | 188 692 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 188 692 | 188 692 | 0 | 0 |
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 | ||
2024 Q4 -tulosraportti 28.2.2025 |
2025 Q4 -tulosraportti
Tänään
‧18 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 31.3. | ||
2025 Q3 -tulosraportti 28.11.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 | ||
2025 Q1 -tulosraportti 30.5.2025 | ||
2024 Q4 -tulosraportti 28.2.2025 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·55 min sitten · MuokattuAs I read the report, the CEO says that "group total AUM" is just under 400m usd as of mid-March. This includes at least 3000btc in Xapo, i.e. approx 200m usd, and 105m usd in Syntetika. Thus, there is less than 95m usd in Basis+ and multistrat (excl. Syntetika). Considering that Basis+ is referred to as the flagship, one must assume that the majority of the remaining barely 95m is here. The CEO further writes that 20m usd is confirmed for the beginning of April. I then think that the year started with ca45m usd in Basis+, and that it increased by 20m usd in January and 20m usd in February. The underlying figures are then 45m*1.45 = 65m for January. Furthermore for February 65m*1.285 =84m. 45% in January and 28.5% in February are published KPIs. 84m+105m+200m=389m, and then multistrat and any capital added from end Feb. to mid-March come in addition, and then the total is just under 400m. Ref. CEO on page 6 of today's report.·42 min sittenAfter my analysis (must read carefully during Easter) the break-even seems to be very close·24 min sittenI don't know what fixed running costs they will have. The report also has some one-off items. Ett Case has 50m svenske in its estimate, https://ettcase.no/hilbert/, so if you take that and use a 5% total return for the 2/20-part, they need approx. 100m usd. As I said, I don't know, but it seems to reasonably align with them saying they will soon be cash positive. Russel also says something about it here, from approx 36min. I know it's been shared before, but worth listening to imo. https://open.spotify.com/episode/3VB7g72ibHcUgqVRGkyf8f?si=0e7f09d824934a4b
- 3 t sitten3 t sittenMessy Q4, but the underlying story is compelling. 2026 numbers are cluttered by acquisition-related one-offs from the Liberty Road, Nordark and Enigma deals. The three transactions that defined 2025 as a year of transformation. Look through the noise and the picture is encouraging. Cash stood at USD 3.1m at year-end with a burn rate of ~USD 800k per month, but opex is set to step down meaningfully in 2026 as the one-off acquisition costs fall away. The Q1 data points are what matter most. Hilbert's funds are up 1.5% YTD against a Bitcoin market down 25%, the Multistrat fund alone (c.20% of AUM) is up 30% YTD. That kind of risk-adjusted outperformance is exactly what institutional allocators need to see, and it is translating directly into AUM momentum: AUM up 86% YTD, with a pipeline of USD 300m+ in new allocations spanning 25+ allocators not yet deployed. The receipt of sovereign wealth fund allocations adds a layer of institutional validation that is hard to replicate. Revenue should accelerate as the business scales through 2026, and the setup into year-end is increasingly credible. Conclusion: If the 1bn USD AUM target for year-end 2026 is achievable, and the early evidence supports it. The stock is deeply mispriced at current levels. Stellar risk-adjusted returns, institutional backing, and a compounding AUM flywheel. Under anything resembling normal market conditions, this is an attractive entry point.·1 t sittenSo one can like it or not and think that Hilbert is not a Bitcon company, but there is little doubt that Hilbert will get significant tailwind for its share price the day optimism in Bitcoin and the crypto market turns. When the Bitcoin price again ticks upwards and passes UDS 90,000 - 100,000 again, it will be challenging to chase after Hilbert. The macro picture and the crypto market are now "rotten", but as before, it will turn around again, and then one must be alert.·1 t sitten · MuokattuWhen Hilbert first breaks even. Can go faster than many think, and the way back to 10 sec is very short (in my book). I don't dare to sit on the sidelines, and like Nielen, I don't have the competence or interest for short-term trades. 2026 is Hilbert and syntetika's year!! We can check the status regarding that statement on 31/12/26. (Take a screenshot @Baretaper)
- ·4 t sittenRetail investors need to relax xD·3 t sitten · MuokattuI agree with that assessment. It's probably the reason Q4 was moved in the hope of a good Q1. Now guidance must be clear and good. Investors always focus on future earnings, and if RT/Hilbert manage to convince that they are close to cash positivity, along with an improved macro picture/crypto market and new large customer agreements, there could be strong share price development in the coming months. An insider purchase now would also have backed the case.
- ·5 t sittenReport out now!
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
First North Sweden
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 8 | - | - | ||
| 20 | - | - | ||
| 250 | - | - | ||
| 200 | - | - | ||
| 534 | - | - |
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 188 692 | 188 692 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 188 692 | 188 692 | 0 | 0 |