Payward Reports Q1 Revenue of $507M, Up 3% YoY; Futures Trading Surges 51%

According to BlockBeats, on May 18, Payward, the parent company of Kraken, reported adjusted Q1 2026 revenue of $507 million, up 3% year-over-year. The futures business showed stronger growth, with daily average revenue trades (DARTs) climbing 51% driven by NinjaTrader, Breakout, and derivatives expansion.

Adjusted EBITDA declined to $18 million as the company prioritized mergers, product development, and regulatory infrastructure over short-term profitability. Kraken's spot market share increased from 3.5% in mid-2025 to 5.2% by March 2026, while funded accounts rose 47% to 6.1 million and platform assets grew to $40 billion.