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Grayscale Faces 20% Revenue Drop Ahead of IPO

11/14/2025

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Summary

Story summary

Grayscale, the Stamford, Connecticut-based company, reported a 20% revenue drop for first nine months of 2025 in its IPO paperwork.
The company posted net income of $203.3 million on revenue of $318.7 million, down from $223.7 million on $397.9 million prior year.
Analysts expect the IPO market to revive after America's longest government shutdown ends.
Grayscale plans to list on the New York Stock Exchange (NYSE) under the symbol 'GRAY'.

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Story summary

Grayscale, the Stamford, Connecticut-based company, reported a 20% revenue drop for first nine months of 2025 in its IPO paperwork.
The company posted net income of $203.3 million on revenue of $318.7 million, down from $223.7 million on $397.9 million prior year.
Analysts expect the IPO market to revive after America's longest government shutdown ends.
Grayscale plans to list on the New York Stock Exchange (NYSE) under the symbol 'GRAY'.