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Standardisert kvartalsrapportering av en protokolls regnskap er det aller minste en interessent bør motta.
Vi gjør vår del.

27. jan. 2026
Spark’s Q4 2025 financial report is out!
Below please find the full breakdown of the protocol’s performance, with detailed analysis of revenues, costs, and treasury growth.
Key highlights:
- Gross protocol returns: $45.4M (aggregate returns across all protocol components)
- Net protocol returns: $9.87M (gross returns less cost of capital)
- Net protocol surplus: $6.57M (gross returns less operating expenses)
- Spark Protocol treasury (end of quarter): $43.22M
- $4M strategic investment in Arkis
Let’s dive in 🧵

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