Tether released third-quarter figures on October 30, 2026, reporting $1.5 billion in net operating profit and $4.5 billion for the first nine months of the year. It reported $191.45 billion in reserve assets and $183.50 billion in liabilities as of September 30, leaving $7.95 billion in excess reserves, up from $4.1 billion at the end of the second quarter.
Accounting firm BDO said the September 30 figures were fairly presented under Tether’s stated accounting policies. Its attestation was a point-in-time assessment, not a comprehensive audit of quarterly performance. The report also warned that asset valuations assume normal market conditions and may not reflect what the assets could fetch during extraordinary disruptions or severe counterparty illiquidity.
