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RateGain Travel Technologies (RATEGAIN) investor relations material
RateGain Travel Technologies Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY 2026 was transformative, marked by the Sojern acquisition, creating a leading AI-driven travel tech platform serving over 13,000 brands globally and driving 94% year-on-year revenue growth and robust free cash flow.
Integration of Sojern delivered $12 million in annualized cost savings within 100 days, with full impact expected from Q1 FY 2027.
Focused on scalable growth, unified go-to-market structure, and sustainable profitability supported by a strong balance sheet.
Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and auditors.
Results include the impact of the acquisition of Sojern Inc. and its subsidiaries, completed on November 6, 2025.
Financial highlights
Q3 FY2026 operating revenue grew 94% year-on-year to INR 5,400.3 million, including two months of Sojern revenue; 9MFY2026 revenue up 35.8% to INR 11,080.0 million.
Q3 EBITDA increased 41.7% YoY to INR 871.2 million (16.1% margin); 9MFY2026 EBITDA up 11.1% to INR 1,904.2 million (17.2% margin).
Q3 PAT declined 53.2% YoY to INR 264.5 million due to one-time acquisition expenses; adjusted PAT (excluding one-time costs) was INR 611 million, up 8% YoY.
Cash flow from operations for nine months was INR 1,500 million; Q3 alone generated INR 700 million.
Net worth stood at INR 18,600 million, with cash and equivalents at INR 3,617.1 million and net debt at INR 8,800 million as of December 31.
Outlook and guidance
Confident of beating FY 2026 organic revenue and EBITDA guidance; Q4 expected to deliver double-digit organic growth.
Full-year organic EBITDA margin expected between 17.5%-18%; Sojern's EBITDA margin expected to reach 18.5%-19.5% post-synergies.
Long-term sustainable consolidated EBITDA margin targeted at 18%-18.5%, with reinvestment of excess margins for growth.
FY 2027 guidance to be issued in May, but double-digit organic growth is anticipated.
Integration of Sojern progressing well, with cost synergies and organizational alignment underway.
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