AmeriTrust Financial Technologies (AMT) Q2 2025 earnings summary

Executive summary

• Report covers the three and six months ended June 30, 2025, with results expressed in Canadian dollars.

• The company develops and markets cloud-based platforms for vehicle financing and leasing, targeting the automotive finance sector and expanding across the U.S.

• Operations are segmented between Canadian and US activities, with the US segment generating the majority of revenue.

• Reported Q2 2025 financial results, with revenue of $407,347, down from $438,812 in Q1 2025 and $542,166 in Q2 2024.

• Cash on hand at June 30, 2025, was $6,076,370, compared to $10,231,191 at December 31, 2024.

Financial highlights

• Revenue for six months ended June 30, 2025, was $846,159, down from $1,169,498 year-over-year.

• Net loss for the six months was $4,210,770, compared to $853,881 in the prior year period.

• Q2 2025 gross profit was $143,799, compared to $230,943 in Q2 2024 and $157,976 in Q1 2025.

• Cash and cash equivalents at June 30, 2025, were $6,076,370, down from $10,231,191 at December 31, 2024.

• Share-based compensation expense increased to $2,002,954 for the six months, up from $467,342 year-over-year.

Outlook and guidance

• Management expects the need for future financing to support working capital and ongoing operations.

• In July 2025, the company received three non-binding term sheets from U.S. financial institutions to fund new and used vehicle lease and loan originations.

• Management expresses intent to grow the business and pursue additional funding partnerships.

• Forward-looking statements caution that actual results may differ materially due to risks and uncertainties.