Freelancer (FLN) H1 2025 earnings summary

Executive summary

• Achieved record half-year net profit after tax of $1.9 million in 1H25, reversing a $1.0 million loss in 1H24, with robust cash flow and strong operating leverage across all business lines.

• Revenue grew between 8% and 18% year-over-year to as high as $28.0 million, with gross marketplace value (GMV) at $439.0 million.

• Gross margin expanded to 85.3% due to higher take rates and cost control.

• Operating cash flow more than tripled to $6.8 million, and cash balance increased to $26.0 million, up 12.3% from December 2024.

• Over two million new users onboarded, up 17.5%, with record marketplace liquidity and strong momentum across all platforms.

Financial highlights

• Net profit after tax was $1.9 million, compared to a $1.0 million loss in 1H24.

• Gross margin improved to 85.3% (from 79.9%), reflecting higher take rates and cost discipline.

• Operating cash flow reached $6.8 million, up over 200% year-over-year.

• Cash and equivalents stood at $26.0 million as of June 30, 2025, up 12.3% from December 2024.

• Basic and diluted EPS: 0.43 cents, up from (0.22) cents in 1H24.

Outlook and guidance

• Focus on achieving double-digit revenue growth, consistent monthly operating profit above $500,000, and further gains in profit and cash flow for FY25.

• Continued investment in AI-driven features, product quality, and expansion of high-value verticals in Escrow and Loadshift.

• Plans to further reduce costs in hosting and payments infrastructure, and improve customer acquisition and retention.

• Projected continued profitability and positive cash flow in 2H25, supported by a structurally lower cost base and significant cash balances.