Jumia Technologies (JMIA) Q2 2026 earnings summary

Executive summary

• Achieved 23% year-over-year GMV growth to $216.3M (adjusted for perimeter effects), with strong performance in fashion, beauty, and home categories offsetting declines in electronics and phones.

• Revenue grew 14% year-over-year to $52.0 million, driven by higher usage and improved monetization, while gross profit expanded 28% to $30.7 million.

• Adjusted EBITDA loss narrowed by 36% year-over-year to $8.7 million, reflecting improved operating leverage and cost discipline, with a clear path to Q4 2026 breakeven and FY 2027 profitability.

• Orders grew 28% and quarterly active customers increased 24–23% year-over-year, reflecting robust demand and effective customer acquisition.

• Announced a $50 million capital raise anchored by a $25 million IFC investment, strengthening the balance sheet and supporting future growth.

Financial highlights

• Gross profit margin increased to 14.2% of GMV, up 92 basis points year-over-year.

• Marketplace revenue rose 34% year-over-year to $28.8 million; third-party sales up 26%, and marketing/advertising revenue up 88%.

• Fulfillment cost per order decreased 7% year-over-year to $2.04, despite temporary fuel surcharges and one-time termination costs.

• Net cash used in operating activities improved to $11.8 million from $12.7 million year-over-year.

• Liquidity position at quarter-end was $48.3 million, with $47.4 million in cash and equivalents.

Outlook and guidance

• Updated 2026 GMV growth target to 20–30% year-over-year, reflecting ongoing supply chain and demand headwinds in higher-value categories.

• Adjusted EBITDA guidance for 2026 remains at -$25 million to -$30 million, with Q4 2026 break-even and full-year 2027 profitability targets reaffirmed.

• Focus remains on scaling usage, operational efficiency, and reducing cash burn despite macroeconomic headwinds.