MoneyHero (MNY) Q4 2025 earnings summary

Executive summary

• Achieved first-ever adjusted EBITDA gain of $0.7 million and net profit of $0.5 million in Q4 2025, reversing a $18.8M loss year-over-year and marking a turnaround from prior losses.

• Completed a two-year strategic repositioning, shifting focus to high-margin verticals and AI-driven efficiency.

• Leadership transition underway, with a search for a permanent CEO as the company enters a scaling phase.

• Revenue mix shifted toward higher-margin Insurance and Wealth products, driving margin expansion.

• Full-year net loss narrowed 86% to $5.2 million, with adjusted EBITDA loss improving 73% to $6.4 million.

Financial highlights

• Q4 2025 revenue grew 27% year-over-year to $20 million; full-year revenue was $73.4 million, down 8% due to deliberate mix shift.

• Q4 2025 adjusted EBITDA was $0.7 million, up from a $2.9 million loss year-over-year; full-year adjusted EBITDA loss improved to $6.4 million from $23.7 million.

• Cost of revenue for 2025 fell 19% year-over-year to $37.3 million, now 51% of revenue, a 7-point improvement.

• Operating costs and expenses (excluding FX) dropped 15% year-over-year in Q4 and 27% for the year.

• Ended 2025 debt-free with $31.2 million in cash and $37.5 million in net current assets.

Outlook and guidance

• Expects full-year 2026 adjusted EBITDA to exceed 2025 levels, driven by high-margin verticals and AI leverage.

• Focus remains on scaling profitable growth and deepening AI integration into revenue generation.

• Continued investment in AI, product innovation, and higher-margin products planned.