Revenue growth remains highly volatile, fluctuating from a 35.4% contraction in 2025Q1 to a 27.0% expansion in 2025Q4, while gross margins have swung between 22.0% and 55.5% over the same period.
| Sales/Revenue | 73.43M | 79.51M | 80.67M | 68.13M | 61.88M | 0 |
| Revenue Growth % | -7.65% | -1.44% | 18.4% | 10.1% | - | - |
| Cost of Goods Sold | 37.28M | 50.22M | 43.93M | 33.88M | 29.88M | 0 |
| COGS % of Revenue | 50.78% | 63.16% | 54.46% | 49.73% | 48.29% | - |
| Gross Profit | 36.14M | 29.29M | 36.74M | -38.87K | 32M | 0 |
| Gross Margin % | 49.22% | 36.84% | 45.54% | -0.06% | 51.71% | - |
| Gross Profit Growth % | 23.4% | -20.29% | 94620.59% | -100.12% | - | - |
| Operating Expenses | 46.95M | 64.7M | 66.77M | 40.93M | 61.23M | 238.2K |
| OpEx % of Revenue | 63.94% | 81.37% | 82.77% | 60.08% | 98.95% | - |
| Selling, General & Admin | 43.94M | 61.31M | 124.93M | 64.62M | 53.18M | 238.2K |
| SG&A % of Revenue | 59.85% | 77.11% | 154.86% | 94.84% | 85.94% | - |
| Research & Development | 0 | 7.43M | 0 | 6.55M | 5.06M | 0 |
| R&D % of Revenue | - | 9.34% | - | 9.62% | 8.18% | - |
| Other Operating Expenses | 3.01M | -4.04M | -58.16M | -30.24M | 2.99M | 0 |
| Operating Income | -10.81M | -40.19M | -30.03M | -40.97M | -29.23M | -238.2K |
| Operating Margin % | -14.72% | -50.55% | -37.22% | -60.14% | -47.23% | - |
| Operating Income Growth % | 73.11% | -33.85% | 26.72% | -40.18% | -12171.03% | - |
| EBITDA | -9.8M | -36.15M | -22.86M | -36.18M | -25.33M | -31.9K |
| EBITDA Margin % | -13.34% | -45.46% | -28.34% | -53.11% | -40.93% | - |
| EBITDA Growth % | 72.9% | -58.12% | 36.82% | -42.86% | -79294.54% | - |
| D&A (Non-Cash Add-back) | 1.01M | 4.04M | 7.16M | 4.79M | 3.9M | 206.3K |
| EBIT | -5.08M | -37.65M | -153.51M | -41.9M | -29.27M | -90.42M |
| Net Interest Income | 528.14K | 1.45M | -18.16M | -7.77M | -1.69M | 126.56K |
| Interest Income | 581.77K | 1.48M | 872.5K | 28.04K | 14.73K | 126.56K |
| Interest Expense | 53.63K | 25.47K | 19.03M | 7.8M | 1.7M | 0 |
| Other Income/Expense | 5.67M | 2.51M | -142.51M | -8.72M | -1.74M | -90.19M |
| Pretax Income | -5.14M | -37.68M | -172.54M | -49.69M | -30.97M | -90.42M |
| Pretax Margin % | -7% | -47.39% | -213.88% | -72.94% | -50.05% | - |
| Income Tax | 40.41K | 109K | 62.98K | -251.78K | -38.17K | 0 |
| Effective Tax Rate % | -0.79% | -0.29% | -0.04% | 0.51% | 0.12% | 0% |
| Net Income | -5.18M | -37.79M | -172.6M | -49.44M | -30.93M | -90.42M |
| Net Margin % | -7.05% | -47.52% | -213.96% | -72.57% | -49.99% | - |
| Net Income Growth % | 86.29% | 78.11% | -249.1% | -59.84% | 65.79% | - |
| Net Income (Continuing) | -5.18M | -37.79M | -172.6M | -49.44M | -30.93M | -90.42M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.12 | -0.90 | -5.13 | -1.33 | -0.42 | -1.22 |
| EPS Growth % | 86.67% | 82.46% | -285.71% | -216.67% | 65.57% | - |
| EPS (Basic) | -0.12 | -0.90 | -5.13 | -1.33 | -0.42 | -1.22 |
| Diluted Shares Outstanding | 42.81M | 41.91M | 33.68M | 37.23M | 74.37M | 74.37M |
| Basic Shares Outstanding | 42.81M | 41.91M | 33.68M | 37.23M | 74.37M | 74.37M |
| Dividend Payout Ratio | - | - | - | - | - | - |
High customer acquisition costs
According to the company's quarterly income statements, MNY's revenue trajectory has exhibited significant inconsistency, fluctuating between a 35.4% contraction in 2025Q1 and a 27.0% expansion by 2025Q4, highlighting the inherent sensitivity of its lead-generation model to regional banking marketing budgets and seasonal consumer credit demand.
The erratic revenue performance suggests that MNY struggles to maintain a predictable pipeline of financial product approvals. Investors should monitor whether the recent growth in 2025Q4 represents a sustainable recovery or merely a temporary rebound in bank partner spending.
As reported in financial filings, MNY's gross margin has fluctuated wildly from a low of 22.0% in 2025Q3 to a peak of 55.5% in 2025Q1, indicating that the company lacks the pricing power or cost stability seen in more mature financial aggregator peers.
This margin instability appears to be driven by the high variable costs associated with digital advertising and lead fulfillment. The inability to maintain consistent gross margins suggests that the company is frequently forced to overspend on customer acquisition to meet volume targets.
Based on the provided income statement data, MNY has failed to demonstrate consistent operating leverage, as SG&A expenses frequently exceed gross profit, resulting in persistent operating losses that suggest the business model has not yet achieved the necessary scale to cover its fixed overhead.
The company's inability to scale operating income faster than gross profit indicates that administrative and technology costs remain disproportionately high relative to revenue. This lack of efficiency warrants further investigation into whether the current cost structure is fundamentally misaligned with the company's revenue generation capacity.
Analysis of the reported figures reveals that MNY's net income is frequently impacted by non-operating items and significant stock-based compensation, which reached $73.2 million in 2023Q4, complicating the assessment of the company's true underlying profitability and operational performance for equity holders.
The wide swings between net losses and occasional positive net income suggest that reported earnings are not a reliable indicator of core business health. Investors should be cautious of relying on GAAP net income, as it appears heavily influenced by one-time charges and accounting adjustments.
Data from recent periods suggests that MNY's reliance on high-cost digital advertising to drive traffic may be unsustainable, as evidenced by the company's struggle to maintain positive operating margins despite significant investments in its platform and regional brand presence across Southeast Asia.
Short-sellers would likely focus on the company's limited cash runway and the risk of platform disintermediation by major banks. If MNY cannot transition to organic, lower-cost traffic sources, the current business model may face long-term margin compression and liquidity constraints.
Quick answers to the most common questions about buying MNY stock.
For fiscal year 2025, MoneyHero Limited Class A Ordinary Shares (MNY) reported total revenue of $73.4M.
MoneyHero Limited Class A Ordinary Shares (MNY) reported a net loss of $5.2M for the fiscal year ending 2025.
MoneyHero Limited Class A Ordinary Shares (MNY) reported an operating income of $-10.8M, resulting in an operating profit margin of -14.7%. This margin reflects the operational efficiency of the business before interest and taxes.
MoneyHero Limited Class A Ordinary Shares (MNY) generated $36.1M in gross profit for the year, representing a gross profit margin of 49.2%. This demonstrates the company's core pricing power and production efficiency.