The revenue growth and narrowing EBITDA loss are positive, but the widening net loss, declining user traffic, and non-cash charges create uncertainty. Monitor the upcoming earnings call for guidance on whether the user decline is a temporary optimization trade-off or a structural headwind. The $28M cash runway supports organic initiatives but limits M&A capacity.
Price Chart
Executive Summary
MoneyHero reported Q1 2026 revenue of $16.5M (+15% YoY) with strong growth in Hong Kong (+33%) and the Wealth vertical (+53%). Adjusted EBITDA loss narrowed 68% to -$1.1M, driven by structural cost discipline. However, net loss widened to -$6.7M from -$2.4M due to non-cash warrant liability changes and FX losses, while total traffic and monthly unique users declined significantly YoY.
Key Facts
- Revenue increased 15% YoY to $16.5M (Q1 2026 vs Q1 2025: $14.3M)
- Adjusted EBITDA loss narrowed 68% YoY to -$1.1M (from -$3.3M)
- Net loss widened to -$6.7M from -$2.4M, including $1.1M non-cash warrant liability change and $2.4M unrealized FX losses
- Hong Kong revenue grew 33% YoY to $8.5M; Singapore revenue grew 11% to $5.6M
- Wealth vertical revenue grew 53% YoY to $2.5M; Insurance revenue grew 12% to $2.1M
- Combined technology, employee, and marketing costs decreased 13% YoY to $8.5M
- Monthly Unique Users declined from 5.7M to 3.9M YoY; total traffic fell from 17.5M to 12.4M
- Cash and cash equivalents: $28.0M as of March 31, 2026; net current assets: $32.8M
- Approval rate improved from 36% to 48% YoY; approved applications roughly flat at 156K
Financial Impact
Revenue growth of $2.2M YoY (+15%) with Adjusted EBITDA improvement of $2.2M; net loss worsened by $4.3M due to non-cash items
Risk Factors
- Monthly Unique Users declined 32% YoY (5.7M to 3.9M), signaling potential loss of top-of-funnel engagement
- Net loss widened to -$6.7M from -$2.4M, driven by non-cash warrant liabilities and FX volatility
- Philippines and Taiwan revenue declined 17% and 12% YoY respectively, indicating ongoing market challenges
- Warrant liabilities increased to $2.2M from $1.1M at year-end 2025, adding balance sheet volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-071274 |
| Document: ea0295631-6k_money.htm | 0001213900-26-071274 |
| Document: 0001213900-26-071274-index-headers.html | 0001213900-26-071274 |
| Document: 0001213900-26-071274-index.html | 0001213900-26-071274 |
| Document: 0001213900-26-071274.txt | 0001213900-26-071274 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 16d ago | 6-K | $0.6700 | awaiting T+20 | — | $0.5550 (−17.16%) |
Sep 28, 2026 27d ago | Press Release | $0.7226 | awaiting T+20 | — | $0.5550 (−23.19%) |
Sep 11, 2026 6w ago | 6-K | $0.7600 $0.6600 | ▲ +13.16% | ▲ +15.03% | $0.5550 (+26.97%) |
Sep 11, 2026 6w ago | Press Release | $0.7600 $0.6600 | ▲ +13.16% | ▲ +15.03% | $0.5550 (+26.97%) |
Aug 28, 2026 8w ago | 6-K | $0.8899 $0.6750 | ▼ −24.15% | ▼ −24.41% | $0.5550 (−37.63%) |
Jun 24, 2026 17w ago | 6-K | $0.9648 $0.9700 | ▲ +0.54% | ▼ −1.39% | $0.5550 (−42.48%) |
Jun 24, 2026 17w ago | Press Release | $0.9648 $0.9700 | ▲ +0.54% | ▼ −1.39% | $0.5550 (−42.48%) |
Jun 18, 2026 18w ago | EFFECT | $1.18 $0.9504 | ▼ −19.44% | ▼ −19.97% | $0.5550 (−52.95%) |
Jun 10, 2026 19w ago | Press Release | $1.30 $0.9349 | ▼ −28.08% | ▼ −31.71% | $0.5550 (−57.31%) |
Apr 30, 2026 25w ago | Press Release | $1.33 $1.34 | ▲ +0.38% | ▼ −4.85% | $0.5550 (−58.27%) |
US Market Status
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