The 13% YoY revenue decline and swing to a net loss are the headline numbers that will dominate market reaction, despite the company's narrative about cash-rewards accounting. Monitor the Q3 2026 earnings for evidence that the strategic pivot is translating back into reported revenue growth and whether the cash burn rate decelerates further. The upcoming product launches (Home Loans, AI search) are potential catalysts but remain unproven.
Price Chart
Executive Summary
MoneyHero reported Q2 2026 revenue of $15.8M, down 13% YoY, and a net loss of $1.2M vs a $0.2M profit a year ago, driven by FX volatility and a strategic shift to cash rewards that reduces reported revenue under IFRS. Adjusted EBITDA loss narrowed 17% YoY to $1.6M, and the company maintains a debt-free balance sheet with $28.2M cash. While the cash-rewards strategy improved unit economics (approval rate +9pp to 48%), the headline revenue decline and swing to a net loss are the dominant quantitative signals, making this a bearish report for the common stock despite operational progress on cost discipline and higher-margin product mix.
Key Facts
- Q2 2026 revenue was $15.8M, down 13% YoY from $18.0M.
- Net loss of $1.2M in Q2 2026 vs net profit of $0.2M in Q2 2025.
- Adjusted EBITDA loss narrowed 17% YoY to $1.6M.
- Cash and cash equivalents of $28.2M with no debt as of June 30, 2026.
- Approval rate improved 9pp YoY to 48%; Monthly Unique Users fell 30% YoY to 3.7M.
Financial Impact
Q2 revenue declined $2.3M YoY (13%); net income swung from +$0.2M to -$1.2M; cash burn of ~$3M from Dec 2025 to June 2026.
Risk Factors
- Reported revenue decline may persist as cash rewards continue to be deducted from revenue under IFRS.
- FX volatility remains a material earnings risk, as shown by the $3.0M swing in FX gains/losses.
- Monthly Unique Users fell 30% YoY, indicating potential loss of market reach despite higher conversion quality.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-098948 |
| Document: ea0305188-6k_money.htm | 0001213900-26-098948 |
| Document: 0001213900-26-098948-index-headers.html | 0001213900-26-098948 |
| Document: 0001213900-26-098948-index.html | 0001213900-26-098948 |
| Document: 0001213900-26-098948.txt | 0001213900-26-098948 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $0.6700 | awaiting T+20 | — | $0.5590 (−16.57%) |
Sep 28, 2026 28d ago | Press Release | $0.7226 | awaiting T+20 | — | $0.5590 (−22.64%) |
Sep 11, 2026 6w ago | 6-K | $0.7600 $0.6600 | ▲ +13.16% | ▲ +15.03% | $0.5590 (+26.45%) |
Sep 11, 2026 6w ago | Press Release | $0.7600 $0.6600 | ▲ +13.16% | ▲ +15.03% | $0.5590 (+26.45%) |
Aug 28, 2026 8w ago | 6-K | $0.8899 $0.6750 | ▼ −24.15% | ▼ −24.41% | $0.5590 (−37.18%) |
Jun 24, 2026 17w ago | 6-K | $0.9648 $0.9700 | ▲ +0.54% | ▼ −1.39% | $0.5590 (−42.06%) |
Jun 24, 2026 17w ago | Press Release | $0.9648 $0.9700 | ▲ +0.54% | ▼ −1.39% | $0.5590 (−42.06%) |
Jun 18, 2026 18w ago | EFFECT | $1.18 $0.9504 | ▼ −19.44% | ▼ −19.97% | $0.5590 (−52.62%) |
Jun 10, 2026 19w ago | Press Release | $1.30 $0.9349 | ▼ −28.08% | ▼ −31.71% | $0.5590 (−57.00%) |
Apr 30, 2026 25w ago | Press Release | $1.33 $1.34 | ▲ +0.38% | ▼ −4.85% | $0.5590 (−57.97%) |
US Market Status
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