Zoomd Technologies Reports Fourth Quarter and Full Year 2025 Financial Results
Conference call will be held on April
28
, 2026 at
2
PM ET rather than
Unless otherwise stated herein, all amounts are presented in
Key 2025 Highlights
-
Delivered 13% year-over-year revenue growth, expanded profitability, and generated
$17.9M in cash from operations -
Ended the year with
$22M in cash and no long-term debt, significantly strengthening the balance sheet -
Added over 20 new clients across iGaming, FinTech, and eCommerce, expanding the Company's footprint in
North America andEurope . Continuing to leverage the Company's proven expertise in navigating market shifts, new clients accounted for one-third of the Company's full-year revenue growth, supporting a more diversified and resilient foundation - Formed a strategic partnership with E2, a global leader in digital marketing and technology solutions for the sports and betting industry
- As outlined in the Company's Q3.25 earnings commentary, two major customers implemented changes to their operating models; one is showing early signs of realignment, while visibility with the other remains limited as the transition continues
Management Commentary
"In 2025 we delivered 13% revenue growth, expanded profitability, and closed the year with
As communicated in our Q3 report, we are managing reduced activity from two large customers. We are seeing early signs of realignment with one of them, though visibility remains limited. Our diversification strategy is delivering measurable results - excluding these two customers, the broader portfolio grew approximately 30% in the fourth quarter, and one-third of our full-year revenue growth came from customers onboarded in recent quarters.
We will continue to scale this diversified growth while maintaining strict financial discipline. In parallel, we are actively evaluating selective M&A opportunities aligned with our strategy, with a growing pipeline of preliminary discussions underway. We will act decisively and selectively where opportunities meet our strategic and financial criteria. "
"
Our main focus is our core business, which remains resilient - and we are continuing to invest behind it with conviction. Complementing this, two priorities define our capital allocation focus heading into 2026. First, we continue to evaluate selective M&A opportunities aligned with our strategy. Second, we are considering commencing a Normal Course Issuer Bid (NCIB) program, with a target timeline following the release of our first quarter 2026 financial results and will provide an update to the market once the details are finalized. We view this as a constructive use of capital given the Company's financial position.
On behalf of the board, I thank our shareholders for their continued confidence. We remain confident in the management team and committed to building long-term value."
Fourth Quarter 2025 Expanded Financial Highlights
-
Revenues in Q4.25 were
$7.5M , a 50% decrease from$15.1M in Q4.24, reflecting the continued impact of operating model changes implemented by two major customers, as discussed in the Company's Q3.25 report, including ongoing adjustments to customer acquisition strategies and KPIs. Activity levels continue to be affected by these changes, with visibility remaining limited for one customer, while the other is showing initial signs of realignment following meaningful progress. - Gross margin in Q4.25 was 33.7% compared to 41% in Q4.24 , driven by changes in customer mix and remains within the Company's representative profitability range.
-
Total operating expenses for Q4.25 were
$2.7M , a 7% decline compared to Q4.24 , reflecting lower activity levels and disciplined cost management. -
Adjusted EBITDA in Q4.25 was
$0.1M compared to$3.2M in Q4.24, reflecting lower revenues and gross margins. -
Net income for Q4.25 was
$0.2M compared to$3.1M in Q4.24. -
Cash flow from operations was
$3.7M in Q4.25 compared to$2.6M in Q4.24, largely driven by improved working capital dynamics, mainly reflecting higher collections from customers, including the collection of receivables from prior periods. -
Earnings per share for Q4.25 was
C$0 .00. -
As of
December 31, 2025 , the Company had a cash balance of$22M .
Full Year 2025 Expanded Financial Highlights
-
Revenues for full year 2025 were
$61.3M , a 13% increase from$54.5M in 2024. This increase was further supported by the contribution of customers onboarded in recent periods, supporting a more diversified foundation for future growth. - Gross margin in 2025 was 42.1% compared to 39.5% in 2024, driven by changes in customer mix.
-
Total operating expenses in 2025 were
$12M , roughly flat compared to 2024. -
Adjusted EBITDA in 2025 was
$14.8M compared to$11.3M in 2024, the 31% increase is primarily attributable to the growth in revenues and an improved gross profit margin. -
Net income increased 66% to
$14.8M year-over-year, demonstrating significant operating leverage and a proven cost structure built for long-term growth. -
Cash flow from operations was
$17.9M in 2025 compared to$7.7M in 2024. The increase is primarily driven by improved operating results. -
Earnings per share for 2025 was
C$0.21 . -
As of
December 31, 2025 , the Company had a cash balance of$22M , and no long-term debt.
CONFERENCE CALL
Interested parties can listen via a live webcast from the link available in the Investors section of
About
Neither
CAUTION REGARDING NON-IFRS FINANCIAL MEASURES
This press release refers to "Adjusted EBITDA" which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company's presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company's estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments, and is a measure of a Company's operating performance. Essentially, it's a way to evaluate a Company's performance without having to factor in financing decisions, accounting decisions or tax environments.
Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in
DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to
Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chairman
Investor relations
New York | Phoenix
ZOMD@lythampartners.com
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