Record TPV Growth
Total processing volume (TPV) was $98 billion in Q3, a 33% increase year-over-year, marking the highest TPV growth rate since Q1 2024.
Strong Net Revenue and Gross Profit
Q3 net revenue was $163 million, growing 28% year-over-year. Gross profit was $115 million, a 27% increase year-over-year.
Adjusted EBITDA and Path to Profitability
Adjusted EBITDA reached an all-time high of $30 million for Q3, with a 19% margin, highlighting the company's progress towards profitability.
Expansion and Innovation in Lending Use Cases
Significant growth in lending use cases, including Buy Now, Pay Later, with TPV growth in these areas outpacing overall company growth.
Successful Expansion in Europe
Europe continues to deliver strong results with TPV growth over 100% year-over-year, aided by the acquisition of TransactPay.