Significant TPV Growth
Total processing volume (TPV) was $91 billion in Q2 2025, a 29% increase compared to the same quarter of 2024.
Strong Revenue and Profit Growth
Q2 net revenue of $150 million grew 20% year-over-year. Gross profit was $104 million, a 31% increase versus Q2 2024, resulting in a gross margin of 69%.
Record Adjusted EBITDA
Adjusted EBITDA reached $29 million in Q2 2025, translating into a 19% margin, marking an all-time high for the company.
Expansion in Europe
TPV in Europe continues to more than double year-over-year, with strong growth across multiple use cases including new banking and Buy Now, Pay Later (BNPL).
TransactPay Acquisition
Completed the acquisition of TransactPay on July 31, enhancing program management services in Europe and driving significant customer interest.
Increased Full-Year Guidance
Expectations for full-year 2025 revenue growth, gross profit growth, and adjusted EBITDA margin have each been raised by 3-4 points.