London · Delayed Price · Currency is GBP · Price in GBX Bango Earnings Call Transcripts
Fiscal Year 2026
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Fiscal 2025 saw a shift to positive cash EBITDA, driven by high-margin subscription growth, cost reductions, and improved revenue quality. The DVM platform expanded its market leadership, with zero churn and strong ARR growth, while segmental reporting clarified the business model.
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Revenue grew 5% to $25.2M with strong recurring revenue and gross margin expansion, while adjusted EBITDA rose 66% year-over-year. DVM business drove growth with seven new customers and expanding global reach, and the company expects full-year profitability in FY 2026.
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Double-digit revenue growth and a 139% increase in Adjusted EBITDA marked a transformational year, driven by strong DVM momentum and disciplined cost control. Integration of DOCOMO Digital is nearly complete, with new financing facilities strengthening the balance sheet and positioning for profitability from 2026.
Fiscal Year 2024
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Revenue grew 19% year-over-year, driven by strong DVM expansion and steady transactional business. DVM annual recurring revenue rose 130%, with EBITDA up $4.2 million and costs declining. The company expects continued growth, further cost savings, and aims to be net cash positive in 2025.