Firy Inc. Earnings Call Transcripts
Fiscal Year 2026
-
Q2 2026 saw 23% year-over-year revenue growth, a major $730M litigation win, and strong RZR segment performance with 75% growth and four straight profitable quarters. RZR is diversifying beyond gaming, while Skillz expects sequential growth in Q4.
-
Q1 2026 revenue grew 33% year-over-year to $29M, with improved net loss and ARPU despite lower paying users. Major legal victory against Papaya could yield up to $1.2B, while strategic acquisitions and a shift to owned content strengthen the platform.
Fiscal Year 2025
-
Q4 2025 revenue grew 67% year-over-year to $30M, with adjusted EBITDA loss improving to $10M. RZR segment delivered 146% revenue growth and positive adjusted EBITDA, while a major developer exit impacted user metrics but was offset by higher GMV per payer.
-
Q3 2025 revenue grew 11% year over year to $27 million, with paying MAU up 28% and Aarki ad tech revenue more than doubling. Operational efficiency improved, net loss narrowed, and the company remains focused on profitability amid ongoing litigation and NYSE compliance efforts.
-
Q2 2025 revenue grew to $27 million, with paying MAU up 18% sequentially and adjusted EBITDA loss improving to $10 million. Platform enhancements, a revamped loyalty program, and Aarki's ad tech innovations drove growth, while litigation and NYSE compliance remain key risks.
-
Q1 2025 revenue rose 21% sequentially to $22M, with net loss narrowing to $15M and adjusted EBITDA loss improving sharply. Paying users and conversion rates increased, while the company advanced litigation on fair play and launched a $75M Accelerator Program.
Fiscal Year 2024
-
Q4 revenue declined 35% year over year to $20 million, but net loss improved to $26 million from $60 million. The company launched a $75 million Developer Accelerator and continues to pursue litigation against competitors for bot fraud, while maintaining a strong cash position.
-
Revenue declined 33% year-over-year to $25M, with net loss and adjusted EBITDA loss both improving. Paying MAU remained stable, and the company maintains a strong cash position while focusing on platform investment, legal actions for fair play, and a path to profitability in 2025.
-
Q2 2024 revenue fell 37% year-over-year to $25M, but paying users grew sequentially for the first time in 10 quarters. Net income turned positive due to an $80M settlement, and adjusted EBITDA loss improved. Ongoing legal and regulatory actions against bot fraud are expected to benefit future performance.