Moneyhero Warrants Stock Earnings Reports

MoneyHero reported Q1 2026 revenue of $16.5M, up 15% YoY, driven primarily by Hong Kong and Singapore which together accounted for >85% of group revenue. Higher-margin verticals (wealth and insurance) grew 31% YoY and now represent >28% of revenue, while credit cards remain the largest volume driver. Management intentionally de-emphasized low-margin volume in Taiwan and the Philippines to prioritize margin quality, resulting in revenue declines in those markets but improved unit economics. AI is central to the operating model: the company says AI now produces the bulk of new code and automates front-line service, enabling faster product delivery and lower tech and employee costs. As a result, combined technology, employee benefits, and marketing costs fell 13% YoY. Adjusted EBITDA loss narrowed 68% YoY to $1.1M, putting the company close to breakeven, though statutory net loss widened to $6.7M due mainly to non-cash items (warrant fair-value adjustment, $2.4M unrealized FX loss) and some one-time legal/professional fees. Balance sheet strength: debt-free with $28M cash and $32.8M net current assets. The board continues an active CEO search; capital allocation priority is organic investment in AI and scaling wealth/insurance, with disciplined openness to M&A only if it meets return criteria.