Boku (BOKU) Q4 2025 TU earnings summary

Executive summary

• Achieved strong, diversified growth across global network, with revenue and adjusted EBITDA ahead of market expectations for FY 2025.

• Expanded network connections and onboarded high-profile merchants, increasing reach and user base.

Financial highlights

• Total revenue expected at approximately $128.5m, up 29% year-over-year (27% at constant exchange rates).

• Adjusted EBITDA expected at about $41m, up 31% year-over-year, with a margin of 32%.

• Total group cash increased by 39% to $246m; own cash grew 28% to $103m, including $12.3m spent on share repurchases.

• Total Payment Volume rose 27% to $15.5bn; Monthly Active Users increased 32% to 115m.

Outlook and guidance

• Entering 2026 with confidence, expecting to deliver medium-term organic revenue growth above 20% CAGR and adjusted EBITDA margins above 30% from FY 2026.