Credit Clear (CCR) Q1 2025 earnings summary

Executive summary

• Achieved record October revenue of $4.29m, up 23% compared to the same month last year.

• Year-to-date (YTD) revenue reached $16.3m, a 20% increase year-over-year, with an annualised run rate of $48.8m.

• Gross profit margin improved to 56% YTD in FY25 from 53% in FY24.

• Onboarding or developing revenue from eight potential tier-1 clients, representing $8m–$10m in future revenue.

• Record digital collections in October at $11.9m, up 23% year-over-year, and record $19.6m in new payment plans, up 49%.

Financial highlights

• October revenue of $4.29m, up 23% year-over-year; YTD revenue of $16.3m, up 20%.

• Gross profit margin expanded to 56% YTD in FY25 from 53% in FY24.

• Annualised revenue run rate of $48.8m based on YTD performance.

• Record digital collections and payment plans established in October.

Outlook and guidance

• FY25 guidance reaffirmed: $48m–$50m in revenue and over $7m in underlying EBITDA.

• High confidence in a materially stronger 2H25, with ~10% uplift expected.

• Guidance to be reviewed after seasonally affected December and January.