Jumia Technologies (JMIA) Q1 2026 earnings summary

Executive summary

• Revenue grew 39% year-over-year to $50.6 million, with GMV up 32% to $211.2 million, reflecting strong demand, execution, and broad-based growth across core African markets.

• Adjusted EBITDA loss narrowed to $10.7 million from $15.7 million in Q1 2025, or $9.7 million excluding Algeria exit costs, showing progress toward profitability.

• Gross profit rose 48% year-over-year to $29.4 million, with gross profit margin expanding by 160 bps to 13.9% of GMV, driven by improved marketplace monetization and operational leverage.

• Orders and active customers increased 31% and 25% year-over-year, respectively, with Nigeria delivering standout GMV growth of 42%.

• The company remains focused on achieving adjusted EBITDA breakeven and positive cash flow in Q4 2026, with full-year profitability targeted for 2027.

Financial highlights

• Revenue reached $50.6 million, up 39% year-over-year; marketplace revenue was $27 million, up 50%, and third-party sales grew 45%.

• Gross profit was $29.4 million, up 48% year-over-year; gross margin as % of GMV increased to 13.9%.

• Adjusted EBITDA loss improved to $10.7 million from $15.7 million; loss before income tax was $17.8 million, mainly due to non-cash FX losses.

• Liquidity at quarter-end was $62.6 million, with cash and equivalents at $61.5 million; cash burn reduced to $15.3 million.

• Net cash used in operating activities improved to $12.5 million, with working capital broadly neutral.

Outlook and guidance

• Full-year 2026 GMV expected to grow 27%-32% year-over-year, adjusted for perimeter effects.

• Adjusted EBITDA for 2026 projected between -$25 million and -$30 million.

• Targeting adjusted EBITDA breakeven and positive cash flow in Q4 2026, with full-year profitability and positive cash flow in 2027.

• Q2 2026 GMV growth also guided at 27%-32% year-over-year.