RedCloud (RCT) H1 2025 earnings summary

Executive summary

• Achieved 28% year-over-year growth in total transaction value and 12% revenue growth in H1 2025, driven by increased transaction activity, especially in Nigeria.

• Transitioned to a capital-light, JV-driven expansion model, signing a 10-year, $50 million licensing deal in Turkey and launching in Saudi Arabia.

• Strengthened leadership with new CFO and CSO appointments and joined NVIDIA Connect to accelerate AI-native infrastructure.

Financial highlights

• H1 2025 revenue reached $17.9 million, up from $16.1 million in H1 2024, a 12% increase year-over-year.

• Total transaction value for H1 2025 was $1.2 billion, up 28% year-over-year.

• Total expenses increased to $38 million from $32.6 million year-over-year, mainly due to higher salaries and product development.

• Connected businesses increased 110% to 68,091; distributors up 136% to 1,018.

• Total liabilities reduced to $21.4 million from $86.3 million.

Outlook and guidance

• Full-year 2025 revenue guidance is $51–$53 million.

• Targeting $100 million in revenue for 2026, with $60 million from existing markets and $40 million from new JVs and licensing.

• Nigeria and South Africa expected to continue strong performance; Argentina expected to rebound in 2026.

• Break-even at EBITDA level targeted for Q2 2026.