Reklaim (MYID) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue rose 18% year-over-year to $1.30M, following 73% YoY growth in Q1, driven by demand for compliant consumer data and strong identity revenue growth.

• Gross margin was 77% (down from 81% YoY) as investments in infrastructure and new products, including Reklaim Protect, increased costs.

• Net loss for Q2 2025 was $223,563, compared to $114,859 in Q2 2024; EBITDA improved to -$140,634 from -$332,776 YoY.

• Cash position at quarter-end was $418,849, up 19.6% from Q1, aided by warrant exercises and full repayment of debentures.

• Regulatory tailwinds continued as eight more U.S. states enacted privacy laws in 2025, reinforcing the company’s market positioning.

Financial highlights

• Q2 2025 revenue: $1,298,703 (up 18% YoY); gross margin: 77% (vs. 81% YoY).

• Q2 2025 net loss: $223,563; comprehensive loss: $188,715; EBITDA: -$140,634 (improved from -$332,776 YoY).

• Cash at June 30, 2025: $418,849, a 19.6% increase from Q1.

• Debenture balance reduced to $0 from $813,697 in Q1.

• Operating cash flow for Q2: -$43K; financing cash flow: -$136K.

Outlook and guidance

• Management expects to maintain double-digit revenue growth and profitability in 2025, with no restrictions on growth trajectory.

• Focus remains on expanding B2B distribution, growing the Protect user base, and maintaining margins.

• Regulatory changes are expected to continue driving demand for compliant data solutions.