Snipp Interactive (SPN) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 marked a strategic pivot and comprehensive brand repositioning toward an AI-powered, purchase-verified marketing platform, with a focus on verified, recurring revenue streams.

• Multi-year contract renewals and expansions with global brands were executed, including the largest contract in company history.

• Approximately $1.3 million in annualized run-rate operating expense reductions were implemented, with further actions planned.

• CAD 4.5 million convertible debenture financing was closed post-year-end, led by strategic and insider investors, supporting growth and AI investment.

Financial highlights

• Fiscal 2025 revenue was $22 million, down 3% year-over-year from $22.7 million; Q4 revenue was $5 million, down from $6.7 million.

• Gross margin held steady at 61% for the year and improved to 65% in Q4.

• EBITDA was -$0.8 million for the year (vs. +$0.7 million in 2024), with Q4 EBITDA at -$0.5 million.

• Operating expenses totaled $24.3 million, broadly flat year-over-year, with improved cost composition.

• Year-end cash was $3.4 million, with accounts receivable of $1.7 million.

Outlook and guidance

• Bookings backlog increased to $18.3 million at year-end, up from $17.7 million, providing forward revenue visibility.

• Management expects a meaningfully improved EBITDA trajectory in 2026 and a path to EBITDA inflection in 2027 as cost actions and recurring revenue compound.

• Additional cost actions are planned for the second half of 2026 as engineering is consolidated into the India hub.

• Continued investment in AI capabilities and platform innovation to drive future value.