Core Insights - Clip Money Inc. reported a significant revenue growth of 175% year-over-year for Q3 2025, reaching $1,435,501 compared to $521,316 in Q3 2024, while costs of revenue increased by only 55% during the same period, indicating strong operating leverage [1][5][6] Financial Performance - Q3 2025 core revenue (excluding non-recurring revenue) increased by 26% quarter-over-quarter compared to Q2 2025, driven by new sales growth and existing customer penetration [5] - Cost of revenue for Q3 2025 was $1,301,817, reflecting a 55% year-over-year increase, significantly lower than the revenue growth rate [5] - Operating expenses for Q3 2025 were $1,987,589, a 24% increase year-over-year, with a 16% increase quarter-over-quarter, primarily due to higher operating expense accruals [5] - Comprehensive loss for Q3 2025 was $2,764,599, a 19% increase year-over-year, largely attributed to a non-cash change in the fair value of derivative liabilities [5] Network and Customer Growth - Clip Money expanded its U.S. business deposit network, becoming the largest non-bank network for business cash deposits in the U.S. with over 8,100 deposit locations [5][6] - The company added 1,110 new user locations in Q3 2025, including approximately 780 locations from Claire's, a nationwide retailer [5][6] - ClipChange recorded a 19% order growth in Q3 2025 compared to Q2 2025, enhancing the company's cash management strategy [6] Business Model and Strategy - Clip Money operates a multi-bank self-service deposit system, allowing businesses to deposit cash at various retail locations, which are credited to their bank accounts typically within one business day [11] - The company combines functional hardware, a mobile app, and a cloud-based transaction engine to maximize business-banking transactions, providing a cost-effective solution for business banking deposits [11]

Core Insights - Clip Money Inc. reported a significant revenue growth of 175% in Q3 2025 compared to Q3 2024, with total revenue reaching $1,435,501 [5][6] - The company maintained high operating leverage, as the cost of revenues increased by only 55% during the same period [5][6] - Comprehensive loss for Q3 2025 was $2,764,599, reflecting a 19% increase YoY, primarily due to a non-cash change in the fair value of derivative liabilities [5][6] Financial Performance - Q3 2025 revenue was $1,435,501, up from $521,316 in Q3 2024, indicating a 175% YoY growth [5] - Core revenue (excluding non-recurring revenue) increased by 26% QoQ compared to Q2 2025 [5] - Cost of revenue for Q3 2025 was $1,301,817, up 55% YoY, significantly lower than revenue growth [5] - Operating expenses rose to $1,987,589 in Q3 2025, a 24% increase YoY, but were 16% higher QoQ due to accruals [5][6] Network and Customer Growth - The company expanded its U.S. business deposit network, becoming the largest non-bank network for business cash deposits in the U.S. with over 8,100 deposit locations [5][6] - Organic growth added 1,110 new user locations in Q3 2025, driven by new retail brands and existing customer expansion [5][6] - Claire's, a fashion retailer, joined the Clip network with approximately 780 locations utilizing all three deposit channels [5][6] Product Development - Revenue from new products, including change orders, accounted for 12% of total revenue in Q3 2025, up from 8% in Q3 2024 [5] - ClipChange recorded a 19% order growth in Q3 2025 compared to Q2 2025, enhancing the cash management strategy for customers [6]