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Moatable Reports Second Quarter 2025 Financial Results
Prnewswireยท 2025-08-15 21:04
Core Viewpoint - Moatable, Inc. reported strong financial performance in Q2 2025, highlighting steady revenue growth and improved profitability compared to the same quarter last year [3][8]. Financial Performance - Revenue increased by 26% year-over-year to $19.3 million in Q2 2025, with a 27% increase to $37.3 million for the six months ended June 30, 2025 [8]. - Gross profit rose by 21% to $14.3 million in Q2 2025, and by 23% to $27.7 million for the six months ended June 30, 2025 [8]. - The company achieved a net income of $0.4 million in Q2 2025, a turnaround from a net loss of $0.5 million in the same quarter last year [3][8]. - Adjusted EBITDA improved by 100% to a profit of $1.0 million in Q2 2025, and increased by 20% to a profit of $0.6 million for the six months ended June 30, 2025 [8][10]. Operational Efficiency - Gain from operations improved significantly, moving from a loss of $0.8 million in Q2 2024 to a gain of $0.4 million in Q2 2025, reflecting a 150% improvement [8]. - Total cash and cash equivalents decreased to $22.1 million as of the end of Q2 2025, down from $31.9 million at the end of 2024 [8]. Company Overview - Moatable, Inc. operates two US-based SaaS businesses, Lofty and Trucker Path, and its American depositary shares trade on OTC Pink under the symbol "MTBLY" [5].