Overview
- Fourth-quarter revenue reached $337.88 million, beating estimates as EPS came in at $0.18 in line and TPV hit a record $13.1 billion, with shares rising roughly 9% Thursday.
- For 2025, TPV climbed 60% to $41 billion as revenue surpassed $1 billion, gross profit grew 37%, net income rose to $197 million up 63%, and adjusted free cash flow was $191 million with a 97% conversion rate.
- The board authorized up to $300 million in share repurchases running through March 2027 and declared about $57 million in cash dividends under a policy paying 30% of prior-year free cash flow, or roughly $0.1939 per share.
- Guidance calls for 2026 TPV growth of 50% to 60%, gross profit growth of 22.5% to 27.5%, and operating profit growth of 27.5% to 32.5%, with operating profit becoming a standard reporting metric.
- Management highlighted strong customer expansion with TPV retention of 158% and net revenue retention of 145%, outlined product additions including BNPL Fuse, a stablecoin suite, APMs and planned card-present capabilities, and cautioned about Argentina-related pressures, regulatory complexity and near-term OpEx increases.