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Mar 31, 2024

Moneylion Q1 2024 Earnings Report

MoneyLion announced Q1 2024 results, with record revenue and net income.

Key Takeaways

MoneyLion reported record revenue of $121 million, a 29% increase year-over-year, and a record GAAP net income of $7 million, resulting in diluted EPS of $0.60. Adjusted EBITDA reached a record $23 million, representing a 19.4% margin.

Record revenue of $121 million, up 29% year-over-year.

Record GAAP net income of $7 million.

Diluted EPS of $0.60.

Adjusted EBITDA of $23 million, representing a 19.4% margin.

Total Revenue
$121M
Previous year: $93.7M
+29.2%
EPS
$0.6
Previous year: -$1.29
-146.5%
Total Customers
15.5M
Previous year: 7.8M
+98.7%
Gross Profit
$58.2M
Previous year: $51.7M
+12.7%
Cash and Equivalents
$102M
Previous year: $96.8M
+5.3%
Free Cash Flow
$31.5M
Previous year: $1.64M
+1816.1%
Total Assets
$538M
Previous year: $557M
-3.5%

Moneylion

Moneylion

Forward Guidance

For the second quarter of 2024, MoneyLion expects revenue of $125 to $130 million and Adjusted EBITDA of $17 to $20 million.