Moneylion Q2 2023 Earnings Report
Key Takeaways
MoneyLion reported record revenue of $107 million, a net loss before other expense and income taxes of $2 million, a quarterly net loss of $28 million, and record Adjusted EBITDA of $9 million. The company saw gross profit and Adjusted EBITDA margin expansion compared to Q1 2023 and near-breakeven cash flows after operating and investing activities.
Reached record revenue of $107 million, up 22% year-over-year.
Reported a net loss before other expense and income taxes of $2 million, compared to $27 million in Q2 2022.
Achieved record Adjusted EBITDA of $9 million.
Total Customers grew 114% year-over-year to 9.9 million.
Moneylion
Moneylion
Forward Guidance
For the third quarter of 2023, MoneyLion expects revenue of $110 to $115 million, gross profit margin of 55% to 60% and Adjusted EBITDA of $6 to $10 million.