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Dec 31, 2022

Moneylion Q4 2022 Earnings Report

MoneyLion reported record fourth quarter and full year 2022 results, reaching a significant profitability milestone exiting 2022.

Key Takeaways

MoneyLion announced record Adjusted Revenue of $92 million for Q4 2022, with an improved Adjusted EBITDA of ($6) million. The company achieved record customer additions of 1.1 million in Q4 2022, bringing the total customer base to 6.5 million, up 97% year-over-year. Management expects positive Adjusted EBITDA for the full year 2023.

Achieved record Adjusted Revenue in Q4 2022.

Improved Adjusted EBITDA to ($6) million in Q4 2022.

Added a record 1.1 million customers in Q4 2022, reaching a total of 6.5 million customers.

Expects positive Adjusted EBITDA for the full year 2023.

Total Revenue
$94.9M
Previous year: $55.6M
+70.9%
EPS
-$3.3
Previous year: $14.4
-122.9%
Total Customers
6.5M
Previous year: 3.3M
+97.0%
Gross Profit
$57.5M
Previous year: $55.6M
+3.5%
Cash and Equivalents
$116M
Previous year: $202M
-42.6%
Free Cash Flow
$10.8M
Previous year: -$6.63M
-263.3%
Total Assets
$596M
Previous year: $492M
+21.3%

Moneylion

Moneylion

Forward Guidance

MoneyLion expects Adjusted Revenue of approximately $85 to $88 million and Adjusted EBITDA of approximately ($4) to $0 million for the first quarter of 2023. For the full year 2023, the company expects positive Adjusted EBITDA.