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Nov 19, 2025 8:00 PM

Clip Money Inc. Reports Third Quarter 2025 Results

TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSXV:CLIP) ("Clip Money" or the "Company"), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine months ended September 30, 2025. The Company reported continued revenue growth in the third quarter of 2025, up 175% from Q3 2024, while cost of revenues were up only 55% during the same time period, maintaining the Company's high operating leverage.

Third Quarter Financial 2025 Highlights:

Revenue for the third quarter of 2025 ("Q3 2025") was $1,435,501, compared to $521,316 in the third quarter of 2024 ("Q3 2024"), which equates to 175% growth year-over-year ("YoY"). Q3 2025 core revenue (excluding non-recurring revenue) was up 26% quarter-over-quarter ("QoQ") compared to the second quarter of 2025 ("Q2 2025"), which was a function of new sales growth, existing customer penetration and growth of new products.

Revenue growth continues to outpace changes in costs of revenue ("CoR"). Q3 2025 CoR of $1,301,817 was up 55% YoY, relative to 175% YoY revenue growth.

YoY revenue growth for Q3 2025 was driven by a 157% increase in new deposit users, and supported by contributions from new products, namely revenue from change orders. Revenue from new products, excluding non-recurring items, accounted for 12% of total revenue in Q3 2025 and 8% of total revenue in Q3 2024.

Operating expenses for Q3 2025 were $1,987,589 compared to $1,597,181 in Q3 2024, which represents a 24% YoY increase. Q3 2025 operating expenses were 16% higher QoQ compared to Q2 2025. However, this was due to higher operating expense accruals. Excluding the operating expense accruals, expenses were down 3% QoQ.

Comprehensive loss for Q3 2025 was $2,764,599 compared to $2,318,179 in Q3 2024, which represents an increase of 19% YoY. However, the majority of the increase was driven by a non-cash change in the fair value of the Company's derivative liabilities, which accounted for 14% of the increase. Excluding that change, the increase was 5% YoY.

Network & Customer Highlights: