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Moatable's Second Quarter Financial Results for 2025

Moatable, Inc. (OTC: MTBLY), a prominent player in the SaaS industry, unveiled its financial performance for the second quarter of 2025, highlighting a robust year-over-year growth trajectory. The company recorded revenues of $19.3 million, representing a staggering 26% increase compared to $15.2 million in Q2 of the prior year. This growth reflects Moatable's successful strategic initiatives and commitment to delivering value to its customer base.

Financial Highlights

In addition to revenue growth, Moatable's gross profit surged by 21%, amounting to $14.3 million in the recent quarter. For the first half of 2025, total revenue reached $37.3 million, indicative of a 27% increase from the same period in 2024. The company's ability to enhance its profitability is reflected in the significant improvement in its operational performance.

A remarkable turnaround is evident in the operational gain, which switched from a loss of $0.8 million in Q2 2024 to a gain of $0.4 million in Q2 2025. The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), a vital metric for understanding operational profitability, also saw a substantial increase, doubling from a profit of $0.5 million in Q2 2024 to $1 million in Q2 2025. Over the first six months of the year, adjusted EBITDA rose by 20% to $600,000 compared to $500,000 the previous year.

Despite challenges such as rising operational costs, Moatable has managed to streamline its expenses efficiently. Total cash, cash equivalents, and restricted cash stood at $22.1 million at the end of Q2 2025, a decline from $31.9 million at the end of 2024. However, this adjustment reflects strategic investments and spending to fuel future growth.

Executive Insights

Scott Stone, Moatable's Chief Financial Officer, expressed optimism regarding the earnings report, stating, “We are very pleased with the continued steady revenue growth over the past fourteen quarters and are particularly encouraged by our profitability. Our net income of $0.4 million in Q2 2025 indicates a positive trajectory compared to a net loss of $0.5 million in the same quarter last year.”

Stone highlighted the company's rationalization of its cost structure and ongoing efforts to improve operational efficiencies, which are essential for maintaining profitability as the market evolves.

Company's Vision and Future Outlook

Moatable, Inc. operates two SaaS businesses, Lofty and Trucker Path. As the company continues to navigate the rapidly changing landscape of software as a service, stakeholders are closely monitoring its approach to innovation, cost management, and market expansion.

In the context of a competitive SaaS environment, Moatable’s ability to retain and expand its customer base will be crucial. Continued investment in user experience and service offerings, alongside maintaining a sustainable cost model, positions the company favorably for future growth.

The company’s recent performance showcases its resilience and commitment to enhancing shareholder value while addressing the evolving needs of its customers. Moatable remains optimistic about its capacity to achieve long-term returns for investors as it focuses on strategic business development.

In conclusion, Moatable’s second quarter results herald a new phase of profitability and growth, positioning it as a notable player in the SaaS market.