AppTech Payments Q2 revenue rises for third straight quarter

AppTech Payments

29/07/2026 14:09

Overview
Fintech firm's Q2 revenue rose for third straight quarter, reaching $1.7 mln
Company's operating and net losses narrowed from both prior quarter and year-ago period
Revenue growth achieved despite loss of most BAAS revenue due to banking partner disruption

Outlook
Company did not provide specific financial guidance for future quarters or the full year in its press release

Result Drivers
BAAS REVENUE LOSS - Co said revenue grew despite loss of most BAAS revenue due to business flow disruptions with principal banking partner
BANKING PARTNER RELATIONSHIP - Co said working relationship with principal banking partner has improved and efforts to reestablish BAAS revenue are ongoing

Company press release: ID:nGNX6YZYrn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.7 mln
 

Reuters Recommended Reads
July 29 - PSQ Holdings Q2 revenue jumps on Fintech growth
July 28 - PayPal Q2 revenue beats on strong momentum in Venmo and Braintree
July 29 - SoFi Q2 adjusted revenue beats on member and product growth 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)