Online deals firm Giftify's Q2 net loss narrows after higher agent transactions

Giftify

03/08/2026 14:36

Overview
US digital gift card platform's Q2 revenue rose 4% yr/yr
Gross profit grew 14.2% with 180 bps margin expansion, driven by more agent transactions
Q2 net loss narrowed by 52% to $1.2 mln, helped by lower costs and interest expense

Outlook
Company did not provide specific financial guidance for the current or future periods in press release

Result Drivers
AGENT TRANSACTIONS - Higher proportion of agent transactions on CardCash platform expanded gross margin and contributed to gross profit growth
LOWER STOCK-BASED COMPENSATION - Decrease in stock-based compensation expense reduced operating costs and improved net loss
REDUCED INTEREST EXPENSE - Lower interest expense from reduced debt balance contributed to narrower net loss

Company press release: ID:nGNX52S0T

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$21.70 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
Wall Street's median 12-month price target for Giftify Inc is $4.00, about 360.8% above its July 31 closing price of $0.87

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(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.)