OLB Group Q2 revenue falls on lower Moola Cloud, crypto mining revenue

OLB

17/08/2026 14:40

Overview
US fintech provider's Q2 revenue fell 44% yr/yr as Moola Cloud and mining revenue declined
Net loss narrowed 50% yr/yr and operating expenses declined 23%
Company raised $3.7 mln in Q1, strengthening liquidity and removing going concern doubt

Outlook
Company says it has sufficient liquidity to sustain operations for at least twelve months
OLB intends to proceed with DMINT spin-off when regulatory and market conditions permit
Company expects personnel and software costs to increase as AI initiatives expand

Result Drivers
MOOLA CLOUD AND MINING REVENUE - Co said revenue decline was mainly due to lower Moola Cloud revenue and reduced cryptocurrency mining revenue from a drop in Bitcoin value
OPERATING EXPENSES - Co attributed 23.4% yr/yr decline in operating expenses to reduced processing and servicing costs, professional fees, and interest expense
BITCOIN MINING SEGMENT - Co said Bitcoin Mining segment loss narrowed and revenue increased due to lower segment operating expenses and operational improvements

Company press release: ID:nACSNq4SQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
Beat
$0.08
$0.09 (1 Analyst)

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for OLB Group Inc is $3.00, about 906.7% above its August 14 closing price of $0.30

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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.)