Canada's Propel Q1 revenue rises 20%, beats estimates

Propel Holdings

04/05/2026 21:30

Overview

Canada fintech lender's Q1 revenue rose 20% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations; adjusted EPS declined slightly yr/yr

Company raised quarterly dividend by 7%, marking eleventh consecutive increase

Outlook

Company expects growth to accelerate in 2026, supported by strong demand and credit trends

Propel plans further U.S. expansion and new product rollouts, including Freshline, through 2026

Company expects LaaS program to be an increasingly meaningful growth driver in 2026 and beyond

Result Drivers

RECORD ORIGINATIONS - Co said strong consumer demand, expanded geographic reach, and new product and marketing partners drove record Q1 originations and revenue

STABLE CREDIT PERFORMANCE - Disciplined underwriting and a strong U.S. tax season supported stable credit performance and a lower provision for loan losses

Company press release: ID:nCNWmR3bda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$166.10 mln
$164.12 mln (5 Analysts)
Q1 Adjusted EPS
$0.54
Q1 EPS
$0.49
Q1 Adjusted Net Income
$23 mln
Q1 Net Income
$20.70 mln
Q1 Adjusted EBITDA
Beat
$42 mln
$38.91 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy"

Wall Street's median 12-month price target for Propel Holdings Inc is C$30.50, about 42.5% above its May 1 closing price of C$21.41

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

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.)