**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
Here is the comparison of financials and debt year on year presented as an HTML table:
This table compares key financial metrics and debt status for Boku, Inc. between 2024 and 2025, showing significant growth in revenue, profitability, cash position, and operational metrics, while maintaining a debt-free status.
