Clip Money Inc. Reports Second Quarter 2025 Results

Executive Summary

• Clip Money Inc. reported strong financial results for Q2 2025, with revenue surging 248% year-over-year to $1,349,587, driven by a 169% increase in new deposit users and growth in new product lines.
• The company closed two financing transactions in July 2025, raising a total of US$4,000,000 in gross proceeds through a convertible note from Cardtronics Inc. and a private placement of common shares.
• Operational highlights include the launch of the "ClipCenter" network in partnership with Green Dot, expanding the total deposit network to 8,500 locations, and the addition of major new retail customers.

Key Details

• Q2 2025 Financial Performance:
  • Revenue: $1,349,587 (up 248% YoY; up 39% QoQ).
  • Cost of Revenues: $1,147,057 (up 60% YoY).
  • Operating Expenses: $1,719,300 (up 1% YoY; down 6% QoQ).
  • Comprehensive Loss: $2,427,185 (improved 5% YoY from $2,548,297).
  • Revenue growth outpaced cost of revenue growth, maintaining high operating leverage.
  • New products (excluding non-recurring items) accounted for 13% of total revenue in Q2 2025.
• Financing Activities (Closed July 18, 2025):
  • Closed a non-brokered private placement of an unsecured convertible note for aggregate gross proceeds of US$3,000,000 from Cardtronics Inc. (subsidiary of NCR Atleos Corporation).
  • Closed a non-brokered private placement of 6,876,500 common shares at a price of CAD$0.20 per share for gross proceeds of US$1,000,000.
• Network & Customer Expansion:
  • Launched "ClipCenter" in partnership with Green Dot, adding over 4,000 over-the-counter deposit locations at big-box retail stores.
  • Total network expanded to 8,500 locations across ClipDrop, ClipATM, and ClipCenter.
  • Shopping center network expanded to 483 ClipDrop units (25 new locations added in Q2).
  • Added 294 new organic users in Q2.
  • New strategic retailers added include Earthbound Trading Company, Tumi, and a nationwide eyecare customer.
  • ClipChange milestone: Delivered over 8,000 change orders since launch in 2024.

Notable Quotes

• “Q2 was a pivotal quarter of operational execution for Clip Money. Together with Green Dot, we brought Clip cash deposit services to over 4000 big-box retail stores locations, expanding our network reach and unlocking a new channel for business deposits. This expansion delivers a unique customer experience and provides businesses with unparalleled access and convenience compared to traditional deposit methods. We also continued to grow our customer base, and now have customers actively using all three of our deposit solutions—ClipDrop, ClipATM, and ClipCenter—demonstrating the strength and versatility of the Clip Money Network. Importantly, this operational momentum translated into strong financial performance, with revenue growing 248% year-over-year and 39% quarter-over-quarter in Q2, outpacing growth in our costs of revenue” — Joseph Arrage, CEO & Co-Founder