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Earnings

EMERGE Reports Strong Preliminary Q4 and Full Year Results

By The Northwire Desk — AI Analysis Feb 10, 2026 · 07:00 ECOM · 0.12 Emerge Commerce Ltd.
ECOM · Price

Executive Summary

  • EMERGE Commerce Ltd. reported preliminary Q4 2025 revenue of $7.0 M, up 32% YoY, and full‑year 2025 revenue of $27.6 M, up 43% YoY.
  • Adjusted EBITDA is expected to be $200K–$250K for Q4 (versus $12K in Q4 2024) and $1.5 M for the full year (vs. a loss of $473K in FY 2024).
  • Cash balance increased to $4.1 M at year‑end 2025, supporting positive cash flow for the year.

Key Details

  • Q4 2025 Revenue: $7.0 M (↑ 32% YoY vs. $5.3 M in Q4 2024).
  • Full Year 2025 Revenue: $27.6 M (↑ 43% YoY vs. $19.3 M in FY 2024).
  • Adjusted EBITDA – Q4 2025: Expected $200K–$250K (vs. $12K in Q4 2024).
  • Adjusted EBITDA – Full Year 2025: Expected $1.5 M (vs. loss of $(473K) in FY 2024), a $2 M improvement.
  • Cash Position – Dec 31 2025: $4.1 M (↑ $1.0 M vs. $3.1 M at end‑2024).
  • Management Commentary: CEO Ghassan Halazon highlighted strong performance in grocery and golf verticals, record B2B sales during the holiday season, and achievement of 2025 operational objectives: organic revenue growth, positive Adjusted EBITDA, and positive cash flow.
  • Forward Outlook: Audited full‑year results to be released in late April 2026; Q4 conference call details to be disclosed in April.

Notable Quotes

“Our preliminary Q4 results reflect another excellent quarter of YoY growth… Both our grocery and golf verticals performed strongly, supported by record B2B sales during the holiday season.” – Ghassan Halazon, Founder & CEO

All amounts are presented in Canadian dollars.

Read the original news release →

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