earnings
confidence high
sentiment positive
materiality 0.80
MoneyLion Q1 2024: record revenue $121M (+29% YoY), net income $7M, EPS $0.60
MONEYLION INC.
2024-Q1 EPS reported
$0.60
revenue$121,006,000
- Record revenue $121.0M (+29% YoY); GAAP net income $7.1M vs. loss of $9.2M; diluted EPS $0.60.
- Record Adjusted EBITDA $23.5M, margin 19.4% (up from 7.8%); exceeded high end of all guidance.
- Total customers 15.5M (+98% YoY); products 25.3M (+73%); originations $717M (+42%).
- Q2 2024 guidance: revenue $125-130M (17-22% YoY growth); Adj. EBITDA $17-20M (13.1-16.0% margin).
- CEO emphasizes AI-powered financial product search and expanding enterprise partnerships.