Lendway Inc. Reports Q2 Net Revenue Surge to $23.2M, Net Income of $1.0M, EPS Rises to $0.58

Reuters
Aug 29
<a href="https://laohu8.com/S/LDWY">Lendway</a> Inc. Reports <a href="https://laohu8.com/S/QTWO">Q2</a> Net Revenue Surge to $23.2M, Net Income of $1.0M, EPS Rises to $0.58

Lendway Inc. has announced its financial results for the three and six months ending June 30, 2025. The company reported a net revenue increase to $23.2 million for the three months ended June 30, 2025, up from $16.9 million in the same period in 2024. This increase was attributed to the shift of the Easter holiday into this quarter and heightened sales for the Mother's Day holiday. For the six-month period ending June 30, 2025, Lendway recorded a net income from continuing operations of $1.9 million, a significant turnaround from a loss of $2.1 million in the prior year. Net income attributable to Lendway was $1.5 million, or $0.82 per diluted share, in contrast to a net loss of $1.7 million, or a loss of $0.95 per diluted share, in the same period of 2024. The company's adjusted EBITDA for the six months was $5.3 million, compared to $3.6 million in the previous year. Cash provided by continuing operations reached $8.0 million, up from $5.0 million in the corresponding period in 2024. Lendway's leadership highlighted the company's record-breaking Mother's Day sales and an overall increase in market share, attributing the financial performance to their efforts in meeting customer demand and expanding their customer base. The company expressed optimism about maintaining growth momentum into the next fiscal year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lendway Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1066441) on August 28, 2025, and is solely responsible for the information contained therein.

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