RedCloud Holdings plc reported its financial and business results for the full year 2024 on May 19, 2025. The company achieved a Total Transaction Value (TTV) of $2.5 billion, marking a 111% increase year-over-year.
Total revenue for FY 2024 reached $46.5 million, representing a substantial 135% increase compared to the previous year. The average 'Transaction Based Revenue' also saw an increase, rising to 1.9% from 1.7%.
Despite strong top-line growth, RedCloud reported increasing operating and net losses, with operating income at -$38.65 million and net income at -$50.72 million for 2024. The company's cash and cash equivalents stood at $800,735, with negative working capital of -$52.97 million and net debt of $72.37 million, reflecting its aggressive investment phase.
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