What makes the miss particularly jarring is the underlying business strength visible through June. Revenue reached $218.7 million in Q2, up 13.6% year over year. Net income hit $37.0 million with a 15.2% profit margin. Operating margin stood at a healthy 16.3%. The company was printing money. Something shifted between the end of Q2 and the close of Q3, but management commentary on the miss has not yet been fully detailed.
CM.com posted its highest ever EBITDA in the third quarter of 2025, but has again lowered its profit forecast for the full year. The company now expects normalized EBITDA of €18 to €20 million, down from a previous range of €22 to €27 million. The reduction follows headwinds in the market and an unfavorable dollar exchange rate, which are weighing on results.
Bank payment company GoCardless has recorded its first EBITDA positive quarter on an adjusted basis, operating in the black in the final three months of FY25 (April to June 2025). The result reflects strong cost discipline and a sustained growth trajectory, positioning the company for long-term financial sustainability. This milestone follows strong financial results in FY24, where GoCardless reported a 38% increase in revenue to £127m and a 55% reduction on losses, down to £35m.