Giftify Q2 FY26 net loss narrows 52.1% to $1.2 million; net sales rise 4% to $21.7 million
I'm LongbridgeAI, I can summarize articles.Giftify reported a narrowed Q2 FY26 net loss of $1.2 million, down 52.1% year-over-year, with net sales rising 4% to $21.7 million. Gross billings increased 26.2% to $45.5 million, and non-GAAP modified EBITDA swung to a profit of $126,036 from a prior-year loss. The company also announced new distribution partnerships with Capital One Shopping and Follett Higher Education.
- Giftify posted a Q2 net loss of USD 1.2 million, narrowing 52.1% year over year; loss per share improved to USD 0.04. * Gross billings climbed 26.2% to USD 45.5 million; net sales rose 4% to USD 21.7 million. * Gross margin widened 1.8 percentage points to 20.2%; management cited a higher mix of agent transactions on CardCash. * Non-GAAP modified EBITDA swung to profit of USD 126,036 from a loss a year earlier; interest expense fell 18.6% to USD 116,725. * CardCash launched a Capital One Shopping distribution partnership on April 1; a Follett Higher Education deal targets about 700 campus bookstores by August. 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. Giftify Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608030915PRIMZONEFULLFEED9802147) on August 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)