Clip Money Inc. Reports 2025 Year End Results
Rhea-AI Summary
Clip Money (OTC: CLPMF) reported record 2025 revenue of $5,743,688, a 143% increase from 2024, driven by new products and a 129% rise in new deposit users. Cost of revenues rose 52%, showing operating leverage; operating loss improved 12% to $6.87M, while net loss was $9.07M. The network expanded to >8,000 deposit locations and active customers grew 77% to 4,438. The company raised convertible financing totaling $6.0M and obtained a $2.19M loan, supporting growth and network rollout into 2026.
Positive
- Revenue +143% YoY to $5.74M
- Active customers +77% to 4,438
- Network expanded to over 8,000 deposit locations
- Operating loss improved 12% YoY
- Raised $6.0M via convertible notes and equity placements
Negative
- Net loss of $9.07M for 2025
- Total liabilities +47% YoY to $25.84M
- Operating expenses of $7.36M remain sizable
News Market Reaction – CLPMF
On the day this news was published, CLPMF gained 46.48%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, March 31, 2026 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the fiscal year ended December 31, 2025. The Company reported record revenue growth in 2025, up
All dollar amounts referenced herein are in U.S. dollars.
2025 Financial Highlights
- Revenue for 2025 was
$5,743,688 , compared to$2,360,309 in 2024, representing143% growth year-over-year (“YoY”). This growth was fueled by a129% increase in average new deposit users and a5% increase in revenue per user, driven by revenue from new products. Revenue for Q4 2025 was$1,985,894 compared to revenue of$1,435,501 for Q3 2025, which represents a38% quarter-over-quarter (“QoQ”) increase. This QoQ increase was driven by an increase in deposit users, revenue per customer, and increase in take up of Clip’s change order solution. Q4 is impacted by seasonality from holiday shopping. The Company estimates the seasonality lift in Q4 2025 was approximately15% of total revenue. Excluding the impact of seasonality, revenue grew19% QoQ. - Operating expenses for 2025 were
$7,355,302 , compared to$6,688,824 in 2024, representing a10% YoY increase. Loss from Operations for 2025 was$6,870,515 compared to$7,778,258 in 2024, which was a12% YoY improvement. Net loss, which includes non-cash items, for 2025 was ($9,073,119) , compared to ($9,338,779) in 2024. - Revenue growth continues to outpace cost of revenue (“COR”). COR for 2025 was
$5,258,901 compared to COR of$3,449,743 in 2024, representing a52% YoY increase, relative to143% YoY revenue growth.
2025 Corporate Highlights
- On January 30, 2025, the Company announced a partnership with GreenDot Corp. (“GreenDot”) to add in-person deposit services in over 4,000 additional prominent national, retail locations. By utilizing GreenDot’s embedded finance platform (Arc) and money movement network (the GreenDot Network) and Clip Money’s cash deposit technology platform, the partnership with GreenDot offers businesses a more convenient and efficient way to handle cash deposits at prominent national retail and grocery locations.
- On February 24, 2025, the Company closed a non-brokered private placement of an unsecured convertible note for aggregate gross proceeds of
$2,000,000 from Cardtronics, Inc., a subsidiary of NCR Atleos (“Cardtronics”). - On July 18, 2025, the Company closed a non-brokered private placement of an unsecured convertible note for aggregate gross proceeds of
$3,000,000 from Cardtronics, as well as a non-brokered private placement of 6,876,500 common shares in the capital of the Company to two insiders of the Company, resulting in gross proceeds of$1,000,000 . - On December 18, 2025, the Company received a
$2,188,822 loan from Business Development Bank of Canada. In 2025, the Company received an initial disbursement of$1,006,858 .
2025 Network & Customer Highlights
- 2025 saw significant growth and strategic expansion of the Clip Money network to over 8,000 deposit taking locations. This expansion supports the dramatic increase in available market as Clip customers can now enjoy unparalleled convenience across ClipATM, ClipDrop and ClipCenter locations. Clip customers are now enjoying multi channel options for making convenient cash deposits.
- Clip’s network expansion supported the growth of active customers by
77% by December 2025, exiting the year at 4,438 (vs December 2024) including welcoming storied brands such as Swarovski, Tumi, Spring Step, Claire’s, Earthbound, Kako Klaw, and Pop Mart. - Clip’s innovative change order delivery solution, ClipChange, supported retail businesses during the critical 2025 holiday shopping season. ClipChange experienced record shipments of change to over 30 Clip customer brands, supporting store and restaurant personnel to better service customers instead of the time consuming trek to the bank branch for cash and notes to run their business.
- Clip’s customer retention rate in 2025 was
99% , a strong endorsement of the differentiated service, support and commercial value proposition delivered through the Clip platform and network. In an industry that has experienced limited innovation and declining service rates, Clip’s focus on customer value and support is leading to a loyal customer base.
“The results from 2025 confirm that the market is ready for a digital transformation in cash management. By significantly increasing our user base and scaling to over 8,000 retail deposit locations, we have achieved the required distribution necessary to conveniently service the majority of businesses across the U.S. This isn't just growth; it's the creation of an essential financial utility, supporting commercial businesses of any size. We are entering 2026 with a record-breaking Q4 behind us and the largest opportunity pipeline in Clip’s history that reflects the true value of the national network we've established."
— Joe Arrage, CEO and cofounder, Clip Money Inc.
| Year ended | |||||||||||
| 2025 | 2024 | 2023 | |||||||||
| Total revenue | $ | 5,743,688 | $ | 2,360,309 | $ | 577,919 | |||||
| Net loss | $ | (9,073,119 | ) | $ | (9,338,779 | ) | $ | (9,316,567 | ) | ||
| Net loss per share – basic and diluted | $ | (0.08 | ) | $ | (0.09 | ) | $ | (0.11 | ) | ||
| Year ended | |||||||||||
| 2025 | 2024 | 2023 | |||||||||
| Total assets | $ | 9,805,023 | $ | 9,587,521 | $ | 13,861,664 | |||||
| Total liabilities | $ | 25,843,036 | $ | 17,523,428 | $ | 13,013,477 | |||||
| Distribution or cash dividends | $ | - | $ | - | $ | - | |||||
Additional Information
The Company’s audited consolidated financial statements, notes to financial statements, and management’s discussion and analysis for the year ended December 31, 2025 are available on the Company’s SEDAR+ profile at www.sedarplus.ca. Unless otherwise indicated, all references to “$” in this press release refer to U.S. dollars.
Forward‐Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company’s business.
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
About Clip Money Inc.
Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box, ClipATM, or ClipCenter located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com.
For further information, please contact:
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
