Everyday People Financial Corp. Reports Q1 2026 Revenue Growth of 35% to $20.4 Million from $15.1 Million from Continuing Operations; AI-Enhanced RCM Platform Scales Operations, Adding 116 Fee-Earning Employees to Support Organic Client Growth While Driving Productivity Improvements
Rhea-AI Summary
Everyday People Financial (OTCQB: EPFCF) reported Q1 2026 revenue from continuing operations of $20.4 million, up 35% from $15.1 million, driven by its receivables management business.
The company added 116 fee-earning employees and invested in AI-enhanced RCM platforms while signing a deal to divest non-core segments.
According to the company, Q1 Adjusted EBITDA was $0.5 million, down from $1.5 million a year earlier, and continuing operations recorded a net loss of $0.7 million.
Positive
- Revenue from continuing operations +35% to $20.4 million
- Added 116 new fee-earning employees to support client growth
- AI-enhanced RCM platform estimated to save ~25% additional headcount
- Annualized salary investment of ~$5.5 million supports future revenue
- Agreement to sell non-core segments for $850,000 cash
- Over 650 professionals across Canada and UK post-divestiture focus
Negative
- Net loss from continuing operations of $0.7 million vs prior profit
- Adjusted EBITDA fell to $0.5 million from $1.5 million
- Adjusted EBTDA after finance costs near breakeven at -$3,000
- Total operating expenses rose to $14.6 million from $11.1 million
- Incremental Q1 salary cost of ~$1.5 million pressured margins
News Market Reaction – EPFCF
In the May 20 session, EPFCF declined 1.61%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Edmonton, Alberta--(Newsfile Corp. - May 20, 2026) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("EP Financial" or the "Company") today reported financial results for the three months ended March 31, 2026. Total revenue from continuing operations increased
Total fee-earning headcount across the Company's RCM platform increased by 116 positions year-over-year, with the largest cohort of new fee-earning team members added in the Company's recent history to support recently signed clients and anticipated future growth. Investment in AI-enhanced platforms drove meaningful productivity gains during the quarter; based on internal productivity benchmarks, management estimates the Company would have required approximately
"Q1 was a quarter of deliberate investment. We grew revenue
"Our technology investments are doing exactly what we designed them to do, allowing us to scale revenue faster than headcount. By embedding AI across key workflows, we are improving throughput, consistency, and cost efficiency across the platform. That productivity advantage compounds over time, and combined with the pending divestiture of our non-core business segments and our most recent ACT acquisition, positions the Company as a focused, technology-enabled international RCM platform," added Barret Reykdal, Co-CEO (North America).
This news release should be read in conjunction with the Company's condensed interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") report for the three months ended March 31, 2026, which have been posted under the Company's profile on SEDAR+ at www.sedarplus.ca. All figures are in Canadian dollars unless otherwise stated.
Key financial highlights for the three months ended March 31, 2026
| Three months ended March 31, 2026 | Three months ended March 31, 2025 | |
| Revenue | 20,421 | 15,146 |
| Direct costs | 6,557 | 4,548 |
| Gross profit | 13,864 | 10,598 |
| Total operating expense | 14,570 | 11,125 |
| Loss from operations | (706) | (527) |
| Total other (income) expense | 38 | (1,057) |
| Net profit (loss) before tax from continuing operations | (744) | 530 |
| Net profit (loss) for the period from continuing operations | (667) | 385 |
| Adjusted EBITDA | 503 | 1,523 |
Q1 2025 revenue of
Operational highlights
AI-enhanced productivity and disciplined workforce growth: The Company grew fee-earning headcount by 116 positions year-over-year to support recently signed clients and anticipated future growth. Investment in AI-enhanced platforms across the Company's RCM operations contributed to meaningful productivity gains in the quarter. Based on internal productivity benchmarks, management estimates that absent these AI-enabled efficiencies the Company would have required approximately
Pending divestiture of non-core segments: On March 11, 2026, the Company entered into a share purchase agreement with FinCard Financial Services Inc., a wholly owned subsidiary of EAM Enterprises Inc., to divest
Adjusted EBITDA from continuing operations for the three months ended March 31, 2026
| Three months ended March 31, 2026 | Three months ended March 31, 2025 | |
| Net profit (loss) before tax | (744) | 530 |
| Depreciation and amortization | 914 | 898 |
| Acquisition costs | 22 | — |
| Share-based compensation | 273 | 116 |
| Finance costs | 505 | 525 |
| Other expenses (income) | (107) | — |
| Bargain purchase gain | (150) | — |
| Gain on contingent consideration | (210) | (546) |
| Total adjustment to net profit (loss) before tax | 1,248 | 993 |
| Adjusted EBITDA | 503 | 1,523 |
| Less: Finance costs | (506) | (525) |
| Adjusted EBTDA (after finance costs) | (3) | 998 |
Adjusted EBITDA for the quarter was
About Everyday People Financial Corp.
Everyday People Financial Corp. is a pure-play international Revenue Cycle Management ("RCM") company, providing fee-for-service receivables management and debt collection services across Canada and the United Kingdom. First established in 1988, we have a workforce of over 690 professionals operating across Canada and the United Kingdom.
The Company's RCM platform - operating under BPO, EPFS, CCS, ACT, GCS, and Groupe Solution - helps organizations recover receivables and streamline billing processes without purchasing consumer debt.
Founded on the belief that everyone deserves a second chance to financially reestablish themselves, the Company is committed to responsible receivables management that puts the customer at the heart of the process - delivering optimal outcomes for clients while treating consumers with dignity and affordability. For more information visit:
For more information visit: www.everydaypeoplefinancial.com.
Contact
Graham Rankin
Co-CEO (UK)
letsconnect@epfinancial.ca
1 888 825 9808 (Press Option 2 for Investor and Media Relations)
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Company's future financial performance, revenue growth, margins and Adjusted EBITDA financial, performance, and key financial metrics, results of operations, integration of the acquired businesses, the completion, timing and expected effects of the proposed divestiture of the EP Homes and Financial Services businesses, including the Company's transformation into a pure-play international RCM platform, and the business, plans, strategy and operations, and future participation rights, of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk that the proposed divestiture may not close on the terms currently contemplated or at all, the negotiation and completion of the proposed transaction, regulatory approvals including disinterested shareholder approval and TSXV acceptance, market conditions, changes in client demand, operational performance, expectations and assumptions concerning the Company and the acquired businesses as well as other risks and uncertainties, including those described in the documents filed by the Company on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298218