XTM Files Q3 2025 Interim Financial Results
Year-to-Date Revenue Up
Sale of Processor Assets Completed
With the October 24, 2025 announcement of a Management Services and Program Management Agreement (“MSA”) with Everyday People Financial Corp. (“EPF”), XTM is transitioning from a directly managed payments model to a capital-light, profit-sharing structure. Under the MSA, EPF will assume full operational management, compliance oversight, and technology administration for XTM’s Canadian network-branded card and digital wallet programs.
Q3 2025 Financial and Operational Highlights
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Revenue Growth: Revenue was
$7.4 million 19% from$6.4 million -
Reduced Net Operating Loss: Net loss from operations decreased to
$10.8 million 25% improvement over the prior-year period loss of$14.5 million -
Sale of Processor Assets: On September 16, 2025, the Company sold the QRails processor assets, recording a
$1.2 million - Processing Restructure: Following the asset sale, the Company now pays transaction-based processing fees, significantly reducing fixed costs and overhead previously required to operate the processor.
Subsequent Events
- Management Services Agreement with EPF: On October 24, 2025, the Company entered into an MSA with EPF, under which a newly formed joint subsidiary, Everyday People Payments Inc. (“EP Payments”), will assume operational management, compliance, and technology administration of XTM’s Canadian card and digital wallet programs. This marks a significant shift to a capital-light, profit-sharing business model.
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Cost Reductions and Transition: Following execution of the MSA, XTM initiated a transition plan that includes substantial reductions in employee, rent, consultant, and other operating costs. As of November 30, 2025, monthly payroll costs were reduced by more than
35% , with further reductions expected upon full transition by year-end. -
XTM
USA – Finance Tokenization Initiative: On November 18, 2025, the Company announced a binding Letter of Intent (“LOI”) with AGORACOM RWA DBX, aDubai -based consulting agency, to support the acquisition of Preferred Shares of XTMUSA by an arm’s-length organization for tokenization. The initiative applies only to Preferred Shares of a private subsidiary and does not create or imply any blockchain token associated with XTM’s common equity or public listing. -
U.S. EWA Contracts: As part of its focus on the U.S. market, XTM is pursuing multiple contracts to provide EWA and Early Tip Disbursement services. Employer adoption is being driven in part by the “One, Big, Beautiful Bill Act: Tax deductions for working Americans,” which offers tax-free treatment on tips up to$25,000 $12,500
Filing Details
The interim financial statements and MD&A for the quarter ended September 30, 2025 are available on the Company’s profile on SEDAR+.
About XTM Inc.
XTM Inc. (CSE: PAID) is a fintech company providing real-time payment and earned wage access solutions. XTM’s platform enables instant access to earnings for workers and contractors through digital wallets and prepaid cards, serving the restaurant, hospitality, and gig-economy sectors across
Learn more at www.xtminc.com.
Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” under applicable Canadian securities laws. These statements involve known and unknown risks, uncertainties, and assumptions, and may include terms such as “expects,” “intends,” “anticipates,” “plans,” and “believes.” Actual results may differ materially due to various risks and factors beyond the Company’s control.
The CSE has neither approved nor disapproved the contents of this press release and assumes no responsibility for its accuracy.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251202259857/en/
Investor Contact
Brad K Kirby
Email: finance@xtminc.com
Phone: 416-260-1641
Source: XTM Inc.
