CosmicTaco

Razorpay Anticipates EBITDA Breakeven by FY26

CosmicTaco · 2024-11-04T16:19:44.724948+05:30

- Razorpay Inc. reported revenues of $325-330 million in FY24, with a 34% decrease in EBITDA loss to $50 million. - The company expects to declare a small EBITDA profit of $3-4 million in FY26, with a projected topline of $550-600 million. - The India unit showed a fivefold increase in net profit to Rs 35 crore ($4.2 million), but this becomes an overall loss in the US unit due to operational costs. - Razorpay is planning for an initial public offering after its flip from the US to India. - The company faces competition from PayU, Billdesk, Paytm, PhonePe, and Cashfree, and is working to secure large enterprise accounts. Source: [The Arc](https://thearcweb.com/article/payment-razorpay-breakeven-harshil-mathur-15zze5FSH1Ev4ep4)

Razorpay Inc. reported revenues of $325-330 million in FY24, with a 34% decrease in EBITDA loss to $50 million.
The company expects to declare a small EBITDA profit of $3-4 million in FY26, with a projected topline of $550-600 million.
The India unit showed a fivefold increase in net profit to Rs 35 crore ($4.2 million), but this becomes an overall loss in the US unit due to operational costs.
Razorpay is planning for an initial public offering after its flip from the US to India.
The company faces competition from PayU, Billdesk, Paytm, PhonePe, and Cashfree, and is working to secure large enterprise accounts.

Source: The Arc