MTBLY
Moatable, Inc.2.8600
+0.0100+0.35%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
52.35MP/E (TTM)
-Basic EPS (TTM)
-0.09Dividend Yield
0%Recent Filings
10-Q
8-K
Moatable secures $9.75M credit
Moatable's subsidiaries secured a $9.75 million senior credit facility from PNC Bank on September 11, 2025, maturing October 31, 2026, at Daily Simple SOFR plus 1.60%. Fully cash-collateralized with a three-month interest reserve, proceeds fund the company's tender offer to repurchase up to 225 million Class A ordinary shares at $3.00 per ADS. This bolsters share buyback capacity while imposing restrictive covenants. Compliance risks loom if covenants falter.
10-Q
Q2 FY2025 results
Moatable's Q2 FY2025 results showed revenue climbing 26.1% y/y to $19.3M, fueled by SaaS subscriptions up 21.7% y/y to $17.4M, with Trucker Path subscribers surging 30% y/y to 144,800 while Lofty seats grew 9% y/y to 85,600. Gross margin dipped 3.0% y/y to 74.1% amid higher cloud costs, yet operating income flipped to $0.4M from a $0.8M loss y/y, thanks to tighter selling expenses down 10.2% y/y. Diluted EPS held steady at $0.0006 on 817.9M shares, reconciling neatly with net income of $0.4M. Cash dipped to $17.1M after a $11.1M special dividend, but operations burned just $2.8M YTD; the May 2025 acquisition of Truckers Best Insurance added $2.1M goodwill and $0.7M intangibles (amortized over 3-7 years) for insurance synergies. Non-GAAP metrics not disclosed in the 10-Q. Competition from larger SaaS players could pressure margins further.
10-Q
Q1 FY2025 results
Moatable's Q1 FY2025 revenue climbed 28.6% year-over-year to $18M, fueled by strong subscription growth in Trucker Path and Lofty segments, while gross profit rose to $13.4M with margins dipping to 74.5% from 76.4% amid higher cloud hosting costs. Operating loss narrowed to $974K from $1.4M, thanks to lower general and administrative expenses, though selling and R&D costs swelled with headcount. Net loss attributable to shareholders improved to $818K, or $0.001 per diluted share on 802M shares, versus $3.1M last year; the gap between operating and net loss stems from $545K income taxes and minor fair-value changes. Cash dipped to $18.8M after an $11.1M special dividend, with operating cash use at $1.7M and no debt; free cash flow not disclosed in the 10-Q. Trucker Path turned profitable at $942K operating income. Yet regulatory hurdles in China could crimp VIE operations.
8-K
Acquires insurance firm for $3M
On May 1, 2025, Trucker Path Insurance, a majority-owned subsidiary of Moatable, agreed to acquire the entire membership interest of Truckers Best Insurance LLC for approximately $3,000,000, with additional payments tied to performance-based earn-out targets. The deal, structured through a Membership Interest Purchase Agreement, awaits customary closing conditions. This bolsters Trucker Path's insurance offerings. Closing remains pending.
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