Quarterly ResultJun 16, 2026, 07:31 AM
Swvl Holdings Corp Q1 Revenue Up 68% to $8.2M; Operating Loss Narrows 71%
AI Summary
Swvl Holdings Corp announced its Q1 2026 financial results, reporting a 68% year-over-year revenue increase to $8.2 million, driven by strong performance in the GCC region which saw revenue more than double. The company significantly narrowed its operating loss by 71% to $0.17 million, approaching operating breakeven. Key metrics show a growing base of recurring and dollar-pegged revenue, with net dollar retention at 114%. Operating expenses were managed effectively, falling to 23% of revenue.
Key Highlights
- Swvl Holdings Corp reported Q1 2026 revenue of $8.2M, a 68% increase year-over-year.
- GCC revenue more than doubled, increasing 111% to $3.6M.
- Operating loss narrowed by 71% to $0.17M, with operating margin improving to -2.1%.
- Recurring revenue constituted 88% of total revenue, up from 86% in Q1 2025.
- Dollar-pegged revenue grew 111% to $3.6M, representing 44% of total revenue.
- Consolidated Net Dollar Retention was 114%, with Egypt at 121% and GCC at 105%.
- Operating expenses decreased to 23% of revenue from 34% in the prior year.
Price Impact
More from SWVL