Key Financial Data
- 2026 H1 Total revenue: $25.9 million (+3% year-over)
- Payments revenue: $13.6 million (-5%)
- Subscriptions revenue: $12.3 million (+13%)
- Gross profit: $22.6 million (+6.4%)
- Gross margin: 87%, up 310 basis points
- Annual Recurring Revenue: $20.4 million (+31%)
- Net Revenue Retention: 119%, up from 108%
- Active subscriptions: 25.6 million (+33%)
- Operating profit: $281,000, compared with an operating loss of $2.95 million
- Loss before taxes: $937,000, improved from a loss of $3.57 million
- Net loss: $674,000, improved from a loss of $3.19 million
Subscription-focused technology developer Bango increased its overall revenue by 3 percent while narrowing its net loss below $1 million during the first six months of the year, the company revealed in a financial disclosure this week.
The company, listed on the Alternative Investment Market of the London Stock Exchange, saw its total revenue jump to $25.9 million during the six-month period that ended June 30, largely attributed to gains in its subscription-based revenue business that offset declines in its legacy payments business.
Subscription revenue rose 13 percent to $12.3 million while payments-related revenue dipped 5 percent to $13.6 million.
Bango has its roost in early mobile payments, with direct carrier billing partners like Amazon in Japan. Over the past few years, the company has shifted its focus toward its subscription management and billing platform, including its flagship product called the Digital Vending Machine, which allows companies like telecoms, banks, health and wellness clubs and food delivery services offer individual or bundles of subscriptions to their customers.
During the first six months of the year, Bango saw six new business clients tap into the Digital Vending Machine. In the United States, seven of the largest eight telecoms are using some or all functions of the Digital Vending Machine, the company said.
Verizon has long been confirmed as one of Bango’s clients, according to materials released by both companies. Other telecoms that are using the Digital Vending Machine include Comcast’s Xfinity, Charter’s Spectrum, T-Mobile and Optimum (formerly Altice USA), according to company statements, marketing materials and sources familiar with its business arrangements.
Chief Executive Officer Paul Larbey said the results demonstrated increasing operating leverage as recurring revenue grows while efficiencies introduced last year reduce costs.
“The combination of growing recurring revenue and the operating efficiencies delivered last year is translating into increasing profitability across the Group,” Larbey said in a statement.
Bango reported operating profit of $281,000, compared with a $2.95 million loss a year earlier. Net loss narrowed to $674,000 from $3.19 million.
Bango ended June with $8.7 million in net debt, down from $9.2 million at the end of 2025. The company said trading remains in line with full-year market expectations, while warning that a restructuring of its payments business could cause a low-single-digit variation in reported revenue.
