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LSAK

Lesaka Technologies, Inc.

LSAK

Lesaka Technologies, Inc. • NASDAQ
$3.71 ▼ -1.59% (-0.06)
Market Cap $311.96 M
52w High $5.59
52w Low $3.39
Dividend Yield 0%
P/E -3.31
Volume 36.02K
Outstanding Shares 84.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $171.448M ▼ $52.625M ▼ $-4.297M ▲ -2.506% ▲ $0 ▲ $13.232M ▲
Q4-2025 $231.668M ▲ $76.941M ▲ $-28.77M ▼ -12.419% ▲ $-0.35 ▼ $-22.64M ▼
Q3-2025 $161.45M ▼ $43.868M ▼ $-22.058M ▲ -13.662% ▲ $-0.27 ▲ $-10.778M ▲
Q2-2025 $176.216M ▲ $44.743M ▲ $-32.134M ▼ -18.236% ▼ $-0.4 ▼ $-24.171M ▼
Q1-2025 $145.546M $34.704M $-4.542M -3.121% $-0.071 $7.933M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $72.162M ▼ $652.855M ▼ $386.633M ▼ $259.308M ▲
Q4-2025 $76.52M ▲ $653.71M ▲ $392.327M ▲ $254.542M ▼
Q3-2025 $71.008M ▲ $649.198M ▲ $368.22M ▲ $274.186M ▼
Q2-2025 $60.625M ▲ $640.574M ▲ $351.58M ▲ $282.267M ▲
Q1-2025 $49.687M $551.889M $288.243M $263.646M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-4.414M ▲ $8.923M ▲ $-461K ▼ $-14.738M ▼ $-4.355M ▼ $3.804M ▲
Q4-2025 $-28.948M ▼ $-6.482M ▼ $9.877M ▲ $-161K ▼ $5.516M ▼ $-10.363M ▼
Q3-2025 $-22.038M ▲ $10.663M ▲ $-10.007M ▲ $8.508M ▼ $10.386M ▼ $7.846M ▲
Q2-2025 $-32.106M ▼ $-9.165M ▼ $-11.494M ▼ $36.866M ▲ $10.928M ▲ $-15.912M ▼
Q1-2025 $-4.542M $-4.137M $282K $-15.481M $-16.11M $-8.102M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Insurance Revenue
Insurance Revenue
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Other Products And Services
Other Products And Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Processing Fees
Processing Fees
 $50.00M ▲$50.00M ▲$50.00M ▲$60.00M ▲
Technology Products
Technology Products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the past few years, showing that Lesaka’s products are gaining traction, especially after recent acquisitions. Gross profit has improved as scale has increased, and operating results are hovering close to break-even. That said, the company is still loss-making at the bottom line, and the latest year shows losses widening again after prior improvement. In simple terms, the business is scaling well on the top line, but profitability is not yet stable or dependable, and earnings per share remain negative.

Balance Sheet

Balance Sheet The balance sheet shows a business that has grown in size, with total assets rising over time, but with a thinner equity cushion than in earlier years. Debt has increased significantly compared with a few years ago, which means higher leverage and more sensitivity to interest costs and refinancing conditions. Cash on hand is modest but has improved from its lows. Overall, the company still has positive equity, but the structure has shifted toward more borrowing and less of a capital buffer than in the past, which adds financial risk if performance stumbles.

Cash Flow

Cash Flow Operating cash flow has moved from clearly negative toward roughly breakeven in recent years, with one notably better year in the middle of the period. Free cash flow is also hovering close to breakeven, helped by relatively modest capital spending needs. This pattern suggests the core business is approaching self-funding but is not yet consistently cash-generative. Any setback in operations or working capital could push cash flows back into more clearly negative territory, so the trajectory is encouraging but not yet secure.

Competitive Edge

Competitive Edge Lesaka occupies a differentiated niche: serving informal traders and underserved consumers in Southern Africa, a space that many traditional banks find difficult. Its dual-sided ecosystem for merchants and consumers, together with a large on-the-ground device network, creates meaningful switching costs and network effects. Strategic acquisitions have expanded reach and capabilities, making Lesaka more of a one-stop fintech platform. The flip side is exposure to a single region with political, economic, and regulatory volatility, and ongoing competition from both local fintechs and larger banks that may increasingly target this segment.

Innovation and R&D

Innovation and R&D Innovation is centered on product design and ecosystem building rather than big-ticket lab-style R&D. The Kazang merchant device, value-added services, smart cash vaults, and EasyPay consumer accounts together create a tightly integrated financial platform tailored to the informal economy. Lesaka is also leaning into data analytics and new capabilities from acquisitions like Bank Zero, which could unlock more advanced lending, payments, and risk tools over time. Execution risk is meaningful: integrating multiple platforms, scaling responsibly in higher-risk customer segments, and managing credit quality will all test its innovation engine.

Summary

Lesaka is evolving from a niche payments player into a broader fintech ecosystem serving a large but historically overlooked market. Revenue growth and improving operating metrics show that the strategy is gaining operational traction, but persistent net losses and a more leveraged balance sheet highlight that the financial model is still maturing. The company’s strongest assets are its deep local presence in the informal economy, its integrated merchant–consumer platform, and its growing data and banking capabilities. Key watchpoints are the path to consistent profitability, management of higher debt levels, execution on acquisitions and integrations, and exposure to economic and regulatory conditions in Southern Africa.

NEWS

November 5, 2025 · 4:05 PM UTC

Lesaka's Q1 FY2026 Results: Lesaka achieves Q1 FY2026 guidance and reaffirms FY2026 outlook

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November 1, 2025 · 10:14 AM UTC

LESAKA INVESTIGATION ALERT: Bragar Eagel & Squire, P.C Continues Investigation into Lesaka Technologies, Inc. on Behalf of Lesaka Stockholders and Encourages Investors to Contact the Firm

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October 23, 2025 · 1:30 PM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lesaka Technologies, Inc. - LSAK

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October 18, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lesaka Technologies, Inc. - LSAK

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October 13, 2025 · 1:50 PM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lesaka Technologies, Inc. - LSAK

Read more