Mobikwik losses surge 8X in Q2 FY26

Fintech platform MobiKwik reported its quarterly results for the second quarter of  the ongoing fiscal year (FY26) on Tuesday, with revenue declining 7% year-on-year and losses rising more than 8X.

MobiKwik’s revenue from operations decreased by 7% to Rs 270 crore in Q2 FY26 from Rs 291 crore in Q2 FY25, its unaudited financial statements accessed from the National Stock Exchange (NSE) show.

Commissions on recharges, processing, and interest on servicing loans, payment gateways, as well as platform fee were the primary revenue sources for MobiKwik in Q2 FY26. On the lines of previous quarterly results, the firm didn't provide an income breakdown in Q2 FY26.

For the Half yearly basis, the company’s revenue declined 14.5% to Rs 541 crore in H1 FY26 from Rs 633 crore in H1 FY25.

For the payments platform, payment gateway costs accounted for the largest expense, making up 47% of the total cost of Rs 134 crore in Q2 FY26. Its employee benefit expenses stood at Rs 35 crore, while lending fees aka commission amounted to Rs 13 crore.

MobiKwik’s financial guarantee, legal, advertising-marketing, finance, and other overheads took its total burn to Rs 286 crore in Q2 FY26 which remained flat as compared to Rs 287 crore in Q2 FY25.

The Gurugram-based company’s losses spiked 8X to Rs 28.6 crore in Q2 FY26, compared to Rs 3.5 crore in the same quarter last year. For the half year that ended in September 2025, it reported a net loss of Rs 70.5 crore.

Mobikwik’s stock price is trading at Rs 255 (as of 11:50 AM) with a total market capitalization of Rs 2,021 crore.

Earlier last month, MobiKwik announced the resignation of its Chief Operating Officer for Consumer Payments, Mohit Narain, citing health reasons.

MobiKwik had reported that it was hit by Rs 40 crore fraud in Haryana and later clarified that it was due to internal glitch and not any cyberattack.