Your-Space posts flat revenue in FY25; losses climb over 20%

Your-Space, a student housing and co-living operator struggled to expand its scale in FY25, with the company reporting a marginal decline in revenue while its losses continued to widen during the year.

Your-Space’s revenue from operations decreased by 2.2% to Rs 139.5 crore in FY25 from Rs 142.7 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC).

Your-Space is a student housing company providing affordable PGs, hostels, and co-living spaces for girls and boys. The company operates smart spaces equipped with tech-enabled safety features such as facial recognition, biometrics, and digital locks.

Income from residential services accounted for 97.5% of total operating revenue, which declined by 4%, reaching Rs 136 crore in FY25 compared to Rs 142 crore in FY24. The remaining income was derived from the sale of food, electricity, and other allied services.

For the student housing startup, rental costs for accommodations accounted for 52.3% of total expense. This expense increased slightly to Rs 93 crore from Rs 92 crore in FY24. Employee benefits stayed flat at Rs 21 crore, while facility maintenance and running costs rose marginally to Rs 20.2 crore.

Other expenses including administrative overheads climbed 10% to Rs 26.5 crore. Overall, total expense rose 1.7% to Rs 178 crore in FY25 from Rs 175 crore in FY24.

The decline revenue along the fixed costs for the Your-Space led its loss to increase by 21.5% to Rs 37.3 crore in FY25 from Rs 30.7 crore in FY24. Its ROCE and EBITDA margin stood at -75.27% and -20.22% respectively. 

On a unit basis, the company spent Rs 1.28 to earn a rupee of operating revenue during FY25. The Delhi-based company closed the fiscal with cash and bank balances of Rs 8 crore while its current assets were worth Rs 59.65 crore.

According to TheKredible, Your-Space has raised a total of $17.6 million of funding till date, having Shantanu Rastogi, Ajax Capital and NB Ventures as its lead investors. The company’s co-founders Nidhi Kumra and Shubha Lal together own 20.5% of the company.