sur Pivotree (CVE:PVT)
Pivotree Reports Seventh Consecutive Positive EBITDA Quarter
Pivotree Inc. announced robust financial results for the second quarter of 2026, underscoring a continued positive trajectory with its seventh consecutive quarter of positive adjusted EBITDA. For the quarter ending June 30, 2026, the company reported a cash influx of $1.2 million from operations, marking the highest cash position since early 2023. The company emphasized its strategic shift towards AI-enabled service delivery, which accounted for 22% of this quarter's revenue.
The quarter saw a net loss of $0.4 million, affected by restructuring investments in Europe and changes within its R&D team. Revenue reached $12.6 million, reflecting a 27.3% decrease from Q2 2025, influenced by the planned reduction of Legacy Managed Services. Despite this, Pivotree maintained a solid gross margin of 46.9%.
Overall, Pivotree's focus on AI-enhanced offerings aligns with strengthened client solutions and strategic partnerships, illustrating its commitment to frictionless commerce solutions.
R. P.
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