Business
Everyday People Financial Reports 40% Year-over-Year Q2 Revenue Growth Driven by RCM Expansion and Strategic EP Homes Program Shift and Strengthens Balance Sheet in Q2 2025
Edmonton, Alberta--(Newsfile Corp. - August 14, 2025) - Everyday People Financial Corp. ( TSXV:...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Reports 40% Year-over-Year Q2 Revenue Growth Driven by RCM Expansion and Strategic EP Homes Program Shift and Strengthens Balance Sheet in Q2 2025Edmonton, Alberta--(Newsfile Corp. - August 14, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (\"Everyday People\" or the \"Company\"), a technology-driven financial services provider, today announced its financial results for the three and six months ended June 30, 2025, highlighted by a 40% increase in Q2 revenue to $22.1 million compared to $15.8 million in Q2 2024. Six-month revenues rose 30% year-over-year to $39.8 million. The quarter reflected continued momentum in the Company's Revenue Cycle Management (\"RCM\") segment, and disciplined execution of its capital-light business strategy. \"Our Q2 results underscore the power of our diversified business model,\" said Gordon Reykdal, Executive Chairman of Everyday People. \"With the successful integration of the acquisition of Commercial Collection Services Limited (\"CCS\") into our RCM platform and the pivot of EP Homes to the Borrowed Down Payment Program (\"BDPP\"), we are building recurring, capital-light revenue streams while preserving balance sheet strength. This positions us for sustained growth into the second half of 2025 and beyond.\" Key Financial Highlights for the Three Months Ended June 30, 2025Revenue: $22.1 million in Q2 2025, up 40% from $15.8 million in Q2 2024.$5.4 million increase from RCM services, primarily from the CCS acquisition and organic client growth.$1.6 million increase from EP Homes, driven by higher home sales (7 versus 5 in Q2 2024).$0.7 million decrease in Financial Services revenue due to an accounting policy change for supply chain operations.Six-month revenue: $39.8 million, up 30% year-over-year.Profitability:Net income of $0.8 million for Q2 2025 up from $0.1 million for the same period in 2024. Net income of $1.6 million for the first half of 2025 up from $0.9 million for the same period in 2024. Operating Cash Flow:$6.2 million cash provided by operating activities in the first half of 2025, up from $2.3 million for the same period in 2024.Balance Sheet Strength:Total assets increased to $73.0 million (December 31, 2024: $63.9 million).Shareholders' equity more than doubled to $16.1 million (December 31, 2024: $6.3 million).Adjusted EBITDA:Th...