Results · Enterprise Software & IT
MathCo’s FY26 revenue rises 23.7% to Rs 621 crore, profit falls 94%
By Startup Enthusiast ·
- Date
- Company
- MathCo
- What it does
- AI and machine learning solutions for data analytics
- Kind
- Results
- Based in
- Bengaluru
- Founded
- 2016
- Sector
- Enterprise Software & IT
What they do
MathCo provides AI and machine learning solutions that help organisations use data and analytics to generate business insights and support data-driven…
What happened
In FY26, MathCo reported a 23.7% year-on-year increase in revenue to Rs 621 crore, but its profit after tax fell 94% to Rs 3.83 crore due to higher expenses
Why it matters
Employee-related expenses rose 33% to Rs 497 crore, accounting for 80% of total expenses, which increased 41.4% to Rs 628 crore
The details
- MathCo reported a 23.7% year-on-year increase in revenue from operations to Rs 621 crore in FY26, compared with Rs 502 crore in FY25.
- Profit after tax fell 94% during the year to Rs 3.83 crore, as expenses increased at a significantly faster pace than revenue.
- Employee-related expenses rose 33% to Rs 497 crore, accounting for around 80% of the company’s total expenses.
- Total expenses increased 41.4% to Rs 628 crore in FY26, compared with Rs 444 crore in FY25.
- Other income from interest and similar sources added Rs 29 crore to total revenue, bringing it to Rs 650 crore in FY26.
- Return on capital employed (ROCE) stood at -2.78%, while EBITDA margin was 1.81% during the year.
- Unit economics showed that MathCo spent Rs 1.01 to generate every rupee of operating revenue in FY26.
The bigger picture
- MathCo is an AI and machine learning solutions provider that helps organisations use data and analytics to generate business insights and support data-driven decision-making.
- Revenue from operations remained the company’s only source of operating income during FY26.
- The company’s financial performance comes as it continues to operate in the enterprise AI and analytics space.
- MathCo has raised around $53 million in funding to date, with Brighton Park Capital and Patni Wealth Advisors holding around 16% and 13% stakes, respectively.
The deal
- Type
- results
Investors
- Brighton Park Capital (investor) — Holding around 16% stake in MathCo.
- Patni Wealth Advisors (investor) — Holding around 13% stake in MathCo.
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