Results · Professional & Local Services

Mygate narrows loss, achieves EBITDA breakeven in FY25

By Startup Enthusiast · 27 February 2026

What they do

Mygate provides a SaaS platform for gated communities, used by nearly 5 million homes

In FY25, net loss fell 61% to ₹15.4 crore, while operating revenue rose 80% to ₹173.5 crore

The company turned EBITDA positive and expects FY26 revenue growth of 25-30%

Mygate reported a net loss of ₹15.4 crore for FY25, down 61% from ₹39.7 crore in FY24.
Operating revenue grew 80% to ₹173.5 crore from ₹96.2 crore in FY24.
The company achieved adjusted operating EBITDA breakeven at ₹40 lakh in FY25.
Before ESOP and stock-related expenses of ₹22.5 crore, Mygate posted a profit of ₹7.1 crore on a PBT basis.
Total expenses rose 36% to ₹202.1 crore from ₹148.9 crore in FY24.
Employee benefit expenses increased 18.7% to ₹97.2 crore, and advertising expenses nearly tripled to ₹12.3 crore.
IT expenses grew 15.2% to ₹15.9 crore.

Mygate's shift to sustainable growth is reflected in its narrowed loss and EBITDA breakeven.
The company expects FY26 revenue growth of 25-30% and adjusted EBITDA margin above 5%.
Smart lock hardware, launched in October 2024, is expected to contribute 7-9% of FY26 revenue.

Mygate offers a SaaS platform used by nearly 5 million homes in gated communities.
It earns 65-70% of total income from brand advertising on its app.
The company built an in-house ad platform for targeted campaigns by city, society, or individual home.
The remaining 30-35% of revenue comes from SaaS subscriptions and smart home hardware.
Mygate entered the smart lock segment in October 2024.
Smart locks are manufactured in China, with product design and quality checks controlled by Mygate; user data is stored in India on AWS.
Mygate has integrated with ecommerce and quick commerce platforms to reduce delivery wait times at society gates.

Mygate expects FY26 revenue growth of 25-30% year-on-year.
It expects FY26 adjusted EBITDA margin to exceed 5%, up from under 1% in FY25.
The company plans to deepen features rather than enter new verticals immediately.
Smart lock hardware is expected to contribute 7-9% of FY26 revenue.

Product: Integrated platform for resident management, visitor access, finances, amenities, communications and security
Customers: Residential welfare associations and residents in gated communities
How it makes money: SaaS platform subscription with brand engagement and advertising revenue
What sets it apart: Established platform serving millions of homes with integrated ecosystem
Operations: Digital platform with household calendar payments and community features