Swvl reports 68% revenue rise in Q1 2026, narrows operating loss
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Swvl Announces Q1 2026 Results; Revenue Up 68%; GCC Revenue Up 111%; Dollar-Pegged Revenue Up 111% and Net Dollar Retention of 114%
June 16, 2026 8:15 AM EDTRevenue grew 68% year-over-year to $8.2M; GCC revenue more than doubled (+111%)
Gross profit grew by 63% year-over-year to $1.6M
Operating loss narrowed 71% to $0.17M (operating margin of -2%) from $0.59M (operating margin of -12%), approaching operating breakeven
Recurring revenue rose to 88% of total; dollar-pegged revenue reached 44% of total (+111%)
NDR of 114%
Operating expenses fell to 23% of revenue from 34%, reflecting continued operating leverage
DUBAI, United Arab Emirates, June 16, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (Swvl or the Company, and... More
