Cannabis-Focused Fintech POSaBIT Posts $1M Adjusted EBITDA In Q3 Despite YoY Revenue Dip

Cannabis-focused fintech company POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) reported third-quarter revenue of $2.4 million, down from $3.8 million in the prior year’s period.

Ryan Hamlin, co-founder and CEO, said the company announced its “first nearly $1M Adjusted EBITDA quarter.”

“POSaBIT continues to deliver strong quarterly results, gross margin dollars continue to grow, our cash in the bank is increasing and our recurring monthly revenue due to Point-of-Sale Saas growth was up 22% for the quarter,” Hamlin noted.

Q3 2025 Financial Highlight

• Net loss was $596,361 compared to $2.1 million loss in the prior year’s period.
• Adjusted gross profit totaled $2.96 million, up from $2.5 million adjusted gross profit in the prior year’s period.
• Adjusted EBITDA came in positive at $969,598, compared to an adjusted EBITDA loss of $241,727 in the third quarter of 2024.
• As of Sept. 30, the company had cash of $1.2 million compared to $805 thousand as of June 30, 2025.

Recent Operational Highlights

• The newly introduced POSaBIT eComm menu has received a strong market response, with quarter-over-quarter growth of 51%
• POSaBIT lowered its outstanding accounts payable by 41% sequentially.

POSAF Price Action

POSaBIT’s shares traded 2.00% higher at $0.051 per share at the time of writing on Friday morning.