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Lesaka Technologies, Inc.

Lesaka Technologies, Inc.

NASDAQ•LSAK
CEO: Mr. Ali Zaynalabidin-Haeri Mazanderani
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 1999-04-19
Lesaka Technologies, Inc. operates as a Fintech company, provides financial services solutions and software in Southern Africa. The company operates through two divisions, B2C Consumer and B2B Merchant Division. It operates a full-service platform that offers a range of solutions, including transactional accounts, lending, insurance, cash management, card acceptance, supplier payments, software services, and bill payments, as well as payment solutions and value added services. The company also engages in the sale of POS devices, SIM cards, and other consumables; and licenses of right to use certain technology developed by the company. It provides its services to formal and informal consumers, micro-merchants, merchants, and enterprise clients. The company was formerly known as Net 1 UEPS Technologies, Inc. and changed its name to Lesaka Technologies, Inc. in May 2022. Lesaka Technologies, Inc. was incorporated in 1997 and is headquartered in Johannesburg, South Africa.
Contact Information
4th Floor President Place, Cnr. Jan Smuts Avenue & Bolton Road Rosebank, Johannesburg, 2196, South Africa
27-11-343-2000
www.lesakatech.com
Market Cap
$361.57M
P/E (TTM)
-3.9
68.2
Dividend Yield
--
52W High
$5.58
52W Low
$3.39
52W Range
42%
Rank55Top 68.5%
3.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q1 2026 Data

Revenue

$171.45M+17.80%
4-Quarter Trend

EPS

$0.00+0.00%
4-Quarter Trend

FCF

$3.80M-146.95%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Revenue Growth Accelerates Total revenue reached $171.45M USD for the quarter, marking a strong 12% increase compared to prior year.
Operating Income Reversal Switched to Operating Income of $383K USD, reversing prior period operating loss of ($45K) through cost control.
Cash Flow Turnaround Net cash provided by operating activities was $8.92M USD, reversing prior period utilization of ($4.14M USD).
Consumer Segment Expansion Consumer segment revenue grew 45% to $30.58M USD, driven by strong lending product growth and fees.

Risk Factors

Selling Expense Inflation SG&A expenses increased sharply by 48% to $39.64M USD, primarily due to inclusion of recent acquisitions.
Amortization Expense Doubled Depreciation and amortization expense increased 105% to $12.89M USD following intangible asset recognition.
Cell C Investment Zeroed Investment in Cell C remains valued at $0.0 USD as the turnaround process continues for the asset.
Internal Control Weaknesses Disclosure controls and procedures were deemed not effective as of September 30, 2025, due to material weaknesses.

Outlook

Merchant Brand Unification Accelerating integration of Merchant brands under single Lesaka identity, expecting completion by February 2027.
Bank Zero Acquisition Costs Expects to incur further transaction costs of $0.3M USD related to the conditional Bank Zero acquisition.
Capital Expenditure Forecast Expects capital spending for Q2 2026 primarily for POS devices, vaults, and ATM infrastructure upgrades.
Debt Repayment Schedule Scheduled debt repayment of ZAR 150 million ($8.7M USD) expected in February 2026.

Peer Comparison

Revenue (TTM)

Rackspace Technology, Inc.RXT
$2.69B
-3.0%
Lesaka Technologies, Inc.LSAK
$685.60M
+19.5%
GoPro, Inc.GPRO
$650.75M
-27.4%

Gross Margin (Latest Quarter)

Veritone, Inc.VERI
95.9%
+24.6pp
Repay Holdings CorporationRPAY
75.7%
-2.5pp
Rekor Systems, Inc.REKR
63.4%
+19.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LSAK$361.57M-3.9-35.6%3.5%
RPAY$295.79M-2.7-15.3%36.1%
PAYS$289.58M38.819.2%2.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.3%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.04
|
Revenue:$166.00M
Reports
All Years

  • Form 10-Q - Q1 2026

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $171.45M+17.8%
    |
    EPS: $0.00+0.0%
    N/A

  • Form 10-K - FY 2025

    Period End: Jun 30, 2025|Filed: Sep 29, 2025|
    Revenue: $659.70M+16.9%
    |
    EPS: $-1.14-322.2%
    Miss

  • Form 10-Q/A - Q3 2025

    Period End: Mar 31, 2025|Filed: Sep 29, 2025|
    Revenue: $135.67M-1.8%
    |
    EPS: $-0.27+325.9%
    Miss

  • Form 10-Q/A - Q2 2025

    Period End: Dec 31, 2024|Filed: Sep 29, 2025|
    Revenue: $146.82M+2.0%
    |
    EPS: $-0.40+843.4%
    Miss

  • Form 10-Q/A - Q1 2025

    Period End: Sep 30, 2024|Filed: Sep 29, 2025|
    Revenue: $145.55M+6.9%
    |
    EPS: $-0.07-21.6%
    Miss

  • Form 10-Q - Q3 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|Refer to amended data

  • Form 10-Q - Q2 2025

    Period End: Dec 31, 2024|Filed: Feb 5, 2025|Refer to amended data

  • Form 10-Q - Q1 2025

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|Refer to amended data