OBOOK Holdings Inc. Announces Full Year 2025 Financial Results

OBOOK Holdings Inc. reported its full year 2025 financial results, highlighting the completion of its OwlPay global settlement platform infrastructure. The company achieved several milestones in 2025, including its Nasdaq direct listing, expansion of U.S. money transmitter licenses to 39 states, and integration with key payment rails like Circle Payments Network and Visa Direct. Despite a reported revenue of $7.9 million for the full year, the company incurred a net loss of $31.9 million, largely due to significant non-cash share-based compensation expenses and listing-related costs. Operating expenses rose substantially to $32.4 million, primarily driven by these non-recurring items. However, excluding share-based compensation, the underlying operating loss improved, and adjusted marketing and sales expenses decreased due to operational efficiencies. The company also secured $10 million in convertible investment in April 2026 to support its global expansion. OBOOK Holdings Inc. is strategically positioning OwlPay for enterprise onboarding and commercialization in 2026, with a focus on generating international, transaction-based revenue.