Firy Inc. reported $31.0 million in revenue for the second quarter 2026, representing 23% year-over-year growth and 6% sequential improvement. The results signify a transition from turnaround to growth, driven by record RZR segment performance and disciplined cost management that narrowed losses despite declining total user counts.
Key Highlights
- The RZR segment passed $10 million in quarterly revenue for the first time, delivering its fourth consecutive profitable quarter and fueling overall growth.
- Adjusted EBITDA loss, excluding litigation expenses, narrowed to $2.7 million, representing a 63% improvement from the previous quarter.
- The company secured a $719 million disgorgement judgment against Papaya Gaming, which has since filed for Chapter 15 bankruptcy protection.