super.money FY26 Revenue Triples to Rs 292.4 Crore
The Flipkart-backed UPI app also saw its net loss widen to Rs 263.8 crore as marketing spend hit Rs 341 crore.
Key Takeaways
- Operating revenue rose to Rs 292.4 crore from Rs 88.8 crore, about 3.3 times
- Net loss widened about 78% to Rs 263.8 crore
- Total expenses rose about 130% to Rs 557.1 crore
- Marketing cost Rs 341 crore, more than total operating revenue
- The loan marketplace gave about 85% of revenue
super.money, the UPI payments app backed by Flipkart, more than tripled its operating revenue in FY26. Revenue from operations rose to Rs 292.4 crore from Rs 88.8 crore a year earlier, but the net loss also widened to Rs 263.8 crore.
Spending grew faster than income. Total expenses rose about 130% to Rs 557.1 crore, and marketing alone cost Rs 341 crore, more than the company's whole operating revenue for the year.
super.money FY26 results at a glance
| Detail | Value |
|---|---|
| Operating revenue, FY26 | Rs 292.4 crore |
| Operating revenue, FY25 | Rs 88.8 crore |
| Net loss, FY26 | Rs 263.8 crore |
| Net loss, FY25 | Rs 147.8 crore |
| Total expenses, FY26 | Rs 557.1 crore |
| Total expenses, FY25 | Rs 241.8 crore |
| Business promotion (marketing) spend, FY26 | Rs 341 crore |
| Employee benefit expense, FY26 (about) | Rs 138.1 crore |
| Share of revenue from loan marketplace | About 85% |
Where super.money's revenue and costs come from
super.money is a consumer UPI app backed by Flipkart. It earns most of its money not from payments but from its loan marketplace, which brought in about 85% of operating revenue in FY26. That means the app is used to bring in customers, and lending offers sold on it pay the bills.
On the cost side, marketing was the biggest line at Rs 341 crore, about 61% of total expenses (341 divided by 557.1). Employee benefits were about Rs 138 crore. Put simply, the company spent about Rs 1.9 for every Re 1 of operating revenue it earned.
| When | What happened |
|---|---|
| FY25 | Operating revenue of Rs 88.8 crore, net loss of Rs 147.8 crore, total expenses of Rs 241.8 crore |
| FY26 | Operating revenue of Rs 292.4 crore, net loss of Rs 263.8 crore, total expenses of Rs 557.1 crore |
| September 2026 | UPI volume on the app stayed above 400 million transactions |
Why a bigger loss can still come with faster growth at super.money
The loss grew by about 78%, from Rs 147.8 crore to Rs 263.8 crore, while revenue grew about 3.3 times. So the loss is smaller against each rupee of revenue than before: it was larger than revenue in FY25 (Rs 147.8 crore on Rs 88.8 crore) and is now a little under it (Rs 263.8 crore on Rs 292.4 crore).
For founders building consumer fintech apps, the numbers show the usual trade: heavy marketing buys users first, and a lending or other paid product has to cover the cost later. Relying on one line, here loans at about 85% of revenue, is a risk if lender appetite changes.
Will super.money's marketing spend start to shrink against revenue?
The next test is whether revenue keeps growing faster than expenses. FY26 marketing spend was much higher than the year before, so any slowdown in that spending would show up quickly in the loss figure.
