Bengaluru-based fintech company FamPay Solutions Private Limited, which operates the financial app FamApp, reported a 20.5% year-on-year (YoY) increase in revenue from operations to Rs 25.02 crore in FY26, compared with Rs 20.75 crore in FY25. However, rising employee and operating expenses weighed on profitability, causing profit before tax (PBT) to decline by nearly 99% to Rs 4.8 lakh in the financial year ended March 2026.

Key Highlights

• Financial app FamApp's operating revenue increased 20.5% to Rs 25.02 crore in FY26 from Rs 20.75 crore in FY25.
• Profit before tax declined nearly 99% to Rs 4.8 lakh as total expenses rose 34.7%.

According to the company's standalone financial statements, total income increased 13.1% to Rs 35.23 crore in FY26. This included Rs 5.01 crore in interest income and Rs 5.2 crore in gains from the sale of investments.

FamApp Revenue Grows 20.5% to Rs 25.02 Crore in FY26

FamApp's operating revenue increased to Rs 25.02 crore in FY26 from Rs 20.75 crore in the previous financial year, reflecting continued growth in its business operations.

Including interest income and gains from investment sales, the company's total income reached Rs 35.23 crore, up 13.1% from the year-ago period.

However, the increase in income was accompanied by a faster rise in expenses, putting pressure on the company's profitability.

FamApp Expenses Rise 34.7% as Employee and Operating Costs Increase

FamPay Solutions' total expenses increased 34.7% to Rs 35.18 crore in FY26, compared with the previous financial year. The growth in expenses outpaced the increase in operating revenue.

Employee benefit expenses rose 23.3% to Rs 16.16 crore, while other expenses increased 47.1% to Rs 18.45 crore. Technical fees, a component of operating expenses, climbed 82% to Rs 10.22 crore during the year.

The increase in employee costs and other operating expenses significantly affected the company's earnings.

FamApp Profit Before Tax Falls 99% in FY26

The sharp increase in expenses resulted in a steep decline in FamApp's profitability. Profit before tax fell to Rs 4.8 lakh in FY26 from Rs 5.04 crore in FY25, marking a decline of nearly 99%.

The financial performance highlights the pressure on the company's earnings despite growth in operating revenue. The widening gap between revenue growth and expense growth also puts greater focus on cost management and operating efficiency.

FamApp Cash Reserves Increase to Rs 61.83 Crore

FamPay Solutions reported cash and cash equivalents of Rs 61.83 crore as of March 2026, compared with Rs 20.62 crore a year earlier.

However, its current investments declined to Rs 26.5 crore from Rs 54.6 crore during the same period.

The balance sheet indicates an increase in cash holdings alongside a reduction in current investments. These figures provide a view of the company's standalone financial position at the end of FY26.

FamApp's Financial Performance Follows Changes in Its Ownership Structure

The latest financial results come amid changes in FamApp's ownership and business structure. In June 2025, reported that Elevation Capital led a $15 million secondary funding round in the company, with a significant portion of the investment reportedly used to purchase shares held by co-founder Kush Taneja.

Taneja subsequently exited the company. The transaction marked a change in the company's shareholder structure as FamApp continued to develop its fintech business.

Also Read: Moneyview Q2 Results: Net Profit Soars 415% to Rs 201 Crore

FamApp Faces the Challenge of Balancing Growth and Profitability

FamApp's FY26 performance reflects a business that has continued to grow its operating revenue while facing pressure from rising costs. Although total income increased during the year, the faster expansion in expenses resulted in a sharp fall in profit before tax.

The company's cash and cash equivalents of Rs 61.83 crore provide an important indicator of its financial position. Going forward, the ability to manage employee costs, technical fees and other operating expenses while sustaining revenue growth will be important to its financial performance.

It is important to note that the figures discussed above are based on FamPay Solutions Private Limited's standalone financial statements and do not represent consolidated results.