Cashfree Payments India has reduced its consolidated net loss to INR 118.5 crore for the financial year ending March 2026, according to official company documents.
The financial technology firm Cashfree Payments India Private Limited reported a reduction in net loss to INR 118.5 crore for the financial year ended March 2026. Previously, in the preceding financial year (FY25), the company incurred a consolidated net loss of INR 154 crore.
The company's operating revenue showed significant growth, increasing by over 51 percent to reach INR 967.4 crore in FY26 compared to INR 640.1 crore in the previous fiscal period. Total revenue, including additional income of INR 5.04 crore, amounted to INR 972.5 crore for the reporting period.
On the other hand, total expenses rose to INR 1,090.9 crore in FY26, up from INR 794.7 crore in FY25. However, employee benefit expenses slightly decreased, falling to INR 239.3 crore from INR 243.4 crore the previous year.
Akash Sinha, Co-founder and CEO of Cashfree Payments, noted that FY26 was one of the most important years for the company. He emphasized that the company approached the INR 1,000 crore mark and achieved EBITDA profitability in March 2026. Sinha stated that the company's current focus is on maintaining EBITDA profitability throughout FY27 and transforming into a INR 3,000 crore company within the next two to three years, driven by growth in the Small and Medium Business (SMB) segment and cross-border payments.
The financial firm, supported by organizations such as SBI, Y Combinator, and Krafton, holds licenses from the Reserve Bank of India (RBI) for Payment Aggregator (PA), Cross-Border Payment Aggregator (PA-CB), and Prepaid Payment Instrument (PPI). Sinha previously stated that in FY26, cross-border operations reached a scale that significantly expanded the merchant base and strengthened work on AI-based infrastructure. He added that FY27 will be the year to demonstrate these results on an annual basis.
The company also reported that its active merchant base grew by 50 percent year-over-year in FY26, with this growth distributed across both corporate and Small and Medium Business (SMB) segments.