DriveItAway Inc logged a notable top-line acceleration in QQ2 2026, signaling growing demand for its cloud-based Pay-as-You-Go platform that enables dealers to sell vehicles via eCommerce. Revenue reached 377,522 (USD thousands), representing a YoY gain of approximately 241.96% and a QoQ increase of about 33.76%. Despite the revenue momentum, the quarter delivered a pronounced operating and net loss, underscored by a substantial non-operating expense burden and a negative EBITDA. Net income registered at -1,520,029 (USD thousands), with EBITDA at -144,702 and an EBITDARatio of -0.3833, illustrating a disconnect between top-line growth and profitability in the near term. The gross margin stood at 14.5% (54,797 gross profit on 377,522 revenue), indicating that the business is not yet monetizing scale efficiently within its current cost structure.
Key Performance Indicators
Revenue
Increasing
377.52K
QoQ: 33.76% | YoY: 241.96%
Gross Profit
Increasing
54.80K
14.51% margin
QoQ: -34.68% | YoY: 21.96%
Operating Income
Decreasing
-144.70K
QoQ: -1 526.23% | YoY: -14.97%
Net Income
Decreasing
-1.52M
QoQ: -376.94% | YoY: -186.99%
EPS
Decreasing
-0.01
QoQ: -322.22% | YoY: -112.77%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue analysis: 377,522 in QQ2 2026, up 241.96% YoY and 33.76% QoQ. Gross profit: 54,797, gross margin 14.52%. Operating income: -144,702, margin -38.33%. EBITDA: -144,702, margin -38.33%. Net income: -1,520,029, net margin (on reported revenue) approximately -402.6% (ratio shown as -4.026 in data, i.e., -4.026x). Earnings per share (basic/diluted): -0.01. Interest expense: -116,850 (likely a mix of interest-related items or negative interest income). Total other income/expenses net: -1,375,327. Weighted average diluted shares: 372,258,876. These figures underscore a pronounced profitability gap even as the top line grows, driven by heavy non-operating charges and ongoing investment in the platform and go-to-market costs.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
377.52K
241.96%
33.76%
Gross Profit
54.80K
21.96%
-34.68%
Operating Income
-144.70K
-14.97%
-1 526.23%
Net Income
-1.52M
-186.99%
-376.94%
EPS
-0.01
-112.77%
-322.22%
Key Financial Ratios
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