Propel Holdings, a consumer lender based in Canada, but has operations in the US as well, announced a strong quarterly results for the Q4 2025. Revenue increased by 21% YoY to $155.8 million in Q4 2025, and increased by 31% YoY to $589.8 million for fiscal 2025.
Ending consumer loans receivable increased by 23% YoY in Q4 2025 to $589.5 million, a record ending balance for the lender. Clive Kinross, Chief Executive Officer said: “In Q4, we maintained our tighter underwriting posture from Q3 while navigating a dynamic environment, including the protracted US government shutdown. As credit performance improved, we accelerated originations in December. With the recent launch of Propel Bank and our partnership with Column on track to launch in the first quarter, we are expanding our geographic reach, enhancing our product capabilities and strengthening our partnership model. We believe these initiatives and the strengthened credit performance in Q1 have positioned us well for robust profitable growth in 2026 and beyond.”
Key points to note from the earnings report – i) Strong seasonal consumer demand and improved late-quarter credit performance in North America drove record quarterly loan originations, portfolio balance and revenue. ii) Achieved record originations from returning and existing customers, which represented 57% of total originations in Q4 2025.
Expects the total revenue to grow in the range of 20-25% in the year 2026 with the portfolio balances are also expected the same range growth in the current year.
Source: Propel