RateGain announced robust financial results for Q3FY2026 (ended December 31, 2025), showcasing a 94% YoY revenue growth. The results mark the first full consolidation of Sojern following its acquisition. Operating Revenue hit INR 5,400.3 Mn, driven by DaaS and MarTech performance. Despite lower reported PAT due to amortization, EBITDA grew 42% YoY, and the company made significant headway in integrating Sojern’s AI capabilities.
Q3 FY26 Financial Highlights
RateGain Travel Technologies Limited announced its financial results for the third quarter of the financial year 2026, ending December 31, 2025. The quarter was marked by strong performance across its Data as a Service (DaaS) and Marketing Technology (MarTech) businesses. This period also incorporates the first full consolidation of Sojern’s financials following its acquisition in November 2025.
Key figures for Q3 FY26 compared to the same quarter last year:
- Operating Revenue: INR 5,400.3 Mn (+ 93.8% YoY) versus INR 2,787.1 Mn.
- Total Revenue: INR 5,565.9 Mn (+ 86.1% YoY) versus INR 2,990.4 Mn.
- EBITDA: INR 871.2 Mn (+ 41.7% YoY) versus INR 614.7 Mn.
- EBITDA Margin: 16.1% versus 22.1%.
- Reported Profit After Tax (PAT) stood at INR 264.5 Mn (a decrease of 53.2% YoY) due to increased amortization costs related to the Sojern acquisition and a one-time exceptional expense.
- Adjusted PAT (excluding the one-time expense) was INR 610.7 Mn, representing an 8.0% increase year-on-year.
Strategic Integration and Operational Strength
The integration of Sojern has significantly expanded RateGain’s global marketing scale, deepening its media activation and traveler intelligence capabilities. The company highlighted the rollout of an enhanced AI Concierge solution with Red Roof during the quarter, reinforcing its commitment to AI-driven customer engagement tools.
RateGain generated strong cash flows, with Cash Flow from Operations on a Year-to-Date (YTD) basis reaching INR 1,517.4 Mn. Leveraging this organic strength, the company repaid nearly 20.2% of its acquisition-related debt, amounting to USD 25.25 Mn.
Bhanu Chopra, Founder and Managing Director, emphasized that the Sojern acquisition was one of RateGain’s largest strategic moves, positioning it as a category-leading AI-driven travel tech provider serving over 13,000 travel brands globally.
Nine Months FY26 Performance Summary
For the nine months ending December 31, 2025, the company reported substantial growth:
- Operating Revenue: INR 11,080.0 Mn (+ 35.8% YoY).
- Total Revenue: INR 11,667.7 Mn (+ 33.8% YoY).
- EBITDA: INR 1,904.2 Mn (+ 11.1% YoY).
- EBITDA Margin: 17.2% versus 21.0%.
Organizational Growth and Recognition
RateGain continues to prioritize organizational depth, growing its global team to over 1,250+ employees. The company highlighted its focus on embedding AI into internal workflows. Furthermore, RateGain was certified as a Great Place to Work® for the seventh consecutive year and received recognition as Emerging Company of the Year at the ET Corporate Excellence Awards.
Source: BSE
