forward Dee about and our sharing I details good second the March for everyone. ending morning Thanks, also and XX, quarter. will look I financial guidance for discuss performance outlook record first the to XXXX. quarter our to
adjusted will be versus please in references referring XXXX. to the otherwise quarterly As all we of through that first unless note referred financials, XXXX were of quarter stated, the quarter going results first the I to period
financials will MoneyLion’s filing. April I be that in that our want announced available one one April XX-Q in approved reverse stock Board XXst, Directors stockholder A to of XX approval recent XX-Q. consolidated highlight MoneyLion’s are of GAAP common Our stock our Class we XXth. for reconciliations a also development On release available non-GAAP and split earnings following in today’s will reflected and be on
quarter Now result performance to of fundamental as and shifting lifecycle during of great our strategy. acquisition customer XXXX. quarter, to gears the a results continue our we see first Each
marketing dollars including influencers, a paid of or of point first digital. our of customers set top funnel, and deployed with with marketplace, Starting our we our channels, diverse brand organic contact over
represents In submitted the channels which business about translated into for first the and inquiries, marketplace these the website. quarter, installs users number across MoneyLion customer million have our products of consumer financial via registered app MoneyLion XX applications total
a inquiries million the total into million X.X customers record X.X customers of of consumer to of are translated quarter then the XXXX. end These total new by leading first
proprietary mix marketplace sell the opportunities scalable through a even going strategy a coming projected seeing cross come represent higher shift our LTV pack, and but increasing monetization are an channel, customers present of which with better We higher in highly forward. in
need product XX.X offers all consumers X.X leading to one enables incremental products place, drive of strong products, which total what breadth the third-party of end of Our million our in value. by million first vast total consumer XXXX. consumed find they the quarter first helps our We added lifetime and to
at the a for look unit take quarter. let’s Now our economics first
the As million in mentioned, new X.X a added customers quarter. we total record first
first in our it down loaded quarter XXXX, CAC quarters. was from $XX recent from Our the while under uptick this quarter, first is point the an is fully
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our ARPU market our as a acquisition in lower reflects months This first quarter of in quarter playing segment to estimate and even officially is of ARPU in strong from synergy quarter period the out three XXXX. we still of of market the key payback the We mass that was at acquire the for XXXX. financial share. $XX approximately customers level $XX take fourth compared first
the our our decisions through positioning broad from just segment the authentically of both a with This products. marketplace. with helping related is make monetizing products to of This in aligns engage first-party consumers third TAM right financial expanding population MoneyLion away strategic money and
our on product our outcomes, of customers which and lifetime vast more our customers. we higher platform, better our value overtime. drives this products drive third-party for will and as first offer taking products options we More More of reflects believe are the their number customers
seeing accretive channel, mentioned products we of our overtime. lifetime As value content then through acquiring earlier, benefits marketplace are monetizing retaining and and intent customers high breadth of through
result, high from we XX% continue in of product with our recurring first first over consumer. XXXX, the testament market fit. a revenue see came In a of As our to starting quarter, of historical levels cohorts, quarter to revenue the adjusted consumer
our in As to they consistently customers adjusted majority revenue, joined after from continue cases, historical see, years some of drive cohorts you can our the platform.
enterprise on from XX% Over our our came of enterprise adjusted prior business Now revenue for cohorts. year to business.
let that charts on me are some While up cohort. to see we take right, a XXXX provide the color moment all our to to like
the knows, with XXXX, market the U.S. in onset significant enacted pandemic, stimulus rate dollars zero of of the digital at in lenders and emergence policy the that the well, on interest platform. our As resulted flooded everyone a
year, we levels lenders in the available have marketplace. product some discussed impacted As originations last of the reduced these which inventory of
in of products levels XXXX While short-term was a marketplace, there cohort. the continue of record see impact we to the demand for
direct non-personal the the As Dee summary, enterprise well a marketplace and expanded products technology level is result a product business growth. offering. was delivering of in volatile we lending by in business offset the mentioned, demand consumption record our as materially platform, well for flexible future environment. marketplace this us the most macro executing really of In the face is a of in positions This rapidly
combined the profitable consumer saw million steady, driven was the by were achieved strength originations our XX% in continued which growth. path channels increase to The in We distinct acquisition quarter. and our in XXX leveraging performance Total quarter. year-over-year fuel first AI optimizations, first origination to
great X% of the range outcome Our benefit reflective is provision of a and expense low of originations as to to is the X.X% our target in expense below XXXX. historical which provision percentage end was first cohorts, of first quarter This in in of X%. a outperforming the quarter, a resulting our
to to we as a range provision prioritize Going will be manage to for growth customers target consistent quality and profitability, our we powerful continue our forward, originations highest within X%. of our X% lever to expect
marking revenue exceeded Adjusted the XX to year-over-year quarter to XX our XX guidance another for of This quarter strong million, for grew million. MoneyLion. million XX%
was performance by consumer strong revenue. Our driven record
by the are face impacted marketplace, achieving growth. of emboldened anticipated business headwinds positions the we enterprise macro beat future the class, Importantly, in the Lending revenue Asset which for that
alongside consumer mix. This spectrum having to segments. see We business. an of is business cover benefit enterprise BXC BXB of consumer That in the this to business our combined broad a BXC a theme
in our fourth increase XX% XX% business contributed across in the adjusted our consumer mix to the in to XXXX. from the consumer business first overall revenue Our first up of quarter quarter. Strength the contributed of the quarter
contributed from XX% adjusted in revenue down prior the XX% of quarter, business the enterprise quarter. in our first Our
Looking take to within market margins lower share guidance made strategic that for due us at range, adjusted to position the to enterprise we decisions margins lower period gross growth. driven future for gross gross by our were profit the
a even quarter negative consecutive to the guidance marked XXXX XXXX, Adjusted our XX QX first seven quarter exceeded adjusted milestone. negative improvement. the of adjusted positive quarter. of EBITDA compared first our million path as This the quarter significant our of million onto in profitability. was was Xth four in break company, quarter first first to a EBITDA to our EBITDA million Now of public and for
XX driven Margin partially improvement well strong of annualized cost as performance quarter the by in million first consumer business, realizing our we the quarter in quarter full was first benefits of in XXXX. our synergies the as of action fourth from
synergies profitable expect in for further growth. acquisition positioning us and to revenue cost realize We related XXXX,
to XXX Lastly, through million and progress flow we we generation. cash quarter, cash sustainable with operating positive of continue cash consecutive ended and the for expect second first flow quarter generated a to
Based our on items a first-party how products few to balance a to tie walk take order and model our capital on feedback in light like marketplace through from sheet. investors, sheet would I to to moment our balance clarify of select
MoneyLion directly On this those amounts sheet, vehicles slide, by MoneyLion. balance we consolidated from have selected between broken purpose or lines at held held Inc’s special out and SPVs,
sheet platform. like finance would Inc’s entered MoneyLion Here receivables held have Note at on credit are with some includes SPVs, clarify. then SPVs. held that items X, third-party areas facilities consumer into which amounts we to our in we consolidated balance lenders to utilize originated
sheet gap These sheet amounts the represent consolidated balance into balance see that sum are in consolidated financial our you accounting The two the our statements. amounts purposes. for of
is end processors Note held first We the directly processor. XX payment had about Effectively, as of MoneyLion’s onto receivables balances. Now receivable X from payment million in of transit. from the this quarter. cash
held MoneyLion. of represent balance by revenue. receivables loss The compares with consolidated to net reserves that sheet. held to by Note by consumer XXX our receivables directly We quarter consumer and directly expected ended of of held Note million receivables on majority this receivables million tied fee MoneyLion XX subscription X, consumer the MoneyLion.
on majority the end of Now and total first held balances This the consumer debt. facilities a sheets of quarter. receivables shifting in accounting. about SPV and see is Note XXX the was assets SPVs. our under to you other balance of at held consumer balance million There receivables balance of GAAP the credit X, the consolidated
balance related principal principal recourse finance principal were and is other up collections SPVs instant the Importantly, receivables, cash lenders only to third-party collected these and by additional receivables cash receivables loan interest. to debt future the of represent amounts main pledged and the have
SPVs the was see on balance million amount you XXX seen Next, the end held of in entire that other the quarter. about at debt will at represents there MoneyLion’s of first sheet. This consolidated debts other
loans. effectively XXXX. Lastly which in pay towards million debt in next XX with you loans with see on X, the sheet amended proactive in residual of the expense, April represent step we secured profitability. another MoneyLion’s six-months, important to over debt, consolidated step due about Note we March down loans, MoneyLion’s quarter XX late unsecured ended corporate in order balance corporate secured will This the our company’s balance million the interest reduces The
lower at first our class Adjusted million, growth. quarter gross results. and enterprise expanded to our high gross was as guidance in we the was was which asset driven future the of by the which our versus end end of gears share guidance for traded opportunistically off our of offering XX enterprise Adjusted guidance Shifting XX million low revenue market margins million. locking margins exceeded profit margin range XX XX%,
had costs anticipate our the EBITDA levels we for that quarter guidance the historical to end also of of to range high our in was in break We reverting X This million. the higher also slightly quarter. for processing negative Adjusted exceeded QX. even first
a our to metrics. our outlook, reported turning note Before non-GAAP quick on
quarter, measure revenue performance the we business that going are and revenue we key metrics During performance will and the to profitability that gross use profit determined GAAP evaluate forward.
As gross provide forward. profit gross revenue adjusted longer profit instead and and GAAP financial a MoneyLion result, financial no using guidance and will guidance going using adjusted revenue provide will
the Now, our of guidance for quarter through second XXXX.
million XX growth. year-over-year of of revenue and to GAAP XX% consistent expect X% million profitable to XXX reflecting We
to the mentioned mass Dee both of offerings technology. our market talent with incredibly reflects and of earlier, our As manage well resilience ability the our this performance and help
range gross margin to expect the in of XX% We profit XX%.
as share in we Our first XXXX and growth. line future increase marketplace with quarter market to enterprise drive continue guidance margin roughly to reflects the of breadth gross product
the in driven expense adjusted optimizations, one a as in eight adjusted realize as well creating the acquisition benefit. QX million In to range of EBITDA expect as we million. part quarter We provision by to from AI was the business reduction synergies EBITDA optimizations performance first
as provision back range in target percentage to QX. originations of expect expense We with be a our
positive EBITDA public full-year as full-year for adjusted continue company. a Lastly, EBITDA first the to of profitability we XXXX, our adjusted expect of marking
We propelling immensely dedication steady, are MoneyLion proud team’s in of profitable growth. the
With that, it for I Dee remarks. to over will closing back turn
