last updated Aug'26@ 88
FY: Apr–Mar@ 88
As of

Net revenue

11.6$ mn
YoY▲34.5%
AOP12−4.0%
VP13−11.2%

Orders booked

1,494
YoY▲28.6%
AOP1,562−4.4%
VP1,693−11.8%

Average order value

9.63$ K
YoY▲3.7%
AOP9.56+0.8%
VP9.55+0.9%

Gross margin

40.4%
YoY▲1.7pp
AOP43.2%−2.8pp
VP45.4%−5.0pp

Contribution margin (%)

27.2%
YoY▲2.1pp
AOP30.4%−3.2pp
VP33.1%−5.9pp

EBITDA margin

4.5%
YoY▲5.8pp
AOP8.6%−4.1pp
VP12.8%−8.3pp

Cash & runway

Cash balance66.9$mn+0.3/mo · avg of 3Runwayn/acash positive

Net revenue

11.6$ mn · Aug ’26
051015$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’246.87.27.25
Oct ’247.788.15.6
Nov ’247.57.985.6
Dec ’247.37.57.65.1
Jan ’257.47.87.95.3
Feb ’257.17.57.75
Mar ’258.28.896.1
Apr ’257.36.97.75.1
May ’257.77.28.15.5
Jun ’257.67.58.55.6
Jul ’258.2896.1
Aug ’258.68.49.66.4
Sep ’259.18.910.16.8
Oct ’2510.51011.37.7
Nov ’25109.811.27.5
Dec ’259.79.310.67.3
Jan ’269.79.610.97.4
Feb ’269.49.210.77.1
Mar ’2611.210.812.48.2
Apr ’269.89.810.67.3
May ’269.810.311.17.7
Jun ’2610.210.811.67.6
Jul ’2610.711.312.38.2
Aug ’2611.612138.6

GMV booked

14.4$ mn · Aug ’26
051015$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’248.69.19.26.4
Oct ’249.910.210.37.3
Nov ’249.61010.27.3
Dec ’249.49.59.76.6
Jan ’259.49.9106.8
Feb ’2599.59.86.2
Mar ’2510.511.211.47.8
Apr ’259.48.89.86.6
May ’259.69.210.26.9
Jun ’259.49.510.77.2
Jul ’2510.310.111.47.8
Aug ’2510.810.6128.2
Sep ’2511.311.212.78.6
Oct ’2513.212.614.29.9
Nov ’2512.612.3149.6
Dec ’2512.211.613.39.4
Jan ’2612.211.913.69.4
Feb ’2611.811.513.39
Mar ’2613.713.515.510.5
Apr ’2612.412.313.39.4
May ’2612.212.813.99.6
Jun ’2612.913.514.59.4
Jul ’2613.41415.310.3
Aug ’2614.414.916.210.8

Orders booked

1,494orders · Aug ’26
05001,0001,500ordersPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’249571,0091,020748
Oct ’241,1141,1261,136856
Nov ’241,0731,1081,125805
Dec ’241,0391,0411,068754
Jan ’251,0381,0861,096781
Feb ’259811,0471,070716
Mar ’251,1571,2211,250881
Apr ’251,0189511,065749
May ’251,0341,0061,112775
Jun ’259961,0281,163798
Jul ’251,1291,0901,228857
Aug ’251,1621,1471,296919
Sep ’251,2111,2041,369957
Oct ’251,4231,3531,5231,114
Nov ’251,3421,3181,5031,073
Dec ’251,2791,2431,4191,039
Jan ’261,3081,2711,4521,038
Feb ’261,2311,2331,418981
Mar ’261,4501,4201,6421,157
Apr ’261,3111,2961,4021,018
May ’261,2721,3571,4621,034
Jun ’261,3111,4181,523996
Jul ’261,3651,4801,6091,129
Aug ’261,4941,5621,6931,162

Average order value

9.6$ K · Aug ’26
05$ KPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’249998.6
Oct ’248.9998.5
Nov ’248.99.19.19.1
Dec ’2499.19.18.8
Jan ’2599.19.18.7
Feb ’259.29.19.18.7
Mar ’259.19.19.28.8
Apr ’259.29.29.28.8
May ’259.29.19.28.9
Jun ’259.59.29.29
Jul ’259.19.39.29.1
Aug ’259.39.39.38.9
Sep ’259.39.39.39
Oct ’259.39.39.38.9
Nov ’259.49.39.38.9
Dec ’259.59.39.49
Jan ’269.39.49.49
Feb ’269.69.39.49.2
Mar ’269.59.59.49.1
Apr ’269.59.59.59.2
May ’269.69.49.59.2
Jun ’269.99.59.59.5
Jul ’269.89.59.59.1
Aug ’269.69.69.59.3

Gross profit

4.7$ mn · Aug ’26
0246$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’242.62.931.8
Oct ’242.93.33.32.1
Nov ’242.93.33.32.1
Dec ’242.83.13.22
Jan ’252.93.33.32.1
Feb ’252.73.13.31.8
Mar ’253.23.73.82.4
Apr ’252.92.83.32
May ’2532.93.52
Jun ’25333.62.1
Jul ’253.43.23.92.3
Aug ’253.33.44.12.5
Sep ’253.63.64.42.6
Oct ’254.24.152.9
Nov ’25444.92.9
Dec ’2543.84.72.8
Jan ’263.93.94.92.9
Feb ’263.83.84.82.7
Mar ’264.64.55.63.2
Apr ’264.14.24.82.9
May ’2644.45.13
Jun ’264.24.75.33
Jul ’264.54.95.63.4
Aug ’264.75.25.93.3

Gross margin

40.4%Aug ’26
0%20%40%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2438.1%40.9%41.0%35.7%
Oct ’2438.0%41.2%41.4%37.1%
Nov ’2439.1%41.9%41.5%37.1%
Dec ’2438.4%41.3%41.8%39.1%
Jan ’2539.4%41.8%42.0%38.8%
Feb ’2538.2%41.6%42.1%36.6%
Mar ’2539.3%42.1%42.2%38.9%
Apr ’2539.2%40.5%42.6%38.5%
May ’2538.3%40.5%42.7%37.4%
Jun ’2538.7%40.4%42.8%38.0%
Jul ’2541.4%40.7%43.1%37.7%
Aug ’2538.7%40.9%43.1%39.5%
Sep ’2539.6%41.0%43.6%38.1%
Oct ’2540.4%40.6%43.9%38.0%
Nov ’2540.3%40.9%44.2%39.1%
Dec ’2541.8%40.9%44.4%38.4%
Jan ’2640.1%41.2%44.8%39.4%
Feb ’2640.0%41.1%44.8%38.2%
Mar ’2641.1%41.5%44.9%39.3%
Apr ’2641.3%42.8%44.9%39.2%
May ’2640.9%42.9%45.4%38.3%
Jun ’2641.3%43.5%45.5%38.7%
Jul ’2642.4%43.1%45.6%41.4%
Aug ’2640.4%43.2%45.4%38.7%

Contribution margin

3.1$ mn · Aug ’26
024$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’241.61.91.91
Oct ’241.82.22.21.2
Nov ’241.82.22.21.2
Dec ’241.72.12.11.2
Jan ’251.82.22.21.3
Feb ’251.72.12.21.1
Mar ’252.12.52.61.5
Apr ’251.81.82.31.2
May ’251.91.92.41.2
Jun ’251.922.51.3
Jul ’252.22.12.71.4
Aug ’252.22.32.91.6
Sep ’252.32.43.11.6
Oct ’252.82.73.51.8
Nov ’252.62.73.51.8
Dec ’252.72.63.41.7
Jan ’262.62.63.51.8
Feb ’262.52.63.41.7
Mar ’263.1342.1
Apr ’262.72.93.51.8
May ’262.73.13.71.9
Jun ’262.93.33.91.9
Jul ’263.13.44.12.2
Aug ’263.13.74.32.2

Contribution margin (%)

27.2%Aug ’26
0%10%20%30%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2423.8%26.9%26.9%20.4%
Oct ’2423.6%27.2%27.4%21.9%
Nov ’2424.5%28.0%27.5%21.8%
Dec ’2423.8%27.5%27.9%24.1%
Jan ’2525.1%28.1%28.3%23.9%
Feb ’2524.0%27.8%28.5%21.6%
Mar ’2525.1%28.5%28.6%23.9%
Apr ’2525.1%26.4%29.1%23.6%
May ’2524.2%26.6%29.3%22.3%
Jun ’2524.6%26.5%29.5%23.3%
Jul ’2527.5%26.9%29.8%23.3%
Aug ’2525.0%27.1%29.9%24.8%
Sep ’2525.9%27.3%30.5%23.8%
Oct ’2526.6%27.0%30.9%23.6%
Nov ’2526.5%27.2%31.3%24.5%
Dec ’2528.2%27.4%31.6%23.8%
Jan ’2626.5%27.7%32.0%25.1%
Feb ’2626.5%27.7%32.2%24.0%
Mar ’2627.5%28.2%32.3%25.1%
Apr ’2627.5%29.8%32.4%25.1%
May ’2627.3%30.0%33.0%24.2%
Jun ’2627.9%30.5%33.1%24.6%
Jul ’2629.2%30.2%33.3%27.5%
Aug ’2627.2%30.4%33.1%25.0%

Marketing spend

1$ mn · Aug ’26
011$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’240.70.70.70.6
Oct ’240.70.80.80.6
Nov ’240.70.80.80.6
Dec ’240.70.70.70.6
Jan ’250.70.70.80.6
Feb ’250.70.70.70.5
Mar ’250.80.80.90.7
Apr ’250.70.70.70.5
May ’250.70.70.80.6
Jun ’250.70.70.80.6
Jul ’250.80.80.80.6
Aug ’250.80.80.90.7
Sep ’250.80.80.90.7
Oct ’2510.910.7
Nov ’250.90.910.7
Dec ’250.90.90.90.7
Jan ’260.90.90.90.7
Feb ’260.90.80.90.7
Mar ’26111.10.8
Apr ’260.90.90.90.7
May ’260.90.90.90.7
Jun ’260.90.910.7
Jul ’260.9110.8
Aug ’26111.10.8

Marketing (% of revenue)

8.5%Aug ’26
0%5%10%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2410.3%9.9%9.9%11.2%
Oct ’249.7%9.8%9.8%11.1%
Nov ’249.8%9.8%9.7%11.2%
Dec ’249.9%9.8%9.7%11.4%
Jan ’2510.0%9.6%9.6%11.0%
Feb ’259.8%9.6%9.5%10.5%
Mar ’259.7%9.5%9.5%10.9%
Apr ’259.7%9.7%9.4%10.3%
May ’259.7%9.6%9.3%10.7%
Jun ’259.5%9.6%9.2%10.8%
Jul ’259.6%9.5%9.1%9.9%
Aug ’259.3%9.5%9.1%10.5%
Sep ’259.3%9.5%9.0%10.3%
Oct ’259.4%9.5%8.9%9.7%
Nov ’259.0%9.3%8.8%9.8%
Dec ’259.2%9.2%8.8%9.9%
Jan ’269.2%9.2%8.7%10.0%
Feb ’269.2%9.1%8.6%9.8%
Mar ’269.1%9.0%8.5%9.7%
Apr ’269.3%8.8%8.4%9.7%
May ’268.7%8.7%8.3%9.7%
Jun ’268.9%8.7%8.3%9.5%
Jul ’268.6%8.6%8.3%9.6%
Aug ’268.5%8.5%8.2%9.3%

EBITDA

0.5$ mn · Aug ’26
012$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24(0.4)(0.1)(0)(0.7)
Oct ’24(0.3)0.10.1(0.6)
Nov ’24(0.3)0.10.1(0.6)
Dec ’24(0.3)00.1(0.6)
Jan ’25(0.3)0.10.1(0.6)
Feb ’25(0.4)00.1(0.7)
Mar ’25(0.2)0.30.4(0.5)
Apr ’25(0.3)(0.2)0.2(0.6)
May ’25(0.3)(0.2)0.3(0.7)
Jun ’25(0.3)(0.1)0.4(0.6)
Jul ’250(0)0.5(0.5)
Aug ’25(0.1)00.6(0.4)
Sep ’2500.10.8(0.4)
Oct ’250.30.21(0.3)
Nov ’250.20.21(0.3)
Dec ’250.30.21(0.3)
Jan ’260.20.21.1(0.3)
Feb ’260.10.21(0.4)
Mar ’260.50.51.4(0.2)
Apr ’260.20.51.1(0.3)
May ’260.30.71.2(0.3)
Jun ’260.40.81.4(0.3)
Jul ’260.60.91.50
Aug ’260.511.7(0.1)

EBITDA margin

4.5%Aug ’26
-10%0%10%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24-6.3%-1.0%-0.6%-14.7%
Oct ’24-3.9%0.8%1.4%-11.4%
Nov ’24-3.6%1.4%1.5%-11.5%
Dec ’24-4.7%0.0%1.1%-11.2%
Jan ’25-3.8%1.2%1.9%-10.6%
Feb ’25-5.6%0.6%1.9%-13.7%
Mar ’25-1.9%3.3%4.1%-8.1%
Apr ’25-3.7%-3.2%2.4%-11.4%
May ’25-3.8%-2.4%3.3%-12.0%
Jun ’25-3.6%-1.9%4.1%-10.4%
Jul ’250.1%-0.6%5.3%-8.4%
Aug ’25-1.3%0.3%6.1%-6.4%
Sep ’250.3%1.3%7.4%-6.3%
Oct ’252.7%2.4%9.1%-3.9%
Nov ’252.1%2.4%9.4%-3.6%
Dec ’253.4%2.0%9.1%-4.7%
Jan ’261.6%2.6%9.9%-3.8%
Feb ’261.0%2.2%9.7%-5.6%
Mar ’264.3%4.7%11.6%-1.9%
Apr ’262.4%5.5%10.1%-3.7%
May ’262.9%6.4%11.1%-3.8%
Jun ’263.6%7.4%11.8%-3.6%
Jul ’265.5%7.7%12.4%0.1%
Aug ’264.5%8.6%12.8%-1.3%

PAT

0.2$ mn · Aug ’26
01$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24(0.6)(0.3)(0.2)(0.9)
Oct ’24(0.5)(0.1)(0.1)(0.8)
Nov ’24(0.5)(0.1)(0.1)(0.8)
Dec ’24(0.6)(0.2)(0.1)(0.8)
Jan ’25(0.5)(0.1)(0.1)(0.8)
Feb ’25(0.6)(0.2)(0.1)(0.9)
Mar ’25(0.4)0.10.1(0.7)
Apr ’25(0.5)(0.4)(0)(0.8)
May ’25(0.5)(0.4)0(0.9)
Jun ’25(0.5)(0.4)0.1(0.8)
Jul ’25(0.2)(0.3)0.2(0.7)
Aug ’25(0.3)(0.2)0.3(0.6)
Sep ’25(0.2)(0.1)0.4(0.6)
Oct ’25000.6(0.5)
Nov ’25(0)00.6(0.5)
Dec ’250.1(0)0.6(0.6)
Jan ’26(0.1)00.6(0.5)
Feb ’26(0.1)(0)0.6(0.6)
Mar ’260.20.20.9(0.4)
Apr ’26(0)0.20.6(0.5)
May ’2600.30.8(0.5)
Jun ’260.10.40.9(0.5)
Jul ’260.30.51(0.2)
Aug ’260.20.61.1(0.3)

Experience centres

52Aug ’26
02040PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2442434536
Oct ’2442444537
Nov ’2443444637
Dec ’2443454638
Jan ’2543454738
Feb ’2544464739
Mar ’2544464839
Apr ’2545474839
May ’2545474940
Jun ’2546484940
Jul ’2546485041
Aug ’2547485041
Sep ’2547495142
Oct ’2548495142
Nov ’2548505243
Dec ’2548505243
Jan ’2649515343
Feb ’2649515344
Mar ’2650525444
Apr ’2650525445
May ’2651535545
Jun ’2651535546
Jul ’2652545646
Aug ’2652545647

Cash balance

66.9$ mn · Aug ’26
050$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2434.836.937.942.7
Oct ’2434.336.937.942
Nov ’2468717241.3
Dec ’2467.770.97240.6
Jan ’2567.470.97240
Feb ’256770.972.139.2
Mar ’2566.671.172.438.5
Apr ’2566.366.372.537.8
May ’2565.966.172.637.1
Jun ’2565.465.872.936.5
Jul ’2565.365.773.335.9
Aug ’2565.165.673.735.4
Sep ’2564.965.674.434.8
Oct ’2564.965.775.334.3
Nov ’2565.165.976.268
Dec ’2565.365.97767.7
Jan ’2665.366.17867.4
Feb ’2665.366.278.967
Mar ’2665.566.680.266.6
Apr ’2665.765.981.166.3
May ’2665.966.582.265.9
Jun ’2666.167.183.465.4
Jul ’2666.667.984.865.3
Aug ’2666.968.786.365.1

Net burn

0.3$ mn · Aug ’26
0102030$ mnSep ’24Jan ’25May ’25Sep ’25Jan ’26Aug ’26Actualprior yrmonths
numbers
periodactualprior yr
Sep ’24(0.6)(0.7)
Oct ’24(0.5)(0.7)
Nov ’2433.7(0.7)
Dec ’24(0.3)(0.7)
Jan ’25(0.3)(0.6)
Feb ’25(0.4)(0.8)
Mar ’25(0.3)(0.6)
Apr ’25(0.3)(0.7)
May ’25(0.4)(0.7)
Jun ’25(0.5)(0.6)
Jul ’25(0.1)(0.6)
Aug ’25(0.2)(0.5)
Sep ’25(0.2)(0.6)
Oct ’25(0)(0.5)
Nov ’250.233.7
Dec ’250.2(0.3)
Jan ’26(0.1)(0.3)
Feb ’26(0)(0.4)
Mar ’260.2(0.3)
Apr ’260.2(0.3)
May ’260.2(0.4)
Jun ’260.2(0.5)
Jul ’260.5(0.1)
Aug ’260.3(0.2)