RateGain reports 94% YoY revenue growth in Q3 FY26; 42% increase in EBITDA
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PAT stood at INR 264.5 mn, and on a YTD basis the Cash Flow from Operations stood at INR 1,517.4 mn.
RateGain Travel Technologies Limited announced its financial results for Q3FY2026 ended December 31, 2025, reporting revenue growth driven by strong performance across its DaaS and MarTech businesses. This quarter marks the first full consolidation of Sojern’s financial performance following the completion of the acquisition in November 2025.
During the quarter, RateGain expanded Sojern’s engagement with major clients including the rollout of an enhanced AI Concierge solution with Red Roof. This reinforces RateGain’s commitment to delivering AI-driven customer engagement tools that drive direct revenue and enhance guest experiences across hospitality segments.
The company reported highest ever operating revenue of INR 5,400.3 million in Q3FY2026, growing 93.8% year-on-year, and delivered an operating margin of 16.1%. PAT stood at INR 264.5 million, impacted by the increase in amortisation cost related to the recent acquisition of Sojern and one-time exceptional expense incurred related to the acquisition costs. Adjusted for one-time exceptional expense the PAT stands at INR 610.7 Mn, an increase of 8.0% over the same period last year.
The Cash Flow from Operations stood at INR 1,517.4 million on a YTD basis, reflecting the strength of the business model as the company generates healthy cash flows every quarter. Basis the strong organic cash flow generation, the company has repaid nearly 20.2% of its acquisition-related debt, amounting to USD 25.25 Mn. Out of this USD 19.0 million was prepaid along with the quarterly installment of USD 6.25.
Bhanu Chopra, Founder and Managing Director, RateGain, said, “Building on the quarter’s financial performance, it’s worth noting that the completion of the Sojern acquisition in November 2025 marked one of the largest strategic moves in RateGain’s history, bringing together complementary AI-powered marketing, distribution, and revenue technologies and creating a combined platform serving over 13,000 travel brands globally. This positions RateGain as a category-leading AI-driven travel tech provider with unparalleled customer reach and product breadth.”
“We delivered healthy revenue momentum and strong free cash flow generation during the quarter, underpinned by disciplined operating execution. The integration of Sojern is progressing well across cost synergies and organizational alignment, with early benefits beginning to reflect in operating leverage. We are also advancing toward a more unified go-to-market structure to drive scalable growth,” said Rohan Mittal, Chief Financial Officer, RateGain.
