Leverage Edu FY26 Financials: Revenue Tops Rs 364 Cr, EBITDA Turns Positive

Leverage Edu’s operating revenue rose to Rs 364.4 crore in FY26 from Rs 173.3 crore in FY25, according to consolidated financial statements filed with the Registrar of Companies. The Delhi-based edtech company also narrowed net losses by 82% year-on-year to Rs 19.4 crore. The headline takeaway: growth accelerated while the company moved closer to sustainable profitability.

Student placement services remained the company’s largest revenue stream, contributing 77% of operating revenue and rising 2.3 times year-on-year to Rs 281.8 crore. International markets contributed over 81% of total revenue in FY26, reaching Rs 297 crore, while India accounted for Rs 67.4 crore. The company’s Fly business, which provides financial services to students going abroad, doubled revenue to Rs 59.6 crore.

Total expenditure increased to Rs 390.8 crore in FY26 from Rs 280.4 crore in FY25. Commissions paid to agents and partners were the largest expense at Rs 114 crore, while employee benefit expenses rose to Rs 73 crore and subscription and membership fees reached Rs 67 crore. Advertising expenses declined 24.2% to Rs 45.3 crore, supporting the broader cost-optimisation picture described in the filing coverage.

Leverage Edu turned EBITDA-positive in FY26 with EBITDA of Rs 2 crore, compared with an EBITDA loss of Rs 83 crore in the previous fiscal year. Its EBITDA margin improved to 0.49%, while ROCE stood at -15.8%. Entrackr also reported that the company has raised nearly $90 million to date and is currently valued at around $300 million, with reported IPO plans worth Rs 2,000-3,000 crore through a fresh issue and offer for sale.