Newsfile Corp
04 Aug 2026, 20:46 UTC · 1h ago
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Everyday People Financial Corp. completed the divestiture of its Financial Services and EP Homes segments to FinCard Financial Services Inc. for $850,000. — The transition to a 'pure-play' global receivables management platform removes non-core distractions and simplifies the business model for investors.
+0.60Total revenue from continuing operations increased 20% year-over-year to $21.1 million for the second quarter of 2026. — Strong top-line growth driven by organic client growth and the ACT acquisition signals healthy demand for the core service.
+0.40Adjusted EBITDA for the first six months of 2026 decreased to $1.5 million compared to $2.6 million in the same period of 2025. — Despite revenue growth, profitability is down over the half-year period, likely due to the costs of expanding fee-earning capacity.
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The company added 116 new positions to its fee-earning headcount to support signed clients, increasing employee benefit expenses by $5.3 million for the first six months. — While it weighs on current margins, this investment is directly linked to already-signed clients and is expected to convert into future revenue.
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