Raiz Invest's First-Ever Profit Confirms a Genuine Inflection Point

A successful price rise with minimal customer churn drove profitability forecasts higher, culminating in Raiz Invest's first-ever full-year profit after years of accumulated losses.

30 Sep 2026 · 3 min read

Raiz Invest, a consumer micro-investing platform, delivered a genuinely successful price rise with minimal customer churn that materially lifted underlying profitability, culminating in a first-ever full-year profit after $47 million in accumulated losses since incorporation, even as the stock suffered a bearish sentiment-driven sell-off unrelated to company-specific news.

A successful price rise lifts profitability forecasts

Cyan Investment Management said consumer investment platform Raiz had seen strong growth in funds under management due to buoyant global markets, and subject to customer churn, should enjoy further revenue growth after a product price rise in August. DMX Asset Management said it had been particularly pleased with Raiz's progress in recent months, having owned the stock since 2020, which in hindsight was an error entering too early, before materially increasing the size of its holding in the 30 to 40 cent range last year as it became increasingly encouraged. Cyan Investment Management said Raiz was the next best contributor, up 19 percent, after lifting customer pricing in August and seeing minimal churn, forecasting a decent lift in underlying profitability of around $5 million in FY26, up from $2.8 million in FY25, with funds under management now exceeding $2 billion.

Raiz lifted customer pricing in August and has seen minimal churn. As such the company has forecast a decent lift in underlying profitability of around $5m in FY26, up from $2.8m in FY25. With FUM now exceeding $2bn and the ability to leverage its scalable business model, it is understandable the stock is gaining new investor interest.

— Cyan Investment Management, Monthly Report, October 2025

A sentiment-driven sell-off unrelated to fundamentals

Cyan Investment Management said Raiz suffered a material share price fall during the month, sustained due to bearish market sentiment and not from any specific negative company news, noting the majority of these companies reported strong first-half FY26 results in late February.

Raiz suffered a material share price fall during the month, sustained due to bearish market sentiment and not from any specific negative company news. Indeed the majority of these companies reported strong 1H26 results in late February.

— Cyan Investment Management, Monthly Report, March 2026

A first-ever full-year profit confirms the inflection

DMX Asset Management said that having recorded $47 million of accumulated losses since incorporation, it was most pleasing to see Raiz finally deliver a modest full-year profit, with profit before tax of $0.4 million, delivering strong growth across each of its key business metrics in FY26, with total revenue up 21 percent to $29.2 million and underlying EBITDA up 93 percent to $5.5 million, while active customers increased 7 percent to 351,362 and funds under management were up 28 percent to $2.3 billion.

Having recorded $47m of accumulated losses since incorporation, it was most pleasing to see Raiz finally deliver a modest full year profit (PBT of $0.4m). RZI delivered strong growth across each of its key business metrics in FY26 with total revenue up 21% to $29.2m and underlying EBITDA up 93% to $5.5m.

— DMX Asset Management, Monthly Report, August 2026

What fund managers say they are watching next is continued scaling of the customer base and funds under management given minimal price-rise-related churn, delivery of ongoing profitability now that the company has crossed into positive territory, whether the bearish sentiment-driven sell-off reverses given strong underlying fundamentals, and continued leverage of the scalable business model.