Financial Performance Highlights - FY26 vs FY25
Revenue from Operations: ₹1,076.55 Cr (FY25: ₹408.22 Cr), representing 163.72% YoY growth
Operating EBITDA: ₹121.88 Cr (FY25: ₹42.08 Cr), representing 189.50% YoY growth
Profit After Tax (PAT): ₹102.53 Cr (FY25: ₹35.24 Cr), representing 190.89% YoY growth
PAT Margin: 10.3%
Rule of 40 Score: 60.30% (50% revenue growth + 10.3% PAT margin)
Quarterly Performance - Q4 FY26
Revenue: ₹365.42 Cr
PAT: ₹34.71 Cr
Q4 FY26 was described as the strongest quarter on record.
Operational and Business Metrics
Ecosystem Users: Crossed 5 million users across the String ecosystem
DeFi & Tokenized Assets Volume: Surpassed $220+ Million
Derivatives Trading Volume: Achieved $4+ Billion in derivatives volume on centralized exchanges (CEX)
User Acquisition Cost (CAC): Approximately $5
Product Launches and Initiatives
Bills on Chain: Launched Phase 1 of partnership with Hedera Blockchain for tokenizing bills on-chain using OCR + ML verification (Al Verify) and zero-knowledge hash committed to Hedera
String Pay X Card: Introduced virtual crypto-backed debit card in partnership with Visa with access across 150+ countries, offering direct spending power for both fiat and crypto
Multi-Currency IBANs: Dedicated banking accounts linked to crypto wallet for storing/transferring fiat alongside digital assets
Idle Walk: Walk-to-earn mobile game that rewards users with IDLE tokens for hitting daily step goals, featuring IAP Boosters and Idle Pass Subscription monetization
On-Chain Volume: Sustained daily trading activity of $1.2-1.3 million across all IDLE tokenized asset pairs
Global Licensing and Operations
The company operates through multiple licensed entities across global hubs:
- Canada: String Pay X LTD with MSB Banking License
- UAE (IFZA Free Zone): Kling Digital Assets PVT LTD for String Esports and RWA Tokenization
- UAE (Dist. Al Hub): String DePIN & AI, String Digital Assets for blockchain node operation and treasury management
- Hong Kong: String Fintech HK PVT LTD for Game Dev, Blockchain Dev, Web 3.0 Ad Network
- Singapore: String Digi Tech PTE LTD for Web3.0 Ad Network and Blockchain Validation Nodes
- India: String Metaverse LTD, Fintech PVT LTD, Forex PVT LTD for back office and software development
- United Kingdom: Fans On Chain (50% Subsidiary)
Future Expansion Plans
AI Data Center: Planning a 100 MW dedicated compute capacity for high-density GPU agent training & inference, integrating compute for Gaming & AI and Digital Advisory
Leadership Team
- Ganesh Meenavalli: Managing Director, Head of Global Operations & digital asset advisory
- Dr. Raghavendra Hunasgi: Chief Executive Officer, serial entrepreneur
- Santosh Althuru: Executive Director, Head of Operations & product development in India
- CA Hemant P Vastani: Chief Financial Officer, seasoned Chartered Accountant
- Krishna Meenavalli: Executive Director, Head of UAE operations, market making & AI Commerce
- Lingam Murthy Gaddi: COO & Technology Architect, heading High Frequency Trading
Market Context
The presentation positions the company as targeting the global gaming market (3 billion gamers) with projected Web3 gamers of 100-150 million by 2028. The company describes itself as building a financial operating system to monetize the on-chain economy and turning tokenized assets, Web3 infrastructure, and gaming attention into liquidity.
Document Accessibility
The revised investor presentation is accessible on the company's website at https://www.stringmetaverse.com/