Reklaim Ltd. Reports Record 73% Revenue Growth in Q1 2025 and Launches Subscription Privacy Service
Reklaim Protect adds high-margin recurring revenue; platform demand drives 94% growth in privacy-compliant data sales
New York, New York – (Cision – May 22, 2025) – Reklaim (TSXV: MYID) (OTC: MYIDF), a leader in consumer data privacy and compliant data monetization, today announced its financial results for the three months ended March 31, 2025.
Q1 2025 Financial Highlights
Revenue: $1,262,191 (up 73% YoY)
Gross Margin: 81% (vs. 82% in Q1 2024)
EBITDA: -$134,677 (vs. -$102,886 in Q1 2024)
Net Income: -$221,645 (vs. -$170,624 in Q1 2024)
“We started 2025 with momentum, achieving record revenue and expanding into new B2B platforms,” said Neil Sweeney, CEO of Reklaim. “The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we’re expanding our consumer offering and unlocking a new, high-margin recurring revenue stream aligned with our mission to give people control of their data.”
Monetization and Protection: Reklaim’s Dual-Offering Strategy
Reklaim now serves both privacy-conscious and data-monetization-minded consumers via its two core offerings:
Reklaim Rewards, where users choose to share their data in exchange for compensation from brands and platforms, and
Reklaim Protect is a subscription service that enables users to remove their personal information from data brokers and people finder sites and monitor the dark web for exposure.
These services enable Reklaim to operate across the full spectrum of the consumer data economy, providing privacy-compliant monetization or privacy-first protection based on user preference.
Platform Expansion and Regulatory Tailwinds
Reklaim’s Q1 growth was supported by expanding integrations with platforms such as The Trade Desk, Google, LiveRamp, and Meta.
Platform revenue grew 94% year-over-year, while Deal revenue, driven by broader SSP participation, increased 90%. Identity revenue rose 24% as companies sought compliant solutions to enrich datasets.
Reklaim is well-positioned amid tightening data privacy regulations. In 2024, 19 U.S. states updated their privacy laws to mandate consumer inclusion, strengthening demand for Reklaim’s user-consented data. As regulators increase enforcement, Reklaim’s compliance-first approach makes it a trusted partner for Fortune 500 brands and leading advertising agencies.
Cash & Capital Management
Reklaim ended the quarter with a cash position of $350,254. Through targeted debt reduction, the company reduced monthly interest expense by 51%. Reklaim continues to focus on achieving profitability while scaling responsibly.
Looking Ahead
Reklaim continues to empower consumers to take control of their data while expanding its AI privacy initiatives. Please review Reklaim's MD&A for more details on our market insights and the CEO Quarterly Letter.
Additional Corporate Updates
Reklaim Invest
Reklaim Invest is a limited beta program enabling Canadian users to exchange earned points for equity in Reklaim. Following its April launch, Reklaim issued 5,201 shares to settle $416.08 in consumer redemptions. Pending TSXV approval, an additional 4,422 shares will be issued at $0.08 per share to settle $353.76.