Dr. Phone Fix reports 32% revenue growth in Q2

Edmonton-based Dr. Phone Fix Canada Corporation, one of Canada’s fastest-growing and award-winning integrated device care platforms, announced Monday its financial and operational results for the three and six months ended June 30, 2026, saying it delivered strong year-over-year growth in revenue, gross profit and Adjusted EBITDA in both periods, supported by same-store sales growth, contributions from recently added locations and continued execution across its national platform.

“Q2 built on the momentum established in the first quarter, with revenue increasing 32%, gross profit increasing 26% and Adjusted EBITDA increasing 36% year over year,” said Piyush Sawhney, Founder and Chief Executive Officer of Dr. Phone Fix. “For the first half, revenue reached $6.9 million and Adjusted EBITDA grew 67%, while same-store sales grew 23%. These results reflect the improving productivity of our existing network and the early benefits of integrating acquired locations into our operating platform.

“Our focus remains on disciplined execution: improving store-level performance, expanding our product and service offering, integrating acquired operations and selectively expanding our geographic footprint. Following quarter-end, we completed our acquisition in New Brunswick, further strengthening our Atlantic Canada platform after our recent expansion into Nova Scotia. We believe our centralized operating infrastructure provides a foundation to support continued growth as we expand our integrated device care platform.”

Financial Results Summary

^{(1) Adjusted EBITDA is a non-GAAP financial measure. See ‘Non-GAAP Financial Measures’ below.}

Q2 2026 Financial and Operational Highlights

• Revenue increased 32% to $3.76 million, compared with $2.86 million in Q2 2025. Approximately 60% of the year-over-year increase was attributable to same-store sales growth. Revenue also increased 19% from Q1 2026.
• Gross profit increased 26% to $1.98 million, compared with $1.57 million in Q2 2025. Gross margin was 52.7%, compared with 55.0% a year earlier, primarily reflecting changes in the Company’s overall product and service mix and other normal operating factors. The gross margin in Q2 2026 improved from 51.3% in Q1 2026.
• Operating expenses, excluding share-based compensation, increased 22% to $2.27 million, compared with $1.87 million in Q2 2025, primarily reflecting the expanded store base.
• Adjusted EBITDA increased 36% to $0.38 million, compared with $0.28 million in Q2 2025, reflecting higher gross profit and operating leverage.
• Cash flow from operating activities before changes in non-cash working capital increased 36% to $0.31 million, compared with $0.23 million in Q2 2025.
• Cash generated by operating activities was $0.85 million, compared with $0.03 million used in operating activities in Q2 2025.
• Net loss improved 20% to $0.87 million, compared with $1.09 million in Q2 2025.
• Cash was $0.81 million at June 30, 2026, compared with $0.76 million at June 30, 2025 and $0.23 million at December 31, 2025.
• The Company operated 44 corporately owned stores across five provinces at June 30, 2026, providing a broader base for repair, certified pre-owned device and accessory sales.

First-Half 2026 Financial Highlights

• Revenue increased 37% to $6.92 million, compared with $5.05 million in H1 2025. Stores operating in both periods contributed approximately $1.2 million of the increase, while locations not open or owned throughout the comparable period contributed approximately $0.7 million.
• Gross profit increased 30% to $3.60 million, compared with $2.78 million in H1 2025. Gross margin was 52.1%, compared with 55.0%, primarily reflecting changes in the Company’s overall product and service mix and other normal operating factors.
• Operating expenses, excluding share-based compensation, increased 23% to $4.45 million, compared with $3.62 million in H1 2025, primarily reflecting the expanded store base, including higher employee salaries and benefits and depreciation.
• Adjusted EBITDA increased 67% to $0.47 million, compared with $0.28 million in H1 2025.
• Cash from operating activities before changes in non-cash working capital increased to $0.37 million from $0.19 million in H1 2025. Cash generated by operating activities, including working-capital changes, was $1.18 million compared with $0.15 million used in H1 2025.
• Net loss improved 42% to $2.04 million, compared with $3.50 million in H1 2025.

First-Half 2026 Operational Highlights

• Same-store sales increased 23% compared with H1 2025 for locations operating in both periods, reflecting improved execution, increasing brand recognition and continued demand for repair and certified pre-owned device services.
• The six Geebo locations delivered revenue growth of 18.8%, including a 19.5% increase in repair revenue and a 16.5% increase in repair units. Certified pre-owned device unit sales increased 76.6%, while accessory revenue increased 33.1%. Management believes performance during the period was supported by the integration of the locations into the Company’s centralized operating platform, including centralized procurement and inventory management, expanded product availability, standardized operating processes and enhanced in-store sales execution.

More from Retail Insider:

• Dr. Phone Fix reports record Q1 2026 results