The financial services business is expected to account for the majority of revenue while its on-demand business begins to become less of a priority. The Company achieved net profit for the first time in Q1 2026 at Rp171 billion, demonstrating the business model is working through years of work to drive topline growth and cost discipline.
Cyborg Score Rationale
GoTo achieved its first-ever quarterly net profit in Q1 2026 with adjusted EBITDA surging 131% year-over-year and net revenue increasing 26% year-over-year. Strong cash position and improving unit economics support growing profitability, though execution risk remains in fintech expansion.
Top Insights
GoTo achieved first-ever quarterly net profit of IDR 171 billion in Q1 2026, reversing a net loss of IDR 367 billion year-over-year
Annual transacting users grew 22% to 69 million with Fintech Monthly Transacting Users rising 33% YoY to 27.5 million
Group Annual Transacting Users rose 22% YoY to 69 million with net revenue growing 26% YoY to Rp5.3 trillion
Strategic focus includes strengthening infrastructure, leveraging AI, and supporting ecosystem partners
Named Competitors
Grab — Southeast Asia ride-hailing, delivery, and financial services
Recent Developments
(April 2026) Achieved net profit for the first time in company history at Rp171 billion in Q1 2026
(April 2026) Group adjusted EBITDA surged 131% year-over-year to IDR 907 billion
(April 2026) Introduced new AI program to lower cost to serve and increase engagement and conversion
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