RateGain Revenue nearly Triples in Q1 FY27; Adjusted EBITDA Reaches New High of 24.6%

RateGain Revenue nearly Triples in Q1 FY27; Adjusted EBITDA Reaches New High of 24.6%​

RateGain Travel Technologies Limited has announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27) ending June 30, 2026, reporting a significant surge in operating revenue and achieving a record Adjusted EBITDA margin. The global provider of AI-powered SaaS solutions for travel and hospitality saw its operating revenue rise by 187.6% year-on-year (Y-o-Y) to INR 785.0 Cr.

The company reported robust growth across key markets, driven by strong travel demand in the United States, Europe, and Asia-Pacific, even as recovery in the Middle East continues to build traction. A primary driver in the US was the FIFA World Cup, which directly benefited RateGain’s Destinations business. Marketing organizations expanded co-op marketing programs and jointly funded campaigns with travel partners to attract visitors around the tournament, enabling customers to generate more transactions and intent signals across the platform.

The Asia-Pacific segment delivered its best quarter ever, characterized by record new property sign-ups on the Sojern platform, alongside strong momentum in client engagement and bookings. This success reinforces RateGain's strategy of deepening its presence in high-growth geographies.

Building upon the initial phase of the Sojern integration, the company plans to accelerate this go-to-market motion during FY27. The focus includes capitalizing on cross-sell opportunities across its combined customer base and expanding geographic reach, while also strengthening data partnerships with leading travel brands.

Financial Performance Highlights​

The financial performance highlights for Q1 FY27 compared to Q1 FY26 are detailed below:


*Note: EBITDA and PAT are Adjusted for Deferred Deal Consideration related to the Sojern Acquisition, with the expense scheduled over three years ending Q3 FY29.

Cash Flow and Debt Management​

Free Cash flow stood at INR 135.2 Cr for the quarter, demonstrating a conversion rate of 78.8%. RateGain has also made substantial progress on its acquisition-related debt; as of June 30, 2026, the company had repaid 25% of this debt, resulting in a net outstanding debt figure of INR 615.4 Cr. Furthermore, RateGain paid down USD 16.0 Mn by August 6, 2026, effectively repaying 38% of the total loan associated with the Sojern acquisition.

Bhanu Chopra, Founder and Managing Director of RateGain, stated that what stands out in the quarter is not just performance but "the confidence our customers continue to place in us as travel demand becomes harder to predict." He added that combined with Sojern, their focus is helping travel and hospitality businesses grow faster through sharper data and better decisions at every step.

Ankit Aggarwal, Deputy Chief Financial Officer of RateGain, commented that the quarter was one where "growth and discipline moved together," noting that the strong conversion of EBITDA into cash was a clear indicator of the business's health, providing room to invest in growth while maintaining financial commitments heading into the rest of FY27.

About RateGain Travel Technologies Limited​

RateGain is a global provider of AI-powered SaaS solutions for the travel and hospitality industry. Serving over 14,000 customers and 700+ partners across more than 160 countries, the company assists clients in accelerating revenue generation through acquisition, retention, and wallet share expansion. RateGain processes transaction data, price points, and travel intent data globally, working with 33 of the Top 40 Hotel Chains, 4 of the Top 5 Airlines, 7 of the Top 10 Car Rentals, and all leading OTAs and metasearch websites.