Digital bank N26 reached its first full year of net profitability in 2025 after facing management and regulatory challenges.
The Berlin-based fintech secured €1.6m net income last year, according to results published on Thursday, following a €42m loss in 2024. The company’s gross profit surged 33% to €350.5m while revenue grew 13% to €501.6m.
“Surpassing half a billion euros in annual revenue for 2025 is a landmark milestone for N26, demonstrating the growing trust millions of Europeans place in us every day,” says CEO Mike Dargan.
This milestone comes after a tumultuous 2025 for the neobank. Reports emerged in August that its founders and co-CEOs were being ousted by investors due to dissatisfaction over the regulatory sanctions brought against the company.
Cofounders Valentin Staff and Maximilian Tayenthal stepped down from their positions, with the former leaving in August and the latter in December.
Board chairman Marcus Mosen and CFO Arnd Schwierholz were then appointed as interim co-CEOs until newly appointed Dargan began his role in April 2026.
N26 has also had multiple run-ins with German financial watchdog BaFin. The company was fined €4.25m and its customer acquisition numbers were capped in 2021 over ineffective money laundering controls.
In December last year, another series of oversight measures were put in place by the regulator over issues with risk and compliance in its lending business. The sanctions included limits on new business in the Netherlands.
Notwithstanding these limits, N26 plans to deliver profitable growth in 2026. The neobank expects to maintain profitability with “operating leverage and disciplined investment”.
Its priorities for this year are strengthening compliance and risk management, while boosting customer engagement and investing in its existing product. The company also looks to expand AI use in its customer service, personalisation and internal operations.
