N26 Reaches First Annual Profit With €1.6M Net Income, Customer Deposits Top €10.5 Billion

N26 achieved its first full-year net profitability in 2025 with net income of €1.6 million, compared with a €42 million loss in 2024. Revenue rose 13 percent to €501.6 million, while customer deposits surpassed €10.5 billion. The Berlin-based digital bank reported 5.6 million paying customers, with higher card transaction volumes, subscription growth, and stronger fee income offsetting cost pressures. CEO Mike Dargan described the €500 million revenue milestone as evidence of the operating leverage in N26's platform.
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