Whatfix, an Indian digital adoption solutions (DAS) company, reported operating revenue growth of 73% YoY to INR 1.72 billion (~USD 20.8 million) in FY2022. Notably, operating revenue growth was driven by overseas markets, with the US accounting for ~70% of this growth, followed by Europe (18%), Asia Pacific (4%), and the Middle East (1%). Additionally, there were INR 205.2 million (~USD 2.5 million) in gains from the sale of current investments and other revenue from fixed deposit interest during the year.

The company's overall spending increased threefold to INR 8.97 billion (~USD 108.4 million) in FY2022. This was primarily due to a 6.7x increase in finance costs which formed 51% of overall spending and increased to INR 4.57 billion (~USD 55.3 million). The next biggest was employee benefit costs which formed 33% of total expenditure and increased by 80.3% YoY to INR 2.95 billion (~USD 35.6 million).

Consequently, in FY2022, the company's net loss increased by 3.7x to INR 7.06 billion (~USD 85.3 million).