Quarterly ResultMay 12, 2026, 02:41 PM
CreditRiskMonitor Q1 Net Income $58K, down 63%; Revenue +2%
AI Summary
CreditRiskMonitor.com, Inc. reported a significant decrease in net income for the first quarter of fiscal 2026, falling 63% to $58,312, despite a 2% increase in operating revenues to $4.99 million. The decline in profitability was primarily driven by a 10% rise in data and product costs and a 1% increase in selling, general, and administrative expenses. The company maintained a strong liquidity position with $5.72 million in cash and cash equivalents and no debt, and believes it has sufficient funds for the foreseeable future.
Key Highlights
- Net income for Q1 2026 was $58,312, a 63.3% decrease from $159,062 in Q1 2025.
- Operating revenues increased 2.4% to $4.99 million in Q1 2026 from $4.87 million in Q1 2025.
- Basic and diluted net income per share remained $0.01 for both Q1 2026 and Q1 2025.
- Cash and cash equivalents stood at $5.72 million as of March 31, 2026, down from $6.25 million at December 31, 2025.
- Data and product costs rose 10.4% to $2.52 million in Q1 2026, driven by senior technology leadership and hosted facility costs.
- Selling, general and administrative expenses increased 1.2% to $2.51 million in Q1 2026, due to higher professional fees.
- Working capital improved to $9.60 million as of March 31, 2026, from $8.49 million at December 31, 2025.