Quarterly ResultMay 12, 2026, 08:27 AM
Giftify Q1 Gross Profit +18.5% to $4.2M; Net Loss Improves 17.6%
AI Summary
Giftify, Inc. announced its Q1 2026 financial results, reporting an 18.5% increase in gross profit to $4.2 million and a 17.6% improvement in net loss to $2.7 million. Gross billings rose 25.0% to $45.0 million, driven by strong marketplace momentum and a strategic shift towards agent transactions. The company also deployed new AI systems for CardCash and Restaurant.com, launched a distribution partnership with Capital One Shopping, and significantly reduced fraud-related order declines.
Key Highlights
- Gross profit increased 18.5% to $4.2 million in Q1 2026.
- Net loss improved 17.6% to $2.7 million, or $(0.08) per share.
- Gross billings increased 25.0% to $45.0 million.
- Gross margin expanded 380 basis points to 19.9%.
- Interest expense declined 44.3% year-over-year to $116,715.
- CardCash new seller acquisition increased 18.5% year-over-year to 25,508.
- CardCash average buyer order value reached $384, up 15.4% year-over-year.
- CardCash fraud-related order declines reduced by 56% year-over-year.