Quarterly ResultMay 14, 2026, 01:51 PM
GivBux Q1 Net Loss Narrows to $207K; Cash Drops to $18K
AI Summary
GivBux, Inc. reported a net loss of $207,076 for the three months ended March 31, 2026, a significant improvement from a $526,819 net loss in the prior year, primarily due to a gain in the fair value of derivative liabilities. However, revenue decreased by 15.3% to $55,906, and operating expenses surged. The company's cash balance plummeted to $18,430, and current liabilities continue to significantly exceed current assets, raising substantial doubt about its ability to continue as a going concern.
Key Highlights
- Net loss improved to $207,076 for Q1 2026, from $526,819 in Q1 2025.
- Revenue decreased by 15.3% to $55,906 in Q1 2026 from $66,023 in Q1 2025.
- Gross profit increased to $25,980 in Q1 2026 from $10,873 in Q1 2025.
- Total operating expenses rose to $468,577 in Q1 2026 from $194,393 in Q1 2025.
- Cash balance at March 31, 2026, was $18,430, down from $126,807 at December 31, 2025.
- Current liabilities exceeded current assets by $4,893,911 as of March 31, 2026.
- Eight loans with an unpaid balance of $199,350 were in default as of March 31, 2026.
- Accumulated deficit stood at $34,403,866 as of March 31, 2026.