Quarterly ResultMay 14, 2026, 04:08 PM
RYVYL Inc. Q1 Net Loss $(3.29)M; Going Concern Doubt Raised
AI Summary
RYVYL Inc. reported a net loss of $(3.29) million for Q1 2026 and disclosed substantial doubt about its ability to continue as a going concern due to insufficient liquidity. Revenue for the quarter decreased by 8.45% to $2.54 million year-over-year. The company is pursuing strategic initiatives, including a merger with RTB Digital, Inc. effective May 12, 2026, and cost control measures to address its financial challenges. The Q1 2026 results reflect the impact of a 1-for-35 reverse stock split effective January 2, 2026, and an impairment charge of $0.9 million on a right-of-use asset.
Key Highlights
- RYVYL Inc. raised substantial doubt about its ability to continue as a going concern.
- Q1 2026 revenue decreased 8.45% to $2.54 million from $2.77 million year-over-year.
- Q1 2026 net loss was $(3.29) million, compared to $(2.76) million in Q1 2025.
- Basic and diluted net loss per share improved to $(2.67) in Q1 2026 from $(11.67) in Q1 2025.
- Net cash used in operating activities improved to $(2.07) million from $(15.58) million year-over-year.
- Total stockholders' deficit reached $(0.97) million as of March 31, 2026, from $0.67 million equity.
- Company completed a 1-for-35 reverse stock split effective January 2, 2026.
- Recorded a $0.9 million impairment charge on a right-of-use asset in Q1 2026.