VASO Corp

VASO Corp reported a net loss of $(0.89) million for Q1 2026, an improvement from $(1.08) million in Q1 2025, despite a slight decrease in total revenues to $19.36 million. Gross profit increased to $11.58 million. However, the company experienced a significant increase in net cash used in operating activities, reaching $(12.63) million, and its cash and cash equivalents decreased to $21.97 million from $35.05 million at year-end 2025.

Vaso Corporation announced an agreement with Peter Castle, President of its wholly-owned subsidiary VasoTechnology Inc., effective May 4, 2026. The agreement provides Mr. Castle with an opportunity to earn a $175,000 incentive payment. This payment is contingent upon his participation in achieving specified corporate outcomes related to potential strategic initiatives within a defined timeframe and his continued compliance with the agreement.