Professional Diversity Network, Inc.

Listed Company

IPDNCIK 0001546296NasdaqNon-AcceleratedSmaller ReportingServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-6.45M

Total Assets

$17.87M

Equity

$11.75M

Shares Out

10.24M

Op. Cash Flow

$-2.09M

Business

Professional Diversity Network, Inc. operates professional networks focused on talent acquisition and professional development for diverse affinity groups. It offers recruitment solutions, job board software, career fairs, membership services, professional development programs, and a remote-hiring marketplace for software developers. The company operates through three business units: TalentAlly (recruitment and events), the NAPW Network (professional networking and membership services for women), and RemoteMore USA (remote developer staffing). Its services are distributed online, through virtual and in-person events, partnerships with affinity organizations, and direct sales to employers and recruiters.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	7	7	8	8	—
Cost of revenues	4	3	3	4	2
Sales and marketing	2	3	4	3	2
General and administrative	7	4	4	4	5
Depreciation and amortization	157,926	203,801	624,004	776,095	385,161
Total costs and expenses	13	9	12	11	9
Loss from continuing operations	−6	−2	−5	−3	−3
Interest and other income (expense), net	−58,764	−184,221	12,934	—	—
Other income (expense), net	−58,764	−184,221	12,934	−3,652	7,999
Loss before income tax benefit	−7	−3	−5	−3	−3
Income tax benefit (expense)	0	−6,321	139,380	13,188	21,540
Loss from continuing operations, net of tax	−7	−3	−4	−3	—
Loss from discontinued operations	0	0	−28,428	−65,055	−88,813
Net loss including non-controlling interests	−7	−3	−4	−3	−3
Net loss attributable to non-controlling interests	60,357	83,722	103,366	554,672	192,755
Net loss attributable to Professional Diversity Network, Inc.	−6	−3	−4	−3	−3
Foreign currency translation adjustment	0	0	−5,695	−17,551	−285,941
Comprehensive loss	−6	−3	−4	−3	−3
Continuing operations (in dollars per share)	−2.11	−2.07	−4.27	−0.38	−0.4
Net loss per share (in dollars per share)	−2.11	−2.07	−4.27	−0.39	−0.41
Basic and diluted (in shares)	3	1	1	8	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-11-30	FY 2022 2022-12-31
Cash and cash equivalents	216,954	2	627,641	—	1
Restricted cash	1	0	—	—	—
Accounts receivable, net	807,660	1	1	—	1
Other receivables	200,993	12,577	50,000	—	350,000
Prepaid expense and other current assets	84,190	264,117	556,698	—	347,807
Total current assets	3	3	2	—	3
Property and equipment, net	36,434	48,956	42,043	—	35,341
Capitalized technology, net	219,297	327,372	186,103	—	64,499
Goodwill	1	1	1	—	1
Intangible assets, net	10	134,733	225,848	—	225,221
Right-of-use assets	149,525	226,704	298,485	—	365,324
Security deposits	49,755	49,755	66,340	—	66,340
Other assets	4	3	2	—	1
Total assets	18	8	6	—	7
Accounts payable	737,877	155,661	524,854	—	338,600
Accrued expenses	1	863,888	867,884	867,884	1
Deferred revenue	1	2	2	—	2
Other current liabilities	3	0	—	—	—
Lease liability, current portion	102,581	94,248	82,652	—	103,555
Total current liabilities	7	3	3	—	4
Lease liability, non-current portion	82,484	185,064	283,060	—	341,165
Total liabilities	7	3	4	—	5
Commitments and contingencies	—	—	—	—	—
Common stock, $0.01 par value; 45,000,000 shares authorized, 7,298,358 shares and 1,823,327 shares issued as of December 31, 2025 and 2024, and 7,298,306 and 1,823,275 shares outstanding as of December 31, 2025 and 2024	72,983	18,233	11,452	—	103,675
Additional paid in capital	121	108	103	—	102
Accumulated other comprehensive income	0	0	0	—	−10,986
Accumulated deficit	−109	−102	−100	—	−98
Treasury stock, at cost; 52 and 52 shares at December 31, 2025 and 2024	−37,117	−37,117	−37,117	—	−892,482
Total Professional Diversity Network, Inc. stockholders equity	12	5	3	—	3
Non-controlling interest	−567,141	−481,500	−479,918	—	−237,243
Total stockholders equity	11	5	3	—	2
Total liabilities and stockholders equity	18	8	6	—	7

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	157,926	203,801	624,004	776,095	—
Noncash lease expense	91,389	91,387	91,386	91,387	—
Stock-based compensation expense	4	175,493	299,839	481,429	634,340
Provision for doubtful accounts	142,618	13,986	−15,761	−144,675	—
Loss on seizure of cash	0	184,055	0	—	—
Unrealized loss on investment	44,000	0	—	—	—
Loss on disposal of property, plant and equipment	0	2,024	0	—	—
Accounts receivable	268,400	−98,597	199,910	215,570	−383,630
Prepaid expenses and other current assets	−195,989	159,089	278,609	102,978	−95,525
Accounts payable	582,216	−369,194	186,253	90,005	−481,920
Accrued expenses	469,681	−3,996	−203,955	101,991	77,252
Other current liabilities	24,946	0	—	—	—
Lease liability	−108,457	−106,006	−103,555	−101,102	—
Deferred revenue	−648,769	−157,805	6,352	−224,097	248,756
Net cash used in operating activities - continuing operations	−2	−3	−3	−2	−2
Net cash used in operating activities	−2	−3	−3	−2	−2
Costs incurred to develop technology	0	−242,020	−181,111	−45,195	−49,970
Purchases of property and equipment	−3,995	−20,873	−30,426	−15,602	−24,940
Payments to acquire investments	−1	−700,000	0	—	—
Purchases of intangible assets	−4	—	—	—	—
Net cash used in investing activities - continuing operations	−5	−962,893	−946,502	−60,797	−1
Net cash used in investing activities	−5	−962,893	−946,502	−60,797	−1
Proceeds from the sale of Common Stock	6	4	3	1	4
Proceeds from (Repayment of) short-term debt	774,691	0	—	—	—
Proceeds from Noncontrolling Interests	0	82,140	0	—	—
Net cash provided by financing activities - continuing operations	7	5	3	144,635	4
Net cash provided by financing activities	7	5	3	144,635	4
Net (decrease) increase in cash, cash equivalents, and restricted cash	−264,201	1	−609,130	−2	1
Non-cash amortization of commitment funding	187,500	375,000	187,500	0	—
Acquisition of DTT Tokens	3	0	—	—	—

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