G
GIFTIFY, INC.
GIFTCIK 0001760233NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthRetail-Catalog & Mail-Order HousesDelawareFY ends Dec 31
Period
FY 2025
Revenue
$83.18M
Net Income
$-10.49M
Total Assets
$31.84M
Equity
$22.31M
Shares Out
34.11M
Op. Cash Flow
$-1.59M
Business
Giftify, Inc. owns and operates Restaurant.com, a digital platform offering discounted restaurant certificates and dining passes to consumers and businesses across 10,000 restaurants, and CardCash, a gift card exchange marketplace that buys and resells gift cards from over 1,100 retailers. Restaurant.com serves both B2C and B2B channels. CardCash operates a principal-based marketplace with B2C and B2B channels, white-label solutions, and branded partnerships with companies like Amazon and Mastercard. Distribution occurs via websites, mobile apps, and affiliate networks.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Net Sales | 83 | 89 | 87 | 97 | — | |
| Cost of sales | 68 | 76 | 76 | 87 | — | |
| Gross profit | 15 | 13 | 10 | 10 | — | |
| Selling, general and administrative expenses | 23 | 28 | 11 | 11 | 7 | |
| Depreciation of capitalized software costs | 645,375 | 1 | 1 | 4 | — | |
| Amortization of intangible assets | 2 | 2 | 300,000 | 300,000 | 624,000 | |
| Total operating expenses | 26 | 32 | 14 | 16 | 9 | |
| Loss from operations | −10 | −18 | −3 | −6 | −6 | |
| Interest income | 15,511 | — | — | — | — | |
| Interest expense | −604,759 | −1 | −3 | −3 | −124,293 | |
| Financing costs | −95,000 | −131,000 | — | — | — | |
| Other income | 38,540 | — | — | — | — | |
| Total other expense, net | −645,708 | −1 | 3 | −3 | 516,472 | |
| Net loss before income tax benefit | −11 | −20 | −94,872 | −8 | — | |
| Income tax benefit | 508,796 | 677,000 | — | — | — | |
| Net loss | −10 | −19 | −124,545 | −8 | −5 | |
| Net loss per share basic | −0.35 | −0.73 | −0.01 | −0.57 | −0.41 | |
| Net loss per share diluted | −0.35 | −0.73 | −0.01 | −0.57 | — | |
| Weighted average common shares outstanding - basic | 30 | 26 | 16 | 14 | 12 | |
| Weighted average common shares outstanding - diluted | 30 | 26 | 16 | 14 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents (includes restricted cash of $1,000,000 and $1,250,000 at December 31, 2025 and 2024, respectively) | 4 | 4 | 4 | 2 | — | |
| Accounts receivable | 142,878 | 164,700 | 2 | 2 | 118,100 | |
| Inventories, net | 4 | 4 | 4 | 5 | — | |
| Prepaid expenses and other current assets | 196,104 | 63,210 | 177,119 | 57,313 | 153,374 | |
| Total current assets | 8 | 9 | 10 | 9 | 2 | |
| Property and equipment, net | 443,811 | 1 | 3 | 4 | — | |
| Operating lease right-of- use asset, net | 1 | 1 | 315,183 | 258,641 | 219,739 | |
| Deposits | 68,189 | 65,556 | 65,556 | 58,056 | — | |
| Intangible assets, net | 2 | 4 | 7 | — | — | |
| Goodwill | 20 | 20 | 20 | — | — | |
| Total assets | 32 | 35 | 40 | 13 | 3 | |
| Accounts payable | 2 | 2 | 2 | 1 | 976,605 | |
| Accrued expenses | 2 | 2 | 1 | 501,559 | 704,715 | |
| Customer deposits | 2,015 | 95,000 | — | — | — | |
| Deferred revenue | 130,376 | 77,051 | 336,996 | 212,827 | 230,405 | |
| Secured revolving line of credit | 3 | 4 | 7 | 6 | — | |
| Convertible promissory note | 46,137 | 43,137 | 40,137 | 13 | — | |
| Secured notes payable related party, net of debt discount of $0 and $4,000, at December 31, 2025 and 2024, respectively | — | 2 | — | — | — | |
| Notes payable, current portion | 12,240 | 2 | 836,509 | 14 | — | |
| Operating lease liability, current portion | 358,861 | 316,612 | 134,475 | 191,951 | 110,499 | |
| Total current liabilities | 7 | 12 | 12 | 34 | 2 | |
| Notes payable, net of current portion | 651,349 | 615,000 | 1 | — | — | |
| Deferred income taxes | 608,000 | 1 | 2 | — | — | |
| Operating lease liability, net of current portion | 774,510 | 1 | 202,829 | 66,690 | 111,597 | |
| Total liabilities | 10 | 15 | 15 | 34 | 6 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.001 par value, 10,000,000 shares authorized; | — | — | — | — | — | |
| Common stock, $0.001 par value, 750,000,000 shares authorized; 33,146,517 and 27,021,423 shares issued and outstanding at December 31, 2025 and 2024, respectively | 33,147 | 27,015 | 24,114 | 2,900 | 12,880 | |
| Additional paid-in-capital | 121 | 109 | 93 | 5 | 57 | |
| Common stock issuable, 350,843 and 350,843 shares, respectively | 350,843 | 350,843 | 383,343 | — | 383,343 | |
| Accumulated deficit | −99 | −88 | −69 | −30 | −60 | |
| Total stockholders equity | 22 | 21 | 24 | −25 | −17 | |
| Total liabilities and stockholders equity | 32 | 35 | 40 | 13 | 3 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Fair value of vested stock options | 4 | 8 | 1,942 | 17,265 | — | |
| Fair value of vested restricted common stock | 2 | 3 | — | — | — | |
| Fair value of common stock issued for services | 575,713 | 771,500 | — | — | 2 | |
| Loss on fair value of common stock issued for settlement of vendor | 33,750 | 135,415 | — | — | — | |
| Fair value of common stock issued as financing costs | — | 131,000 | — | — | — | |
| Change in inventory reserve balance | −25,000 | −61,000 | — | — | — | |
| Depreciation of capitalized software costs | 646,173 | 1 | 1 | — | — | |
| Right-of-use assets | 318,151 | 304,481 | — | — | — | |
| Amortization of debt discount | 19,000 | 18,000 | — | 148,531 | — | |
| Accrued interest | −151,190 | 131,398 | 2 | 4 | — | |
| Accounts receivable | 80,936 | −66,170 | −74,340 | −901,789 | 179,307 | |
| Inventories | 389,631 | 97,093 | 816,853 | 455,629 | — | |
| Prepaid expenses and other current assets | −132,894 | 113,909 | −38,328 | 378,436 | — | |
| Accounts payable | −76,389 | −236,731 | 84,611 | 261,540 | −240 | |
| Accrued expenses | 96,401 | 592,673 | −39,515 | −2 | 183,028 | |
| Customer deposits | −92,985 | 95,000 | — | — | — | |
| Deferred revenue | 53,325 | −259,945 | 27,991 | 118,190 | 230,405 | |
| Deferred taxes | −515,000 | −677,000 | — | — | — | |
| Operating lease liability | −316,612 | −282,861 | −191,953 | −176,885 | −100,855 | |
| Net cash used in operating activities | −2 | −3 | −541,791 | −102,411 | −1 | |
| Cash received on acquisition | 109,543 | — | — | 12,805 | — | |
| Net cash provided by investing activities | 109,543 | — | −900,000 | −1 | — | |
| Proceeds from line of credit | 136 | 105 | 105 | 106 | — | |
| Repayment of line of credit | −136 | −108 | −104 | −106 | — | |
| Proceeds from note payable | 985,000 | — | — | — | 1 | |
| Repayment of notes payable | −3 | −26,271 | — | −3,465 | — | |
| Proceeds from notes payable related party | — | 2 | — | — | — | |
| Repayment of notes payable related party | −2 | — | — | — | — | |
| Proceeds from sale of common stock, net of expenses, under at-the-market sale agreement | 2 | 286,063 | — | — | — | |
| Proceeds from sale of common stock, net of expenses, under stock purchase agreement | 374,500 | 200,000 | — | — | — | |
| Proceeds from public offering of common stock | 478,000 | — | — | 250,000 | 2 | |
| Proceeds from private offering of common stock | 2 | 3 | — | — | — | |
| Repayment of acquisition obligation | — | −500,000 | — | — | −40,914 | |
| Net cash provided by financing activities | 833,633 | 2 | 1 | 409,331 | 3 | |
| Net decrease in cash and cash equivalents | −646,898 | −1 | 20,585 | −693,559 | 1 | |
| Interest paid | 431,818 | 704,961 | — | — | 39,746 | |
| Taxes paid | 6,204 | — | 29,673 | 2,549 | — | |
| Common shares issued for acquisition | 609,000 | — | — | — | — | |
| Common shares issued for trade accounts payable | 108,750 | 150,000 | — | — | — | |
| Issuance of common stock issued for common stock issuable | — | 32,500 | — | — | — | |
| Accounts receivable from acquisition | 59,114 | — | — | — | — | |
| Intangible assets from acquisition | 491,163 | — | — | — | — | |
| Deposits from acquisition | 2,633 | — | — | — | — | |
| Accounts payable from acquisition | 500 | — | — | — | — | |
| Accrued expenses from acquisition | 52,953 | — | — | — | — | |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | — | 1 | — | — | — |
Filings
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Frequently asked questions
What is GIFTIFY, INC.'s CIK number?
GIFTIFY, INC.'s SEC CIK number is 0001760233 (1760233). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GIFTIFY, INC.'s SEC filings?
All of GIFTIFY, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.