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RTB Digital, Inc.
RTBCIK 0001419275NasdaqNon-AcceleratedSmaller ReportingServices-Management Consulting ServicesNevadaFY ends Dec 31
Period
FY 2025
Revenue
$11.13M
Net Income
$-17.53M
Total Assets
$13.10M
Equity
$668.0K
Shares Out
1.28M
Op. Cash Flow
$-23.04M
Business
Ryvyl is a financial technology company providing global payment acceptance and disbursement solutions to merchants. The company enables credit card payment processing through third-party acquiring banks and payment processors, and offers NEMS Core, an internally developed disbursements platform launched in late 2024. Ryvyl serves underserved and higher-risk merchant segments across the United States, including retail, education, insurance, and adult entertainment verticals. The company operates a hybrid model combining internal merchant underwriting, onboarding, and customer service with external acquiring partnerships.
Summary from 10-K filed 2026-04-15
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 |
|---|---|---|---|---|---|---|
| Revenue | 11 | 18 | 66 | 33 | 26 | |
| Cost of revenue | 6 | 11 | 40 | 17 | 10 | |
| Gross profit | 5 | 7 | 26 | 16 | 16 | |
| Research and development | 559,000 | 4 | 6 | 6 | 4 | |
| General and administrative | 4 | 3 | 9 | 7 | 17 | |
| Payroll and payroll taxes | 5 | 10 | 12 | 11 | 5 | |
| Professional fees | 3 | 4 | 7 | 5 | 3 | |
| Stock compensation expense | 889,000 | 624,000 | 2 | 3 | 4 | |
| Depreciation and amortization | 397,000 | 2 | 3 | 21 | 912,677 | |
| Impairment of goodwill | 0 | 7 | 0 | — | — | |
| Impairment of intangible assets | 2 | 3 | 0 | — | — | |
| Restructuring charges | 2 | 2 | 0 | — | — | |
| Total operating expenses | 18 | 35 | 38 | 54 | 45 | |
| Loss from operations | −13 | −27 | −12 | −38 | −29 | |
| Interest expense | −2 | −869,000 | −3 | −8 | −2 | |
| Accretion of debt discount | −150,000 | −2 | −13 | −14 | — | |
| Legal settlement expense | −905,000 | −2 | −4 | 0 | −364,124 | |
| Other income (expense), net | 260,000 | −330,000 | −2 | −405,000 | −586,390 | |
| Total other expense, net | −3 | −6 | −41 | −11 | −6 | |
| Loss from continuing operations before income taxes | −16 | −33 | −53 | −49 | −35 | |
| Provision for income taxes | 318,000 | 390,000 | 289,000 | −8,000 | 4,906 | |
| Net loss from continuing operations | −16 | −33 | — | — | — | |
| (Loss) income from discontinued operations, net of tax | −1 | 6 | — | — | — | |
| Net loss | −18 | −27 | −53 | −49 | −35 | |
| Foreign currency translation gain (loss) | 1 | −2 | 44,000 | 357,000 | — | |
| Total comprehensive loss | −16 | −28 | −53 | −49 | — | |
| Basic (in Dollars per share) | −29.33 | −140.25 | −10.11 | — | — | |
| Diluted (in Dollars per share) | −29.33 | −140.25 | −10.11 | — | — | |
| Basic (in Shares) | 597,473 | 191,262 | 5 | — | — | |
| Diluted (in Shares) | 597,473 | 191,262 | 5 | — | — |
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 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Cash | 7 | 3 | 12 | 14 | 7 | |
| Restricted cash | 7,000 | 89 | 61 | 27 | 31 | |
| USDC | 2 | 0 | — | — | — | |
| Accounts receivable, net of allowance for credit losses of $34 and $206, respectively | 1 | 1 | 859,000 | 1 | 790,000 | |
| Prepaid and other current assets | 1 | 2 | 3 | 10 | 8 | |
| Total current assets | 11 | 95 | 90 | 59 | — | |
| Goodwill | 0 | 19 | 27 | 27 | — | |
| Intangible assets, net | 255,000 | 2 | 5 | 7 | — | |
| Operating lease right-of-use assets, net | 1 | 3 | 4 | 2 | — | |
| Other assets | 308,000 | 3 | 2 | 2 | — | |
| Total non-current assets | 2 | 27 | 39 | 38 | — | |
| Total assets | 13 | 122 | 129 | 98 | — | |
| Accounts payable | 2 | 4 | 2 | 2 | — | |
| Accrued liabilities | 7 | 8 | 6 | 3 | — | |
| Payment processing liabilities, net | 418,000 | 91 | 77 | 29 | — | |
| Current portion of operating lease liabilities | 705,000 | 839,000 | 692,000 | 534,000 | — | |
| Other current liabilities | 16,000 | 240,000 | 504,000 | 582,000 | — | |
| Total current liabilities | 10 | 104 | 86 | 37 | — | |
| Long term debt, net of debt discount of $0 and $1,556, respectively | 613,000 | 17 | 16 | 62 | — | |
| Operating lease liabilities, less current portion | 2 | 3 | 4 | 1 | — | |
| Total liabilities | 12 | 124 | 105 | 100 | — | |
| Common stock, par value $0.001, 100,000,000 shares authorized; 1,037,457 and 229,495 shares issued and outstanding at December 31, 2025 and 2024, respectively | 36,000 | 8,000 | 6,000 | 5,000 | — | |
| Additional paid-in capital | 198 | 179 | 176 | 97 | 100 | |
| Accumulated other comprehensive income | 0 | −1 | 401,000 | 357,000 | — | |
| Accumulated deficit | −197 | −179 | −153 | −100 | −84 | |
| Total stockholders equity/(deficit) | 668,000 | −1 | 23 | −2 | — | |
| Total liabilities and stockholders equity | 13 | 122 | 129 | 98 | — |
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 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 493,000 | 2 | 3 | 21 | 912,677 | |
| Noncash lease expense | 889,000 | 143,000 | 350,000 | 43,000 | 38,555 | |
| Restricted common stock issued for compensation | 0 | 182,000 | 0 | — | — | |
| Accretion of debt discount | 150,000 | 2 | 13 | 14 | 0 | |
| Derecognition expense on conversion of convertible debt | −176,000 | 600,000 | — | — | — | |
| Changes in fair value of derivative liability | 0 | −14,000 | −7 | −17 | −3 | |
| Loss on sale of Ryvyl EU | 6 | 0 | — | — | — | |
| Loss on sale of property and equipment | 6,000 | 0 | — | — | — | |
| Accounts receivable, net | −38,000 | −155,000 | 297,000 | −1 | 0 | |
| Prepaid and other current assets | 515,000 | 664,000 | 7 | −2 | −6 | |
| Cash due from gateways, net | 89,000 | 13 | −5 | −1 | −12 | |
| Other assets | −72,000 | −160,000 | −1 | −6,000 | 686,876 | |
| Accounts payable | −1 | 2 | 189,000 | 1 | 443,263 | |
| Accrued and other current liabilities | 301,000 | 1 | 2 | — | — | |
| Accrued interest | 0 | 366,000 | 546,000 | — | — | |
| Payment processing liabilities, net | −18 | 14 | 48 | — | 0 | |
| Net cash (used in) provided by operating activities | −23 | 21 | 33 | −9 | −27 | |
| Proceeds from sale of property and equipment | 4,000 | 0 | 3 | 0 | — | |
| Purchases of property and equipment | −79,000 | −47,000 | −108,000 | −162,000 | −158,858 | |
| Capitalized software development costs | −1 | −2 | 0 | — | — | |
| Purchase of intangibles | −233,000 | −114,000 | 0 | −500,000 | — | |
| Cash transferred in connection with the sale of Ryvyl EU | −75 | 0 | — | — | — | |
| Net cash used in investing activities | −76 | −2 | 2 | −46 | −3 | |
| Repayments of convertible debt | −13 | 0 | −3 | −6 | 77 | |
| Repayments of long-term debt | −5,000 | −12,000 | −15,000 | 0 | — | |
| Tax withholdings related to net settlement of equity awards | −24,000 | −229,000 | 0 | — | — | |
| Proceeds from short-term note payable | 15 | 0 | — | — | — | |
| Proceeds from issuance of common stock in public offering, net of issuance costs | 5 | 0 | — | — | — | |
| Proceeds from common warrant exercises | 2 | 0 | — | — | — | |
| Proceeds from issuance of Series C convertible preferred stock | 5 | 0 | — | — | — | |
| Net cash provided by (used in) financing activities | 14 | −241,000 | −3 | −10 | 116 | |
| Effect of exchange rates in cash and restricted cash | 904,000 | −430,000 | 44,000 | 357,000 | 0 | |
| Net (decrease) increase in cash and restricted cash | −85 | 19 | 32 | −49 | 88 | |
| Interest | 155,000 | 300,000 | — | — | — | |
| Income taxes | 761,000 | 848,000 | 199,000 | 0 | 0 |
Filings
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Frequently asked questions
What is RTB Digital, Inc.'s CIK number?
RTB Digital, Inc.'s SEC CIK number is 0001419275 (1419275). 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 RTB Digital, Inc.'s SEC filings?
All of RTB Digital, 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.