RTB Digital, Inc.

Listed Company

RVYLCIK 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 Inc. is a financial technology company that develops software platforms and tools to enable global payment acceptance and disbursement services. Its main offerings include its transitioned QuickCard product, the second-generation dual-sided NEMS Core platform, treasury management, global IBAN issuance, card issuing, BIN sponsorship, ACH and wire transfers, FX services, and EMI-related solutions. The company operates through business segments focused on payment processing, acquiring, issuing, treasury and EMI services. It serves Europe and North America through direct platforms, licensing arrangements and partnerships to enable cross-border payments.

Summary from filing dated 2025-03-28

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	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	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	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

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