United States Securities and Exchange Commission · EDGAR Accession 0001532978-26-000003

Form C-AR

Annual Report — Regulation Crowdfunding
Campaign file 020-27789
Issuer CIK 1532978
Period 2025-12-31

Gumroad, Inc.

CorporationDEIncorporated 2011San Francisco, CAgumroad.com
B

Financial Condition

two fiscal years, as filed
Revenue −6% YoYDebt / assets 35%2 employees
Line itemMost recent FYPrior FYΔ
Revenue17,785,73018,951,308▼ 6%
Cost of goods sold6,078,8225,923,421▲ 3%
Net income3,792,1794,290,423▼ 12%
Total assets11,948,94716,720,735▼ 29%
Cash & equivalents6,153,26913,821,886▼ 55%
Accounts receivable00
Short-term debt4,191,9564,635,821▼ 10%
Long-term debt00
Taxes paid1,815,741354,538▲ 412%

Figures in USD as reported by the issuer.

C

Campaign Timeline

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