RVYL · Ryvyl Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54M | - | $2.79M | $2.78M | $15.13M | - | $12.61M | $11.90M | $16.77M | - |
| Cost of Revenue | $1.41M | - | $1.39M | $1.56M | $8.42M | - | $7.75M | $7.15M | $9.74M | - |
| Gross Profit | $1.12M | - | $1.39M | $1.22M | $6.71M | - | $4.86M | $4.75M | $7.03M | - |
| R&D | $75.0K | - | ($216.0K) | $129.0K | $449.0K | - | $815.0K | $819.0K | $1.39M | - |
| SG&A | $767.0K | - | $924.0K | $1.35M | $1.54M | - | $1.44M | $1.62M | $2.04M | - |
| Total Operating Expenses | $4.16M | - | $3.20M | $4.50M | $7.56M | - | $7.34M | $15.64M | $8.94M | - |
| D&A | $33.0K | - | ($12.0K) | $159.0K | $133.0K | - | $590.0K | $578.0K | $657.0K | - |
| Operating Income | ($3.04M) | - | ($1.81M) | ($3.29M) | ($848.0K) | - | ($2.48M) | ($10.89M) | ($1.91M) | - |
| Interest Expense | - | - | - | - | $1.10M | - | - | - | - | - |
| Income Tax | $4.0K | - | $0 | $164.0K | $483.0K | - | $586.0K | $439.0K | $190.0K | - |
| Net Income | ($3.29M) | - | ($1.95M) | ($8.41M) | ($2.76M) | - | ($5.17M) | ($12.11M) | ($2.69M) | - |
| EPS - Basic | ($2.67) | - | ($2.45) | ($28.00) | ($15.75) | - | ($21.00) | ($65.80) | - | - |
| EPS - Diluted | ($2.67) | - | ($2.45) | ($28.00) | ($15.75) | - | ($26.60) | ($81.55) | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.51M | $7.42M | $1.16M | $210.0K | $2.98M | $2.60M | $4.26M | $6.39M | $10.52M | $12.18M |
| Accounts Receivable | $922.0K | $1.11M | $839.0K | $888.0K | $958.0K | $1.08M | $851.0K | $793.0K | $1.07M | $859.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $2.62M | $2.24M | $1.70M | $5.17M | $4.25M | $3.52M | $2.99M | $3.16M | $1.32M | $1.82M |
| Current Assets | $9.25M | $11.14M | $19.78M | $16.63M | $79.83M | $95.38M | $95.71M | $79.50M | $94.26M | $89.86M |
| Total Assets | $9.90M | $13.10M | $23.41M | $20.60M | $108.07M | $122.28M | $127.31M | $109.03M | $131.87M | $128.66M |
| Current Liabilities | $8.90M | $10.01M | $24.02M | $24.71M | $103.91M | $103.54M | $100.14M | $79.66M | $91.06M | $85.54M |
| Long-term Debt | - | - | - | - | $4.59M | $17.36M | $17.71M | $17.44M | $16.82M | $15.91M |
| Total Liabilities | $10.87M | $12.43M | $26.64M | $27.54M | $111.16M | $123.77M | $120.99M | $100.40M | $111.40M | $105.17M |
| Stockholders' Equity | ($972.0K) | $668.0K | ($3.22M) | ($6.94M) | ($3.08M) | ($1.49M) | $6.32M | $8.63M | $20.47M | $23.49M |
| Retained Earnings | ($200.22M) | ($196.93M) | ($192.52M) | ($190.57M) | ($182.16M) | ($179.41M) | ($172.56M) | ($167.38M) | ($155.27M) | ($152.58M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.06M) | - | - | - | ($15.58M) | - | - | - | $15.53M | - |
| Investing Cash Flow | $0 | - | - | - | ($1.27M) | - | - | - | ($22.0K) | - |
| Financing Cash Flow | $391.0K | - | - | - | $2.00M | - | - | - | ($4.0K) | - |
| CapEx | $0 | - | - | - | $8.0K | - | - | - | $22.0K | - |
| Free Cash Flow | ($2.06M) | - | - | - | ($15.59M) | - | - | - | $15.50M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 44.2% | - | 50.0% | 43.8% | 44.4% | - | 38.5% | 39.9% | 41.9% | - |
| Operating margin | -120.0% | - | -65.0% | -118.1% | -5.6% | - | -19.7% | -91.5% | -11.4% | - |
| EBITDA margin | -118.7% | - | -65.4% | -112.4% | -4.7% | - | -15.0% | -86.7% | -7.4% | - |
| Net margin | -129.6% | - | -70.1% | -302.1% | -18.2% | - | -41.0% | -101.8% | -16.0% | - |
| Free cash flow margin | -81.5% | - | - | - | -103.0% | - | - | - | 92.4% | - |
| FCF / Net income | 0.63 | - | - | - | 5.66 | - | - | - | -5.77 | - |
| R&D / Revenue | 3.0% | - | -7.8% | 4.6% | 3.0% | - | 6.5% | 6.9% | 8.3% | - |
| SG&A / Revenue | 30.3% | - | 33.2% | 48.5% | 10.2% | - | 11.4% | 13.6% | 12.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -33.2% | - | -8.3% | -40.8% | -2.6% | - | -4.1% | -11.1% | -2.0% | - |
| Return on equity | 338.0% | - | 60.6% | 121.2% | 89.4% | - | -81.8% | -140.4% | -13.1% | - |
| Return on invested capital | - | - | - | - | -44.3% | - | -8.2% | -33.0% | -4.0% | - |
| Liquidity | ||||||||||
| Current ratio | 1.04 | 1.11 | 0.82 | 0.67 | 0.77 | 0.92 | 0.96 | 1.00 | 1.04 | 1.05 |
| Quick ratio | 1.04 | 1.11 | 0.82 | 0.67 | 0.77 | 0.92 | 0.96 | 1.00 | 1.04 | 1.05 |
| Cash ratio | 0.62 | 0.74 | 0.05 | 0.01 | 0.03 | 0.03 | 0.04 | 0.08 | 0.12 | 0.14 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | -1.49 | -11.64 | 2.80 | 2.02 | 0.82 | 0.68 |
| Debt / Assets | - | - | - | - | 0.04 | 0.14 | 0.14 | 0.16 | 0.13 | 0.12 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -0.8x | - | - | - | - | - |
| Equity multiplier | -10.18 | 19.61 | -7.27 | -2.97 | -35.07 | -81.95 | 20.13 | 12.64 | 6.44 | 5.48 |
| Liabilities / Assets | 1.10 | 0.95 | 1.14 | 1.34 | 1.03 | 1.01 | 0.95 | 0.92 | 0.84 | 0.82 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.12 | 0.14 | 0.14 | - | 0.10 | 0.11 | 0.13 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 133d | - | 110d | 116d | 23d | - | 25d | 24d | 23d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 677d | - | 445d | 1207d | 184d | - | 141d | 161d | 49d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 2.5x | - | 112.3x | 112.9x | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -83.2% | - | -77.9% | -76.6% | -9.8% | - | -27.9% | -19.9% | 48.6% | - |
| Revenue CAGR (3y) | -39.2% | - | -36.0% | -26.3% | 45.7% | - | 16.1% | 23.1% | 52.3% | - |
| Revenue CAGR (5y) | -11.8% | - | -1.8% | 4.0% | 140.7% | - | -3.1% | 29.2% | 76.9% | - |
| Gross profit growth (YoY) | -83.3% | - | -71.3% | -74.3% | -4.5% | - | -27.3% | -22.5% | 37.5% | - |
| Operating income growth (YoY) | -258.8% | - | 27.0% | 69.8% | 55.5% | - | -4.9% | -93.1% | 48.2% | - |
| Net income growth (YoY) | -19.2% | - | 62.3% | 30.6% | -2.5% | - | -66.0% | -0.9% | 66.3% | - |
| EPS growth (YoY) | 83.0% | - | 90.8% | 65.7% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 86.8% | - | - | - | - | - | - | - | -5.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 222.6% | - |
| Book value growth (YoY) | 68.5% | - | - | - | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Geographic
$56.00M totalInternational$37.84M · 67.6%
North America$18.16M · 32.4%
Peer comparison
Same SIC group: Services-Management Consulting Services
Comparing RYVYL Inc. against the 5 most active filers in the same SIC group.