Eva Live (GOAI) Q4 2025 earnings summary

Executive summary

• Revenue for FY2025 was $17.0M, up 82.6% year-over-year, driven by increased client spending and a rise in active clients from 15 to 20.

• Net income for FY2025 was $8.1M, a turnaround from a net loss of $3.8M in FY2024, due to higher revenue and improved operating leverage.

• The company operates a proprietary AI-driven digital advertising platform, with a business model focused on principal-based media buying and monetization services for North American clients.

• Top three customers accounted for over 61% of revenue, highlighting significant customer concentration risk.

• The company uplisted to Nasdaq in January 2026 and completed several debt financings to support working capital and growth initiatives.

Financial highlights

• FY2025 revenue: $17,037,328 (up from $9,330,971 in FY2024).

• FY2025 net income: $8,127,313 (vs. net loss of $3,753,268 in FY2024).

• Operating expenses for FY2025: $8,817,071 (51.8% of revenue), down from $13,055,886 (140% of revenue) in FY2024.

• General & administrative expenses fell 76% year-over-year, mainly due to lower share-based compensation and reduced financing costs.

• Media traffic expenses increased 24% to $6.9M, but declined as a percentage of revenue (40.6% in 2025 vs. 59.7% in 2024).

• Cash at year-end 2025: $202,524; working capital surplus: $9.7M; accumulated deficit: $20.3M.

Outlook and guidance

• Management plans to invest at least $500,000 in sales and marketing over the next 12 months to drive growth.

• The company expects to require additional capital to fund operations and growth, with plans to seek further equity or debt financing.

• Management is focused on expanding the client base, increasing market share, and further developing AI-driven AdTech solutions.