Ryvyl (RVYL) Q1 2026 earnings summary

Executive summary

• Completed merger with RTB Digital, Inc. on May 12, 2026, with RTB becoming a wholly owned subsidiary and the company renamed RTB Digital, Inc.

• Continued listing on Nasdaq after resolving minimum equity compliance through the merger.

• Operations now focused solely in North America after sale of European subsidiary in June 2025.

Financial highlights

• Revenue for Q1 2026 was $2.5 million, down 8.5% year-over-year due to absence of non-recurring revenue from Q1 2025.

• Net loss from continuing operations was $3.3 million, an improvement from $5.9 million loss in Q1 2025.

• Gross profit margin decreased to 44.2% from 49.4% year-over-year.

• Operating expenses decreased 27.8% to $4.2 million, driven by lower R&D, G&A, payroll, and restructuring costs.

• Cash and restricted cash at March 31, 2026, totaled $5.8 million.

Outlook and guidance

• Management expects continued operating losses and liquidity challenges for at least the next 12 months.

• Plans to address liquidity include further capital raises, M&A, business development, and cost controls.