Ryvyl (RVYL) Q2 2026 earnings summary

Executive summary

• Revenue for the quarter ended June 30, 2026, increased 350% year-over-year to $2.3 million, driven by the addition of Fintech Operations following the Ryvyl Inc. merger and growth in Platform Operations revenue.

• Net loss for the quarter was $9.6 million, compared to $0.1 million in the prior year, reflecting higher operating expenses and non-cash charges related to the merger and warrant settlements.

• The company completed a merger with Ryvyl Inc. on May 12, 2026, adding a new Fintech Operations segment and significantly expanding its business scope.

Financial highlights

• Three-month revenue rose to $2.3 million from $0.5 million year-over-year; six-month revenue reached $2.9 million, up from $1.0 million.

• Gross profit for the quarter was $0.9 million, up from $0.3 million; gross margin was 37.4%.

• Operating expenses surged to $9.8 million for the quarter, mainly due to merger-related costs, increased headcount, and non-cash warrant settlement charges.

• Net loss per share was $(1.24) for the quarter, compared to $(0.04) in the prior year.

Outlook and guidance

• Management expects continued growth in both Platform and Fintech segments, leveraging expanded user base and new payment processing capabilities.

• The company believes existing liquidity is sufficient for at least the next 12 months but may seek additional capital for further expansion.