RTB Digital, Inc. RTB
is a financial technology company that provides global payment acceptance and disbursement solutions. Ryvyl enables merchants to accept
credit card payments through arrangements with third-party acquiring banks and payment processors. Credit card payment processing services
represent the substantial majority of Ryvyl's revenues. In addition, Ryvyl offers NEMS Core, an internally developed disbursements
platform launched in late 2024 that enables businesses to seamlessly and efficiently distribute funds.
Last close
11.44
2026-09-04
Market cap
$160.3M
2026-06-30 share count
52-week range
3.25 - 20.75
Valuation FY2025 figures against the last close
P/S14.4x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-29.33
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1M | $18.2M | $65.9M | $32.9M | $26.3M | $8.5M | $10.0M | $910.8K | $0 | $1.7M |
| Cost of revenue | $5.8M | $10.8M | $40.2M | $16.8M | $10.1M | $4.8M | $11.1M | $670.5K | $0 | $817.3K |
| Gross profit | $5.3M | $7.4M | $25.7M | $16.1M | $16.2M | $3.7M | -$1.1M | $240.3K | $0 | $898.2K |
| R&D | $559.0K | $3.8M | $5.8M | $6.3M | $3.9M | $1.4M | $1.3M | $376.9K | $46.2K | — |
| SG&A | $4.4M | $3.0M | $8.7M | $6.6M | $16.9M | $800.1K | $750.1K | $302.3K | $9.3K | $784.8K |
| Total operating expenses | $18.5M | $34.6M | $38.0M | $54.0M | $45.4M | $8.8M | $4.5M | $2.0M | $139.1K | $784.8K |
| Operating income | -$13.1M | -$27.2M | -$12.3M | -$37.8M | -$29.2M | -$5.1M | -$5.6M | -$1.7M | -$139.1K | $113.4K |
| Interest expense | $1.8M | $869.0K | $3.3M | $8.2M | $1.9M | $359.5K | $604.5K | $106.8K | $0 | $22.1K |
| Pre-tax income | -$15.7M | -$32.7M | -$52.8M | -$49.2M | -$35.3M | -$5.0M | -$4.7M | -$1.9M | $0 | $94.9K |
| Income tax | $318.0K | $390.0K | $289.0K | $8.0K | $4.9K | $0 | $0 | $0 | $0 | $37.0K |
| Net income | -$17.5M | -$26.8M | -$53.1M | -$49.2M | -$35.3M | -$5.0M | -$4.7M | -$1.9M | -$139.3K | $57.9K |
| EPS, basic | -29.33 | -140.25 | -10.11 | — | — | — | — | — | — | — |
| EPS, diluted | -29.33 | -140.25 | -10.11 | — | — | -0.17 | -0.17 | -0.02 | 0.01 | 0.00 |
| Shares, diluted (wtd. avg.) | $597.5K | $191.3K | $5.3M | — | — | — | — | — | $14.4M | $14.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.4M | $2.6M | $73.3M | $40.8M | $89.6M | $35.6M | $763.1K | $285.0K | $83.4K | $0 |
| Receivables | $1.1M | $1.1M | $859.0K | $1.2M | $75.0K | $10.0K | $70.3K | $50.0K | $0 | — |
| Inventory | — | — | — | $302.0K | $286.4K | $0 | — | — | — | — |
| Total current assets | $11.1M | $95.4M | $89.9M | $59.2M | $96.6M | $12.0M | $12.1M | $1.0M | $86.7K | $62.4K |
| Property, plant and equipment | $67.0K | $165.0K | $306.0K | $1.7M | $1.7M | $57.3K | $66.5K | $30.7K | $6.1K | $60.7K |
| Goodwill | $0 | $18.9M | $26.8M | $26.8M | $6.5M | $0 | — | — | — | — |
| Other intangibles | $255.0K | $1.8M | $5.1M | $6.7M | $7.6M | $0 | — | — | — | — |
| Total assets | $13.1M | $122.3M | $128.7M | $97.7M | $114.0M | $12.3M | $12.4M | $1.0M | $92.8K | $123.0K |
| Accounts payable | $2.2M | $3.5M | $1.8M | $1.6M | $280.0K | $42.0K | $504.5K | $127.0K | $32.0K | $70.0K |
| Short-term debt | — | $12.0K | $15.0K | $14.0K | $0 | $1.1M | $773.7K | $0 | $0 | $4.9K |
| Total current liabilities | $10.0M | $103.5M | $85.5M | $36.7M | $24.2M | $11.7M | $17.6M | $1.9M | $32.0K | $722.1K |
| Long-term debt | — | $17.4M | $15.9M | $61.7M | $59.3M | $149.9K | $0 | $75.0K | $0 | $2.5K |
| Total liabilities | $12.4M | $123.8M | $105.2M | $99.6M | $84.6M | $11.9M | $17.7M | $2.0M | $32.0K | $736.9K |
| Retained earnings | -$196.9M | -$179.4M | -$152.6M | -$99.8M | -$28.9M | -$28.6M | -$6.7M | -$2.0M | -$139.3K | $274.0K |
| Total equity | $668.0K | -$1.5M | $23.5M | -$1.9M | $29.5M | -$2.7M | -$5.4M | -$919.3K | $60.8K | -$613.9K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.0M | $21.2M | $33.2M | -$9.3M | -$23.0M | -$4.2M | -$156.7K | -$1.6M | -$110.5K | $29.9K |
| Depreciation and amortisation | $493.0K | $2.3M | $2.6M | $20.9M | $912.7K | $15.9K | $14.0K | $6.6K | $209 | $10.5K |
| Stock-based compensation | $889.0K | $624.0K | $1.9M | $3.0M | $3.7M | $3.0M | $86.5K | $0 | — | — |
| Capital expenditure | $79.0K | $47.0K | $108.0K | $162.0K | $158.9K | $6.6K | $49.8K | $31.3K | $6.3K | $3.7K |
| Investing cash flow | -$76.3M | -$1.8M | $2.3M | -$46.4M | -$2.7M | -$6.6K | -$49.8K | -$31.3K | -$6.3K | -$3.7K |
| Financing cash flow | $13.9M | -$241.0K | -$3.0M | -$10.0M | $111.9M | $5.2M | $684.7K | $1.8M | $200.1K | -$40.2K |
| Buybacks | — | — | — | $3.2M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001185185-26-001363.
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