AppTech Payments Corp. Reports 283% Revenue Growth but $1.86 Million Net Loss in Q2 2025

AppTech Payments Corp. reported significant financial performance improvements in its latest 10-Q filing for the second quarter of 2025. The company generated revenues of approximately $291,000 for the three months ended June 30, 2025, a substantial increase of 283% compared to $76,000 in the same period of 2024. For the first half of 2025, revenues reached $508,000, up 181% from $181,000 in the prior year. The increase in revenue was primarily attributed to growth in the company's Independent Sales Organization (ISO) and lending revenue streams.

Despite the revenue growth, AppTech reported a net loss of $1.86 million for the second quarter of 2025, an improvement from a net loss of $2.92 million in the same quarter of 2024. For the six months ended June 30, 2025, the net loss was $4.5 million, compared to $5.96 million in the same period of the previous year. The company’s operating expenses decreased significantly, with general and administrative expenses dropping to $1.16 million from $2.32 million year-over-year, reflecting cost-cutting measures and a reduction in professional fees and salaries.

In terms of strategic developments, AppTech completed the acquisition of Alliance Partners, LLC, in October 2023, which was aimed at enhancing its software capabilities. The acquisition was finalized for $2 million in cash and the assumption of certain liabilities, allowing AppTech to integrate Alliance Partners' intellectual property and personnel into its operations. The company also reported a restructuring of its senior leadership in late 2024 to improve financial conditions and reduce debt.

Operationally, AppTech's cash and cash equivalents decreased to $138,000 as of June 30, 2025, down from $868,000 at the end of 2024. The company’s total assets also declined to $6.49 million from $8.99 million during the same period. The company’s employee headcount and customer engagement metrics were not disclosed in the filing, but the company noted that it continues to focus on enhancing its digital payment and banking technologies through its FinZeo platform, which offers a range of financial services.

Looking ahead, AppTech's management expressed confidence in the potential for revenue generation from its new product offerings and is actively pursuing additional funding options to support its operations. However, the company acknowledged ongoing challenges, including recurring operating losses and the need for continued financial restructuring. The management team remains committed to enhancing shareholder value and aims to uplist to a national exchange before the end of the fiscal year, contingent on meeting regulatory requirements.