Bubblr Inc. reported its financial results for the first quarter of 2026, revealing a revenue of $436,000, a decrease of approximately 32% from $641,000 in the same period of 2025. The company incurred a net comprehensive loss of $123,833, significantly improved from a loss of $278,556 in the prior year. Operating expenses for the quarter totaled $299,333, down from $306,479 in the previous year, primarily due to reductions in general and administrative costs and sales and marketing expenses.
The company's total assets decreased to $1,203,225 as of March 31, 2026, from $1,281,404 at the end of 2025. This decline was driven by a reduction in intangible assets, which fell to $1,183,734 from $1,262,933. Current liabilities increased slightly to $2,960,603, compared to $2,918,193 at the end of the previous fiscal year. Notably, the accumulated deficit grew to $18,273,626, up from $18,131,202, reflecting ongoing challenges in achieving profitability.
Bubblr has made strategic moves to enhance its market position, including the launch of its first enterprise product, which is expected to drive revenue growth. The company continues to focus on securing additional operating funds through equity or debt offerings, although management has acknowledged the uncertainty surrounding these efforts. As of March 31, 2026, the company had 191,859,487 shares of common stock outstanding, an increase from 177,588,785 shares at the end of 2025.
Operationally, Bubblr reported a slight increase in customer engagement, with a focus on expanding its geographic reach. The company is actively working on product adoption rates, particularly in North America, where it generated all of its revenue for the quarter. The company’s employee headcount remains stable, supporting its ongoing development and operational needs.
Looking ahead, Bubblr's management remains cautious but optimistic about the future, emphasizing the importance of achieving a revenue level sufficient to generate adequate cash flow from operations. The company is also exploring alternative sources of working capital to support its operations, although it faces significant challenges in securing necessary financing. The outlook for the remainder of 2026 will depend on the successful execution of its strategic initiatives and the overall market conditions.
About Bubblr Inc.
Bubblr, Inc., operating as Ethical Web AI, develops patented artificial intelligence-driven search technologies offering consumer and enterprise solutions focused on data privacy and ethical digital engagement. Its core products include AI Seek, a generative AI search tool tailored for secure enterprise use, and the Ethical Web Platform, a decentralized, ad-free marketplace empowering local communities and small businesses. Bubblr targets sectors like finance, healthcare, and education, leveraging proprietary AI to enhance search accuracy and user anonymity.
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