Bubblr Inc. reported its financial results for the third quarter and the nine months ended September 30, 2025, revealing a decline in revenue and an increase in net losses compared to the previous fiscal period. For the third quarter, the company generated $1.365 million in sales, a decrease of 3.5% from $1.415 million in the same period last year. For the nine months, revenue fell to $2.718 million from $4.087 million, marking a 33.5% decline. The gross profit for the third quarter was $1.265 million, slightly down from $1.275 million in 2024, while the nine-month gross profit decreased to $2.518 million from $2.936 million.
The company's operating expenses significantly decreased to $214.5 million for the third quarter, down from $471.9 million in the prior year, and for the nine months, operating expenses fell to $872.9 million from $1.627 billion. Despite these reductions, Bubblr reported a net loss of $235.8 million for the third quarter, compared to a loss of $496.8 million in the same quarter of 2024. The nine-month net loss was $886.6 million, down from $1.632 billion in the previous year. The accumulated deficit as of September 30, 2025, stood at $17.747 million, an increase from $17.012 million at the end of 2024.
In terms of strategic developments, Bubblr has been focusing on its product offerings, particularly the launch of its first enterprise product, which is expected to drive revenue growth. The company has also been active in securing financing, having issued $345.7 million in convertible loan notes during the period. Additionally, the company’s employee headcount has increased, reflecting its ongoing efforts to enhance operational capabilities.
Operationally, Bubblr reported a total of 173.4 million shares of common stock outstanding as of September 30, 2025, up from 159.9 million shares at the end of 2024. The company’s cash position has significantly decreased to $696,000 from $41.2 million at the end of the previous year, indicating a tightening liquidity situation. The company’s current liabilities exceeded current assets by $2.6 million, raising concerns about its ability to meet short-term obligations.
Looking ahead, Bubblr's management expressed intentions to secure additional operating funds through equity or debt offerings to support its working capital requirements. However, the filing noted significant uncertainty regarding the company's ability to generate sufficient revenue or secure necessary financing, which could impact its ongoing operations. The company’s future performance remains contingent on the successful launch and adoption of its products, as well as its ability to navigate the current 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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