CreditRiskMonitor.com, Inc. reported its financial results for the first quarter of 2026, revealing operating revenues of $4.99 million, a 2% increase from $4.87 million in the same period of 2025. The growth in revenue was attributed to increased sales of its Software-as-a-Service (SaaS) subscription products, driven by both new and existing subscribers, as well as price adjustments. However, the company experienced a net income of $58,312, a significant decline from $159,062 in the prior year, reflecting a loss from operations of $93,727 compared to an income of $25,367 in the first quarter of 2025.
The company's operating expenses rose to $5.08 million, up from $4.85 million year-over-year. This increase was primarily due to a 10% rise in data and product costs, which amounted to $2.52 million, influenced by the addition of senior technology leadership and higher hosting costs. Selling, general, and administrative expenses saw a slight increase of 1%, totaling $2.51 million, driven by higher professional fees. The company also reported a decrease in depreciation and amortization expenses, which fell to $53,820 from $85,720.
In terms of operational metrics, CreditRiskMonitor's cash and cash equivalents decreased to approximately $5.72 million as of March 31, 2026, down from $6.25 million at the end of 2025. The company maintained a strong liquidity position with a current ratio of 1.79 and a quick ratio of 1.70. The total held-to-maturity securities, primarily U.S. Treasury securities, increased slightly to $12.65 million from $12.62 million. The company reported a working capital of $9.60 million, indicating a solid financial foundation to support its operations.
Looking ahead, CreditRiskMonitor plans to expand its product offerings and enhance its value proposition to subscribers. The company acknowledges potential challenges, including economic uncertainties that may affect subscriber spending and the impact of advancements in artificial intelligence on the SaaS industry. Management remains focused on achieving sustainable, profitable growth while navigating these market conditions. The company believes its existing cash balances and operational cash flow will be sufficient to meet its anticipated cash requirements for at least the next 12 months, although future acquisitions or product licenses may necessitate additional capital.
About CREDITRISKMONITOR COM INC
CreditRiskMonitor.com is a provider of SaaS subscription products that analyze business-to-business corporate financial risk. Its primary offerings include credit risk reports, bankruptcy prediction scores, and supply chain risk management tools. Serving corporate credit and procurement professionals worldwide, the company leverages proprietary algorithms and extensive data sources to deliver high-accuracy risk analytics, helping clients manage trade credit, supply chain stability, and financial distress efficiently.
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