Leafbuyer Technologies, Inc. reported its financial results for the three and nine months ended March 31, 2026, revealing a significant decline in revenue and profitability compared to the same period in the previous fiscal year. The company generated $1.1 million in revenue for the three months ended March 31, 2026, a decrease of 35% from $1.7 million in the same period in 2025. For the nine-month period, revenue fell to $3.1 million from $5.1 million, marking a 39% decline. The gross profit for the three months was $605,453, down 25% from $810,869, while the nine-month gross profit decreased to $1.5 million from $2.3 million.
The decline in revenue is attributed to regulatory changes from the Federal Communications Commission (FCC) that affected SMS/MMS marketing strategies, leading to reduced messaging activity among customers. The company has been restructuring its platform to ensure compliance with these new regulations, which management believes will help recover lost revenue in the future. Despite the revenue drop, Leafbuyer reported a net income of $139,419 for the three months ended March 31, 2026, compared to $235,154 in the prior year, and a net income of $14,796 for the nine months, down from $321,471.
Operationally, Leafbuyer has focused on expanding its technology platform, which serves cannabis dispensaries and product companies. The company has been actively pursuing new customer acquisition strategies and enhancing its product offerings, including a customizable white-label application for dispensaries. As of March 31, 2026, Leafbuyer had $956,154 in cash and cash equivalents, with a working capital deficit of $906,679, indicating a reliance on future financing to sustain operations.
The company’s total liabilities decreased slightly to $2.5 million from $2.6 million, while total equity remained in a deficit position at $(1.4 million). Leafbuyer continues to face challenges in the highly regulated cannabis industry, which is projected to grow significantly in the coming years. Management is optimistic about future growth opportunities through geographic expansion and potential acquisitions, although there are no guarantees regarding the success of these initiatives.
Looking ahead, Leafbuyer aims to stabilize its operations and improve financial performance by navigating the regulatory landscape and enhancing customer engagement through its technology platform. The company acknowledges the uncertainty surrounding its ability to continue as a going concern, emphasizing the need for profitable operations and additional financing to meet its obligations.
About LEAFBUYER TECHNOLOGIES, INC.
Leafbuyer Technologies, Inc. operates a marketing technology platform serving the legal cannabis industry. It provides dispensaries and product companies with tools for customer acquisition, retention, online ordering, and targeted messaging via SMS, MMS, and branded apps. The company leverages real-time deal posting, data segmentation, and white-label solutions to enhance consumer engagement and grow market share across multiple states.
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