Quotemedia Reports 10% Revenue Growth to $5.15 Million in Q3 2025

Quotemedia, Inc. reported its financial results for the third quarter of 2025, revealing a revenue increase of 10% to $5.15 million compared to $4.70 million in the same period of 2024. For the nine-month period ending September 30, 2025, total revenue reached $14.91 million, up from $14.05 million year-over-year. The company’s gross profit for the quarter was $2.50 million, reflecting a gross margin of 48%, an increase from 46% in the prior year. However, Quotemedia recorded a net loss of $367,192 for the quarter, a decrease from a loss of $440,941 in the same period last year. For the nine-month period, the net loss widened to $1.72 million from $720,290 in 2024.

The company experienced notable changes in its operational metrics, with total operating expenses rising by 11% to $2.87 million for the quarter, driven primarily by a 74% increase in software development costs. This increase was attributed to a higher proportion of development salaries being expensed rather than capitalized, as more time was spent on system maintenance. In contrast, general and administrative expenses decreased by 25% due to reduced bad debt expenses and a downsizing of office space in Vancouver, effective September 1, 2025. The company’s cash reserves decreased to $281,143 from $585,319 at the end of 2024, reflecting a net cash outflow of $304,176 during the period.

Quotemedia's customer base and product adoption metrics indicate a positive trend, with the Corporate Quotestream service generating $2.11 million in revenue, an 18% increase from the previous year. The Individual Quotestream service remained stable, with a slight increase of 1% in revenue. The company continues to focus on expanding its Interactive Content and Data APIs, which saw a 5% revenue increase for the quarter. The company’s deferred revenue stood at $2.15 million, with $1.99 million classified as current, indicating a solid pipeline of future revenue.

Looking ahead, Quotemedia plans to enhance its product offerings and infrastructure, with a focus on leveraging artificial intelligence to improve efficiency and expand its market presence. The company aims to continue its growth trajectory by enhancing its Quotestream product line and expanding its Data Feed Services. Despite the challenges posed by market conditions, including inflation and geopolitical tensions, Quotemedia anticipates that its revenue growth will continue to improve through the remainder of fiscal 2025, supported by contracts already in place. However, the company acknowledges the potential need for additional financing to support its operational plans, which may be influenced by market conditions.