RTB Digital Reports 350% Revenue Growth to $2.3 Million, Faces $9.6 Million Net Loss

RTB Digital, Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending June 30, 2026, following its merger with Ryvyl Inc. The company achieved revenues of $2.3 million for the quarter, a substantial increase of 350.3% compared to $517,000 in the same period last year. For the first half of 2026, total revenue reached $2.9 million, up 199.5% from $962,000 in the first half of 2025. The growth was primarily driven by the newly acquired Fintech Operations segment, which contributed $1.7 million in revenue, while the Platform Operations segment saw a modest increase of $0.1 million.

Despite the revenue growth, RTB Digital reported a net loss of $9.6 million for the quarter, compared to a loss of $118,000 in the prior year. The loss for the first half of 2026 was $14.4 million, significantly higher than the $709,000 loss recorded in the same period of 2025. The increase in losses was attributed to a rise in operating expenses, which surged to $9.8 million for the quarter, up from $911,000 a year earlier. This increase was largely due to higher selling and marketing expenses, which rose by $1.7 million, and general and administrative expenses, which increased by $7 million, reflecting costs associated with the merger and the expansion of operations.

Operationally, RTB Digital's customer base expanded significantly, with over 150 new sports partners joining the company in 2026. The company also reported an increase in its employee headcount, which is expected to support its growth strategy. The merger with Ryvyl Inc. has allowed RTB Digital to diversify its operations into the Fintech sector, which is anticipated to enhance its market position and revenue streams. The company is focusing on integrating the legacy business acquired from Ryvyl and optimizing its operational efficiencies.

Looking ahead, RTB Digital's management expressed confidence in the company's ability to meet its working capital needs for at least the next 12 months, supported by existing cash reserves and potential future capital raises. The company held approximately $0.5 million in cash and $0.3 million in restricted cash as of June 30, 2026, along with $2.1 million in crypto assets. The management is optimistic about the growth potential of both the Platform and Fintech Operations segments, although they acknowledged the challenges of integrating the newly acquired business and managing increased operational costs.