Verb Technology Reports 5,638% Revenue Growth to $2.1 Million in Latest Quarter

Verb Technology Company, Inc. reported significant financial growth in its latest quarterly filing for the three months ended June 30, 2025, with revenues reaching $2.1 million, a substantial increase from $37,000 in the same period last year. This 5,638% rise in revenue is attributed primarily to the performance of its MARKET.live and Go Fund Yourself business units, which have begun to generate substantial service package revenues. However, the company also reported an operating loss of $2.9 million, slightly higher than the $2.4 million loss recorded in the prior year, reflecting increased operational costs associated with its growth initiatives.

In terms of expenses, Verb Technology's total costs rose to $5.1 million for the quarter, up from $2.4 million a year earlier. This increase was driven by higher costs of revenue, which grew from $31,000 to $611,000, and general and administrative expenses, which surged from $2.1 million to $4.1 million. The company also incurred depreciation and amortization expenses of $336,000, compared to $269,000 in the previous year, largely due to the acquisition of LyveCom, an AI-driven video commerce platform, which was finalized in April 2025.

The acquisition of LyveCom is a key strategic development for Verb Technology, enhancing its capabilities in the livestream shopping sector. The integration of LyveCom's technology is expected to allow for a more comprehensive omnichannel shopping experience, enabling brands to broadcast events across multiple platforms. This acquisition, along with the launch of new products and services, is part of Verb's strategy to expand its market presence and improve customer engagement.

Operationally, Verb Technology has seen a notable increase in customer engagement, with the number of users and customer accounts growing as the company continues to enhance its service offerings. The company reported a cash and restricted cash balance of $5.2 million as of June 30, 2025, down from $7.6 million at the end of 2024, reflecting cash used in operations and investments. The company also plans to implement a treasury strategy involving the acquisition of Toncoin, the native cryptocurrency of The Open Network, which it expects will bolster its financial position and market share.

Looking ahead, Verb Technology remains optimistic about its growth trajectory, driven by its expanding service offerings and strategic partnerships, particularly with platforms like TikTok. The company anticipates that its investments in technology and customer engagement will yield positive results, although it acknowledges the inherent risks associated with market conditions and operational execution. The management's forward-looking statements indicate a commitment to leveraging its recent acquisitions and partnerships to enhance shareholder value and drive future profitability.