$RTB

RTB Digital, Inc.

CIK:0001419275|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 2,328	$ 517	$ 2,881	$ 962
Cost of revenue	1,457	229	1,827	551
Gross profit	871	288	1,054	411
Operating expenses:
Research and development	262	117	447	220
Selling and marketing	2,015	319	3,451	504
General and administrative	7,525	475	9,747	870
Total operating expenses	9,802	911	13,645	1,594
Loss from operations	(8,931)	(623)	(12,591)	(1,183)
Other income (expense):
Loss on sale of crypto assets	(156)	0	(400)	0
Change in fair value of March 2026 convertible note and related instruments	(405)	0	(405)	0
Change in fair value of crypto assets	(150)	31	(1,025)	0
Gain on sale of short-term investments	0	471	0	471
Legal Settlements expense	70	0	70	0
Other (expense) income	2	3	2	3
Total other (expense)/income, net	(639)	505	(1,758)	474
Loss from operations before income taxes	(9,570)	(118)	(14,349)	(709)
Provision for income taxes	13	0	13	0
Net loss	$ (9,583)	$ (118)	$ (14,362)	$ (709)
Net loss per share:
Net loss per share, Basic (in Dollars per share)	$ (1.24)	$ (0.04)	$ (2.42)	$ (0.21)
Net loss per share, Diluted (in Dollars per share)	$ (1.24)	$ (0.04)	$ (2.42)	$ (0.21)
Weighted average number of common shares outstanding:
Weighted average number of common shares outstanding, Basic (in Shares)	7,735,490	3,345,170	5,940,332	3,301,164
Weighted average number of common shares outstanding, Diluted (in Shares)	7,735,490	3,345,170	5,940,332	3,301,164

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net loss	$ (14,362)	$ (709)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	435	120
Noncash lease expense	(82)	0
Change in fair value of March 2026 convertible note and related instruments	434	0
Change in fair value on convertible note and warrants	(29)	0
Stock compensation expense	417	169
Stock issued for services	878	0
Loss on sale of crypto assets	400	0
Gain on sale of short-term investments	0	(471)
Unrealized loss on crypto assets	1,025	0
Change in operating assets and liabilities net of effect of acquisitions:
Accounts receivable, net	314	(90)
Prepayments and other current assets	(88)	(125)
Contractual right to offset	13	130
Accounts payable	3,503	387
Accrued liabilities	2,087	(2)
Unearned revenue	(63)	75
Other liabilities	(51)	(130)
Net cash used in operating activities	(5,169)	(646)
Cash flows from investing activities
Proceeds from sale of crypto assets	10,219	0
Outflows from the issuance of note receivable	(500)	0
Proceeds from related party notes receivable repayments	42	0
Proceeds from sale of short-term investments	0	546
Proceeds from issuance of SAFE notes payables	0	1,120
Purchases of USDC	(450)	0
Purchase of property and equipment	0	(5)
Capitalized software development costs	(672)	(266)
Proceeds from settlement of short-term loan with Ryvyl at merger	500	0
Cash acquired through merger with Ryvyl Inc.	4,244	0
Nonrefundable deposit on digital media investment	(10,000)	0
Net cash provided by investing activities	3,383	1,395
Cash flows from financing activities
Repayments of long-term debt	(4)	0
Proceeds from March 2026 convertible note and warrants	2,000	0
Net cash provided by financing activities	1,996	0
Net increase in cash and cash equivalents, and restricted cash	210	749
Cash and cash equivalents, and restricted cash – beginning of period	534	8
Cash and cash equivalents, and restricted cash – end of period	744	757
Supplemental disclosure of cash flow information
Cash paid for interest	2	0
Cash paid for taxes	31	0
Supplemental disclosure of non-cash investing and financing activities
Purchase of equity investment in related party with USDC	300	0
Issuance of note receivable with USDC	1,300	0
Settlement of accounts payable with USDC	2,492	0
USDC proceeds from sale of crypto assets	719	0
USDC proceeds from stock option exercise	275	$ 0
Convertible debt conversions to common stock	$ 1,401

CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 492	$ 534
Restricted cash	252
USDC	95	10,964
Accounts receivable, net	1,088	147
Notes receivable, current	1,800	0
Deposit on digital media investment	10,000	0
Contractual right to offset	0	13
Prepayments and other current assets	1,405	67
Total current assets	15,132	11,725
Investment in crypto assets	2,071	5,222
Investment in Ryvyl	0	6,500
Related party note receivable, net	4,167	4,208
Acquired and other intangible assets, net	10,882	825
Goodwill	11,116	0
Operating lease right-of-use assets, net	101	0
Other assets	595	34
Total assets	44,064	28,514
Current liabilities:
Accounts payable	5,090	1,751
Accrued expenses	5,165	40
Current portion of operating lease liabilities	723	0
Unearned revenue	46	109
Other current liabilities	13	13
Total current liabilities	11,037	1,913
Operating lease liabilities, less current portion	1,190	0
March 2026 convertible note and warrants – price protection feature	902	0
Long term debt, net	607	0
Total liabilities	13,736	1,913
Stockholders’ equity (deficit):
Common stock, par value $0.001, 500,000,000 shares authorized; 13,301,694 and 4,165,106 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	14	4
Additional paid-in capital	58,462	40,383
Accumulated deficit	(28,148)	(13,786)
Total stockholders’ equity	30,328	26,601
Total liabilities and stockholders’ equity	$ 44,064	$ 28,514