RTB Digital (RTB) Financials
Ticker history: RVYL became RTB (RTB Digital, Inc.) on . Earlier news and filings retain their original names and dates. View RVYL history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q/A for Q2 FY2026, filed Sep 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RTB SEC filings page.
RTB Digital, Inc. (RTB) reported $12.7M in revenue over the twelve months to Jun 30, 2026, up 44.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
RTB Digital’s shrinking revenue base now combines better gross margins with cash losses and a balance sheet rebuilt around equity.
Cash conversion changed direction: FY2024 paired a net loss of$26.8M with operating cash flow of$21.2M . In FY2025, operating cash flow turned negative at-$23.0M even as net loss narrowed to$17.5M , so the earlier cash inflow looks temporary rather than earnings-backed.
FY2025 revenue fell
Liabilities were
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of RTB Digital, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
RTB Digital, Inc. held $534K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $23.0M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and RTB Digital, Inc. scores 2/100 among other emerging companies.
RTB Digital, Inc. had 1M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and RTB Digital, Inc. scores 94/100 among other emerging companies.
RTB Digital, Inc. spent $559K on research and development in fiscal year 2025, which was 2.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and RTB Digital, Inc. scores 15/100 among other emerging companies.
RTB Digital, Inc. reported revenue of $11.1M in fiscal year 2025, against $18.2M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and RTB Digital, Inc. scores 3/100 among other emerging companies.
Not available for RTB Digital, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
RTB Digital, Inc.'s cash, cash equivalents and investments came to $534K at the end of fiscal year 2025, against $1.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and RTB Digital, Inc. scores 32/100 among other emerging companies.
RTB Digital, Inc. scores 32.27, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $107.3M against total liabilities of $1.9M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
RTB Digital, Inc. passes 5 of 9 financial strength tests. No profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
RTB Digital, Inc. reported a net loss of $17.5M while operations used $23.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
RTB Digital, Inc. generated $2.3M in revenue in Q2 2026. This represents an increase of 350.3% from the same quarter a year earlier. Against the prior quarter it is down 8.2%.
RTB Digital, Inc.'s EBITDA was -$8.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
RTB Digital, Inc. reported a net loss of $9.6M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
RTB Digital, Inc. recorded an outflow of $3.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
RTB Digital, Inc. held $492K in cash against $607K in long-term debt as of Q2 2026, with $11.0M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
RTB Digital, Inc.'s gross margin was 37.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 18.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.8 percentage points.
RTB Digital, Inc.'s quarterly ROE was -31.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is down 9.8 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
RTB Digital, Inc. invested $262K in research and development in Q2 2026. This represents an increase of 123.9% from the same quarter a year earlier. Against the prior quarter it is up 249.3%.
RTB Digital, Inc. reported no capital expenditure in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
RTB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'26Filing | Q4'2510-Q/A | Q3'25Filing | Q2'2510-Q/A | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3M+350.3% | $2.5M-8.5% | $5.1M+88.7% | $2.8M-1.6% | $517K-82.6% | $2.8M-83.5% | $2.7M-88.0% | $2.8M-83.8% |
| Cost of Revenue | $1.5M+536.2% | $1.4M+1.0% | $2.8M+71.5% | $1.4M-21.1% | $229K-87.6% | $1.4M-85.6% | $1.6M-88.7% | $1.8M-83.7% |
| Gross Profit | $871K+202.4% | $1.1M-18.1% | $2.3M+115.6% | $1.4M+30.6% | $288K-74.4% | $1.4M-80.5% | $1.0M-86.6% | $1.1M-84.0% |
| R&D Expenses | $262K+123.9% | $75K-83.3% | $210K-74.4% | -$216K-73.5% | $117K-85.7% | $448K-67.8% | $821K-37.9% | $815K-38.0% |
| SG&A Expenses | $9.5M+1101.5% | $767K-32.7% | $1.5M+359.7% | $924Kn/m | $794K-34.1% | $1.1M-44.2% | $335K-82.1% | -$102K-103.4% |
| Operating Income | -$8.9Mn/m | -$3.0Mn/m | -$6.3Mn/m | -$1.8Mn/m | -$623Kn/m | -$4.4Mn/m | -$6.8Mn/m | -$3.7Mn/m |
| EBITDA | -$8.5Mn/m | -$3.0Mn/m | -$6.1M | -$1.8Mn/m | -$464Kn/m | -$4.3Mn/m | N/A | -$3.1Mn/m |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $1.1M | N/A | N/A |
| Income Tax | $13Kn/m | $4K-97.2% | $177Kn/m | $0-100.0% | $0-100.0% | $141K-25.8% | -$226K-248.7% | $450K+251.6% |
| Net Income | -$9.6Mn/m | -$4.8Mn/m | -$14.9Mn/m | -$2.0Mn/m | -$118Kn/m | -$591Kn/m | -$6.9Mn/m | -$5.2Mn/m |
| EPS (Basic) | -$1.24 | -$2.67 | N/A | -$0.07 | -$0.04 | -$11.67 | -$0.89n/m | -$0.76n/m |
| EPS (Diluted) | -$1.24 | -$2.67 | N/A | -$0.07 | -$0.04 | -$11.67 | -$0.89n/m | -$0.76n/m |
| Diluted Shares (Avg) | 8M | 1M | N/A | 30M | 3M | 236,150 | N/A | 7M+30.2% |
RTB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'26Filing | Q4'2510-Q/A | Q3'25Filing | Q2'2510-Q/A | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $44.1M+113.9% | $9.9M-90.8% | $28.5M-76.7% | $23.4M-81.6% | $20.6M-81.1% | $108.1M-18.0% | $122.3M-5.0% | $127.3M+5.9% |
| Current Assets | $15.1M-9.0% | $9.3M-88.4% | $11.7M-87.7% | $19.8M-79.3% | $16.6M-79.1% | $79.8M-15.3% | $95.4M+6.1% | $95.7M+19.1% |
| Cash & Equivalents | $492K+134.3% | $5.5M+84.8% | $534K-79.5% | $1.2M-72.9% | $210K-96.7% | $3.0M-71.7% | $2.6M-78.7% | $4.3M-73.1% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $1.1M+22.5% | $922K-3.8% | $147K-86.3% | $839K-1.4% | $888K+12.0% | $958K-10.1% | $1.1M+25.3% | $851K+21.9% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $11.1Mn/m | N/A | $0-100.0% | $0-100.0% | $0-100.0% | $19.6M0.0% | $18.9M0.0% | $20.3M-24.1% |
| Total Liabilities | $13.7M-36.8% | -$12.1M-110.9% | $1.9M-98.5% | $26.6M-78.0% | $21.7M-78.4% | $111.2M-0.2% | $123.8M+17.7% | $121.0M-12.5% |
| Current Liabilities | $11.0M | $8.9M-91.4% | $1.9M-98.2% | $24.0M-76.0% | N/A | $103.9M+14.1% | $103.5M+21.0% | $100.1M+36.9% |
| Non-Current Liabilities | $2.7Mn/m | -$21.0M-389.6% | $0-100.0% | $2.6M-87.5% | -$3.0M-114.4% | $7.2M-64.4% | $20.2M+3.0% | $20.9M-68.0% |
| Long-Term Debt | $607K | N/A | $0-100.0% | N/A | N/A | $4.6M-72.7% | $17.4M+9.1% | $17.7M-71.2% |
| Total Equity | $30.3Mn/m | $22.0Mn/m | $26.6Mn/m | -$3.2M-151.0% | -$1.1M-111.2% | -$1.0M-105.1% | -$587K-102.5% | $6.3Mn/m |
| Retained Earnings | -$28.1Mn/m | -$200.2Mn/m | -$13.8Mn/m | -$192.5Mn/m | -$190.6Mn/m | -$182.2Mn/m | -$179.4Mn/m | -$172.6Mn/m |
Not reported in any period shown, so not listed: Inventory.
RTB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'26Filing | Q4'2510-Q/A | Q3'25Filing | Q2'2510-Q/A | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.1M-120.8% | -$2.1Mn/m | -$16.8M-912.8% | -$5.6M-133.8% | $14.9Mn/m | -$15.6M-200.4% | $2.1M-62.8% | $16.4M+268.7% |
| Depreciation & Amortization | $402K+152.8% | $33K-75.2% | $168K-61.6% | $12K-98.0% | $159K-72.5% | $133K-79.8% | $438K-33.0% | $591K-10.0% |
| Stock-Based Compensation | N/A | $376K+583.6% | N/A | $133K-2.2% | $441K+142.3% | $55K-75.4% | N/A | $136K-7.5% |
| Capital Expenditures | $0 | $0-100.0% | $3K-76.9% | $71K+163.0% | N/A | $8K-63.6% | $13K-56.7% | $27K-55.7% |
| Free Cash Flow | -$3.1M | -$2.1Mn/m | -$16.8M-918.1% | -$5.6M-134.3% | N/A | -$15.6M-200.6% | $2.1M-62.9% | $16.4M+273.2% |
| Investing Cash Flow | $3.4M+27.0% | $0n/m | $1Kn/m | -$77.7Mn/m | $2.7Mn/m | -$1.3Mn/m | -$582K-124.6% | -$581Kn/m |
| Financing Cash Flow | $1.6Mn/m | $391K-80.4% | $6.5Mn/m | $7.4Mn/m | -$2.0Mn/m | $2.0Mn/m | -$34Kn/m | -$8Kn/m |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4Kn/m |
Not reported in any period shown, so not listed: Dividends Paid.
RTB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'26Filing | Q4'2510-Q/A | Q3'25Filing | Q2'2510-Q/A | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.4%-18.3pp | 44.2%-5.2pp | 44.6%+5.6pp | 50.0%+12.3pp | 55.7%+17.8pp | 49.4%+7.5pp | 39.1%+4.0pp | 37.7%-0.5pp |
| Operating Margin | -383.6% | -120.0% | -124.8% | -65.0% | -120.5% | -158.9% | -252.2% | -129.4% |
| Net Margin | -411.6% | -188.5% | -293.8% | -70.1% | -22.8% | -21.3%-5.3pp | -255.5% | -182.7% |
| Return on Equity | -31.6% | -21.8% | -55.9% | N/A | N/A | N/A | N/A | -81.8% |
| Return on Assets | -21.8%-21.2pp | -48.3%-47.7pp | -52.1%-46.5pp | -8.3%-4.3pp | -0.6%+10.5pp | -0.5%+1.5pp | -5.6%+17.7pp | -4.1%-1.5pp |
| Current Ratio | 1.37 | 1.04+0.3x | 6.13+5.2x | 0.82-0.1x | N/A | 0.77-0.3x | 0.92-0.1x | 0.96-0.1x |
| Debt-to-Equity | 0.02 | N/A | 0.00 | N/A | N/A | N/A | N/A | 2.80 |
| Liabilities-to-Equity | 0.45 | N/A | 0.07 | N/A | N/A | N/A | N/A | 19.13 |
| Asset Turnover | 0.050.0x | 0.26+0.2x | 0.18+0.2x | 0.12+0.1x | 0.030.0x | 0.03-0.1x | 0.02-0.2x | 0.02-0.1x |
| FCF Margin | -133.3% | -81.5% | -333.0% | -201.9% | N/A | -563.0% | 76.8%+51.9pp | 579.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| RTB Digital, Inc. RTB | FY2025 | $11.1M | -$17.5M | N/A | $107.3M | 29/100 |
| SoundThinking, Inc. SSTI | FY2025 | $104.1M | -$9.4M | -9.0% | $110.2M | 58/100 |
| Ryde Group Ltd. RYDE | FY2025 | $9.7M | -$13.6M | N/A | $102.7M | 33/100 |
| Roadzen, Inc. RDZN | FY2026 | $55.0M | -$22.5M | -40.9% | $97.1M | 31/100 |
| BitVentures Limited BVC | FY2026 | $498K | $3.4M | N/A | $122.9M | — |
| NetSol Technologies, Inc. NTWK | FY2026 | $78.1M | $3.0M | 3.8% | $91.8M | 62/100 |
Where RTB Digital, Inc. Ranks
Frequently Asked Questions
RTB Digital, Inc. (RTB) reported $11.1M in total revenue for fiscal year 2025. This represents a -38.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
RTB Digital, Inc. (RTB) revenue declined by 38.7% year-over-year, from $18.2M to $11.1M in fiscal year 2025.
No, RTB Digital, Inc. (RTB) reported a net loss of $31.2M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $17.5M.
RTB Digital, Inc. (RTB) had EBITDA of -$12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, RTB Digital, Inc. (RTB) had $534K in cash and equivalents against $0 in long-term debt.
RTB Digital, Inc. (RTB) had a gross margin of 47.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
RTB Digital, Inc. (RTB) has a return on equity of -65.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
RTB Digital, Inc. (RTB) recorded an outflow of $23.1M in free cash flow during fiscal year 2025. This represents a -209.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
RTB Digital, Inc. (RTB) recorded an outflow of $23.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
RTB Digital, Inc. (RTB) had $28.5M in total assets as of fiscal year 2025, including both current and long-term assets.
RTB Digital, Inc. (RTB) invested $79K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
RTB Digital, Inc. (RTB) invested $559K in research and development during fiscal year 2025.
RTB Digital, Inc. (RTB) had a current ratio of 6.13 as of fiscal year 2025, which is generally considered healthy.
RTB Digital, Inc. (RTB) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
RTB Digital, Inc. (RTB) had a liabilities-to-equity ratio of 0.07 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
RTB Digital, Inc. (RTB) had a return on assets of -61.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
RTB Digital, Inc. (RTB) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $107.3M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
RTB Digital, Inc. (RTB) trades at 8.4x sales, its market capitalization divided by $12.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $107.3M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, RTB Digital, Inc. (RTB) held $534K in cash, cash equivalents and investments, and reported an operating cash outflow of $23.0M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
RTB Digital, Inc. (RTB) has an Altman Z-Score of 32.27, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
RTB Digital, Inc. (RTB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
RTB Digital, Inc. (RTB) reported a net loss of $17.5M while operations used $23.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
RTB Digital, Inc. (RTB) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For RTB Digital, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.