What is RTB Digital, Inc.'s earnings per share (EPS)?

RTB Digital, Inc. (RTB) reported diluted earnings per share of $-29.33 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

RTB Digital, Inc. Financials

RTB

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows RTB Digital, Inc. (RTB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 3/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

RTB Digital, Inc. has an operating margin of -118.1%, meaning the company retains $-118 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -149.9% the prior year.

Growth

RTB Digital, Inc.'s revenue declined 38.7% year-over-year, from $18.2M to $11.1M. This contraction results in a growth score of 0/100.

Leverage

RTB Digital, Inc. has elevated debt relative to equity (D/E of 18.61), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

RTB Digital, Inc.'s current ratio of 1.11 is below the typical benchmark, resulting in a score of 17/100. However, the company holds substantial cash reserves (74% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

While RTB Digital, Inc. generated -$23.0M in operating cash flow, capex of $79K consumed most of it, leaving -$23.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

RTB Digital, Inc. generates a -2623.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Neutral

4/9

RTB Digital, Inc. passes 4 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

1.31x

For every $1 of reported earnings, RTB Digital, Inc. generates $1.31 in operating cash flow (-$23.0M OCF vs -$17.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-7.3x

RTB Digital, Inc. earns $-7.3 in operating income for every $1 of interest expense (-$13.1M vs $1.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.1M

YoY-38.7%

5Y CAGR+5.5%

10Y CAGR+18.0%

RTB Digital, Inc. generated $11.1M in revenue in fiscal year 2025. This represents a decrease of 38.7% from the prior year.

EBITDA

-$12.7M

YoY+49.3%

RTB Digital, Inc.'s EBITDA was -$12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.3% from the prior year.

Net Income

-$17.5M

YoY+34.7%

RTB Digital, Inc. reported -$17.5M in net income in fiscal year 2025. This represents an increase of 34.7% from the prior year.

EPS (Diluted)

$-29.33

RTB Digital, Inc. earned $-29.33 per diluted share (EPS) in fiscal year 2025. This represents an increase of 79.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$23.1M

YoY-209.3%

RTB Digital, Inc. generated -$23.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 209.3% from the prior year.

Cash & Debt

$7.4M

YoY+185.7%

10Y CAGR+66.0%

RTB Digital, Inc. held $7.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

RTB Digital, Inc. had 1M shares outstanding in fiscal year 2025. This represents an increase of 352.1% from the prior year.

Margins & Returns

Gross Margin

47.7%

YoY+7.0pp

5Y CAGR+4.3pp

10Y CAGR+2.3pp

RTB Digital, Inc.'s gross margin was 47.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.0 percentage points from the prior year.

Operating Margin

-118.1%

YoY+31.8pp

5Y CAGR-58.3pp

10Y CAGR-134.8pp

RTB Digital, Inc.'s operating margin was -118.1% in fiscal year 2025, reflecting core business profitability. This is up 31.8 percentage points from the prior year.

Net Margin

-157.4%

YoY-9.7pp

5Y CAGR-98.7pp

10Y CAGR-169.7pp

RTB Digital, Inc.'s net profit margin was -157.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 9.7 percentage points from the prior year.

Return on Equity

-2623.7%

RTB Digital, Inc.'s ROE was -2623.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$559K

YoY-85.5%

5Y CAGR-16.3%

RTB Digital, Inc. invested $559K in research and development in fiscal year 2025. This represents a decrease of 85.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$79K

YoY+68.1%

5Y CAGR+64.0%

10Y CAGR+11.1%

RTB Digital, Inc. invested $79K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 68.1% from the prior year.

RTB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.1M-38.7%	$18.2M-72.4%	$65.9M+100.2%	$32.9M+25.1%	$26.3M+208.6%	$8.5M
Cost of Revenue	$5.8M-45.9%	$10.8M-73.2%	$40.2M+139.2%	$16.8M+66.7%	$10.1M+108.7%	$4.8M
Gross Profit	$5.3M-28.2%	$7.4M-71.2%	$25.7M+59.5%	$16.1M-0.7%	$16.2M+338.8%	$3.7M
R&D Expenses	$559K-85.5%	$3.8M-33.2%	$5.8M-8.3%	$6.3M+62.2%	$3.9M+183.8%	$1.4M
SG&A Expenses	$4.4M+47.8%	$3.0M-65.7%	$8.7M+31.4%	$6.6M-60.9%	$16.9M+2009.5%	$800K
Operating Income	-$13.1M+51.7%	-$27.2M-121.2%	-$12.3M+67.5%	-$37.8M-29.6%	-$29.2M-472.2%	-$5.1M
Interest Expense	-$1.8M-106.3%	-$869K+74.0%	-$3.3M-122.1%	$15.1M+404.4%	$3.0M+160.4%	$1.1M
Income Tax	$318K-18.5%	$390K+34.9%	$289K+3712.5%	-$8K-263.1%	$5K	$0
Net Income	-$17.5M+34.7%	-$26.8M+49.5%	-$53.1M-7.8%	-$49.2M-39.6%	-$35.3M-604.5%	-$5.0M
EPS (Diluted)	$-29.33	$-140.25-1287.2%	$-10.11	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$2.5M-9.2%	$2.8M+0.3%	$2.8M+0.1%	$2.8M+0.5%	$2.8M	N/A	$2.8M-4.7%	$3.0M
Cost of Revenue	$1.4M-3.6%	$1.5M+5.3%	$1.4M-10.9%	$1.6M+11.7%	$1.4M	N/A	$1.8M-4.4%	$1.8M
Gross Profit	$1.1M-15.5%	$1.3M-4.8%	$1.4M+14.3%	$1.2M-11.0%	$1.4M	N/A	$1.1M-5.2%	$1.1M
R&D Expenses	$75K-62.1%	$198K+191.7%	-$216K-267.4%	$129K-71.2%	$448K	N/A	$815K-0.5%	$819K
SG&A Expenses	$767K-22.0%	$983K+6.4%	$924K-31.6%	$1.4M+18.5%	$1.1M	N/A	-$102K-108.5%	$1.2M
Operating Income	-$3.0M+16.6%	-$3.6M-101.5%	-$1.8M+44.9%	-$3.3M+25.3%	-$4.4M	N/A	-$3.7M+72.5%	-$13.3M
Interest Expense	-$6K+99.7%	-$2.3M-7206.3%	-$32K+93.9%	-$523K-147.5%	$1.1M	N/A	-$345K-176.0%	-$125K
Income Tax	$4K-69.2%	$13K	$0-100.0%	$164K+16.3%	$141K	N/A	$450K+154.2%	$177K
Net Income	-$3.3M+25.5%	-$4.4M-125.8%	-$2.0M+76.8%	-$8.4M-205.1%	-$2.8M	N/A	-$5.2M+57.3%	-$12.1M
EPS (Diluted)	$-2.67	N/A	$-0.07	$-0.80+93.1%	$-11.67	N/A	$-0.76+59.6%	$-1.88

RTB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.1M-89.3%	$122.3M-5.0%	$128.7M+31.8%	$97.7M-14.4%	$114.0M+830.0%	$12.3M
Current Assets	$11.1M-88.3%	$95.4M+6.1%	$89.9M+51.8%	$59.2M-38.7%	$96.6M+704.3%	$12.0M
Cash & Equivalents	$7.4M+185.7%	$2.6M-78.7%	$12.2M-12.8%	$14.0M-84.3%	$89.0M	$0
Inventory	N/A	N/A	N/A	$302K+5.5%	$286K	$0
Accounts Receivable	$1.1M+3.5%	$1.1M+25.3%	$859K-25.7%	$1.2M+140.0%	$482K+4716.7%	$10K
Goodwill	$0-100.0%	$18.9M0.0%	$18.9M-29.5%	$26.8M+308.6%	$6.5M	$0
Total Liabilities	$12.4M-90.0%	$123.8M+17.7%	$105.2M+5.6%	$99.6M+17.7%	$84.6M+466.3%	$14.9M
Current Liabilities	$10.0M-90.3%	$103.5M+21.0%	$85.5M+132.9%	$36.7M+51.6%	$24.2M+106.7%	$11.7M
Long-Term Debt	N/A	$17.4M+9.1%	$15.9M-74.2%	$61.7M+4.1%	$59.3M+39463.1%	$150K
Total Equity	$668K+144.8%	-$1.5M-106.4%	$23.5M+1321.6%	-$1.9M-106.5%	$29.5M+1202.9%	-$2.7M
Retained Earnings	-$196.9M-9.8%	-$179.4M-17.6%	-$152.6M-52.9%	-$99.8M-97.4%	-$50.5M-331.0%	-$11.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$9.9M-24.4%	$13.1M-44.0%	$23.4M+13.6%	$20.6M-80.9%	$108.1M-11.6%	$122.3M-4.0%	$127.3M+16.8%	$109.0M
Current Assets	$9.3M-16.9%	$11.1M-43.7%	$19.8M+19.0%	$16.6M-79.2%	$79.8M-16.3%	$95.4M-0.3%	$95.7M+20.4%	$79.5M
Cash & Equivalents	$5.5M-25.8%	$7.4M+542.9%	$1.2M+450.0%	$210K-93.0%	$3.0M+14.7%	$2.6M-39.0%	$4.3M-33.3%	$6.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$922K-17.2%	$1.1M+32.8%	$839K-5.5%	$888K-7.3%	$958K-11.0%	$1.1M+26.4%	$851K+7.3%	$793K
Goodwill	N/A	$0	$0	$0-100.0%	$19.6M+4.1%	$18.9M-7.2%	$20.3M+4.4%	$19.5M
Total Liabilities	$10.9M-12.6%	$12.4M-53.3%	$26.6M-3.3%	$27.5M-75.2%	$111.2M-10.2%	$123.8M+2.3%	$121.0M+20.5%	$100.4M
Current Liabilities	$8.9M-11.0%	$10.0M-58.3%	$24.0M-2.8%	$24.7M-76.2%	$103.9M+0.4%	$103.5M+3.4%	$100.1M+25.7%	$79.7M
Long-Term Debt	N/A	N/A	N/A	N/A	$4.6M-73.5%	$17.4M-1.9%	$17.7M+1.5%	$17.4M
Total Equity	-$972K-245.5%	$668K+120.7%	-$3.2M+53.6%	-$6.9M-125.1%	-$3.1M-106.6%	-$1.5M-123.6%	$6.3M-36.9%	$10.0M
Retained Earnings	-$200.2M-1.7%	-$196.9M-2.3%	-$192.5M-1.0%	-$190.6M-4.6%	-$182.2M-1.5%	-$179.4M-4.0%	-$172.6M-3.1%	-$167.4M

RTB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$23.0M-208.7%	$21.2M-36.1%	$33.2M+454.9%	-$9.3M+59.4%	-$23.0M-453.0%	-$4.2M
Capital Expenditures	$79K+68.1%	$47K-56.5%	$108K-33.3%	$162K+2.0%	$159K+2289.2%	$7K
Free Cash Flow	-$23.1M-209.3%	$21.1M-36.0%	$33.1M+447.7%	-$9.5M+59.0%	-$23.2M-455.9%	-$4.2M
Investing Cash Flow	N/A	-$1.8M-179.1%	$2.3M+104.9%	-$46.4M-1645.4%	-$2.7M-39888.8%	-$7K
Financing Cash Flow	$13.9M+5863.1%	-$241K+92.0%	-$3.0M+70.1%	-$10.0M-109.0%	$111.9M+2036.8%	$5.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$2.1M+87.7%	-$16.8M-451.4%	-$3.1M-124.6%	$12.4M+179.8%	-$15.6M-852.0%	$2.1M-87.4%	$16.4M+228.0%	-$12.8M
Capital Expenditures	$0-100.0%	$3K	$0-100.0%	$68K+750.0%	$8K-38.5%	$13K-51.9%	$27K+280.0%	-$15K
Free Cash Flow	-$2.1M+87.7%	-$16.8M-451.5%	-$3.1M-124.7%	$12.4M+179.3%	-$15.6M-857.1%	$2.1M-87.4%	$16.4M+227.7%	-$12.8M
Investing Cash Flow	$0-100.0%	$1K+101.1%	-$88K+99.9%	-$75.0M-5809.7%	-$1.3M-118.0%	-$582K-0.2%	-$581K+6.7%	-$623K
Financing Cash Flow	$391K-94.0%	$6.5M+22.0%	$5.4M+134075.0%	-$4K-100.2%	$2.0M+5976.5%	-$34K-325.0%	-$8K+95.9%	-$195K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$4K	N/A

RTB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	47.7%+7.0pp	40.7%+1.7pp	39.0%-9.9pp	49.0%-12.7pp	61.7%+18.3pp	43.4%
Operating Margin	-118.1%+31.8pp	-149.9%-131.2pp	-18.7%+96.3pp	-115.0%-3.9pp	-111.0%-51.2pp	-59.9%
Net Margin	-157.4%-9.7pp	-147.7%-67.1pp	-80.6%+69.0pp	-149.6%-15.5pp	-134.1%-75.4pp	-58.7%
Return on Equity	-2623.7%	N/A	-226.0%	N/A	-119.7%	N/A
Return on Assets	-133.8%-111.8pp	-21.9%+19.3pp	-41.3%+9.1pp	-50.4%-19.5pp	-30.9%+9.9pp	-40.8%
Current Ratio	1.11+0.2	0.92-0.1	1.05-0.6	1.61-2.4	3.98+3.0	1.02
Debt-to-Equity	18.61+30.2	-11.64-12.3	0.68+32.8	-32.10-34.1	2.01+2.1	-0.06
FCF Margin	-207.7%-324.2pp	116.4%+66.3pp	50.2%+79.1pp	-28.9%+59.2pp	-88.1%-39.2pp	-48.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	44.2%-3.3pp	47.5%-2.5pp	50.0%+6.2pp	43.8%-5.6pp	49.4%	N/A	37.7%-0.2pp	37.9%
Operating Margin	-120.0%+10.6pp	-130.7%-65.7pp	-65.0%+53.1pp	-118.1%+40.9pp	-158.9%	N/A	-129.4%+319.6pp	-449.0%
Net Margin	-129.6%+28.3pp	-157.9%-87.8pp	-70.1%+232.0pp	-302.1%-202.6pp	-99.5%	N/A	-182.7%+224.8pp	-407.5%
Return on Equity	N/A	-660.0%	N/A	N/A	N/A	N/A	-81.8%+38.9pp	-120.8%
Return on Assets	-33.2%+0.5pp	-33.7%-25.3pp	-8.3%+32.5pp	-40.8%-38.3pp	-2.5%	N/A	-4.1%+7.1pp	-11.1%
Current Ratio	1.04-0.1	1.11+0.3	0.82+0.2	0.67-0.1	0.77-0.2	0.92-0.0	0.96-0.0	1.00
Debt-to-Equity	-11.18-29.8	18.61+26.9	-8.27-4.3	-3.97-2.5	-1.49+10.1	-11.64-14.4	2.80+1.1	1.74
FCF Margin	-81.5%+521.6pp	-603.1%-493.5pp	-109.6%-554.0pp	444.4%+1007.4pp	-563.0%	N/A	579.0%+1011.2pp	-432.2%

Frequently Asked Questions

What is RTB Digital, Inc.'s annual revenue?

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.

How fast is RTB Digital, Inc.'s revenue growing?

RTB Digital, Inc. (RTB) revenue declined by 38.7% year-over-year, from $18.2M to $11.1M in fiscal year 2025.

Is RTB Digital, Inc. profitable?

No, RTB Digital, Inc. (RTB) reported a net income of -$17.5M in fiscal year 2025, with a net profit margin of -157.4%.

What is RTB Digital, Inc.'s EBITDA?

RTB Digital, Inc. (RTB) had EBITDA of -$12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is RTB Digital, Inc.'s gross margin?

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.

What is RTB Digital, Inc.'s operating margin?

RTB Digital, Inc. (RTB) had an operating margin of -118.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is RTB Digital, Inc.'s net profit margin?

RTB Digital, Inc. (RTB) had a net profit margin of -157.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is RTB Digital, Inc.'s return on equity (ROE)?

RTB Digital, Inc. (RTB) has a return on equity of -2623.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is RTB Digital, Inc.'s free cash flow?

RTB Digital, Inc. (RTB) generated -$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.

What is RTB Digital, Inc.'s operating cash flow?

RTB Digital, Inc. (RTB) generated -$23.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are RTB Digital, Inc.'s total assets?

RTB Digital, Inc. (RTB) had $13.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are RTB Digital, Inc.'s capital expenditures?

RTB Digital, Inc. (RTB) invested $79K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does RTB Digital, Inc. spend on research and development?

RTB Digital, Inc. (RTB) invested $559K in research and development during fiscal year 2025.

How many shares does RTB Digital, Inc. have outstanding?

RTB Digital, Inc. (RTB) had 1M shares outstanding as of fiscal year 2025.

What is RTB Digital, Inc.'s current ratio?

RTB Digital, Inc. (RTB) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.

What is RTB Digital, Inc.'s debt-to-equity ratio?

RTB Digital, Inc. (RTB) had a debt-to-equity ratio of 18.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is RTB Digital, Inc.'s return on assets (ROA)?

RTB Digital, Inc. (RTB) had a return on assets of -133.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is RTB Digital, Inc.'s cash runway?

Based on fiscal year 2025 data, RTB Digital, Inc. (RTB) had $7.4M in cash against an annual operating cash burn of $23.0M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is RTB Digital, Inc.'s Piotroski F-Score?

RTB Digital, Inc. (RTB) has a Piotroski F-Score of 4 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.

Are RTB Digital, Inc.'s earnings high quality?

RTB Digital, Inc. (RTB) has an earnings quality ratio of 1.31x, considered low quality (accrual-driven). 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.

Can RTB Digital, Inc. cover its interest payments?

RTB Digital, Inc. (RTB) has an interest coverage ratio of -7.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is RTB Digital, Inc.?

RTB Digital, Inc. (RTB) scores 3 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.