Onfolio Holdings Inc. Announces Q1 2026 Financial Results and Provides Corporate Update
Rhea-AI Summary
Onfolio (Nasdaq: ONFO) reported Q1 2026 revenue of $1.87M vs. $2.81M in Q1 2025, with gross profit of $0.92M (49% margin). Operating expenses fell 30% to $1.75M. Net loss was $1.92M; EBITDA As Defined was $(0.50M). Cash was $0.84M on March 31, 2026.
The company secured a $100M equity financing facility in April 2026, activated an acquisition program targeting $5M–$10M in annual adjusted EBITDA additions by year-end, and regained Nasdaq Listing Rule 5550(a)(2) compliance. Digital assets totaled ~$1.6M, including BTC, ETH, and SOL.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Total operating expenses decreased 30% to $1.75M vs. $2.49M in Q1 2025
- Secured a $100M equity financing facility in April 2026
- Targeting $5M–$10M in additional annual adjusted EBITDA via acquisitions before end of 2026
- Regained compliance with Nasdaq Listing Rule 5550(a)(2) as of May 1, 2026
- B2B division operating expenses reduced by 30% through agency consolidation efforts
- RevenueZen operating expenses dropped by 40%+ with operating margins nearly doubling
- Digital asset holdings of approximately $1.6M generating about 4% annualized staking yield
Negative
- Revenue declined to $1.87M from $2.81M in Q1 2025
- Net loss widened to $1.92M vs. $0.81M in Q1 2025
- EBITDA As Defined was a loss of $(0.50M) vs. $(0.19M) in Q1 2025
- Cash balance fell to $0.84M at 3/31/26 from $2.18M at 12/31/25
- Gross profit decreased 46% to $0.92M vs. $1.71M in Q1 2025
News Market Reaction – ONFO
On the day this news was published, ONFO declined 17.76%, reflecting a significant negative market reaction. Argus tracked a peak move of +11.9% during that session. Argus tracked a trough of -34.2% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $5.16M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | Earnings call scheduled | Neutral | -1.8% | Announced date and details for upcoming Q1 2026 earnings call. |
| Mar 31 | Full-year 2025 results | Positive | +9.0% | Reported 2025 revenue growth, positive EBITDA and higher cash balance. |
| Mar 26 | Earnings call notice | Neutral | -0.6% | Set date and access details for full-year 2025 results call. |
| Nov 17 | Q3 2025 results | Negative | -16.7% | Q3 2025 revenue up but net loss widened and expenses increased. |
| Aug 14 | Q2 2025 results | Positive | -4.6% | Strong Q2 2025 growth and narrower net loss despite no new deals. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-related news and calls often coincide with negative or muted moves, even when fundamentals improve, with only occasional positive alignment on strong result days.
Recent earnings-related communications for Onfolio show a mixed but cautious pattern. Formal results like full year 2025 on Mar 31, 2026 brought revenue growth, positive EBITDA and a +8.96% move, but several other earnings or earnings-call notices (e.g., Aug 14, 2025, Nov 17, 2025, Mar 26, 2026, May 7, 2026) saw negative reactions between roughly -0.64% and -16.66%. Today’s Q1 2026 release fits into a history where the stock often trades cautiously around earnings updates.
Key Terms
ebitda financial
non-gaap financial
gaap financial
derivative liabilities financial
form 10-q regulatory
digital assets financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Conference Call to Discuss Q1 2026 Results Scheduled for Today at 8:00 a.m. ET
WILMINGTON, Del., May 18, 2026 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (“Onfolio” or the “Company”), an owner-operator of cash-generative online businesses, announces financial results for the first quarter ended March 31, 2026.
Recent Corporate Highlights
- Activated acquisition program and will target the acquisition of between
$5 million and$10 million in aggregate annual adjusted EBITDA before the end of 2026. - Secured a
$100 million equity financing facility in April 2026 to accelerate acquisition strategy. - Regained compliance with Nasdaq Listing Rule 5550(a)(2) as of May 1, 2026.
First Quarter 2026 Financial Highlights
- Revenue was
$1.87M vs.$2.81M in Q1 2025 - Gross profit decreased
46% to$0.92M , or49% of revenue, vs.$1.71M , or61% of revenue, in Q1 2025 - Total operating expenses decreased
30% to$1.75M vs.$2.49M in Q1 2025, primarily reflecting lower selling, general and administrative expenses as the Company continued shifting to an AI-driven operating model - Net loss was
$1.92M (including a$0.67M non-cash loss on change in fair value of derivative liabilities,$0.37M in non-cash expenses, and a$0.07M non-cash loss on change in fair value of digital assets) vs. net loss of$0.81M in Q1 2025 - Cash operating loss (excluding non-cash items) was
$0.83M vs. loss of$0.79M in Q1 2025 - EBITDA As Defined was
$(0.50M ) vs.$(0.19M ) in Q1 2025 - Cash at 3/31/26 was
$0.84M vs.$2.18M at 12/31/25
“In the first quarter, we continued to execute our strategy while making deliberate decisions that reduced near-term revenue but materially improved our operating profile,” commented Onfolio CEO Dominic Wells. “As a result of these improvements, our loss from operations was essentially flat. We accomplished this despite approximately
“This playbook is now being deployed across additional portfolio companies via the following framework: consolidate overhead, rebuild processes with AI, and focus the team on revenue-generating work. We believe this is what an AI-native operating model looks like in practice.
“We spent 2025 closing the gap to profitability, and now we’re deploying capital to grow. Our recently announced
“In fact, our acquisition pipeline has meaningfully improved that we now currently target adding
“We expect to be announcing several significant updates with regards to acquisitions soon.
“Overall, our strategy remains the same: control parent company costs, grow portfolio cash flow, and acquire additional profitable businesses. What has changed is the position we are operating from. The balance sheet is stronger, the operating model is more efficient, and with more capital to deploy, we believe we have positioned the business for increased growth and value creation,” concluded Wells.
Recent Business and Operational Highlights
- Compounding Value Through Agency Acquisition: Published detailed examples of how the Company’s portfolio creates value beyond simple addition through cross-referrals and shared infrastructure. Full report: https://onfolio.com/why-every-agency-we-buy-makes-the-others-more-valuable/
- The AI Acquisition Playbook: AI is creating an attractive kind of dynamic for finding hidden value in online businesses right now. Full report: https://onfolio.com/ai-acquisition-playbook/
- Evolved Deal Flow: Added capital infrastructure now enables pursuit of larger, higher-quality acquisitions (
$1M –$10M + EBITDA), with a pipeline representing$15 –20M in potential EBITDA. Full report: https://onfolio.com/why-our-deal-flow-looks-different-now/ - Digital Asset Holdings: Approximately
$1.6M in digital assets as of March 31, 2026, consisting of 5.32 BTC, 320.42 ETH (288.09 staked), and 6,880.46 SOL (all staked), generating approximately4% annualized staking yield.
For more detailed information regarding Onfolio’s financial results, please see the Company’s Form 10-Q and other SEC filings at investors.onfolio.com/filings.
Conference Call
Onfolio will hold a conference call on May 18, 2026, at 8:00 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2026.
Date: Monday, May 18, 2026
Time: 8:00 a.m. Eastern time
Webcast Link: Here
Dial-In Link: Here
Toll-free dial-in number: 1-877-704-4453
International dial-in number: 1-201-389-0920
Conference ID: 13760433
Please call one of the conference telephone numbers 5-10 minutes prior to the start time, and an operator will register your name and organization. Alternatively, you can connect instantly to the event via the webcast link or dial-in link above.
Non-GAAP Financial Measures
In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), this press release contains the non-GAAP financial measure EBITDA. The Company defines EBITDA as Earnings Before Interest, Taxes, Depreciation and Amortization, plus change in fair value of digital assets, change in fair value of contingent consideration, and change in fair value of derivative liabilities, stock-based compensation and impairments.
The Company presents EBITDA because management uses this measure to evaluate the Company's operating performance, and believes it is helpful to investors as a supplement to, and not a substitute for, GAAP financial measures. EBITDA as defined by the Company may not be comparable to similarly titled measures reported by other companies due to potential differences in the method of calculation.
A reconciliation of EBITDA to the most directly comparable GAAP financial measure, net income (loss), is included in the financial tables accompanying this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of EBITDA to those GAAP financial measures, and not to rely on any single financial measure to evaluate the Company's business.
About Onfolio Holdings
Onfolio Holdings Inc. (Nasdaq: ONFO) is an owner-operator of cash-generative online businesses. The Company acquires and operates profitable online businesses across diverse verticals, including marketing, education, and e-commerce, with a focus on sustainable cash flow and long-term value creation. Visit www.onfolio.com for more information.
Forward-Looking Statements
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1A “Risk Factors” in our most recent Form 10-K and Form 10-Q; other risks to which our Company is subject; other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Contact
| Onfolio Holdings, Inc. | |||||||
| Consolidated Balance Sheets | |||||||
| March 31 | December 31 | ||||||
| 2026 | 2025 | ||||||
| Assets | |||||||
| Current Assets: | |||||||
| Cash | $ | 841,804 | $ | 2,175,223 | |||
| Accounts receivable, net | 418,423 | 476,578 | |||||
| Inventory | 37,393 | 44,800 | |||||
| Prepaids and other current assets | 235,648 | 227,224 | |||||
| Total Current Assets | 1,533,268 | 2,923,825 | |||||
| Intangible assets | 1,480,121 | 1,683,798 | |||||
| Goodwill | 4,203,145 | 4,203,145 | |||||
| Investment in digital assets | 1,613,642 | 2,263,471 | |||||
| Fixed Assets | 2,995 | 3,423 | |||||
| Due from related party | 97,003 | 95,189 | |||||
| Investment in unconsolidated joint ventures, cost method | 59,000 | 188,007 | |||||
| Investment in unconsolidated joint ventures, equity method | 2,098 | - | |||||
| Other assets | - | - | |||||
| Total Assets | $ | 8,991,272 | $ | 11,360,858 | |||
| Liabilities and Stockholders Equity | |||||||
| Current Liabilities: | |||||||
| Accounts payable and other current liabilities | $ | 1,169,611 | $ | 1,066,702 | |||
| Dividends payable | - | 121,789 | |||||
| Notes payable, current | 391,614 | 487,658 | |||||
| Notes Payable - Related Party, current | 1,096,385 | 1,153,080 | |||||
| Contingent consideration | 119,186 | 164,382 | |||||
| Derivative liability | 3,777,864 | 3,463,727 | |||||
| Convertible notes, net of discount | 826,475 | - | |||||
| Deferred revenue | 200,069 | 497,113 | |||||
| Total Current Liabilities | 7,581,204 | 6,954,451 | |||||
| Notes payable | - | - | |||||
| Notes payable - related parties | 193,465 | 224,965 | |||||
| Convertible notes, net of discount | - | 276,273 | |||||
| Due to joint ventures - long term | - | - | |||||
| Total Liabilities | 7,774,669 | 7,455,689 | |||||
| Commitments and Contingencies | |||||||
| Stockholders' Equity: | |||||||
| Preferred stock, | |||||||
| Series A Preferred stock, 134,460 issued and outstanding at December 31, 2025 and 2024 | 169 | 169 | |||||
| Common stock, and 5,107,395 issued and outstanding at December 31, 2024 and 2023 | 5,864 | 5,864 | |||||
| Additional paid-in capital | 24,539,778 | 24,524,989 | |||||
| Accumulated other comprehensive income | 101,309 | 91,110 | |||||
| Accumulated deficit | (24,789,976 | ) | (22,141,797 | ) | |||
| Total Onfolio Inc. stockholders equity | (142,856 | ) | 2,480,335 | ||||
| Non-Controlling Interests | 1,359,459 | 1,424,834 | |||||
| Total Stockholders' Equity | 1,216,603 | 3,905,169 | |||||
| Total Liabilities and Stockholders' Equity | $ | 8,991,272 | $ | 11,360,858 | |||
| The accompanying notes are an integral part of these consolidated financial statements | |||||||
| Onfolio Holdings, Inc. | ||||||||
| Consolidated Statements of Operations | ||||||||
| For the Three Months Ended Mar 31, | ||||||||
| 2026 | 2025 | |||||||
| Revenue, services | $ | 1,559,738 | $ | 1,796,595 | ||||
| Revenue, product sales | 307,127 | 1,015,348 | ||||||
| Total Revenue | 1,866,865 | 2,811,943 | ||||||
| Cost of revenue, services | 904,369 | 1,016,860 | ||||||
| Cost of revenue, product sales | 44,361 | 87,963 | ||||||
| Total cost of revenue | 948,730 | 1,104,823 | ||||||
| Gross profit | 918,135 | 1,707,120 | ||||||
| Operating expenses | ||||||||
| Selling, general and administrative | 1,320,786 | 2,221,346 | ||||||
| Professional fees | 430,704 | 237,905 | ||||||
| Acquisition costs | - | 33,410 | ||||||
| Impairment of goodwill and intangible assets | - | - | ||||||
| Total operating expenses | 1,751,490 | 2,492,661 | ||||||
| Loss from operations | (833,355 | ) | (785,541 | ) | ||||
| Other income (expense) | ||||||||
| Equity method income (loss) | 2,098 | 909 | ||||||
| Dividend income | 2,223 | 2,250 | ||||||
| Interest income (expense), net | (973,750 | ) | (100,720 | ) | ||||
| Other income | 3,607 | 4,983 | ||||||
| Gain on change in fair value of digital assets | (674,157 | ) | - | |||||
| Gain on change in fair value of contingent consideration | (6,672 | ) | 54,173 | |||||
| Change in fair value of derivative liability | (71,392 | ) | - | |||||
| Loss on investments | (129,007 | ) | ||||||
| Gain on sale of business | 107,794 | - | ||||||
| Total other income | (1,739,256 | ) | (38,405 | ) | ||||
| Loss before income taxes | (2,572,611 | ) | (823,946 | ) | ||||
| Income tax (provision) benefit | - | 17,518 | ||||||
| Net loss | (2,572,611 | ) | (806,428 | ) | ||||
| Net income (loss) attributable to noncontrolling interest | 51,492 | 12,041 | ||||||
| Net loss attributable to Onfolio Holdings Inc. | (2,521,119 | ) | (794,387 | ) | ||||
| Preferred Dividends | (127,060 | ) | (103,921 | ) | ||||
| Net loss to common shareholders | $ | (2,648,179 | ) | $ | (898,308 | ) | ||
| Net loss per common shareholder | ||||||||
| Basic and diluted | $ | (0.45 | ) | $ | (0.18 | ) | ||
| Weighted average shares outstanding | ||||||||
| Basic and diluted | 5,863,214 | 5,127,395 | ||||||
| The accompanying notes are an integral part of these consolidated financial statements | ||||||||
| CTA | 10,199 | (7,481 | ) | ||||
| Comprehensinve loss | $ | (2,637,980 | ) | $ | (905,789 | ) | |
| EBITDA Recon | |||||||
| Net Income/(Loss) | $ | (2,572,611 | ) | $ | (806,428 | ) | |
| Interest | 973,750 | 100,720 | |||||
| Taxes | - | - | |||||
| Depreciation & Amortization | 204,105 | 301,540 | |||||
| EBITDA | (1,394,756 | ) | (404,168 | ) | |||
| Change in FV of digital assets | 674,157 | - | |||||
| Gain on change in fv of contingent consideration | 6,672 | (54,173 | ) | ||||
| Change in FV of derivatives | 71,392 | - | |||||
| Impairment losses | 129,007 | - | |||||
| Stock Based compensation | 14,789 | 272,930 | |||||
| Adjusted EBITDA | $ | (498,739 | ) | $ | (185,411 | ) | |
| Onfolio Holdings, Inc. | ||||||||||||||||||||||||||||
| Consolidated Statements of Stockholders' Equity | ||||||||||||||||||||||||||||
| For the Three Months Ended March 31, 2026 and 2025 | ||||||||||||||||||||||||||||
| Preferred Stock, | Common Stock, | Additional | Accumulated | Accumulated Other | Non | Stockholders' | ||||||||||||||||||||||
| Shares | Amount | Shares | Amount | Paid-In Capital | Deficit | Comprehensive Income | Controlling Interest | Equity | ||||||||||||||||||||
| Balance, December 31, 2025 | 169,460 | 169 | 5,863,214 | 5,864 | 24,524,989 | (22,141,797 | ) | 91,110 | 1,424,834 | 3,905,169 | ||||||||||||||||||
| - | - | - | - | - | - | |||||||||||||||||||||||
| Stock-based compensation | - | - | - | - | 14,789 | - | - | - | 14,789 | |||||||||||||||||||
| Preferred dividends | - | - | - | - | - | (127,060 | ) | - | - | (127,060 | ) | |||||||||||||||||
| Foreign currency translation | - | - | - | - | - | - | 10,199 | 10,199 | ||||||||||||||||||||
| Distribution to non-controlling interest | (13,883 | ) | (13,883 | ) | ||||||||||||||||||||||||
| Net loss | - | - | - | - | - | (2,521,119 | ) | - | (51,492 | ) | (2,572,611 | ) | ||||||||||||||||
| Balance, March 31, 2026 | 169,460 | $ | 169 | 5,863,214 | $ | 5,864 | $ | 24,539,778 | $ | (24,789,976 | ) | $ | 101,309 | $ | 1,359,459 | $ | 1,216,603 | |||||||||||
| The accompanying notes are an integral part of these consolidated financial statements | ||||||||||||||||||||||||||||
| Onfolio Holdings, Inc. | |||||||
| Consolidated Statements of Cash Flows | |||||||
| For the Three Months Ended March 31, 2026 and 2025 | |||||||
| 2026 | 2025 | ||||||
| Cash Flows from Operating Activities | |||||||
| Net loss | $ | (2,572,611 | ) | $ | (806,428 | ) | |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||
| Stock-based compensation expense | 14,789 | 272,930 | |||||
| Equity method loss (income) | (2,098 | ) | (909 | ) | |||
| Dividends received from equity method investment | - | - | |||||
| Depreciation expense | 428 | 428 | |||||
| Amortization of debt discounts and debt issuance costs | 139,576 | - | |||||
| Liquidation damages upon registration default | 654,745 | - | |||||
| Amortization of intangible assets | 203,677 | 301,112 | |||||
| Impairment of intangible assets | - | - | |||||
| Gain on sale of subsidiary | - | - | |||||
| Impairment of investments | 129,007 | - | |||||
| Change in FV of contingent consideration | 6,672 | (54,173 | ) | ||||
| Change in FV of derivative | 71,392 | - | |||||
| Change in FV of digital assets | 689,112 | - | |||||
| Earning on digital assets | (14,955 | ) | - | ||||
| Net change in: | |||||||
| Accounts receivable | 33,826 | 67,041 | |||||
| Inventory | 7,407 | 18,849 | |||||
| Prepaids and other current assets | (8,424 | ) | (56,786 | ) | |||
| Accounts payable and other current liabilities | 102,911 | 49,684 | |||||
| Due to joint ventures | (1,814 | ) | (1,855 | ) | |||
| Deferred revenue | (297,044 | ) | 65,058 | ||||
| Due to related parties | - | - | |||||
| Net cash used in operating activities | (843,404 | ) | (145,049 | ) | |||
| Cash Flows from Investing Activities | |||||||
| Cash paid to acquire businesses | - | - | |||||
| Cash received for sale of subsidiary | - | - | |||||
| Investments in joint ventures | - | - | |||||
| Cash received for sale of digital assets | - | - | |||||
| Investment in digital assets | - | - | |||||
| Net cash used in investing activities | - | - | |||||
| Cash Flows from Financing Activities | |||||||
| Proceeds from sale of Series A preferred stock | - | 700,000 | |||||
| Proceeds from sale of common stock units | - | - | |||||
| Proceeds from exercise of stock options | - | - | |||||
| Payments of preferred dividends | (248,849 | ) | (99,250 | ) | |||
| Distributions to non-controlling interest holders | (13,883 | ) | (17,820 | ) | |||
| Proceeds from notes payable | - | - | |||||
| Payments on note payables | (97,418 | ) | (176,624 | ) | |||
| Proceeds from convertible notes payable | - | - | |||||
| Proceeds from notes payable - related parties | - | - | |||||
| Payments on note payables - related parties | (88,196 | ) | - | ||||
| Payments on contingent consideration | (51,868 | ) | (108,475 | ) | |||
| Net cash provided by financing activities | (500,214 | ) | 297,831 | ||||
| Effect of foreign currency translation | 10,199 | 36,459 | |||||
| Net Change in Cash | (1,333,419 | ) | 189,241 | ||||
| Cash, Beginning of Period | 2,175,223 | 476,874 | |||||
| Cash, End of Period | 841,804 | 666,115 | |||||
| Cash Paid For: | |||||||
| Income Taxes | $ | - | $ | - | |||
| Interest | $ | 195,483 | $ | 77,259 | |||
| Non-cash transactions: | |||||||
| Dividends on preferred stock | $ | 127,060 | $ | 103,921 | |||
| Non-controlling interest issued for settlement of note payable | $ | 400,000 | |||||
| Settlement of contingent consideration | $ | - | $ | 510,000 | |||
| Digital assets received for settlement of accounts receivable | $ | 24,329 | $ | - | |||
| Establishment of derivative liability on conversion feature | $ | - | |||||
| The accompanying notes are an integral part of these consolidated financial statements | |||||||
