QuoteMedia Reports 9% Revenue Growth for Q3 2026
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
QuoteMedia (QMCI) reported third-quarter 2026 revenue of $5,601,427, up 9% from the same period a year earlier, alongside improved profitability measures. Revenue rose from $5,154,555 for the quarter ended September 30. Gross margin increased to 54% from 48%. Net loss narrowed to $157,555 from $367,192, while adjusted EBITDA, a non-GAAP earnings measure excluding specified expenses, increased to $462,989 from $377,662.
The company completed several new client agreements during the quarter. Another prospective agreement with a large financial institution remains in final contract review, with project work already underway. QuoteMedia expects completion in the near term. It also expects business momentum to continue through the fourth quarter and fiscal 2027, with secured enterprise agreements and opportunities nearing completion contributing increasingly to revenue as implementation progresses through the remainder of 2026 and into 2027.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointQ3 revenue rose 9%, or $446,872, to $5,601,427 from $5,154,555 a year earlier.
- Moderate pointGross margin increased to 54% in Q3 2026 from 48% in Q3 2025.
- Moderate pointNet loss narrowed $209,637 to $157,555 in Q3 2026 from $367,192 a year earlier.
- Moderate pointAdjusted EBITDA increased $85,327 to $462,989 in Q3 2026 from $377,662 a year earlier.
- Moderate pointSeveral new client agreements completed during the quarter, expanding QuoteMedia's enterprise customer base.
4 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.Enterprise relationships are expected to contribute increasingly to revenue as implementation progresses through remaining 2026 and into 2027.
- Minor point. Forward-looking: it has not happened yet and may not happen.Business momentum is expected to continue through the fourth quarter and fiscal 2027, QuoteMedia said.
- Minor pointDepreciation and amortization decreased to $562,475 in Q3 2026 from $752,038 in Q3 2025.
- Minor pointInterest expense decreased to $10,594 in Q3 2026 from $18,222 in Q3 2025.
Negative
- Moderate pointProspective financial-institution agreement remains in final contract review; project work is already underway.
- Minor pointMore current development spending is expensed rather than capitalized, while historical development-cost amortization continues affecting earnings.
- Minor pointStock-based compensation increased to $24,000 in Q3 2026 from none in Q3 2025.
- Minor pointForeign exchange shifted to a $22,961 loss in Q3 2026 from a $25,449 gain a year earlier.
- Minor pointIncome tax expense increased to $514 in Q3 2026 from $43 in Q3 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHOENIX, Nov. 12, 2026 (GLOBE NEWSWIRE) -- QuoteMedia, Inc. (OTCQB: QMCI), a provider of financial market data and technology solutions, today announced financial results for the quarter ended September 30, 2026. Revenue increased
For more than two decades, QuoteMedia has focused on becoming the market data and technology partner financial institutions can rely on for comprehensive solutions, responsive service and compelling value.
Today, banks, brokerage firms, wealth managers, private equity firms and other financial organizations are increasingly seeking flexible, cost-effective alternatives to traditional market data providers. QuoteMedia addresses that demand through a broad suite of streaming market data feeds, XML/JSON APIs, financial content and analytics, and desktop and mobile applications including Quotestream Professional.
Our technology platform is designed to support organizations ranging from emerging financial firms to large-scale enterprise deployments. The breadth of our solutions allows clients to consolidate services with a single provider while giving QuoteMedia opportunities to expand those relationships as client requirements grow.
Highlights for Q3 2026 include the following:
- Quarterly revenue increased
9% , or$446,872 , to$5,601,427 in Q3 2026 from$5,154,555 in Q3 2025. - Gross margin improved to
54% , compared with48% in the same quarter last year. - Adjusted EBITDA(1) increased
$85,327 to$462,989 in Q3 2026, compared with$377,662 in Q3 2025. - Net loss decreased
$209,637 to$157,555 in Q3 2026, compared with a net loss of$367,192 in Q3 2025.
Management Commentary
“We are pleased with the progress QuoteMedia has made during the third quarter, with year-over-year improvements across all of our key financial performance measures,” said Robert J. Thompson, Chairman of the Board at QuoteMedia. “We achieved solid revenue growth, expanded our gross margins, increased adjusted EBITDA, and significantly reduced our net loss. These results reflect the ongoing benefits of our focus on operational performance, continued demand for our market data and technology solutions, and our success in securing new business.
“During the quarter, we completed several significant new client agreements, further strengthening our enterprise customer base and expanding our revenue opportunities. We are also in the final stages of contract review with another major prospective client, a large financial institution, for which project work is already underway. We anticipate bringing this agreement to completion in the near term. These developments, combined with a strong pipeline of additional enterprise opportunities, position us well for continued growth.”
Reported earnings continue to reflect the accounting treatment and timing of development investments made in prior periods. As our development activities increasingly focus on enhancing, refining, and maintaining our existing product suite, a greater proportion of current development expenditures are recognized as operating expenses rather than capitalized. At the same time, amortization of development costs capitalized in previous periods remains elevated, though the impact of these historical development costs on reported earnings is expected to diminish over time as those assets fully amortize. These factors continue to affect reported earnings and EBITDA, but do not represent a corresponding reduction in current-period cash flow.
Outlook
“We believe the improvements achieved during the third quarter reflect positive underlying momentum in our business as we showed gains across all key metrics, and we expect this momentum to continue through the fourth quarter and in fiscal 2027,” added Robert J. Thompson. “The successful completion of several significant new client agreements and the advancement of additional major enterprise opportunities provide a solid foundation for future growth.
“Our sales pipeline remains strong, and we continue to see opportunities to expand our relationships with existing clients, attract new enterprise customers, and broaden the reach of our market data and technology solutions. With several new enterprise agreements now secured and additional significant opportunities nearing completion, we expect these relationships to contribute increasingly to revenue as implementation progresses through the remainder of 2026 and into 2027. We remain focused on executing our growth strategy, improving operating performance, and building sustainable long-term value for our shareholders.”
Conference Call Details
QuoteMedia will host a conference call on Friday, November 13, 2026, at 2:00 PM Eastern Time to discuss our Q3 2026 financial results and provide a business update.
Conference Call Details:
Date: November 13, 2026
Time: 2:00 PM Eastern
Conference Link "Dial Me": https://link.meetingpanel.com/?id=quotemedia-q3-results
Dial-in numbers: 888-999-3182 Primary, 848-280-6330 Alternate
Conference ID: 3818457 PIN: 2420
An audio rebroadcast of the call will be available later at: www.quotemedia.com
About QuoteMedia
QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides industry leading market data solutions and financial services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Bank of Montreal (BMO), Broadridge Financial Systems, JPMorgan Chase, Scotiabank, CI Financial, Canaccord Genuity Corp., Hilltop Securities, Zacks Investment Research, Bombardier, Telus International, Business Wire, PR Newswire, The Goldman Sachs Group, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Aviso Financial Inc., Securities, CNW Group, iA Private Wealth, Ally Invest, Inc., Suncor, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Stock-Trak, Mergent, Cision and others. Quotestream®, QMod™ and Quotestream Connect™ are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.
Forward-Looking Statements
Statements about QuoteMedia's future expectations, including future revenue, earnings, growth trajectory, pipeline opportunities, product development, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements are based on current expectations, estimates, and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described from time to time in the Company’s SEC reports and filings, which are available at www.sec.gov. All forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
Below are the specific forward-looking statements included in this press release:
- We anticipate bringing this agreement to completion in the near term. These developments, combined with a strong pipeline of additional enterprise opportunities, position us well for continued growth.
- We believe the improvements achieved during the third quarter reflect positive underlying momentum in our business, and we expect this momentum to continue through the fourth quarter and throughout fiscal 2027.
- With several new enterprise agreements now secured and additional significant opportunities nearing completion, we expect these relationships to contribute increasingly to revenue as implementation progresses through the remainder of 2026 and into 2027.
QuoteMedia Investor Relations
Dave Shworan
Email: dave@quotemedia.com
Call: (250) 954-3216 ext. 2101
Note 1 on Non-GAAP Financial Measures
We believe that Adjusted EBITDA, as a non-GAAP financial measure, provides meaningful information to investors in terms of enhancing their understanding of our operating performance and results, as it allows investors to more easily compare our financial performance on a consistent basis compared to the prior year periods. This non-GAAP financial measure also corresponds with the way we expect investment analysts to evaluate and compare our results. Any non-GAAP pro forma financial measures should be considered only as supplements to, and not as substitutes for or in isolation from, or superior to, our other measures of financial information prepared in accordance with GAAP, such as net income attributable to QuoteMedia, Inc.
We define and calculate Adjusted EBITDA as net income attributable to QuoteMedia, Inc., plus: 1) depreciation and amortization, 2) stock compensation expense, 3) interest expense, 4) foreign exchange loss (or minus a foreign exchange gain), and 5) income tax expense. We disclose Adjusted EBITDA because we believe it is a useful metric by which to compare the performance of our business from period to period. We understand that measures similar to Adjusted EBITDA are broadly used by analysts, rating agencies, investors and financial institutions in assessing our performance. Accordingly, we believe that the presentation of Adjusted EBITDA provides useful information to investors. The table below provides a reconciliation of Adjusted EBITDA to net income attributable to QuoteMedia, Inc., the most directly comparable GAAP financial measure.
QuoteMedia, Inc. Adjusted EBITDA Reconciliation to Net Loss:
| Three-months ended September 30, | 2026 | 2025 | |||||
| Net loss | $ | (157,555) | $ | (367,192) | |||
| Depreciation and amortization | 562,475 | 752,038 | |||||
| Stock-based compensation | 24,000 | - | |||||
| Interest expense | 10,594 | 18,222 | |||||
| Foreign exchange (gain) loss | 22,961 | (25,449) | |||||
| Income tax (benefit) expense | 514 | 43 | |||||
| Adjusted EBITDA | $ | 462,989 | $ | 377,662 | |||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did QuoteMedia's revenue grow in Q3 2026?
QuoteMedia's Q3 2026 revenue increased 9%, or $446,872, to $5,601,427 from $5,154,555 in Q3 2025.
Was QuoteMedia profitable in Q3 2026?
QuoteMedia reported a net loss of $157,555 in Q3 2026, compared with a net loss of $367,192 a year earlier. Adjusted EBITDA, a non-GAAP earnings measure excluding specified expenses, was positive at $462,989, compared with $377,662 in Q3 2025.
How are development costs affecting QuoteMedia's reported earnings?
A greater proportion of current development expenditures is being recognized as operating expenses rather than capitalized costs, while amortization of previously capitalized development costs remains elevated. QuoteMedia expects the historical costs' earnings impact to diminish as those assets fully amortize. These accounting effects do not represent a corresponding reduction in current-period cash flow.