Data443 Risk Mitigation, Inc. filings document SEC reporting obligations for a public data security and privacy software issuer. The filing record includes a Form 12b-25 notification related to the company’s Annual Report on Form 10-K, identifying the registrant and the annual reporting period. These disclosures frame the company’s formal reporting status, periodic-report timing, and public-company compliance matters.
Data443 Risk Mitigation, Inc. reported a larger net loss for the three months ended March 31, 2026 as liquidity pressures intensified. Revenue was $1,017,380, down from $1,166,589, and gross profit fell to $166,529, a margin of 16% versus 68% a year earlier.
Net loss widened to $1,013,506 from $676,664, driven by sharply higher cost of revenue and interest expense of $477,103. Cash declined to $40,812 against current liabilities of $18,842,890, producing a working capital deficit of $18,153,383 and prompting a going concern warning.
The company relies heavily on convertible and other promissory notes; several convertible notes are in default with elevated default interest rates. To reduce debt, it converted $104,540 of notes into 508,375,413 new common shares and issued 76,000,000 shares via cashless warrant exercise, increasing shares outstanding to 1,313,420,344.
DATA443 RISK MITIGATION, INC. provides data security and privacy management solutions for enterprises and government, protecting sensitive data across cloud, on‑premises and hybrid environments. The company offers a broad portfolio, including ransomware recovery, data identification, archiving, secure content distribution, phishing and malware detection, and AI governance platforms.
Data443 serves over 10,000 commercial enterprise customers and more than 100,000 open‑source users, processes billions of security transactions monthly, and operates data centers in the U.S., Germany and Israel. As of June 30, 2022, non‑affiliate equity market value was $1,594,117, and as of April 15, 2026, common shares outstanding were 1,313,420,344, reflecting significant dilution over time and a 1‑for‑600 reverse stock split in 2023.
The company highlights numerous risks, including a history of losses, the need for additional capital, substantial doubt about its ability to continue as a going concern, intense competition, cybersecurity threats, secured debt, penny‑stock trading on OTC Pink, and concentrated control by its CEO. It remains an emerging growth company and adopted a 2023 Equity Incentive Plan reserving 800,000 shares for awards.
Data443 Risk Mitigation, Inc. filed a Form 12b-25 notification stating it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The company says financial compilation and review imposed time constraints and expects to file the Form 10-K within fifteen days of the original due date.
The notification is signed by Greg McCraw, Chief Financial Officer, dated March 31, 2026. Contact telephone shown is (919) 526-1070.
Data443 Risk Mitigation (ATDS) reported Q3 results showing lower revenue and a smaller loss. Q3 revenue was $899,132 versus $1,146,937 a year ago. Gross profit was $545,734 with operating expenses of $1,107,592, resulting in an operating loss of $(561,858) and a net loss of $(602,434). For the nine months, revenue was $3,497,748 and net loss was $(1,597,069), with interest expense reduced year over year.
The balance sheet remains highly leveraged: cash was $49,086 and total assets $5.29 million against total liabilities of $18.77 million, leaving a stockholders’ deficit of $(13.48 million). Current liabilities were $16.92 million versus current assets of $134,831. Deferred revenue totaled $2.07 million. Convertible notes payable were $4.00 million, all current.
The company disclosed substantial doubt about its ability to continue as a going concern and listed several convertible notes in default. Capital activity expanded the share count: 497,561,331 shares outstanding as of September 30, 2025, and 629,956,531 as of November 14, 2025. Subsequent events included additional cashless warrant share issuances and a new $92,400 convertible note with a conversion formula tied to market price.