Intellinetics, Inc. filings document the regulatory record of a Nevada digital transformation solutions provider with common stock registered under the Exchange Act. Its 8-K reports cover quarterly and annual operating results, revenue categories such as SaaS and professional services, material agreements, debt arrangements and other capital-structure actions.
The company’s proxy and current reports also disclose annual meeting matters, director elections, shareholder voting results, board composition, officer appointments and resignation-related arrangements. Recent filings include disclosures on a secured line of credit, repayment and termination of notes payable, and governance matters associated with executive leadership changes.
Intellinetics, Inc. reported softer results for the quarter and six months ended June 30, 2026. Q2 revenue was $3,946,477, down modestly year over year, as reduced professional services in the Document Services segment outweighed growth in software-as-a-service (SaaS). SaaS revenue rose to $1,643,416 in Q2 and $3,187,263 for the six months, both above 2025 levels, and continued to carry high gross margins, but total gross margin compressed to 66.4% in Q2 and 64.9% year-to-date, mainly from weaker professional services mix.
Operating expenses excluding cost of revenues increased to $3,709,046 in Q2 and $7,373,657 year-to-date, driven by CEO transition costs, recruiting fees and higher share-based compensation. Net loss widened to $1,086,138 in Q2 and $2,263,991 for the six months, with loss per share of $0.24 and $0.51, respectively. Operating cash flow turned to an outflow of $186,094 for the six months.
At June 30, 2026, cash was $1,713,637, current assets $3,830,641, deferred revenue $2,911,110, and stockholders’ equity $9,802,418. The company had no debt outstanding and access to a new $1 million secured line of credit with JPMorgan Chase, while remaining heavily exposed to a single large customer, the State of Michigan, and to government-related spending trends.
Intellinetics, Inc. reported softer results for the quarter and six months ended June 30, 2026. Second-quarter revenue was $3.95 million, down 1.6% year over year, as a 5.8% decline in professional services and an 11.7% decline in software maintenance more than offset 4.2% SaaS growth and 8.8% storage and retrieval growth.
Gross profit fell to $2.62 million, and operating expenses rose 14.7% to $3.71 million, driven mainly by higher general and administrative costs and increased share-based compensation. Net loss widened to $1.09 million, or $(0.24) per share, and Adjusted EBITDA turned to a $(0.37) million loss.
For the first half of 2026, revenue declined 4.9% to $7.86 million, net loss increased to $2.26 million, and Adjusted EBITDA was a $(0.66) million loss. Cash was $1.71 million at June 30, 2026. Management emphasizes a shift toward higher-growth SaaS and recurring revenue and continues to expect double-digit SaaS growth for 2026.
Intellinetics, Inc. reported that shareholders approved all six proposals at the 2026 Annual Meeting of Stockholders. Of 4,458,863 shares outstanding as of April 28, 2026, a quorum of 2,242,308 shares was present in person or by proxy.
All director nominees were elected for one-year terms. Stockholders approved amendments to the 2024 Equity Incentive Plan, increasing shares authorized for issuance from 243,122 to 917,157, and to the 2023 Non-Employee Director Compensation Plan, increasing authorized shares from 150,000 to 302,863. They also approved, on an advisory basis, executive compensation and recommended holding the advisory vote on pay every three years. The appointment of GBQ Partners LLC as independent registered public accounting firm for the year ending December 31, 2026 was ratified.
INTELLINETICS, INC. director and 10% owner Michael N. Taglich received a grant of non-qualified stock options covering 10,000 shares of common stock. The options have an exercise price of $6.11 per share and expire on June 25, 2036.
Following this award, Taglich holds 97,124 stock options directly. The grant was provided as compensation for director services under the company’s 2023 Non-Employee Director Compensation Plan, making it a routine, compensation-related equity award rather than an open-market stock purchase or sale.
Intellinetics, Inc. director Paul Seid was granted stock options as part of his board compensation. He received a non-qualified stock option covering 5,000 shares of common stock at an exercise price of $6.11 per share, expiring June 25, 2036.
The grant was awarded for director services under the company’s 2023 Non-Employee Director Compensation Plan. Following this award, Seid holds options on a total of 15,500 shares of Intellinetics common stock.
INTELLINETICS, INC. director Stanley P. Jaworski Jr. received a grant of non-qualified stock options as part of his board compensation. The award covers 5,000 options for common stock at an exercise price of $6.11 per share, granted in exchange for director services under the company’s 2023 Non-Employee Director Compensation Plan. Following this grant, he holds 15,500 derivative securities linked to the company’s common stock directly.
Intellinetics, Inc. director John C. Guttilla received a grant of 5,000 non-qualified stock options as compensation for director services under the Company’s 2023 Non-Employee Director Compensation Plan. The options have an exercise price of $6.11 per share and expire on June 25, 2036. Following this grant, he holds 15,500 derivative securities directly.
INTELLINETICS, INC. director Russell Jean Bernier received a grant of non-qualified stock options covering 5,000 shares of common stock. The options have an exercise price of $6.11 per share, were granted as compensation for director services under the 2023 Non-Employee Director Compensation Plan, and expire on June 25, 2036. Following this award, Bernier holds a total of 13,100 options on the company’s common stock.
INTELLINETICS, INC. insider filings show that shares were sold indirectly through Taglich Brothers, Inc., an entity associated with 10% owner Robert Taglich. The entity executed two open-market sales of common stock, totaling 4,304 shares at prices of $6.50 and $6.58 per share. Following these sales, 454,338 shares of Intellinetics common stock remained indirectly owned as reflected in the filing.
INTELLINETICS, INC. director and 10% owner Michael N. Taglich reported indirect open-market sales of the company’s common stock by Taglich Brothers, Inc. The entity sold 3,754 shares at $6.58 per share on June 16 and 550 shares at $6.50 per share on June 17. After these transactions, Taglich Brothers, Inc. held 730,346 Intellinetics common shares indirectly associated with Taglich.