Professional Diversity Network (NASDAQ: IPDN) posts deeper 2025 loss on soaring costs

Rhea-AI Filing Summary

Professional Diversity Network, Inc. reported fourth-quarter and full-year 2025 results showing modest revenue pressure but sharply higher losses. Full-year revenue was about $6.55M, down 2.7% from 2024, as TalentAlly and NAPW declined while RemoteMore’s contracted software development revenue grew 49.0% to roughly $2.73M.

Costs rose significantly, with 2025 cost of revenues up 40.7% to about $3.72M and general and administrative expenses more than doubling to approximately $7.21M. Net loss from continuing operations widened to about $6.51M versus $2.60M in 2024. Adjusted EBITDA was a loss of roughly $2.64M. Cash and cash equivalents fell to about $0.22M, offset by $1.25M of restricted cash, as operating and investing outflows were funded by $6.83M of financing inflows.

Positive

• None.

Negative

• Losses and expenses surged in 2025, with loss from continuing operations widening to about $6.51M from $2.60M and general and administrative expenses more than doubling to roughly $7.21M, indicating significantly higher cost intensity despite only modest revenue decline.

Insights

Equity analyst

Revenue is stable, but costs and losses have escalated sharply in 2025.

Professional Diversity Network generated full-year 2025 revenue of $6.55M, only 2.7% below 2024, as weakness in TalentAlly and NAPW was largely offset by RemoteMore, whose contracted software development revenue rose 49.0% to about $2.73M.

The problem is cost growth. Cost of revenues increased 40.7% to roughly $3.72M, and general and administrative expenses more than doubled to around $7.21M. As a result, loss from continuing operations expanded to about $6.51M from $2.60M, and Adjusted EBITDA loss deepened to roughly $2.64M.

The balance sheet shows cash and cash equivalents of about $0.22M plus $1.25M of restricted cash at December 31, 2025. Operating activities used roughly $2.09M of cash and investing used about $5.00M, funded by $6.83M from financing. Future filings may clarify how management plans to manage costs and support liquidity.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

2025 total revenue: $6.547M 2025 net loss from continuing operations: $6.511M 2025 general and administrative expenses: $7.206M +5 more

8 metrics

2025 total revenue $6.547M Year ended December 31, 2025; down 2.7% from $6.731M in 2024

2025 net loss from continuing operations $6.511M Year ended December 31, 2025; versus $2.595M loss in 2024

2025 general and administrative expenses $7.206M More than doubled from $3.534M in 2024

2025 Adjusted EBITDA -$2.638M Year ended December 31, 2025; versus -$1.942M in 2024

RemoteMore 2025 revenue $2.727M Contracted software development; up 49.0% from $1.830M in 2024

Cash and cash equivalents $217K As of December 31, 2025; plus $1.25M restricted cash

Q4 2025 revenue $1.669M Three months ended December 31, 2025; up 3.0% from $1.620M

Q4 2025 net loss from continuing ops $2.903M Three months ended December 31, 2025; versus $0.780M loss in Q4 2024

Key Terms

Adjusted EBITDA, non-GAAP financial measures, stock-based compensation, loss attributable to noncontrolling interest, +2 more

6 terms

Adjusted EBITDA financial

"We believe Adjusted EBITDA provides a meaningful representation of our operating performance"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP financial measures financial

"Professional Diversity Network, Inc. and Subsidiaries Non-GAAP (Adjusted) Financial Measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

stock-based compensation financial

"The adjustments for the three months and year ended December 31, 2025 relate to stock-based compensation"

Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.

loss attributable to noncontrolling interest financial

"The adjustments for the three months and year ended December 31, 2025 relate to stock-based compensation, loss attributable to noncontrolling interest"

restricted cash financial

"Restricted cash | | | 1,250 | | | $ | - |"

Cash that a company holds but cannot use for day-to-day operations because it is set aside for a specific purpose—such as meeting loan covenants, serving as collateral, funding an escrow, or complying with regulations. Like money in a locked savings account earmarked for a bill, restricted cash reduces the cash available to run the business and pay dividends or debts, so investors treat it differently when assessing a company’s true short-term financial strength.

emerging growth company regulatory

"Emerging growth company Item 2.02. Results of Operations and Financial Condition"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Earnings Snapshot

Revenue: $6.547M FY; $1.669M Q4

Q4 and FY 2025

Revenue $6.547M FY; $1.669M Q4 -2.7% FY vs 2024; +3.0% Q4 YoY

Net loss from continuing operations $6.511M FY; $2.903M Q4 150.9% wider FY; 272.2% wider Q4 YoY

Adjusted EBITDA -$2.638M FY; $0.710M Q4 FY loss deeper vs -$1.942M; Q4 positive vs -$0.499M

Cost of revenues $3.724M FY; $1.107M Q4 +40.7% FY; +65.2% Q4 YoY

General and administrative $7.206M FY; $3.003M Q4 +103.9% FY; +203.6% Q4 YoY

Understanding 8-K Material Events →

false 0001546296 0001546296 2026-03-31 2026-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 31, 2026

PROFESSIONAL DIVERSITY NETWORK, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-35824		80-0900177
(State or other jurisdiction		(Commission		(I.R.S. Employer
of incorporation)		File Number)		Identification No.)

55 E. Monroe Street, Suite 2120, Chicago, Illinois 60603

(Address of principal executive offices)

Registrant’s telephone number, including area code: (312) 614-0950

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $.01 par value		IPDN		The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On March 31, 2026, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

Reference is made to the disclosure in Item 2.02 of this Form 8-K, which disclosure is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1	Press Release, dated March 31, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Professional Diversity Network, Inc.
Date: March 31, 2026	/s/ Xun Wu
	Xun Wu, Chief Executive Officer

Exhibit 99.1

Professional Diversity Network, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended December 31, 2025

Chicago, IL, March 31, 2026 (GLOBE NEWSWIRE) — Professional Diversity Network, Inc. (NASDAQ:IPDN), (“IPDN” or the “Company”), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse and specialized individuals, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025.

“During fiscal year 2025, the Company generated approximately $6.55 million in revenue, reflecting a 2.7% decline from the prior year amid a challenging macroeconomic and workforce environment,” said Yiran Gu, CFO of Professional Diversity Network, Inc. “While weaker hiring demand, reduced employer spending, and lower membership activity impacted TalentAlly and NAPW’s performance, growth in RemoteMore’s contracted software development services, driven by increased demand for remote engineering and outsourced technical solutions, partially offset these declines.”

“Although our recently acquired copyright assets had not generated revenue as of December 31, 2025, we believe these investments position the Company to capture higher-growth, technology-enabled opportunities,” said Xun Wu, CEO of Professional Diversity Network, Inc. “We are actively repositioning the business to diversify revenue streams and strengthen long-term financial performance.”

Fourth Quarter Financial Highlights:

● Net cash provided by financing activities was approximately $6.83 million for the year ended December 31, 2025, compared to approximately $4.57 million in 2024, reflecting increased capital raising activities.

● Contracted software development revenue grew significantly to approximately $2.73 million in 2025 from approximately $1.83 million in 2024, reflecting strong demand for remote engineering and outsourced technical services.

● Sales and marketing expenses decreased to approximately $1.91 million in 2025 from approximately $2.75 million in 2024, reflecting improved cost management and operational efficiency.

● The Company invested approximately $6.93 million in copyright-related assets during fiscal year 2025 through cash and non-cash stock consideration as part of its ongoing strategy to expand into intellectual property–based initiatives.

● In addition, the Company acquired approximately $2.59 million of digital token assets as part of its broader strategy to participate in blockchain-enabled ecosystems and digital asset markets.

Financial Results for the Three Months Ended December 31, 2025

Revenues

During the three months ended December 31, 2025, our TalentAlly Network generated approximately $787,000 of comparable revenues compared to approximately $1,002,000 in revenues during the three months ended December 31, 2024, a decrease of approximately $215,000 or 21.5 percent.  

During the three months ended December 31, 2025, NAPW Network's revenue was approximately $80,000, compared to revenues of approximately $92,000 during the same period in the prior year, a decrease of approximately $12,000 or 13.0 percent.

During the three months ended December 31, 2025, RemoteMore's revenue was approximately $802,000, compared to revenues of approximately $526,000 during the same period in the prior year, an increase of approximately $276,000 or 52.5 percent.

Costs and Expenses

Cost of revenues during the three months ended December 31, 2025 was approximately $1,107,000, an increase of approximately $437,000, or 65.2 percent, from approximately $670,000 during the same period of the prior year. 

General and administrative expenses increased by approximately $2,014,000, or 203.6 percent, to approximately $3,003,000 during the three months ended December 31, 2025, as compared to the same period in the prior year.

Net Loss from Continuing Operations

As the result of the factors discussed above, during the three months ended December 31, 2025, we incurred a net loss of approximately $2,903,000 from continuing operations, an increase in the net loss of approximately $2,123,000 or 272.2 percent, compared to a net loss of approximately $780,000 during the three months ended December 31, 2024.

Financial Results for the Year Ended December 31, 2025

Revenues

Total revenues for the year ended December 31, 2025 decreased approximately $184,000, or 2.7%, to approximately $6,547,000 from approximately $6,731,000 during the prior year. 

During the year ended December 31, 2025, TalentAlly Network generated approximately $3,477,000 in revenue compared to approximately $4,472,000 in revenues during the year ended December 31, 2024, a decrease of approximately $995,000, or 22.2 percent. 

During the year ended December 31, 2025, NAPW Network's revenue was approximately $343,000, compared to revenues of approximately $429,000 during the prior year, a decrease of approximately $86,000 or 20.0 percent.

During the year ended December 31, 2025, RemoteMore's revenue was approximately $2,727,000, compared to revenues of approximately $1,830,000 during the prior year, a increase of approximately $897,000 or 49.0 percent.

Costs and Expenses

Cost of revenues during the year ended December 31, 2025 was approximately $3,724,000, a increase of approximately $1,078,000, or 40.7 percent, from approximately $2,646,000 during the prior year. 

General and administrative expenses increased by approximately $3,672,000, or 103.9 percent, to approximately $7,206,000 during the year ended December 31, 2025, compared to the prior year.

Net Loss from Continuing Operations

During the year ended December 31, 2025, we incurred a net loss of approximately $6,511,000 from continuing operations, a increase in the net loss of approximately $3,916,000 or 150.9 percent, compared to a net loss of approximately $2,595,000 during the same period in the prior year. 

Summary Financial Information

Amounts in following tables are in thousands except for per share amounts and outstanding shares.

Summary of Financial Position

		December 31,				December 31,
		2025				2024
			(in thousands)
Current Assets:
Cash and cash equivalents		$	217			$	1,731
Restricted cash			1,250			$	-
Other current assets			1,093				1,496
Total current assets		$	2,560			$	3,227
Long-term assets			15,308				4,755
Total Assets		$	17,868			$	7,982
Total current liabilities		$	6,603			$	2,956
Total long-term liabilities			82				185
Total liabilities		$	6,685			$	3,141
Total stockholders’ equity			11,750				5,322
Total stockholders’ equity – noncontrolling interests			(567	)			(481	)
Total liabilities and stockholders’ equity		$	17,868			$	7,982

Summary of Financial Operations

		Year Ended
		December 31,								Change				Change
		2025				2024				(Dollars)				(Percent)
		(in thousands)
Revenues:
Membership fees and related services		$	343			$	429			$	(86	)			(20.0	)%
Recruitment services			3,456				4,434				(978	)			(22.1	)%
Contracted software development			2,727				1,830				897				49.0	%
Consumer advertising and marketing solutions			21				38				(17	)			(44.7	)%
Total revenues		$	6,547			$	6,731			$	(184	)			(2.7	)%
Cost and expenses:
Cost of revenues		$	3,724			$	2,646			$	1,078				40.7	%
Sales and marketing			1,911				2,752				(841	)			(30.6	)%
General and administrative			7,206				3,534				3,672				103.9	%
Depreciation and amortization			158				204				(46	)			(22.5	)%
Total pre-tax cost and expenses:		$	12,999			$	9,136			$	3,863				42.3	%
Loss from continuing operations, net of tax		$	(6,511	)		$	(2,595	)		$	(3,916	)			(150.9	)%
Basic and diluted loss per share:
Continuing operations		$	(2.11	)		$	(2.07	)
Weighted average outstanding shares used in computing net loss per common share:
Basic and diluted			3,080,246				1,252,300

		Three Months Ended
		December 31,								Change				Change
		2025				2024				(Dollars)				(Percent)
		(in thousands)
Revenues:
Membership fees and related services		$	80			$	92			$	(12	)			(13.0	)%
Recruitment services			783				994				(211	)			(21.2	)%
Contracted software development			802				526				276				52.5	%
Consumer advertising and marketing solutions			4				8				(4	)			(50.0	)%
Total revenues		$	1,669			$	1,620			$	49				3.0	%
Cost and expenses:
Cost of revenues		$	1,107			$	670			$	437				65.2	%
Sales and marketing			413				516				(103	)			(20.0	)%
General and administrative			3,003				989				2,014				203.6	%
Depreciation and amortization			37				41				(4	)			(9.8	)%
Total pre-tax cost and expenses:		$	4,560			$	2,216			$	2,344				105.8	%
Loss from continuing operations, net of tax		$	(2,903	)		$	(780	)		$	(2,123	)			272.2	%
Basic and diluted loss per share:
Continuing operations		$	(0.53	)		$	(0.55	)
Weighted average outstanding shares used in computing net loss per common share:
Basic and diluted			5,431,025				1,421,079

Summary of Cash Flows from Continuing Operations

		Year Ended December 31,
Cash (used in) provided by continuing operations		2025				2024
		(in thousands)
Operating activities		$	(2,087	)		$	(2,501	)
Investing activities			(5,004	)			(963	)
Financing activities			6,827				4,568
Net increase in cash, cash equivalents, and restricted cash from continuing operations		$	(264	)		$	1,104

Professional Diversity Network, Inc. and Subsidiaries

Non-GAAP (Adjusted) Financial Measures

We believe Adjusted EBITDA provides a meaningful representation of our operating performance that provides useful information to investors regarding our financial condition and results of operations. Adjusted EBITDA is commonly used by financial analysts and others to measure operating performance. Furthermore, management believes that this non-GAAP financial measure may provide investors with additional meaningful comparisons between current results and results of prior periods as they are expected to be reflective of our core ongoing business. However, while we consider Adjusted EBITDA to be an important measure of operating performance, Adjusted EBITDA and other non-GAAP financial measures have limitations, and investors should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. Further, Adjusted EBITDA, as we define it, may not be comparable to EBITDA, or similarly titled measures, as defined by other companies.

The following non-GAAP financial information in the tables that follow is reconciled to comparable information presented using GAAP, derived by adjusting amounts determined in accordance with GAAP for certain items presented in the accompanying selected operating statement data.

The adjustments for the three months and year ended December 31, 2024 relate to stock-based compensation, loss attributable to noncontrolling interest, depreciation and amortization, interest and other income and income tax benefit.

The adjustments for the three months and year ended December 31, 2025 relate to stock-based compensation, loss attributable to noncontrolling interest, depreciation and amortization, interest and other income and income tax benefit.

		Three Months Ended December 31,
		2025				2024
		(in thousands)
Loss from Continuing Operations		$	(2,903	)		$	(781	)
Stock-based compensation			3,555				37
Loss attributable to noncontrolling interest			8				19
Depreciation and amortization			37				41
Other (expense) income, net			13				185
Income tax expense (benefit)			-				-
Adjusted EBITDA		$	710			$	(499	)

		Year Ended December 31,
		2025				2024
		(in thousands)
Loss from Continuing Operations		$	(6,511	)		$	(2,595	)
Share-based compensation			3,596				175
Loss attributable to noncontrolling interest			60				84
Depreciation and amortization			158				204
Other income (expense)			59				184
Income tax expense (benefit)			-				6
Adjusted EBITDA		$	(2,638	)		$	(1,942	)

About Professional Diversity Network

Professional Diversity Network, Inc. (NASDAQ: IPDN) is a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse professionals. We operate subsidiaries in the United States including National Association of Professional Women (NAPW) and its brand, International Association of Women (IAW), which is one of the largest, most recognized networking organizations of professional women in the country, spanning more than 200 industries and professions. Through an online platform and our relationship recruitment affinity groups, we provide our employer clients a means to identify and acquire diverse talent and assist them with their efforts to comply with the Equal Employment Opportunity Office of Federal Contract Compliance Program. Our mission is to utilize the collective strength of our affiliate companies, members, partners and unique proprietary platform to be the standard in business diversity recruiting, networking and professional development for women, minorities, veterans, LGBTQ+ and disabled persons globally.

Forward-Looking Statements

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our most recently filed Annual Report on Form 10-K and in our subsequent filings with the Securities and Exchange Commission. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” and “would” or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Our most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, together with this press release and the financial information contained herein, are available on our website, www.prodivnet.com. Please click on “Investor Relations.”

Investor Inquiries:

investors@ipdn.com

+1 (312) 614-0950

Source: Professional Diversity Network, Inc.

Released March 31, 2026

FAQ

How did Professional Diversity Network (IPDN) perform financially in 2025?

Professional Diversity Network reported 2025 revenue of about $6.55 million, down 2.7% from 2024. Loss from continuing operations widened to roughly $6.51 million from $2.60 million as costs, particularly general and administrative expenses, increased significantly during the year.

What drove segment revenue changes for IPDN in 2025?

In 2025, IPDN’s TalentAlly Network revenue fell to about $3.48 million and NAPW revenue declined to roughly $343,000. RemoteMore’s contracted software development revenue grew strongly to about $2.73 million, a 49.0% increase from $1.83 million in the prior year.

How did IPDN’s costs and profitability change in 2025?

Cost of revenues rose to about $3.72 million, up 40.7%, and general and administrative expenses increased to roughly $7.21 million, more than double 2024. This drove IPDN’s loss from continuing operations to widen to around $6.51 million from $2.60 million.

What were Professional Diversity Network’s Q4 2025 results?

In Q4 2025, IPDN generated revenue of about $1.67 million, up 3.0% year over year. However, loss from continuing operations rose to approximately $2.90 million from $780,000 as cost of revenues, and especially general and administrative expenses, increased substantially.

What is IPDN’s cash position and cash flow profile for 2025?

At December 31, 2025, IPDN held about $217,000 in cash and cash equivalents and $1.25 million in restricted cash. Operating activities used roughly $2.09 million of cash, investing used about $5.00 million, while financing activities provided approximately $6.83 million.

How did IPDN’s Adjusted EBITDA trend in 2025?

For 2025, IPDN reported an Adjusted EBITDA loss of about $2.64 million, compared with a $1.94 million Adjusted EBITDA loss in 2024. The metric adjusts for share-based compensation, noncontrolling interest, depreciation and amortization, other income or expense, and income taxes.

Filing Exhibits & Attachments

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