RTB Digital projects $102M 2027 revenue, $13M adj. EBITDA

Roundtable projects 2027 revenue of about $102 million and expects to reach Adjusted EBITDA-positive operations during 2027.

Rhea-AI Filing Summary

RTB Digital, Inc. (RTB), doing business as Roundtable, released a 2027 operating forecast describing a path to revenue growth and Adjusted EBITDA-positive operations. The company forecasts $102.1 million in revenue for full-year 2027 and $13.2 million in Adjusted EBITDA based on its current business, pipeline, and the Paradium.AI partnership.

For first quarter 2027, Roundtable projects revenue of $19.8 million, Adjusted EBITDA of $0.9 million, and gross margin of 40%, increasing to 41% for full-year 2027. The forecast also anticipates 104 enterprise media customers and 99.8 million monthly unique users in 2027, reflecting expected scale from its AI/DeFi-powered media operating platform and Coinbase-supported DeFi payment infrastructure.

Positive

• Company forecasts $102.1 million in 2027 revenue, indicating expectations for substantial scale versus its current early commercial stage.
• Guidance calls for Adjusted EBITDA-positive operations in 2027, with projected Adjusted EBITDA of $13.2 million for the year.
• Forecast includes expansion to 104 enterprise media customers and 99.8 million monthly unique users in 2027, suggesting significant anticipated platform adoption.

Negative

• None.

8-K Event Classification

2 items: 7.01, 9.01

2 items

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, or exhibit attachments filed with this report.

Key Figures

Forecast FY 2027 Revenue: $102.1 million Forecast FY 2027 Adjusted EBITDA: $13.2 million Forecast Q1 2027 Revenue: $19.8 million +5 more

8 metrics

Forecast FY 2027 Revenue $102.1 million Projected full-year 2027 revenue based on current business and pipeline

Forecast FY 2027 Adjusted EBITDA $13.2 million Projected full-year 2027 Adjusted EBITDA

Forecast Q1 2027 Revenue $19.8 million Projected revenue for first quarter 2027

Forecast Q1 2027 Adjusted EBITDA $0.9 million Projected Adjusted EBITDA for first quarter 2027

Forecast FY 2027 Gross Margin 41% Projected gross margin for full-year 2027

Forecast FY 2027 Cost of Sales $60.1 million Projected cost of sales for full-year 2027

Forecast 2027 Enterprise Media Customers 104 customers Projected enterprise media customers for 2027

Forecast 2027 Monthly Unique Users 99.8 million users Projected monthly unique users for 2027

Key Terms

Adjusted EBITDA, operating leverage, DeFi, Web3, +1 more

5 terms

Adjusted EBITDA financial

"Company expects to achieve annualized Adjusted EBITDA-positive operations during 2027"

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.

operating leverage financial

"Because the Company’s operating costs are largely fixed, significant operating leverage results"

Operating leverage measures how much a company's profits are affected by changes in sales volume. When a business has high operating leverage, small increases in sales can lead to much larger increases in profit, much like a lever amplifies force. It matters to investors because it indicates how sensitive a company's earnings are to fluctuations in sales, affecting risk and potential returns.

DeFi technical

"an AI/DeFi-powered Enterprise Media Operating System"

DeFi, short for decentralized finance, is a system of financial services built on blockchain technology that operates without traditional banks or intermediaries. It allows people to borrow, lend, trade, and earn interest directly with each other through digital platforms, much like using a peer-to-peer marketplace. For investors, DeFi offers the potential for greater access, transparency, and control over their financial activities.

Web3 technical

"The Web3 platform was developed over years by digital pioneers"

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

Nasdaq Capital Market market

"Common Stock, par value $0.001 per share | RTB | The Nasdaq Stock Market LLC (Nasdaq Capital Market)"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What 2027 revenue is Roundtable (RTB) forecasting in this 8-K?

Roundtable is forecasting $102.1 million in revenue for full-year 2027, based on its current business, sales pipeline, and the impact of its recently announced Paradium.AI partnership.

When does RTB expect to achieve Adjusted EBITDA-positive operations?

The company states it expects to achieve annualized Adjusted EBITDA-positive operations during 2027, and its forecast shows full-year 2027 Adjusted EBITDA of $13.2 million and first quarter 2027 Adjusted EBITDA of $0.9 million.

What customer and user growth does RTB project for 2027?

For 2027, Roundtable forecasts 104 enterprise media customers and 99.8 million monthly unique users, up from projected first quarter 2027 levels of 64 customers and 83.4 million monthly unique users.

What margins and operating expenses does RTB forecast for 2027?

The 2027 forecast shows $42.0 million gross profit on $102.1 million revenue, a gross margin of 41%, with $60.1 million cost of sales and $28.8 million operating expenses for the full year.

How does RTB describe its business model and platform in this filing?

Roundtable describes itself as an AI/DeFi-powered Enterprise Media Operating System that integrates publishing, syndication, monetization, real-time DeFi payments, security, and AI protection against fraudulent traffic for professional and major media brands.

What is RTB’s initial sector focus for its platform rollout?

Roundtable states that for 2027 it is initially focusing on onboarding media customers in the sports, finance, technology, and news sectors as the first verticals of what it believes could become a 20-vertical premium information marketplace.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): September 22, 2026

RTB Digital, Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-34294		22-3962936
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

4300 University Way, Suite C
Seattle, WA 98105

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (855) 201-1613

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	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 Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		RTB		The Nasdaq Stock Market LLC (Nasdaq Capital Market)

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 7.01 Regulation FD Disclosure.

Reference is made to the disclosure in Item 7.01 of this Current Report on Form 8-K (this “Form 8-K”), which disclosure is incorporated herein by reference. The Press Release (as defined below) is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

The information contained in this Form 8-K under Item 7.01, including Exhibit 99.1 attached hereto, is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, whether made before or after the date hereof. The information set forth in this Item 7.01 of this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed an admission as to the materiality of any information in this Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Forward-Looking Statements

This Form 8-K, including Exhibit 99.1 attached hereto, includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “forecast,” “estimate,” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. Such forward-looking statements include statements regarding the accretive transactions undertaken to date and future operations and revenues of the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, such as the company being able to maintain its listing on Nasdaq for the common stock, having sufficient capital for its acquisitions, operations and business integration and expansion, and developing its business and capturing users for its services. Annualized and longer period revenue and business and financial estimates are subject to macroeconomic events, to industry changes, to competitive forces, to client development and retention, to capital availability, and to many other operational factors; therefore, any operational and financial forecasts offered by the Company must take into account the fact that the underlying assumptions may significantly change over time, may not be borne out, and projected results may substantively increase or decrease. Other risk factors affecting the Company are discussed in detail in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Name of Exhibit
99.1*		Press Release, dated September 22, 2026
104*		Cover Page Interactive Data File (embedded within the inline XBRL document).

* Filed or furnished herewith

1

SIGNATURES

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

	RYVYL Inc.
	By:	/s/ James Heckman
		Name:	James Heckman
		Title:	Chief Executive Officer

Dated: September 22, 2026

2

Exhibit 99.1

Roundtable Files 8-K: Projects $90-$100 Million in 2027 Revenue and Annualized Adjusted EBITDA-Positive Operations

Company expects to achieve annualized Adjusted EBITDA-positive operations during 2027.

SEATTLE, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Roundtable (Nasdaq: RTB), an AI/DeFi-powered Enterprise Media Operating System, announces its 2027 operating forecast in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.

The Company forecasts $102 million in 2027 revenue and an Adjusted EBITDA-positive operations, based on current business and pipeline, and pro forma for the recently announced Paradium.AI partnership. Because the Company’s operating costs are largely fixed, significant operating leverage results as revenue scales past profitability.

2027 operating forecast (in $ millions)

		Q1 2027				FY 2027
Enterprise Media Customers			64				104
Monthly unique users (millions)			83.4				99.8
Revenue (million)		$	19.8			$	102.1
Cost of Sales		$	11.8			$	60.1
Gross profit		$	8.0			$	42.0
Gross margin			40	%			41	%
Operating expenses		$	7.0			$	28.8
Adjusted EBITDA*		$	0.9			$	13.2

* Adjusted EBITDA is a non-GAAP financial measure intended to reflect steady-state operations and excludes certain non-cash, transaction, transition and one-time costs, including PAAI transaction and integration expenses, reimbursed severance and staff wind-down costs, stock-based compensation, licensing and vendor transition costs, depreciation and amortization, interest, capital expenditures and professional fees. A reconciliation to net income (loss), the most directly comparable GAAP measure, is not available without unreasonable effort due to the variability, complexity and limited visibility of these items, including the accounting treatment of the Paradium.AI transaction, which could materially affect GAAP results. The forecast requires successful closure of PAAI transaction, which requires financing. See the accompanying press release for the full non-GAAP disclosure.

The PAAI partnership brings sufficient scale and market-based pricing to RTB’s market leading capabilities - which benefit all RTB customers. Our business model eliminates customers’ SaaS operational costs, and grows traffic and engagement, enabling media customers to focus their resources on creating content and engaging audiences.

Roundtable provides a unified DeFi/AI platform to media companies, which typically rely on fragmented third-party systems. RTB’s platform integrates publishing, syndication, monetization, real-time payments, security, and AI protection against fraudulent traffic and other threats.

Background

After launching its platform in June 2026 at The Cannes Lions International Festival of Creativity, Roundtable began to onboard enterprise media customers in the third quarter of 2026. 2027 will be the first full year of at-scale platform operations, and settled in partnership with Coinbase.

2027 Strategy

Roundtable is initially focusing on onboarding customers in the sports, finance, technology and news sectors, the initial verticals of what the Company believes will be a 20-vertical premium information marketplace. Developing business into verticals provides scale for verticalized marketers and thus higher yield per inventory unit.

About Roundtable (RTB Digital, Inc.)

Roundtable (NASDAQ: RTB) is an AI/DeFi-powered Enterprise Media Operating System, integrating distribution, publishing, monetization, community, syndication and DeFi payment operations, powering professional and major media brands. The Web3 platform was developed over years by digital pioneers and co-founders, Eyal Hertzog and James Heckman.

For more information, visit rtb.io.

Cautionary Note Regarding Forward-Looking Statements

This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “forecast,” “estimate,” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. Such forward-looking statements include statements regarding the accretive transactions undertaken in 2026 and future operations and revenues of the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, such as the Company being able to maintain its listing on Nasdaq for the common stock, having sufficient capital for its acquisitions, operations and business integration and expansion, and developing its business and capturing users for its services. Annualized and longer period revenue and business estimates are subject to the effect of macroeconomic events, industry changes, competitive forces, client development and retention, capital availability, and many other operational factors; therefore, any financial forecasts offered by the Company must take into account the fact that the underlying assumptions may not bear out or may significantly change over time and projected results may substantively increase or decrease. Other risk factors affecting the Company are discussed in detail in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

Investor Relations Contact: ir@roundtable.io

Public Relations Contact: pr@roundtable.io

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 22.1 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB