Here are the 10-K annual reports from Ryvyl Inc. (RVYL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow RVYL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RVYL filings page.
Ryvyl Inc. is a Nevada-based financial technology company focused on credit card payment processing for underserved and higher-risk merchants and an early-stage NEMS Core disbursements platform. It operates via BIN sponsorship arrangements and partners with acquiring banks and processors while handling underwriting, risk management and customer support in-house.
For the year ended December 31, 2025, Ryvyl reported a net loss of $17.5 million and an accumulated deficit of $196.9 million, leading management and auditors to express substantial doubt about its ability to continue as a going concern absent additional capital or a successful merger. The company sold its European subsidiary in June 2025, removing a prior source of profit repatriation, and its current cash balance is described as insufficient to fund operations for 12 months from this report’s date.
Ryvyl has agreed to merge with RTB Digital, Inc. (Roundtable). After the merger, RTB securityholders are expected to own rights to approximately 15,215,399 shares of Ryvyl common stock, or about 84.85% of fully diluted common equity, before conversion of about $36.96 million of RTB convertible notes. Existing Ryvyl equity holders would be reduced to roughly 15.15%. The transaction also cancels Ryvyl’s Series C preferred issued to RTB but adds substantial dilution through assumed options, warrants and convertible notes. Ryvyl has effected a 1‑for‑35 reverse stock split effective January 2, 2026 and increased authorized common shares from 100 million to 500 million, and warns of past and potential future Nasdaq listing deficiencies and penny‑stock risks if delisted.