Ryvyl (RVYL)
NASDAQ:RVYL
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Ryvyl
(NASDAQ:RVYL)
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Rating:43Neutral
Price Target:
$7.00
▲(42.28% Upside)
Action:ReiteratedDate:01/24/26
The score is primarily weighed down by weak financial performance (declining revenue, large losses, negative equity, and negative cash flows). Technicals also remain bearish with the stock below key moving averages and negative MACD. Corporate events add some offset from regained Nasdaq compliance and merger progress, but are tempered by the share-based class action settlement.
Positive Factors
Nasdaq listing compliance preserved
Maintaining Nasdaq listing removes delisting risk and preserves access to U.S. capital markets and institutional investors. This structural stability supports future financing, M&A execution and liquidity needs over months, critical while the company pursues a strategic merger.
Negative Factors
Declining revenue and large operating losses
Sustained top-line decline and deep net losses indicate structural weakness in product-market fit or pricing. Persistent negative margins erode cash runway, constrain reinvestment in product and sales, and force reliance on external financing, raising execution risk over several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Nasdaq listing compliance preserved
Maintaining Nasdaq listing removes delisting risk and preserves access to U.S. capital markets and institutional investors. This structural stability supports future financing, M&A execution and liquidity needs over months, critical while the company pursues a strategic merger.
Read all positive factors
Ryvyl (RVYL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.43M
Dividend YieldN/A
Average Volume (3M)5.47M
Price to Earnings (P/E)―
Beta (1Y)2.36
Revenue Growth-44.25%
EPS Growth82.71%
CountryUS
Employees95
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-2.39
Shares Outstanding1,266,631
10 Day Avg. Volume1,418,276
30 Day Avg. Volume5,474,171
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-5.83
Price to Sales (P/S)0.16
P/FCF Ratio0.41
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue0.14
Enterprise Value/Gross Profit0.33
Enterprise Value/Ebitda-0.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.1
Revenue Forecast (FY)$95.00M
Ryvyl Business Overview & Revenue Model
Company Description
GreenBox POS, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions. Its blockchain-based systems facilitate, record, and store a volume of tokenized assets, representing cash or data, on a blo...
How the Company Makes Money
Ryvyl generates revenue primarily through transaction fees charged to merchants for payment processing services. Each time a transaction is processed through its platform, Ryvyl collects a percentage of the transaction value as a fee. In addition ...
Ryvyl Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Apr 01, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While there were significant international growth and strategic partnerships, challenges such as revenue decline and financial restructuring indicate underlying issues. The sentiment is balanced by strong prospects for future growth.Positive Updates
International Revenue Growth
International revenue grew 96% year-over-year in Q3 2024, with notable achievements in Europe despite some delays in software integrations.
Negative Updates
Revenue Decline
Revenue for Q3 2024 was $12.6 million, down from $17.5 million in Q3 2023, impacted by slow growth in the EU.
Read all updates
Q3-2024 Updates
Positive
Negative
International Revenue Growth
International revenue grew 96% year-over-year in Q3 2024, with notable achievements in Europe despite some delays in software integrations.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for RYVYL Inc., the company provided optimistic guidance for future performance metrics. They experienced a significant increase in international revenue, which surged by 96% year-over-year, despite some delays in European software integrations. The international transaction volumes rose from $781 million in Q2 2024 to $952 million in Q3 2024. RYVYL aims to achieve processing volumes exceeding $4 billion for the year 2024. However, they adjusted their revenue guidance to a range of $56 million to $60 million due to third-quarter impacts and anticipate substantial revenue growth in 2025. The company is also focusing on expanding its Visa Direct integration, which now reaches 13 countries, and expects to see initial licensing revenue from a new private label partnership starting in December 2024. Overall, RYVYL forecasts continued momentum into 2025, with a strategic emphasis on high-margin market segments and leveraging advanced technologies like blockchain and AI for operational enhancements.Ryvyl Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.42M | 56.00M | 65.87M | 32.91M | 26.30M | 8.53M |
| Gross Profit | 15.12M | 22.43M | 25.71M | 16.12M | 16.23M | 3.70M |
| EBITDA | -11.45M | -20.30M | -33.78M | -6.13M | -29.43M | -3.48M |
| Net Income | -19.97M | -26.82M | -53.10M | -49.24M | -35.27M | -5.01M |
Balance Sheet | ||||||
| Total Assets | 23.41M | 122.28M | 128.66M | 97.66M | 114.05M | 12.26M |
| Cash, Cash Equivalents and Short-Term Investments | 1.16M | 2.60M | 12.18M | 13.96M | 89.05M | 0.00 |
| Total Debt | 2.63M | 21.07M | 20.32M | 63.39M | 79.57M | 1.40M |
| Total Liabilities | 26.64M | 123.77M | 105.17M | 99.58M | 84.58M | 11.88M |
| Stockholders Equity | -3.22M | -1.49M | 23.49M | -1.92M | 29.47M | 385.24K |
Cash Flow | ||||||
| Free Cash Flow | -6.02M | 21.14M | 33.05M | -9.51M | -27.32M | -4.17M |
| Operating Cash Flow | -4.13M | 21.19M | 33.16M | -9.34M | -27.17M | -4.16M |
| Investing Cash Flow | -76.93M | -1.81M | 2.29M | -47.65M | -2.66M | -6.65K |
| Financing Cash Flow | 7.32M | -241.00K | -3.01M | -10.05M | 116.06M | 5.24M |
Ryvyl Technical Analysis
Negative
4.92
Price Trends
5.76
Negative
7.47
Negative
10.97
Negative
Market Momentum
-0.15
Positive
41.70
Neutral
34.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RVYL, the sentiment is Negative. The current price of 4.92 is below the 20-day moving average (MA) of 5.50, below the 50-day MA of 5.76, and below the 200-day MA of 10.97, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 41.70 is Neutral, neither overbought nor oversold. The STOCH value of 34.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RVYL.
Ryvyl Risk Analysis
Ryvyl disclosed 23 risk factors in its most recent earnings report. Ryvyl reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ryvyl Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $10.41M | -29.08 | -25.73% | ― | 0.16% | -36.86% | |
43 Neutral | $6.43M | -1.08 | 542.13% | ― | -44.25% | 82.71% | |
43 Neutral | $5.54M | -0.08 | -164.51% | ― | 16.50% | ― | |
42 Neutral | $10.03M | -2.78 | -88.69% | ― | 68.56% | 89.48% | |
41 Neutral | $286.51K | -0.52 | ― | ― | -30.70% | 82.02% | |
40 Underperform | $13.30M | -0.31 | -46.76% | ― | -15.10% | -177.14% |
* Technology Sector Average
RVYL
Ryvyl
5.08
-29.57
-85.34%
BLIN
Bridgeline Digital
0.83
-0.65
-44.19%
TAOP
Taoping
1.44
-6.05
-80.77%
CETX
Cemtrex
0.55
-21.50
-97.51%
DTSS
Datasea
0.96
-1.21
-55.89%
HUBC
Hub
0.13
-42.92
-99.70%
Ryvyl Corporate Events
Delistings and Listing ChangesM&A TransactionsRegulatory Filings and Compliance
Ryvyl Files Form S-4 Advancing RTB Digital Merger
Positive
Jan 20, 2026
On January 16, 2026, RYVYL regained compliance with Nasdaq’s minimum bid price rule after its shares maintained a closing bid of at least $1.00 for ten consecutive trading days from January 2 to January 15, 2026, leading Nasdaq to cancel a p...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Ryvyl Files S-4 for Roundtable Web3 Media Acquisition
Positive
Jan 15, 2026
On January 15, 2026, RYVYL announced that it had publicly filed a registration statement on Form S-4 and a related proxy statement/prospectus with the U.S. Securities and Exchange Commission in connection with its proposed acquisition of Web3 medi...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Ryvyl’s Merger Partner Secures $10 Million Convertible Financing
Positive
Jan 9, 2026
On January 5, 2026, RTB Digital, Inc., the anticipated merger partner of RYVYL Inc., executed a binding term sheet with UTXO Management, an affiliate of 210k Capital, for a $10 million secured convertible note investment that mirrors RTB’s p...
Financial DisclosuresLegal ProceedingsPrivate Placements and Financing
Ryvyl Issues Shares to Settle Securities Class Action
Negative
Jan 9, 2026
On January 2, 2026, Ryvyl Inc. issued 122,164 shares of its common stock to settle a securities class action filed in February 2023 in the U.S. District Court for the Southern District of California, which alleged that the company and certain exec...
Delistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
Ryvyl Announces Major Reverse Stock Split and Share Changes
Neutral
Dec 30, 2025
At its December 15, 2025 annual meeting, RYVYL’s shareholders approved increasing the company’s authorized common shares from 100 million to 500 million and authorized a reverse stock split at a ratio set by the board, after which the ...
Delistings and Listing ChangesRegulatory Filings and ComplianceShareholder MeetingsStock Split
Ryvyl Implements Measures to Address Nasdaq Compliance
Neutral
Dec 17, 2025
RYVYL Inc. announced the approval of key proposals during its 2025 Annual Meeting on December 15, 2025, including a reverse stock split and an increase in authorized shares, aimed at addressing Nasdaq listing compliance issues. Following Nasdaq...
Business Operations and StrategyPrivate Placements and Financing
Ryvyl Amends Securities Purchase Agreement with RTB Digital
Positive
Dec 12, 2025
Ryvyl Inc., a Nevada corporation, announced an amendment to its Securities Purchase Agreement with RTB Digital, Inc., initially disclosed in October 2025. The amendment, dated December 9, 2025, increases the purchase price for 50,000 shares of Ser...
Legal Proceedings
Ryvyl’s Settlement Receives Preliminary Court Approval
Neutral
Nov 21, 2025
On November 14, 2025, the United States District Court for the Southern District of California granted preliminary approval for a proposed settlement involving Ryvyl Inc. This settlement, executed on September 30, 2025, addresses consolidated shar...
Executive/Board ChangesM&A Transactions
Ryvyl Announces CFO for Planned Merger
Positive
Nov 6, 2025
On November 6, 2025, RYVYL Inc. announced that Aly Madhavji will guide the company and RTB Digital, Inc. through their planned merger and will serve as the Chief Financial Officer of the merged entity. This strategic move aims to leverage Madhavji...
Executive/Board Changes
Ryvyl CEO Fredi Nisan Resigns, George Oliva Steps In
Neutral
Oct 31, 2025
On October 28, 2025, Fredi Nisan announced his resignation as a director and his retirement as CEO of RYVYL Inc., effective October 30 and October 31, 2025, respectively. The board has appointed George Oliva, the current CFO with extensive experie...
M&A TransactionsShareholder Meetings
Ryvyl Reschedules Annual Meeting Post-Merger Announcement
Neutral
Oct 30, 2025
On October 29, 2025, RYVYL Inc. announced the rescheduling of its 2025 Annual Meeting of Stockholders from October 30 to December 15, 2025, to accommodate new shareholders following a merger agreement with RTB Digital, Inc. (Roundtable). This merg...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.