Ryvyl (RVYL) AI Stock Analysis

• Market Cap: $9.03M
• Dividend Yield: N/A
• Average Volume (3M): 3.08M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.53
• Revenue Growth: -33.86%
• EPS Growth: 74.09%
• Country: US
• Employees: 95
• Sector: Technology
• Sector Strength: 92
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 31,342,010
• 10 Day Avg. Volume: 4,813,579
• 30 Day Avg. Volume: 3,080,246
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -0.29
• Enterprise Value/Revenue: -0.06
• Enterprise Value/Gross Profit: -0.14
• Enterprise Value/Ebitda: 0.20
• 1Y Price Target: $0.50
• Price Target Upside: 66.67% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: $0.50 ▲(66.67% Upside)

Ryvyl's overall stock score is low due to significant financial instability, negative technical trends, and poor valuation metrics. The company's ongoing regulatory challenges further exacerbate the risks, making it a high-risk investment.

Positive Factors

Global Expansion

RYVYL significantly expanded its global payments footprint, extending Visa Direct services to 16 countries and launching new services and systems.

Innovation in Onboarding

Ryvyl's automated, AI-driven onboarding process is viewed as significantly more efficient compared to traditional methods, enhancing customer acquisition.

Revenue Growth

RYVYL's overall transaction processing volume is expected to reach $4.5B in 2024 up 47% year over year, suggesting that revenue should improve next year.

Negative Factors

Growth Uncertainty

Despite the Euro-centric growth and management expectations, there is hesitation to fully believe in Ryvyl's capacity to deliver steady, consistent growth.

North American Market Challenges

A healthy $48.9M business in North America in 2023 is expected to fall 63% to $18.2M for FY24, indicating inconsistencies in the region.

Revenue Reporting Volatility

Analyst remains unsettled on projections due to revenue reporting volatility, such as divested or spin-off business and constant flux of regulatory requirements, especially in the U.S.

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 blockchain-based ledger. The company's products include QuickCard Payment System, a physical and virtual cash management system, including software that facilitates deposits, cash, and e-wallet management; point of sale solutions comprising software and hardware; and Loopz software solution, a mobile delivery service operations management solution with automated dispatch functionality. It serves customers in various industries, including foreign exchange, retail, and e-commerce sectors. The company was formerly known as ASAP Expo, Inc. GreenBox POS was incorporated in 2007 and is based in San Diego, California.

How the Company Makes Money

Ryvyl generates revenue through multiple streams, primarily from transaction fees associated with payment processing services. Each time a customer makes a payment through their platform, Ryvyl earns a percentage of the transaction value. Additionally, the company offers subscription-based services for its point-of-sale systems and other financial tools, providing a steady income from businesses that require ongoing support and updates. Key partnerships with banks and financial institutions enhance Ryvyl's service offerings and expand its reach, further contributing to its earnings. The company's ability to scale its solutions across different sectors also plays a vital role in its revenue growth.

Ryvyl Financial Statement Overview

Summary

Ryvyl is facing significant financial challenges with declining revenues and substantial net losses. The balance sheet shows negative equity, indicating solvency risks, while high leverage further exacerbates financial instability. Despite these issues, the company has positive operating cash flow, which provides some liquidity relief.

Income Statement

Ryvyl's income statement reveals a challenging financial situation. The TTM (Trailing-Twelve-Months) data shows a gross profit margin of 40.04%, which is decent, but the company is still suffering from negative EBIT and EBITDA margins, indicating operational inefficiencies. The drastic revenue decline from the previous year, with a negative revenue growth rate of -14.96%, further highlights the company's struggle to maintain its market position. The net profit margin is deeply negative at -47.91%, reflecting significant net losses.

Balance Sheet

The balance sheet indicates a precarious financial position for Ryvyl, with a negative stockholders' equity of -$1.49 million, suggesting potential solvency issues. The debt-to-equity ratio is not meaningful due to negative equity, but the company's total debt of $3.70 million against substantial liabilities points to a high leverage situation. The equity ratio is negative as well, which is a critical risk factor.

Cash Flow

The cash flow statement shows some positive aspects, with a robust operating cash flow of $21.19 million and a free cash flow of $21.14 million in the TTM period. However, the free cash flow growth rate is negative at -36.03%, which raises concerns about future liquidity. The operating cash flow to net income ratio is positive due to high operating cash flow despite net losses, which is a strength in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	45.24M	56.00M	65.87M	32.91M	26.30M	8.53M
Gross Profit	18.58M	22.43M	25.71M	16.12M	16.89M	3.70M
EBITDA	-12.93M	-20.30M	-33.78M	-5.02M	-29.39M	-3.48M
Net Income	-23.19M	-26.82M	-53.10M	-49.24M	-26.45M	-6.16M
Balance Sheet
Total Assets	20.60M	122.28M	128.66M	97.66M	132.67M	12.26M
Cash, Cash Equivalents and Short-Term Investments	210.00K	2.60M	12.18M	13.96M	89.56M	-120.11K
Total Debt	3.36M	21.07M	20.32M	63.11M	60.84M	1.40M
Total Liabilities	27.54M	123.77M	105.17M	99.58M	87.17M	11.88M
Stockholders Equity	-6.94M	-1.49M	23.49M	-1.92M	45.51M	385.24K
Cash Flow
Free Cash Flow	12.88M	21.14M	33.05M	-9.51M	-27.32M	-4.17M
Operating Cash Flow	15.35M	21.19M	33.16M	-9.34M	-27.17M	-4.16M
Investing Cash Flow	-77.43M	-1.81M	2.29M	-47.65M	-2.66M	-6.65K
Financing Cash Flow	1.95M	-241.00K	-3.01M	-10.05M	116.06M	5.24M

Ryvyl Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.3 is above the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.51, and below the 200-day MA of 0.98, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 40.56 is Neutral, neither overbought nor oversold. The STOCH value of 44.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RVYL.

Ryvyl Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	¥243.34B	15.37	6.64%	2.41%	9.16%	-0.18%
APCX	50 Neutral	$9.18M	―	-349.71%	―	30.52%	56.70%
DTSS	48 Neutral	$13.90M	―	-501.24%	―	141.65%	60.23%
HUBC	46 Neutral	$7.92M	―	163.42%	―	-30.70%	82.02%
RVYL	39 Underperform	$9.03M	―	-2201.06%	―	-33.86%	74.09%
CISO	―	$32.05M	―	-269.39%	―	―	―
FAAS	―	$17.90M	―		―	―	―

Ryvyl Corporate Events

Ryvyl Closes $6 Million Public Offering

On July 15, 2024, Ryvyl, Inc. entered into a Placement Agency Agreement with Maxim Group LLC for a public offering of 8,135,000 common units and 7,249,615 pre-funded units, closing on July 16, 2025. The offering, priced at $0.39 per common unit and $0.389 per pre-funded unit, raised approximately $6.0 million in gross proceeds, with net proceeds of $5.3 million intended for liability policy premiums and general corporate purposes. The company agreed to a 45-day issuance restriction and a 90-day lock-up for key stakeholders, impacting its operational liquidity and market positioning.

Ryvyl Faces Nasdaq Noncompliance Over Stock Price

On June 12, 2025, RYVYL Inc. received a notice from Nasdaq indicating noncompliance with the minimum bid price requirement, as its stock price fell below $1.00 for 30 consecutive days. The company has until December 9, 2025, to regain compliance, with the possibility of an additional grace period if necessary. Additionally, RYVYL Inc. is addressing previous noncompliance with Nasdaq’s equity requirements and has made board changes, with Brett Moyer replacing David Montoya as a director. The company is also enhancing its business plan and exploring acquisitions to strengthen its digital asset offerings, contingent on raising $100 million and shareholder approvals.

Ryvyl Granted Nasdaq Extension for Compliance Plan

On April 8, 2025, RYVYL Inc. received a notification from Nasdaq indicating non-compliance with the minimum stockholders’ equity requirement due to a reported negative equity of $1.5 million as of December 31, 2024. In response, RYVYL submitted a compliance plan, which Nasdaq accepted, granting an extension until October 6, 2025, to meet the listing requirement. The company is actively working to raise the necessary financing to regain compliance, but there is no assurance of success, which could result in delisting if conditions are not met.