Ryvyl (RVYL) AI Stock Analysis

• Market Cap: $5.12M
• Dividend Yield: N/A
• Average Volume (3M): 126.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.64
• Revenue Growth: -23.82%
• EPS Growth: 56.13%
• Country: US
• Employees: 95
• Sector: Technology
• Sector Strength: 78
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 8,362,990
• 10 Day Avg. Volume: 328,287
• 30 Day Avg. Volume: 126,238
• PEG Ratio: >-0.01
• Price to Book (P/B): -4.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.33
• Enterprise Value/Market Cap: 4.95
• Enterprise Value/Revenue: 0.10
• Enterprise Value/Gross Profit: 1.41
• Enterprise Value/Ebitda: -0.19
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: $0.50 ▼( -18.03% Downside)

Ryvyl's overall stock score is primarily influenced by its substantial financial challenges, as reflected in poor financial performance and valuation scores. However, positive corporate events, including projected revenue growth and strategic financial improvements, provide some optimism for future recovery.

Positive Factors

Customer Acquisition

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

Global Expansion

RYVYL significantly expanded its global payments footprint, extending Visa Direct services to 16 countries from 5.

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 Consistency

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

Regional Performance

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 Volatility

A myriad of factors has contributed to Ryvyl's revenue reporting volatility, such as divested or spin-off business and the constant flux of regulatory requirements, especially in the U.S.

Ryvyl Business Overview & Revenue Model

Company Description

Ryvyl (RVYL) is a company operating in the financial technology sector, focusing on providing innovative payment solutions. The company offers a range of products and services designed to facilitate secure and efficient transactions, catering to both businesses and consumers. Their offerings include digital payment platforms, transaction processing services, and other related financial technology solutions.

How the Company Makes Money

Ryvyl makes money primarily through transaction fees charged on payments processed via its platforms. The company partners with merchants, financial institutions, and other businesses to integrate its payment solutions, earning a percentage of each transaction. Additionally, Ryvyl may generate revenue from subscription fees for access to its platform, as well as from other value-added services such as data analytics and fraud detection. Strategic partnerships with key industry players enable Ryvyl to expand its market reach and enhance its service offerings, contributing to its overall revenue growth.

Ryvyl Financial Statement Overview

Summary

Ryvyl faces substantial financial challenges with declining revenues and net losses impacting profitability. Despite a decent gross profit margin, the negative EBIT and EBITDA margins indicate operational inefficiencies. The balance sheet presents a high leverage situation with negative equity, posing significant solvency risks. However, the positive operating cash flow 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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
56.00M	65.87M	32.91M	26.30M	8.53M
	Gross Profit
22.43M	25.71M	16.12M	16.89M	3.70M
	EBIT
-20.89M	-12.30M	-37.84M	-20.78M	-5.10M
	EBITDA
-20.30M	-33.78M	-5.02M	-29.39M	-3.48M
	Net Income Common Stockholders
-26.82M	-53.10M	-49.24M	-26.45M	-6.16M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.60M	12.18M	13.96M	89.56M	-120.11K
	Total Assets
122.28M	128.66M	97.66M	132.67M	12.26M
	Total Debt
21.07M	20.32M	63.11M	60.84M	1.40M
	Net Debt
18.47M	8.14M	49.15M	-28.72M	1.52M
	Total Liabilities
123.77M	105.17M	99.58M	87.17M	11.88M
	Stockholders Equity
-1.49M	23.49M	-1.92M	45.51M	385.24K
Cash Flow		Free Cash Flow
21.14M	33.05M	-9.51M	-27.32M	-4.17M
	Operating Cash Flow
21.19M	33.16M	-9.34M	-27.17M	-4.16M
	Investing Cash Flow
-1.81M	2.29M	-47.65M	-2.66M	-6.65K
	Financing Cash Flow
-241.00K	-3.01M	-10.05M	116.06M	5.24M

Ryvyl Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.61
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 0.61 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.92, and below the 200-day MA of 1.24, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 30.90 is Neutral, neither overbought nor oversold. The STOCH value of 20.25 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 *	61 Neutral	$11.28B	10.16	-6.88%	2.97%	7.41%	-8.93%
RVYL	49 Neutral	$5.12M	―	-309.32%	―	-23.82%	56.13%
DTSS	49 Neutral	$16.92M	―	-501.24%	―	141.65%	-28.86%
APCX	44 Neutral	$8.95M	―	-220.48%	―	-25.38%	67.34%
HUBC	38 Underperform	$7.01M	―	163.42%	―	-30.70%	27.15%

Ryvyl Corporate Events

Ryvyl Extends Discussions on Subsidiary Sale Agreement

Ryvyl Inc. has entered into a stock purchase agreement with a purchaser for the sale of its indirect subsidiary, Ryvyl (EU) EAD, based in Bulgaria, for $15 million. However, the company has not exercised its rights to terminate the agreement or extend the standstill period, leading to the expiration of its right to terminate the SPA. Despite this, the purchaser has decided not to finalize the purchase immediately, allowing for further discussions until May 16, 2025.

Ryvyl Grants RSAs to Executives and Employees

On March 14, 2025, Ryvyl Inc.’s Compensation Committee approved a salary increase for CFO George Oliva to $375,000, retroactive to January 1, 2025. Additionally, the company granted restricted stock unit awards to key executives and employees, including 380,000 RSAs each for Executive Vice President Ben Errez and CEO Fredi Nisan, and 272,000 RSAs for CFO George Oliva, under its 2023 Amended and Restated Equity Incentive Plan. These RSAs, granted on April 8, 2025, will vest between May 15, 2025, and February 18, 2028.

Ryvyl Projects Strong Revenue Growth for 2025

Ryvyl Inc. announced its preliminary 2024 revenue of $56 million and projected 2025 revenue between $80 million and $90 million, reflecting over 50% growth. The company plans to enhance gross margins to the mid-40s percent and achieve positive EBITDA and cash flow in the latter half of 2025. Ryvyl aims to terminate an asset sale agreement for its RYVYL EU subsidiary by raising $16.5 million through potential fundraising options, including equity financing. The company recently improved its balance sheet by retiring its Series B Convertible Preferred Stock and reducing its Senior Secured Note, which increased shareholder equity by over $50 million.