Ryvyl (RVYL) AI Stock Analysis

• Market Cap: $7.32M
• Dividend Yield: N/A
• Average Volume (3M): 1.65M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.51
• Revenue Growth: -23.82%
• EPS Growth: 56.13%
• Country: US
• Employees: 95
• Sector: Technology
• Sector Strength: 95
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 24,092,396
• 10 Day Avg. Volume: 2,498,754
• 30 Day Avg. Volume: 1,652,852
• PEG Ratio: -0.03
• Price to Book (P/B): -0.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.43
• Enterprise Value/Market Cap: 3.48
• Enterprise Value/Revenue: 0.11
• Enterprise Value/Gross Profit: 1.15
• Enterprise Value/Ebitda: -0.21
• 1Y Price Target: $0.50
• Price Target Upside: 72.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: $0.50 ▲(72.41%Upside)

Ryvyl's overall stock score is driven down by significant financial challenges, bearish technical indicators, and critical corporate events that pose risks to its Nasdaq listing. While positive operating cash flow offers slight relief, the prevailing risks outweigh potential strengths.

Positive Factors

Efficient Processes

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

Global Expansion

Throughout 2024, RYVYL significantly expanded its global payments footprint, extending Visa Direct services to 16 countries and launching new services and systems.

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 America 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

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

Ryvyl (RVYL) is a fintech company specializing in providing payment processing solutions and financial technology services. The company operates primarily in the financial services sector, offering a suite of products that cater to businesses looking to streamline their payment processes, enhance security, and utilize innovative payment technologies. Ryvyl's core services include electronic payments, secure transaction solutions, and financial data analytics.

How the Company Makes Money

Ryvyl makes money through a diverse set of revenue streams centered around its payment processing and financial technology services. The company generates revenue by charging transaction fees for processing payments on behalf of its clients. These fees can vary based on the volume and nature of transactions processed. Additionally, Ryvyl offers subscription-based services and software solutions that provide enhanced security and analytics capabilities, contributing to its recurring revenue. Key partnerships with financial institutions and businesses also play a significant role in driving earnings, as they expand Ryvyl's reach and client base, facilitating more transactions and thus increasing revenue potential.

Ryvyl Financial Statement Overview

Summary

Ryvyl's financial performance reflects significant challenges. The income statement shows operational inefficiencies with a negative net profit margin of -47.91% and a revenue decline of -14.96%. The balance sheet is concerning, with negative stockholders' equity indicating potential solvency issues. However, the company's cash flow is a positive aspect, with robust operating cash flow providing some liquidity relief despite negative free cash flow growth.

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
EBITDA	-20.30M	-33.78M	-5.02M	-29.39M	-3.48M
Net Income	-26.82M	-53.10M	-49.24M	-26.45M	-6.16M
Balance Sheet
Total Assets	122.28M	128.66M	97.66M	132.67M	12.26M
Cash, Cash Equivalents and Short-Term Investments	2.60M	12.18M	13.96M	89.56M	-120.11K
Total Debt	21.07M	20.32M	63.11M	60.84M	1.40M
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: 0.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.29 is below the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.60, and below the 200-day MA of 1.10, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 32.32 is Neutral, neither overbought nor oversold. The STOCH value of 19.94 is Positive, 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 *	62 Neutral	£505.98M	23.45	-8.55%	2.79%	4.81%	-18.71%
HUBC	51 Neutral	$11.09M	―	163.42%	―	-30.70%	82.02%
APCX	51 Neutral	$9.15M	―	-220.48%	―	-25.38%	67.34%
DTSS	48 Neutral	$15.31M	―	-501.24%	―	141.65%	60.23%
RVYL	39 Underperform	$7.32M	―	-309.32%	―	-23.82%	56.13%

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.

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.