Ryvyl (RVYL) AI Stock Analysis

• Market Cap: $8.63M
• Dividend Yield: N/A
• Average Volume (3M): 4.99M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.43
• Revenue Growth: -33.86%
• EPS Growth: 74.09%
• Country: US
• Employees: 95
• Sector: Technology
• Sector Strength: 81
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 31,342,010
• 10 Day Avg. Volume: 839,711
• 30 Day Avg. Volume: 4,993,700
• 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: -0.31
• 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: 0

• 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

Customer Acquisition

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

Revenue Growth

Europe drives momentum as U.S. steadies, with RYVYL EU's contribution significantly boosting revenues and processing volumes.

Service Expansion

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

Negative Factors

Analyst Confidence

Analyst is not yet prepared to buy into Ryvyl's capacity to deliver steady, consistent growth despite high management expectations.

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.

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 below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.40, and below the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.51 is Neutral, neither overbought nor oversold. The STOCH value of 30.68 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	$35.56B	9.00	-10.49%	1.86%	8.45%	-8.32%
DTSS	48 Neutral	$15.58M	―	-501.24%	―	141.65%	60.23%
APCX	46 Neutral	$7.65M	―	-349.71%	―	30.52%	56.70%
HUBC	46 Neutral	$6.03M	―	163.42%	―	-30.70%	82.02%
RVYL	39 Underperform	$8.63M	―	-2201.06%	―	-33.86%	74.09%
CISO	―	$34.74M	―	-269.39%	―	―	―
FAAS	―	$13.17M	―		―	―	―

Ryvyl Corporate Events

Ryvyl Appoints New Board Members Amid Strategic Shift

On August 31, 2025, independent directors Genevieve Baer and Ezra Laniado resigned from RYVYL Inc.’s Board of Directors for personal reasons, with no disagreements with the company. They transitioned to advisory roles, focusing on strategic investor partnerships and corporate development. Subsequently, on September 1, 2025, RYVYL appointed CFO George Oliva and Gene Jones to the Board. Oliva brings over 30 years of finance experience, while Jones, with a background in financial leadership, aims to support RYVYL’s strategic pivot towards a crypto treasury business model.

Ryvyl Announces Virtual 2025 Annual Shareholders Meeting

Ryvyl Inc. announced that it will hold its 2025 Annual Meeting of Shareholders virtually on October 23, 2025, with a record date set for September 10, 2025, allowing shareholders to vote at the meeting. The company has also set a deadline of September 12, 2025, for the submission of shareholder proposals and director nominations to be included in the proxy materials, emphasizing compliance with Rule 14a-8 and universal proxy rules.

Ryvyl Chairman Ben Errez Announces Retirement

Ben Errez, the Chairman and Co-founder of RYVYL Inc., announced his retirement from the Board of Directors effective August 31, 2025, marking the end of his tenure. His departure coincides with RYVYL’s strategic shift towards crypto treasury management, as the company plans to accumulate digital assets to enhance financial resilience and strategic flexibility.

Ryvyl EVP Ben Errez Announces Retirement

Ryvyl Inc. announced the retirement of its Executive Vice President, Ben Errez, effective August 31, 2025. In connection with his retirement, Errez will receive a severance package and will transition to an advisory role, focusing on strategic investor partnerships and corporate development until February 2026. This move coincides with Ryvyl’s strategic shift towards crypto treasury management, aiming to integrate digital assets as a reserve asset to enhance financial resilience and flexibility. The company plans to accumulate crypto to support long-term growth and innovation in its financial operations.

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.