Inverite Insights (INVR) AI Stock Analysis

• Market Cap: C$14.66M
• Dividend Yield: N/A
• Average Volume (3M): 20.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 13
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): -0.02
• Shares Outstanding: 55,305,656
• 10 Day Avg. Volume: 11,050
• 30 Day Avg. Volume: 20,190
• PEG Ratio: >-0.01
• Price to Book (P/B): -4.25
• Price to Sales (P/S): 7.59
• P/FCF Ratio: -7.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.26 ▼(-28.33% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily constrained by weak financial performance—deepening losses, negative equity, and ongoing cash burn—despite some recent revenue improvement. Technical indicators are mostly neutral with slightly negative momentum, and valuation is difficult to support given the company is currently loss-making and provides no dividend yield.

Positive Factors

Revenue re-acceleration

A 29.8% revenue re-acceleration after flat prior periods signals renewed top-line traction. Durable revenue growth can enable operating leverage as scale improves, providing capacity to invest in product and go-to-market and supporting a sustained path toward breakeven if maintained.

Lower nominal debt

Material reduction in debt versus earlier periods lowers interest and refinancing pressure, improving near-term financial flexibility. Reduced debt burdens extend runway for strategic actions and reduce cash interest needs, which is a durable improvement to capital structure dynamics.

Improving cash flow trajectory

Narrowing free cash flow losses and positive FCF growth year-over-year indicate progress converting accounting losses into cash improvements. If sustained, this trend reduces reliance on external financing and validates operational fixes, a durable step toward self-funded growth.

Negative Factors

Negative shareholders' equity

Consistent negative equity is a structural capital shortfall that constrains financial flexibility. It limits access to traditional lending, increases the likelihood of dilutive or costly capital raises, and elevates solvency concerns, reducing strategic options over the medium term.

Deteriorating profitability

A swing to negative gross profit and a sharply worse net margin reflect weak unit economics and cost structure issues. Negative gross margins undermine the business model's ability to scale profitably and suggest that revenue growth alone may not translate into sustainable earnings without material cost or pricing changes.

Persistent cash burn

Negative operating and free cash flow across all reported years indicates ongoing cash consumption tied to core operations. This persistent burn necessitates external funding to sustain operations, constrains reinvestment capacity, and raises execution risk if cash-improvement trends stall.

Inverite Insights Business Overview & Revenue Model

Company Description

Inverite Insights Inc. provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your client/anti-money laundering purposes. The company was formerly known as Marble Financial Inc. and changed its name to Inverite Insights Inc. in January 2024. Inverite Insights Inc. was incorporated in 2015 and is headquartered in Vancouver, Canada.

How the Company Makes Money

null

Inverite Insights Financial Statement Overview

Summary

Despite a recent revenue re-acceleration, profitability deteriorated sharply with gross profit turning negative, net margins worsening materially, persistent cash burn, and a strained capital structure highlighted by consistently negative equity.

Income Statement

Revenue is essentially flat over the last two annual periods (~$1.24M) with a sharp re-acceleration in the most recent year (+29.8%), but profitability deteriorated meaningfully. Gross profit swung from strongly positive in 2024 to negative in 2025, and the company remains deeply loss-making with net margin worsening from about -65% (2024) to roughly -210% (2025). Operating results are consistently negative across the history provided, indicating the core business model has not yet reached scale or cost discipline.

Balance Sheet

The balance sheet is pressured by persistently negative stockholders’ equity across all periods, which is a major financial flexibility constraint. Debt has come down materially versus 2021–2022 levels, but leverage remains problematic because equity is negative, making traditional leverage signals unfavorable. Total assets have also trended down since 2021, and returns on equity appear positive only because equity is negative (not a sign of healthy profitability).

Cash Flow

Cash generation remains weak with operating cash flow and free cash flow negative in every year shown. While free cash flow losses narrowed versus 2024 (implied by positive free cash flow growth in 2025), the business is still consuming cash rather than funding itself internally. Cash flow is broadly tracking reported losses (free cash flow to net income ~1.0), suggesting limited non-cash support and continued need for external financing if losses persist.

Breakdown	TTM	Mar 2025	Dec 2023	Dec 2022	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.32M	1.24M	1.24M	1.09M	1.36M	1.25M
Gross Profit	797.10K	-356.00K	939.61K	148.03K	506.30K	438.17K
EBITDA	-1.89M	-2.38M	-257.63K	-5.13M	-4.82M	-3.30M
Net Income	-1.99M	-2.61M	-803.94K	-5.29M	-5.06M	-3.55M
Balance Sheet
Total Assets	2.60M	2.27M	2.61M	3.54M	6.03M	4.57M
Cash, Cash Equivalents and Short-Term Investments	412.25K	10.43K	56.60K	44.01K	1.11M	1.33M
Total Debt	1.09M	1.90M	1.55M	6.29M	6.60M	5.99M
Total Liabilities	2.70M	4.49M	3.88M	9.18M	9.00M	6.76M
Stockholders Equity	31.19K	-2.22M	-1.27M	-5.64M	-2.96M	-2.19M
Cash Flow
Free Cash Flow	-1.21M	-1.34M	-1.86M	-2.51M	-2.94M	-1.74M
Operating Cash Flow	-1.21M	-1.34M	-1.86M	-2.51M	-2.89M	-1.74M
Investing Cash Flow	0.00	0.00	25.00K	-130.94K	-1.49M	-4.13K
Financing Cash Flow	1.55M	1.29M	1.85M	1.58M	4.16M	2.31M

Inverite Insights Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RM	54 Neutral	C$247.99M	-19.93	-89.38%	―	―	51.07%
INVR	45 Neutral	C$14.66M	-4.38	310.88%	―	―	―
DEFI	45 Neutral	C$86.46M	44.16	-136.30%	―	972.76%	-192.94%
DMGI	44 Neutral	$46.43M	-5.39	-10.10%	―	39.64%	-70.96%
NDA	43 Neutral	C$101.34M	-6.21	-11.71%	―	-21.21%	-84.82%
VST	40 Underperform	C$46.92M	17.67	-55.24%	―	52.23%	-300.60%

Inverite Insights Corporate Events

Inverite Posts Record Early-2026 Growth as Demand for Risk Infrastructure Climbs

Inverite Insights reported a strong start to 2026, with January revenue rising 10.6% month over month and February revenue up a further 5.1%, supported by growing transaction volumes. The company’s proprietary AI analytics platform has seen record early-year usage as lenders and fintech partners deepen their reliance on its real-time financial intelligence and risk decisioning tools.

Transaction volumes climbed 9.6% month over month and 35.2% year over year in February, alongside a 17% year-over-year increase in January, underscoring accelerating platform adoption. Management positioned this momentum against Canada’s shift toward consumer-driven banking and heightened fraud pressures, arguing that demand for secure data-sharing infrastructure and robust risk signals is reinforcing Inverite’s role as a key enabler for financial institutions’ verification, underwriting, and fraud prevention strategies.

The most recent analyst rating on (TSE:INVR) stock is a Sell with a C$0.25 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite Backs Open Banking Expo Canada 2026 to Help Shape Data Portability Era

Inverite Insights will sponsor Open Banking Expo Canada 2026 in Toronto as an Event Partner, underscoring its role in the country’s emerging consumer-driven banking ecosystem. The company’s CEO, Karim Nanji, will join a high-profile debate on commercializing data portability as banks, fintechs, and platforms adapt to new open banking models.

The announcement highlights Inverite’s push to position its risk and verification infrastructure at the center of Canada’s shift from debating open banking to implementing it, as policy moves such as Bill C-15 advance data mobility and consumer-driven banking. By emphasizing trusted decisioning, explainability, real-time consent-based data access, and secure scaling from pilot to production, Inverite aims to shape how open banking is monetized and operationalized across regulated financial markets.

The most recent analyst rating on (TSE:INVR) stock is a Sell with a C$0.27 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite to Power Ownly’s Digital Income Checks for Homebuyers

Inverite Insights has signed an agreement with Canadian digital homebuying platform Ownly to power income verification and affordability assessments for prospective homebuyers using Ownly’s system. Ownly will integrate Inverite’s Instant Bank Verification technology to access real-time income, cash flow, and obligation data, aiming to streamline qualification, reduce manual documentation, and bolster fraud prevention for builders and buyers.

The deal underscores growing demand in the housing and real estate sector for automated financial verification and digital-first onboarding processes. By embedding Inverite’s analytics into its platform, Ownly expects to give builders greater confidence in buyer readiness while improving the speed and transparency of the homebuying journey for consumers, potentially strengthening Inverite’s position as a key infrastructure provider in Canada’s digital mortgage and real estate ecosystem.

The most recent analyst rating on (TSE:INVR) stock is a Sell with a C$0.26 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite Highlights Fraud-Focused Risk Tools at Automotive Finance Canada 2026

Inverite Insights announced it is attending the Canadian Lenders Association’s Automotive Finance Canada 2026 conference in Toronto, underscoring its focus on the auto finance sector as lenders confront rising fraud and demands for faster, digital approvals. Company executives plan to engage lenders, dealers, platforms, and policymakers on balancing omnichannel customer experiences and automated decisioning with robust identity and financial verification, arguing that earlier, higher-quality risk signals can accelerate legitimate approvals while tightening controls and protecting portfolio quality.

The most recent analyst rating on (TSE:INVR) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Pay2Day Returns to Inverite as Primary Bank Verification Partner After Year-Long Review

Inverite Insights has renewed its role as the primary bank verification provider for Canadian lender Pay2Day, which operates online and through 35 branches across four provinces, after Pay2Day spent a year evaluating alternative bank-data providers. The decision to revert to Inverite underscores the importance of operational reliability, data consistency and responsive support for scalable lending operations, and highlights a broader market trend in which lenders are prioritizing not only accurate financial data but also the speed and quality of problem resolution and implementation support.

The most recent analyst rating on (TSE:INVR) stock is a Hold with a C$0.30 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite Deepens CashCo Partnership With Expanded Verification Capabilities

Inverite Insights Inc. has renewed its agreement with CashCo Financial Inc., a Canadian lender, which will continue to use Inverite as its primary provider of bank verification and related verification workflows after reviewing alternative vendors during a broader platform transition. The renewed deal deepens the relationship between the two companies, with CashCo expanding its use of Inverite’s platform to include liveness checks for stronger identity verification, while continuing to leverage extended transaction-history data for income and cashflow assessment; the partners are also exploring additional workflow enhancements aimed at reducing manual effort and adapting to jurisdictions with more complex bank data access constraints, reinforcing Inverite’s position as a key infrastructure provider in Canada’s lending ecosystem.

The most recent analyst rating on (TSE:INVR) stock is a Sell with a C$0.25 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite Joins DIACC as Sustaining Member to Help Shape Canada’s Digital Trust Standards

Inverite Insights Inc. has joined the Digital ID & Authentication Council of Canada as a Tier-1 Sustaining Member, aligning itself with the national standards that underpin digital identity and trust in Canada. The move gives Inverite a direct role in DIACC’s expert committees and working groups that shape core elements of digital trust, such as identity verification, consent requirements and interoperability standards used by banks, governments and regulated enterprises, enhancing its influence over evolving digital identity frameworks. By integrating more closely with the Pan-Canadian Trust Framework and the Voilà Verified Trustmark ecosystem, Inverite aims to strengthen its positioning within Canada’s digital trust and open-banking landscape, improve its visibility among enterprise and public-sector partners, and support regulatory alignment for customers seeking standards-compliant identity and verification solutions.

The most recent analyst rating on (TSE:INVR) stock is a Sell with a C$0.26 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite Calls for Better Data Signals as Canadians Lose Faith in Credit System

Inverite Insights has responded to recent survey findings showing Canadians are increasingly losing confidence in the traditional credit system, arguing that the solution lies in richer, more accurate financial signals rather than simply relying on conventional credit scores. The company contends that current credit tools have not kept pace with modern financial behavior and sees an opportunity for lenders, fintechs and policymakers to use real-time, transparent data to better measure affordability, expand access to credit and rebuild trust, particularly as Canada advances discussions on open banking, data portability and broader financial modernization.

The most recent analyst rating on (TSE:INVR) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on Inverite Insights stock, see the TSE:INVR Stock Forecast page.

Inverite Hires Aktiencheck.de for European Investor Awareness Push

Inverite Insights has engaged Aktiencheck.de AG for a three-month European investor awareness campaign focused on German-speaking markets, in a bid to broaden its shareholder base and increase visibility among active and high-net-worth investors. The EUR 25,000 initiative will feature editorial coverage, email and social media distribution, and hosting on the aktiencheck.de platform, underscoring Inverite’s push to deepen investor understanding of its business model and market opportunity without issuing equity compensation or creating ownership ties with the service provider.