Rivalry Corp (RVLY) AI Stock Analysis

• Market Cap: C$4.47M
• Dividend Yield: N/A
• Average Volume (3M): 29.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: -30.08%
• EPS Growth: 49.03%
• Country: CA
• Employees: 53
• Sector: Services
• Sector Strength: N/A
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.03
• Shares Outstanding: 87,268,940
• 10 Day Avg. Volume: 25,433
• 30 Day Avg. Volume: 29,285
• PEG Ratio: 0.05
• Price to Book (P/B): -0.84
• Price to Sales (P/S): 1.04
• P/FCF Ratio: -1.16
• 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: 50 Neutral
• Price Target: C$0.05 ▼(-16.67% Downside)

The score is primarily held back by weak financial health (loss-making operations, negative operating cash flow, and negative equity/solvency concerns). Technical indicators are comparatively supportive, but valuation remains challenged due to ongoing losses and no dividend yield.

Positive Factors

Strong TTM revenue growth

Sustained TTM revenue growth of ~43% indicates the platform is scaling user engagement and monetization. Over 2-6 months this supports investment in product, marketing, and acquisition, improving chances to leverage fixed costs and move toward operating leverage if growth continues.

High gross profit margin

A high gross margin implies favorable unit economics on wagers and casino products; this creates a durable cushion to cover operating expenses as volume grows. If management controls fixed and marketing costs, strong gross margins support a viable path to sustained profitability.

Product positioning and partnerships

Focus on gamification, social features and esports partnerships targets a growing, sticky demographic. Structural advantages include higher engagement, network effects and partnerships with esports orgs/developers that can lower user-acquisition costs and strengthen long-term retention.

Negative Factors

Persistent unprofitable operations

Ongoing negative profitability across net, EBIT and EBITDA implies the business still burns cash to grow. Over months this raises the bar for achieving self-sustainability, increases financing needs, and may force trade-offs between growth investment and margin recovery.

Negative operating cash flow

Negative operating cash flow signals the core business does not yet generate sufficient cash, creating reliance on external funding. Persisting for multiple quarters limits reinvestment, increases dilution or leverage risk, and constrains the company's ability to weather downturns.

Weak balance sheet and negative equity

Negative equity and high leverage are structural solvency risks that reduce financial flexibility. Over the medium term this can raise funding costs, limit strategic options like M&A or marketing spend, and increase vulnerability to adverse regulatory or market shifts.

Rivalry Corp Business Overview & Revenue Model

Company Description

Rivalry Corp., through its subsidiary, Rivalry Limited, operates as a sport betting and sports media property that offers regulated online wagering on esports, traditional sports, and casino for bettors. It also offers Quest, an on-site engagement experience solution; and Rushlane, a casino game. The company was incorporated in 2016 and is headquartered in Toronto, Canada.

How the Company Makes Money

Rivalry Corp generates revenue primarily through its online betting operations, where users place wagers on esports and traditional sports events. The company earns money by taking a percentage of the total bets placed, known as the 'vig' or 'juice.' Additionally, Rivalry offers casino games, which also contribute to its revenue through a similar model of taking a portion of the wagers. The company has established partnerships with various esports organizations and gaming developers to enhance its platform offerings and attract a larger user base. Furthermore, Rivalry may also generate revenue through promotional partnerships and sponsorships within the esports ecosystem, providing additional income streams outside of direct betting operations.

Rivalry Corp Financial Statement Overview

Summary

Strong TTM revenue growth (43.12%) is a positive, but persistent losses (negative net profit/EBIT/EBITDA margins), negative operating cash flow, and a weak balance sheet with negative equity and solvency concerns materially reduce the financial strength.

Income Statement

Rivalry Corp shows a significant revenue growth rate of 43.12% in the TTM, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative net profit, EBIT, and EBITDA margins. The gross profit margin remains high, but the persistent negative margins highlight ongoing operational challenges.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity and a high debt-to-equity ratio. The return on equity is positive, but this is due to negative equity, which is not sustainable. The equity ratio is also negative, indicating potential solvency issues.

Cash Flow

Cash flow analysis shows a slight improvement in free cash flow growth, but operating cash flow remains negative. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow is somewhat aligned with reported losses. However, the negative operating cash flow to net income ratio indicates cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.48M	13.55M	16.24M	9.81M	11.08M	1.55M
Gross Profit	6.23M	13.55M	16.24M	9.81M	2.19M	690.31K
EBITDA	-11.02M	-20.02M	-24.31M	-30.90M	-24.08M	-6.59M
Net Income	-13.09M	-22.41M	-23.80M	-31.12M	-24.30M	-6.90M
Balance Sheet
Total Assets	2.00M	4.09M	15.08M	18.06M	40.46M	7.62M
Cash, Cash Equivalents and Short-Term Investments	1.25M	1.57M	10.54M	12.19M	35.45M	620.16K
Total Debt	21.13M	12.22M	10.23M	484.99K	139.20K	320.64K
Total Liabilities	28.66M	20.88M	13.15M	3.36M	1.47M	814.62K
Stockholders Equity	-26.66M	-16.79M	-1.11M	14.70M	38.98M	6.81M
Cash Flow
Free Cash Flow	-6.40M	-12.18M	-21.55M	-21.39M	-10.93M	-12.06M
Operating Cash Flow	-6.35M	-12.04M	-21.48M	-21.28M	-10.87M	-12.03M
Investing Cash Flow	589.62K	-3.01K	-105.13K	-606.22K	-58.76K	-25.96K
Financing Cash Flow	4.33M	3.20M	20.64M	-124.39K	45.30M	9.31M

Rivalry Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RVLY, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.20 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RVLY.

Rivalry Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GH	68 Neutral	C$244.44M	11.84	18.14%	5.06%	1.01%	6.68%
BRAG	58 Neutral	C$75.84M	-6.51	-10.97%	―	12.57%	-40.95%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
RVLY	50 Neutral	C$4.47M	-0.25	―	―	-30.08%	49.03%

Rivalry Corp Corporate Events

Rivalry Corp. Achieves Record Growth in Ontario Market

Rivalry Corp. has reported record-breaking growth in its key Ontario market in the fourth quarter of 2025, driven by a surge in active players, deposits, and wagers after a recent capital restructuring and marketing ramp-up. This performance underscores Rivalry’s robust operational model and highlights Ontario’s increasing significance as a revenue driver, solidifying the company’s market foothold heading into 2026.

The most recent analyst rating on (TSE:RVLY) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Rivalry Corp stock, see the TSE:RVLY Stock Forecast page.

Rivalry Corp Reports Strong Q3 2025 Results with Sustained Revenue Growth

Rivalry Corp reported its Q3 2025 financial results, highlighting a third consecutive quarter of revenue growth and significant reductions in operating expenses and net loss. The company has completed a debt restructure and recapitalization, positioning itself for a stronger entry into 2026. Key achievements include a 19% sequential increase in net revenue, a 58% reduction in operating expenses, and a 67% improvement in net loss year-over-year. The Ontario market has shown substantial growth, contributing nearly 40% of the company’s net revenue. Rivalry’s strategic focus on high-value users and product enhancements has led to record player economics and improved key performance indicators, underscoring its strengthened market position and operational efficiency.

Rivalry Corp. Extends Private Placement Closing Date to Bolster Growth

Rivalry Corp. has announced an extension of the closing date for its non-brokered private placement by 30 days, with the final tranche expected to be completed by December 15, 2025. The proceeds from this private placement are intended for corporate development and general working capital, reflecting the company’s strategic focus on growth and operational stability. This move is significant for Rivalry’s stakeholders as it underscores the company’s commitment to enhancing its market position and financial health in the competitive esports and online gambling industry.