Rivalry Corp (TSE:RVLY)
:RVLY
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Rivalry Corp
(RVLY)
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Rating:50Neutral
Price Target:
C$0.05
▼(-16.67% Downside)
Action:ReiteratedDate:01/10/26
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
Top-line Growth
TTM revenue growth of 43.12% indicates sustained demand and platform adoption. Durable top-line expansion supports scaling fixed-cost platform economics, funds product investment, and increases addressable-market penetration if conversion and retention remain consistent.
Negative Factors
Persistent Losses
Ongoing negative net profit, EBIT and EBITDA margins show the business remains loss-making. Sustained unprofitability erodes capital, increases financing needs, and risks dilution or cost-cutting that could impair growth and long-term viability absent a clear path to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line Growth
TTM revenue growth of 43.12% indicates sustained demand and platform adoption. Durable top-line expansion supports scaling fixed-cost platform economics, funds product investment, and increases addressable-market penetration if conversion and retention remain consistent.
Read all positive factors
Rivalry Corp (RVLY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$447.46K
Dividend YieldN/A
Average Volume (3M)29.29K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth-30.08%
EPS Growth49.03%
CountryCA
Employees53
SectorServices
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.03
Shares Outstanding87,268,940
10 Day Avg. Volume25,433
30 Day Avg. Volume29,285
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-0.84
Price to Sales (P/S)1.04
P/FCF Ratio-1.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$116.00M
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...
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 'juic...
Rivalry Corp Earnings Call Summary
Earnings Call Date:Nov 29, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant improvements in product offerings and operational efficiency, with record increases in net revenue per user and successful cost reductions. However, these achievements were tempered by a decrease in betting handle and a slight increase in net loss. The positive developments in the crypto segment and successful capital raise indicate a strong foundation for future growth.Positive Updates
Record Increase in Net Revenue Per User
Average net revenue per user hit all-time records, increasing by 51% compared to the 2024 year-to-date average and by 70% compared to the trailing 3-year average.
Negative Updates
Decrease in Betting Handle
Betting handle was $79.9 million in the third quarter, representing a 9% sequential decrease from quarter 2 of 2024, primarily due to a reduction in marketing expenses.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Increase in Net Revenue Per User
Average net revenue per user hit all-time records, increasing by 51% compared to the 2024 year-to-date average and by 70% compared to the trailing 3-year average.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Rivalry Corp (RVLY.V), significant guidance was provided on the company's strategic realignment and financial performance. The executives highlighted a dramatic reduction in operating expenses by approximately 50% and a substantial organizational overhaul, including a 50% reduction in headcount. The company completed a major product overhaul within 90 days, featuring a revamped registration flow, sportsbook, and a new crypto-first cashier, which contributed to a 51% increase in average net revenue per user compared to the 2024 year-to-date average. Additionally, Rivalry's native crypto token, NUTZ, generated $3 million in deferred revenue during Q3. The company also reported a 9% sequential decrease in betting handle to $79.9 million and adjusted revenue of $6 million, including the deferred revenue from NUTZ. These efforts align with Rivalry's aim to capture crypto gambling market share and achieve near-term profitability.Rivalry Corp Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
20
Very Negative
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 | 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
Negative
0.06
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
24.34
Positive
66.67
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 0.02, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 24.34 is Positive, neither overbought nor oversold. The STOCH value of 66.67 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
UnderperformOutperform
Sector (55)
TSE:RVLY
Rivalry Corp
0.01
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-83.33%
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2.61
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49.48%
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0.01
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Rivalry Corp Corporate Events
Business Operations and StrategyFinancial Disclosures
Rivalry Corp. Achieves Record Growth in Ontario Market
Positive
Dec 17, 2025
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 under...
Business Operations and StrategyFinancial Disclosures
Rivalry Corp Reports Strong Q3 2025 Results with Sustained Revenue Growth
Positive
Dec 1, 2025
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, posit...
Business Operations and StrategyPrivate Placements and Financing
Rivalry Corp. Extends Private Placement Closing Date to Bolster Growth
Positive
Nov 14, 2025
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 corpora...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.