RYVYL INC (NASDAQ: RVYL)

Introduction to the Company

RYVYL INC (ticker: RVYL) is a San Diego–based technology firm that provides blockchain-secured payment and point-of-sale solutions for consumers and businesses. As of June 2, 2025, RVYL shares closed at $1.3400, representing a +131.63% change on a volume of 27,916,953 shares traded on the NASDAQ.

Corporate Structure

• Industry: Software Development
• Employees: 51–200 (per LinkedIn)
• Headquarters: San Diego, California
• Founders & Executives:
  • Ben Errez – Chairman; former Microsoft Software Development Lead
  • Fredi Nisan – Chief Executive Officer; ex-Founder of Brava POS and QuickCitizen
• Board Members: Genevieve Baer, Ezra Laniado, David Montoya

Recent Developments and News

Regulatory Filings

• May 15, 2025 (NT 10-Q)
  RYVYL notified the SEC of its inability to timely file Form 10-Q for the quarter ended March 31, 2025, citing additional time required to accurately compile transaction data.
• May 20, 2025 (10-Q)
  Quarterly report submitted covering results to March 31, 2025.
• May 27, 2025 (8-K)
  Disclosures were made under Items 3.01 (change in certifying accountant), 7.01 (Regulation FD), and 9.01 (financial statements and exhibits).

Analyst Coverage

• September 23, 2024
  Taglich Brothers initiated coverage of RVYL, focusing on its blockchain payment platform and identifying it as a microcap stock with a market cap under $250 million.

Technology Milestones (LinkedIn)

• Blockchain Fabric Performance
  • Achieved a throughput exceeding 3,400 transactions per second
  • Handled 9 million requests within one hour with latency consistently under 200 milliseconds
  • Managed database expansion without performance degradation
• Compliance
  • Achieved SOC 2 Type II compliance for the third consecutive year, as verified by Prescient Assurance.

Financial and Strategic Analysis

Metric	Value
Market Cap (intraday)	$11.21 M
52-Week Range	$0.52 – $2.40
Beta (5Y Monthly)	4.03
Price/Sales (ttm)	0.08
Revenue (ttm)	$54.36 M
Net Income (ttm)	– $26.89 M
EPS (ttm)	– 3.89
Profit Margin	– 49.47%
Total Cash (mrq)	$2.98 M
Enterprise Value/Revenue	0.46

• Cash & Liquidity: The company reported $2.98 million in cash with no significant debt noted.
• Profitability: The reported negative net income and EPS indicate ongoing investments in technology and operational expansion.
• Strategic Initiatives:
  • The white-label API platform supports merchant onboarding, KYC/KYB, and transaction tracking.
  • Plans for the spin-off of the “coyni” stablecoin (CYN), aimed at facilitating digital-dollar accounts and cross-border payments.
  • The Board has approved a share repurchase program, as reported by the InvestorBrandNetwork.

Market Position and Industry Context

• Global Digital Payments:
  • The transaction value of digital payments reached $5.44 trillion in 2020, with projections to reach $11.29 trillion by 2026 (representing a compound annual growth rate of 11.21%).
  • The growth is attributed to increased smartphone penetration, mobile wallet usage, and advancements in e-commerce.
• Competitive Edge:
  • The use of blockchain technology enhances security, data privacy, and transaction settlement speed.
  • The scalable platform is designed for high-volume merchants, allowing for real-time processing.
  • The end-to-end solution encompasses payment acceptance, token issuance, wallet management, and reporting capabilities.

TL;DR

• June 2, 2025: RVYL shares closed at $1.34 (+131.63%) on a volume of 27.9 million.
• May 15, 2025: NT 10-Q submitted, requesting an extension for the Q1 2025 report due to transaction data compilation needs.
• May 27, 2025: Form 8-K filed, detailing changes in accounting and Regulation FD disclosures.
• September 23, 2024: Taglich Brothers initiated coverage, noting a focus on the microcap fintech sector.
• Technology Update: Blockchain Fabric achieved throughput of over 3,400 TPS, handled 9 million requests per hour, maintained sub-200 ms latency, and sustained SOC 2 Type II compliance.
• Outlook: Anticipation of completing the Q1 2025 10-Q; introductions of the coyni stablecoin; potential share repurchase activity.