Flagship explainer
How RYVYL INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $11.1M | 100% |
| |
| Cost of revenue | $5.8M | 52% |
|
| $5.3M | 48% |
| |
| −$13.1M | −118% |
| |
| Income before tax | −$15.7M | −141% |
|
| Income tax | $318000 | 3% |
|
| −$17.5M | −157% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001185185-26-001363