Earnings summaries and quarterly performance for RYVYL.
Executive leadership at RYVYL.
Board of directors at RYVYL.
Research analysts who have asked questions during RYVYL earnings calls.
Recent press releases and 8-K filings for RVYL.
Roundtable to Merge with RVYL, Highlighting Blockchain SaaS Platform and Financial Strength
RVYL
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Roundtable, a blockchain-based SaaS platform for the media industry, is set to merge with Nasdaq-listed RVYL. The merger is structured to result in only 6% dilution, and Roundtable has secured control to ensure its completion.
- The company reports a strong financial position with $30 million in the bank, no debt, and "almost no expenses," enabling it to operate efficiently and sustain operations for years.
- Roundtable's platform is currently live, generating "millions" in revenue, and serves major media clients, including the International Hockey Federation and various sports networks, reaching hundreds of millions of users through syndication with partners like Apple, MSN, and Yahoo.
- Operating with a lean team of 14-16 people at Roundtable, the company leverages AI and blockchain automation for high efficiency, with its engineering team experiencing a 75% improvement in productivity.
- With a current fully diluted market cap of $200 million, Roundtable aims to rapidly achieve nine-figure revenue, projecting market multiples of "over 10 times revenue" based on comparable blockchain infrastructure companies.
Nov 20, 2025, 6:00 PM
Roundtable Discusses Merger with RVYL and Blockchain Media Platform
RVYL
M&A
New Projects/Investments
CFO Change
- Roundtable operates as a full-stack SaaS platform providing technical backend infrastructure for the $200 billion premium media industry, leveraging blockchain for immediate payments and operational efficiency.
- The company is led by CEO James Heckman and newly appointed CFO Aly Madhavji, who brings extensive blockchain investment experience. The leadership team previously grew a similar company, Arena/Maven, from $0 to $189 million in revenue in under four years.
- Roundtable is pursuing a merger with Nasdaq-listed RVYL with only 6% dilution, holding $30 million in the bank with no debt. The company has addressed potential delisting risks and controls the public entity to ensure the merger's completion.
- Operating with a lean team of 14-16 people, Roundtable leverages AI and blockchain for high efficiency and scalability. The current fully diluted market cap of RVYL is $200 million, with comps for similar blockchain infrastructure companies valued at over 10 times revenue.
Nov 20, 2025, 6:00 PM
Roundtable Provides Investor Update on Merger and Business Strategy
RVYL
M&A
CFO Change
New Projects/Investments
- Roundtable is undergoing a merger with Ryvyl, which is expected to close in approximately 90 days.
- Aly has been appointed as the new Chief Financial Officer (CFO), joining from his investment firm where Roundtable was his largest investment.
- The company operates as a blockchain-based technical backend for the $200 billion media industry, providing real-time payments and data/audience management for premium publishers.
- Roundtable currently holds over $30 million in the bank with minimal burn and aims to become a nine-figure to ten-figure business. The previous company founded by the CEO and Bill Sorensen, Maven/Arena Group, achieved $189 million in revenue in under four years.
- Ryvyl's existing payment processing solution, which generates $8 million-$10 million in revenue, is expected to be maintained after the merger.
Nov 20, 2025, 6:00 PM
RYVYL Inc. Announces Merger with Roundtable and Post-Merger Leadership
RVYL
M&A
CFO Change
Management Change
- RYVYL Inc. and Roundtable have signed a definitive merger agreement, with the closing subject to shareholder approval and standard regulatory review.
- Upon completion of the merger, the company will be named RTB Digital, Inc., doing business as "Roundtable".
- Aly Madhavji will join as Chief Financial Officer, James Heckman will become CEO, and Walton Comer will become Chairman of the merged company. Current RYVYL CFO George Oliva will transition to Chief Accounting Officer.
Nov 6, 2025, 10:07 PM
RYVYL reschedules annual meeting due to anticipated merger with Roundtable
RVYL
M&A
Proxy Vote Outcomes
New Projects/Investments
- RYVYL Inc. has rescheduled its 2025 Annual Meeting of Stockholders from October 30, 2025, to December 15, 2025.
- The new record date for stockholders entitled to notice and vote is October 31, 2025, to include new shareholders from the anticipated merger with privately held RTB Digital, Inc. (Roundtable).
- The merger agreement with Roundtable, a Web3 digital media SaaS technology company, was announced on September 30, 2025.
- Since the merger announcement, RYVYL's shares have experienced over 450 million shares of total trading activity.
- Roundtable recently invested $5 million in RYVYL, after raising $33 million to contribute to the combined businesses.
Oct 29, 2025, 10:34 PM
RYVYL Secures NASDAQ Listing and Announces Reverse Stock Split Ahead of Merger
RVYL
Delisting/Listing Issues
M&A
Proxy Vote Outcomes
- RYVYL Inc. announced on October 15, 2025, that it has secured its NASDAQ listing by meeting the required shareholder equity threshold, thereby lifting the previous delisting risk, following a direct capital investment from Roundtable.
- The company is seeking shareholder approval for a 15:1 reverse stock split at its Annual Meeting on October 30, 2025, which is expected to ensure compliance with NASDAQ's minimum share price requirement before the December 9, 2025 deadline.
- These actions are in anticipation of the merger between RYVYL and Roundtable, which, upon closing, will result in James Heckman becoming CEO, Walton Comer becoming Chairman, and the company being renamed RTB Digital, Inc., doing business as "Roundtable".
Oct 16, 2025, 8:03 PM
Ryvyl Inc. Completes Convertible Preferred Stock Financing and Regains Nasdaq Compliance
RVYL
Convertible Preferred Issuance
Delisting/Listing Issues
M&A
- Ryvyl Inc. (RVYL) completed a private placement (PIPE financing) on October 7, 2025, selling 50,000 shares of Series C convertible preferred stock at $0.40 per share, generating gross proceeds of up to $5,000,000.
- The financing's express purpose is to provide working capital to finance the Company's survival through its contemplated merger with RTB Digital, Inc..
- As a result of this PIPE financing, RVYL believes it has regained compliance with Nasdaq's minimum $2.5 million stockholders' equity requirement for continued listing.
- Each share of Series C Preferred Stock has a stated value of $100.00 and is convertible into 250 shares of Common Stock at a conversion price of $0.40. The total potential common shares from conversion is 12,500,000, but is subject to an issuance limitation of 7,202,092 shares of Common Stock without shareholder approval.
Oct 7, 2025, 8:06 PM
RYVYL Inc. Announces Merger Agreement with RTB Digital, Inc. and Strategic Shift to Web3 Digital Media
RVYL
M&A
CEO Change
Board Change
- RYVYL Inc. entered into an Agreement and Plan of Merger with RTB Digital, Inc. on September 28, 2025, which will result in RTB surviving as a wholly owned subsidiary of RYVYL.
- Based on a $41.25 million pre-money enterprise value, initial ownership post-merger is expected to be 15.15% for RYVYL stockholders and 84.85% for RTB stockholders.
- Roundtable (RTB) has raised $33 million in new capital, and the planned merger partner pledged to contribute over $30 million BTC to the treasury, signaling a realignment of RYVYL's vision towards digital asset infrastructure and blockchain adoption.
- Upon closing, the company will change its name to RTB Digital, Inc., James Heckman will become CEO, and the Board of Directors will be reconstituted with six new directors appointed by RTB.
- The merger is subject to customary conditions, including approval by RYVYL stockholders, with the meeting expected in Q4 2025.
Oct 2, 2025, 9:07 PM
RVYL Inc. Completes Sale of Ryvyl EU Subsidiary
RVYL
M&A
Accounting Changes
- RVYL Inc. completed the sale of its indirect subsidiary, Ryvyl (EU) EAD (Ryvyl EU), for an aggregate purchase price of $15,000,000.
- The initial agreement for the sale was made on January 23, 2025, through a stock purchase agreement.
- The company will classify Ryvyl EU as a discontinued operation in accordance with ASC 205-20, beginning with its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.
- As of March 31, 2025, the pro forma consolidated balance sheet shows total assets of $12,624 thousand and total liabilities of $22,414 thousand for Pro Forma Ryvyl Inc..
- For the three months ended March 31, 2025, pro forma revenue was $2,770 thousand and the net loss was $(5,852) thousand.
Sep 18, 2025, 8:15 PM
Quarterly earnings call transcripts for RYVYL.
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