Saturday 7 November 2026
Export RTB’s income statement to Excel — free account
RTB Digital, Inc.
RTB Technology Software Application
RTB Digital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.1 million, down 38.7% from fiscal 2024.
- Revenue
- +350.3%
- EPS
- +95.6%
- Free cash flow
- −123.9%
- Total debt
- +146.2%
Quarter to June 2026, against a year earlier
6.08
0.13
+2.18%
Follow RTB
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2 | — | 1 | 10 | 9 | 26 | 33 | 66 | 18 | 11 | 13 | +23.1% | 95 | — | — | +753.5% | |
| Gross margin, % | 52.36 | — | 26.38 | (10.88) | 43.39 | 61.72 | 48.99 | 39.04 | 40.71 | 47.68 | 44.40 | (4.7) pt | ||||||
| EBT | 0 | — | (2) | (5) | (5) | (35) | (49) | (53) | (33) | (16) | (23) | n/m | ||||||
| EBT margin, % | 5.53 | — | (207.87) | (46.83) | (58.74) | (134.08) | (149.64) | (80.18) | (180.30) | (141.37) | (179.08) | (146.9) pt | ||||||
| Net income | 0 | 0 | (2) | (5) | (5) | (26) | (49) | (53) | (27) | (18) | (19) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 248.62 | 0.00 | 21.53 | 125.04 | 99.82 | 225.98 | 252.56 | 438.54 | 94.92 | 18.63 | 1.64 | (25.0%) | |||||
| Earnings | 8.40 | 12.99 | (44.79) | (58.24) | (59.44) | (302.98) | (377.62) | (353.50) | (137.77) | (29.33) | (10.62) | n/m | ||||||
| Cash flow | 4.33 | 67.72 | (37.87) | (1.96) | (48.72) | (233.38) | (71.71) | 220.78 | 110.77 | (38.56) | (3.56) | n/m | ||||||
| Capex | (0.54) | 0.00 | (0.74) | (0.62) | (0.08) | (1.37) | (5.08) | 16.72 | (9.45) | (2.34) | (0.09) | +17.8% | ||||||
| Free cash flow | 3.80 | 67.72 | (38.61) | (2.58) | (48.80) | (234.75) | (76.79) | 237.50 | 101.32 | (40.90) | (3.66) | n/m | ||||||
| Book value | (88.97) | (76.00) | (21.73) | (67.09) | 4.51 | 253.16 | (14.76) | 156.40 | (7.80) | 44.52 | 3.92 | n/m | ||||||
| Shares, m | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | +64.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 5.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.6 | |||||
| P/S | 0.17 | — | 23.32 | 1.68 | 22.93 | 6.51 | 0.67 | 0.35 | 0.48 | 0.30 | 3.74 | 6.3 | ||||||
| P/B | 0.00 | — | 0.00 | 0.00 | 507.49 | 5.81 | 0.00 | 0.99 | 0.00 | 0.13 | 1.57 | 57.2 | ||||||
| EV/Sales | 0.16 | — | 23.32 | 0.94 | 21.91 | 5.83 | 1.08 | (0.71) | (3.63) | 0.31 | 3.01 | 5.5 | ||||||
| EV/FCF | 10.89 | — | (18.55) | (45.49) | (44.82) | (5.61) | (3.55) | (1.31) | (3.40) | (0.14) | (1.34) | (12.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 0 | 0 | (2) | 0 | (4) | (27) | (9) | 33 | 21 | (23) | (28) | n/m | |||||
| Capex | 0 | — | 0 | 0 | 0 | 0 | (1) | 3 | (2) | (1) | (1) | +93.3% | ||||||
| Free cash flow | 0 | 0 | (2) | 0 | (4) | (27) | (10) | 36 | 19 | (24) | (28) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (1) | (1) | (1) | (6) | 0 | 72 | 22 | 4 | (8) | 1 | 4 | n/m | |||||
| Net debt | 0 | — | 0 | (8) | (9) | (18) | 13 | (70) | (75) | (7) | (9) | +100.4% | ||||||
| Shareholders’ equity | (1) | (1) | (1) | (5) | 0 | 29 | (2) | 23 | (1) | 27 | 30 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 34.37 | 57.21 | (309.49) | (69.87) | (40.65) | (55.85) | (46.51) | (46.93) | (21.38) | (23.25) | (59.48) | (57.6) pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (155.49) | (204.73) | 0.00 | 0.00 | (41.54) | (59.55) | (41.5) pt | ||||||
| ROE | (9.01) | (15.73) | 262.28 | 149.03 | 201.02 | (236.32) | (357.49) | (492.43) | (243.90) | 4,243.58 | (164.43) | +4,252.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 5 | 9 | 2 | — | 18 | 50 | 110 | 99 | 95 | 15 | — | +13.0% | |||||
| Revenue/emp, $m | 0.34 | 0.00 | 0.46 | 0.00 | 0.47 | 0.53 | 0.30 | 0.67 | 0.19 | 0.74 | — | +8.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
RTB Digital, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RYDE Ryde Group Ltd. | $114.7M | — | — | — | n/m | −1,394.20% (below 0%: shrinking) | 34.62% | (54.96%) | Compare |
| SSTI SoundThinking, Inc. | $110.2M | — (loss-making) | — (loss-making) | −7.73% (below 0%: shrinking) | n/m | −204.69% (below 0%: shrinking) | 48.29% | (19.48%) | Compare |
| RDZN Roadzen Inc. | $94.5M | — (loss-making) | — (loss-making) | +49.04% (above 0%: growing) | n/m | −85.81% (below 0%: shrinking) | 57.25% | (9.53%) | Compare |
| RTB RTB Digital, Inc. | $83.4M | — (loss-making) | 9.6× | +350.29% (above 0%: growing) | n/m | −123.92% (below 0%: shrinking) | 37.41% | (383.63%) | |
| NTWK NetSol Technologies Inc. | $77.3M | 26.4× | — (loss-making) | +12.54% (above 0%: growing) | +45.45% (above 0%: growing) | +134,644.57% (above 0%: growing) | 63.60% | 21.62% | Compare |
| NRDY Nerdy Inc. | $75.2M | — (loss-making) | — (loss-making) | −4.49% (below 0%: shrinking) | n/m | +23.48% (above 0%: growing) | 64.73% | (14.98%) | Compare |
| ROC Rank One Computing Corporation | $62.0M | — (loss-making) | — (loss-making) | — | n/m | −613.92% (below 0%: shrinking) | 89.67% | (15.23%) | Compare |
| RSSS Research Solutions Inc. | $61.5M | 20.3× | 17.1× | −2.87% (below 0%: shrinking) | −71.43% (below 0%: shrinking) | −21.64% (below 0%: shrinking) | 53.00% | 6.97% | Compare |
| AMOD Alpha Modus Holdings, Inc. | $59.5M | — (loss-making) | — | — | n/m | −72.95% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $76.3M | — | — | −2.87% | — | −79.38% | 57.25% | (12.25%) |
Pay and ownership Proxy statement filed 14 November 2025
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2024 | 542.03k | 439.85k | 3.10 |
| 2023 | 766.74k | 280.03k | 9.90 |
| 2022 | 361.02k | 302.34k | 10.95 |
Ownership
Directors and executive officers, together
10.34%
RTB Digital, Inc.
16.64%
S8 Global Fintech & Regtech Fund
8.33%
Fredi Nisan
4.98%
Ben Errez
4.98%
GreenBox POS LLC
4.27%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement