RTB Digital, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 13, 2026, reporting a nine-month net loss of $19,439 thousand and significant balance sheet expansion following acquisition activity.

Key Highlights

  • Revenue growth: Revenue for the nine months ended September 30, 2026 was $6,291 thousand, compared to $1,443 thousand in the same period of 2025, according to the filing.
  • Net loss: The company reported a net loss of $19,439 thousand for the nine months ended September 30, 2026, versus a net loss of $2,058 thousand for the same prior-year period.
  • Third-quarter loss: Net loss for the three months ended September 30, 2026 was $5,077 thousand, or $(0.37) per basic and diluted share.
  • Total assets expanded: Total assets rose to $45,222 thousand at September 30, 2026 from $28,514 thousand at December 31, 2025, with goodwill of $11,116 thousand and acquired intangible assets of $10,681 thousand appearing on the balance sheet.
  • Share count increased sharply: Common shares issued and outstanding grew from 4,165,123 at December 31, 2025 to 14,494,818 at September 30, 2026, reflecting merger activity, note conversions, and equity issuances.
  • Cash position: Cash and cash equivalents stood at $3,509 thousand at September 30, 2026, up from $534 thousand at December 31, 2025, with a $10,000 thousand deposit on a digital media investment also recorded as a current asset.
  • Accumulated deficit: The accumulated deficit reached $33,225 thousand at September 30, 2026, compared to $13,786 thousand at December 31, 2025.

RTB Digital's Expanding Operations and Losses Through September 2026

RTB Digital, Inc. (NASDAQ:RTB), a Nevada-incorporated company headquartered in Seattle, Washington, disclosed a substantial increase in both revenues and operating losses in its 10-Q for the nine months ended September 30, 2026. According to the filing, revenue reached $6,291 thousand for the nine-month period, more than four times the $1,443 thousand reported for the comparable 2025 period. The company attributed cost of revenue of $3,955 thousand against those revenues, yielding a gross profit of $2,336 thousand for the nine-month period.

Operating expenses grew sharply alongside revenue. The filing shows total operating expenses of $20,713 thousand for the nine months ended September 30, 2026, driven primarily by general and administrative costs of $14,234 thousand and selling and marketing expenses of $5,871 thousand. This produced a loss from operations of $18,377 thousand for the nine-month period. The company also disclosed activity in crypto assets, including a loss on sale of crypto assets of $1,050 thousand and a change in fair value of crypto assets of $(33) thousand for the nine-month period, reflecting RTB Digital's holdings in digital assets as part of its balance sheet strategy.

The company's balance sheet changed considerably between December 31, 2025 and September 30, 2026. The filing records goodwill of $11,116 thousand and acquired and other intangible assets of $11,116 thousand and $10,681 thousand, respectively, neither of which appeared at year-end 2025, indicating acquisition-related activity. Shares issued pursuant to a merger during the second quarter totaled 962,511 shares valued at $10,084 thousand in additional paid-in capital. A PIPE financing in the third quarter resulted in the issuance of 456,306 shares generating $5,079 thousand. As of November 10, 2026, the registrant reported 14,485,845 shares of common stock outstanding.

What Was Disclosed

RTB Digital filed a 10-Q for the period ended September 30, 2026, disclosing a nine-month net loss of $19,439 thousand on revenues of $6,291 thousand, a significantly expanded balance sheet reflecting merger and acquisition activity, and 14,494,818 shares outstanding at quarter end.