Key Highlights

  • Second-quarter revenue was $5,450,127, up 11% from $4,929,211.
  • The net loss narrowed to $362,447 from $853,582.
  • Adjusted EBITDA was $241,243 versus $99,121 a year earlier.
  • Gross margin rose to 50% from 46%.

QuoteMedia, Inc. (OTC:QMCI) supplies financial data, market information and related software to brokerages, financial institutions and media companies. Its most recent quarterly report, released August 14, 2026, showed double-digit revenue growth, a smaller net loss and a higher gross margin. For a small company whose shares trade over the counter, such signs of operating leverage may be of interest.

Latest Company Context

For the quarter ended June 30, 2026, QuoteMedia reported revenue of $5,450,127, up 11% from $4,929,211 in the second quarter of 2025. The net loss was $362,447, an improvement of $491,135 from a net loss of $853,582 a year earlier. Adjusted EBITDA was $241,243, compared with $99,121 in the prior-year quarter. Gross margin rose to 50% from 46%.

Management attributed part of the reported loss to accounting effects of capitalized development costs, which it said did not affect cash flow. It also said it completed several new agreements during the quarter and has a strong pipeline of enterprise opportunities. Those statements are management's view.

In the first quarter of 2026, revenue was $5.53 million, up 15%, with a net loss of $620,612. For the full year 2025, revenue was $20,253,917.

Key Business Drivers

The core driver is recurring demand for market data, charting and portfolio tools from enterprise clients. Growth of 11% to 15% across the first two quarters of 2026 suggests continued customer additions or expansion, though quarterly results can fluctuate with contract timing.

Margin progress is the second driver. Gross margin moving from 46% to 50% and adjusted EBITDA rising from about $99,000 to about $241,000 point to improving scale economics. Because the company reports a net loss, investors may watch how capitalized development spending and amortization affect GAAP results relative to cash generation.

Competition is a consideration. Financial data is a crowded field with much larger participants, and winning enterprise contracts can involve long sales cycles. Management's reference to a pipeline of enterprise opportunities is a forward-looking statement, and conversion is not assured.

What Investors Should Watch

The next scheduled event is the third-quarter 2026 report, which, based on the company's recent pattern of mid-November releases, could arrive around that time. Investors may watch whether revenue growth stays in double digits, whether gross margin holds near 50%, and whether adjusted EBITDA stays positive.

Announcements of new enterprise agreements, which the company has highlighted, may also be informative. Finally, the full-year 2026 results, expected in early 2027 if the prior year's April timing is repeated, could show whether the improvement in the net loss persists.

Signs of Operating Leverage at a Small Financial-Data Provider

QuoteMedia's quarter shows revenue growth, a higher gross margin and a loss that narrowed. Management attributes part of the loss to non-cash accounting effects from capitalised development costs and points to a strong enterprise pipeline.