RTB · NASDAQ · Software - Application

RTB Digital (RTB)

Supplies publishing, audience, advertising, and settlement infrastructure to professional media partners.

$9.32
After hours−0.23 (−2.46%)
At close$9.56(+13.21%)
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RTB Digital IncRTB
Information Technology

Supplies publishing, distribution, audience, advertising, and settlement infrastructure to professional media partners, sharing revenue across advertising, subscriptions, licensing, syndication, and affiliate links. Retains a smaller inherited merchant-acquiring and disbursement operation for U.S. merchants.

Combines a professional-media SaaS platform with an inherited U.S. merchant-acquiring and disbursement operation. The Roundtable platform supplies content management, hosting, communities, white-label mobile apps, analytics, advertising operations, syndication, and publisher settlement to invited media partners. Its customer-facing properties include The Hockey News, RoundtableSports, TheStreet crypto, and Miss World.

Under the partner model, publishers fund and produce their own content while the platform executes distribution, audience tools, monetization, and business operations, then shares advertising, subscription, licensing, syndication, and affiliate revenue under individual agreements. The digital publisher network reaches U.S. and international audiences, while payments serves geographically dispersed U.S. merchants. Stablecoin settlement depends on Coinbase wallet support and USDC payment rails; platform revenue depends on partner content, traffic, advertising demand, and third-party syndication.

Company facts

CEOJames Heckman
ListedMay 13, 2026
ExchangeNASDAQ
HeadquartersSan Diego, CA
CountryUnited States
Employees15
CIK0001419275
ISINUS39366L4068

Market cap$115.0M
EPS (ttm)−$10.55
P/E (ttm)−0.8000
ROE-129.3%
P/B3.79
P/S11.01
Dividend yieldDiv yield
Beta2.99vs XLK 0.48

No analyst consensus on record.

Next report
Nov 13, 26
in 52 days
EPS estimate
−$0.70
Revenue estimate
$22.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Nov '24Mar '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported−$26.60−$31.85−$28.00−$2.39−$4.25−$2.67−$1.24Pending
Estimate−$9.28−$9.10−$9.45−$4.55−$2.80$2.10$1.40−$0.70
Surprise−186.8%−250.0%−196.3%+47.5%−51.8%−227.1%−188.6%

RevenueReportedEstimate

Nov '24Mar '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported$12.6M$14.1M$2.8M$2.8M$2.8M$2.5M$2.3MPending
Estimate$13.9M$15.4M$17.1M$3.0M$3.0M$25.3M$25.2M$22.1M
Surprise−9.4%−8.3%−83.6%−7.1%−6.9%−90.0%−90.8%
Estimate−$0.70
ReportedDue Nov 13, 2026
Estimate$22.1M
ReportedDue Nov 13, 2026
View details

Debt to equity11.30%
Current ratio137.10%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$472.0K$2.8M$2.8M$2.8M$2.5M$2.3M
Net income−$110.0K−$1.9M−$2.0M−$4.4M−$3.3M−$9.6M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$162.0K−$2.0M−$1.2M−$2.2M−$2.1M−$8.9M
YoY growthLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $744.0K · Total debt $3.4M · Total assets $44.1M · Shareholders' equity $30.3M

Revenue
$2.3M
Operating income
−$8.9M
Net income
−$9.6M
View details

No dividends on record.

Insiders30.79%4.19M shares
1 holder · as of Sep 21, 2026
Other69.21%9.43M shares
remainder

13.62M company shares as of Aug 21, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Jason Christopher DorsettInsider10 percent owner
30.79%4.19Mfiled Sep 21, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 17, 2026Jason Christopher Dorsett10 percent owner+19,000$10.36
View details

  • Block

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  • PayPal

    Merchant payment acceptance and payout alternative for online sellers.

  • Fiserv

    Clover and merchant acquiring address the same small-business flows.

  • Global Payments

    Merchant acquiring and Worldpay scale pressure payment facilitation.

  • Alphabet Class A

    Google and YouTube compete for publisher traffic and ad budgets.

  • Meta

    Facebook and Instagram vie for expert communities and ad spend.

  • The Arena Group

    Publisher-partner media platform rival in sports, finance and ads.

  • Reddit

    Community-led content and ads offer an alternative audience hub.

CompareAfter hours

CompanyPriceChange
RTB Digital$9.32−2.46%$115.0M11.0−16.9%
Block$77.36−0.21%$46.37B139.116.91.9+9.3%
PayPal$53.00+0.23%$45.01B9.99.51.3+4.8%
Fiserv$46.26+0.35%$24.78B8.96.31.2−10.0%
Global Payments$84.78−0.01%$21.17B5.82.1+61.5%
Alphabet Class A$352.35+0.34%$4.30T17.826.19.6+24.2%
Meta$737.26+0.11%$1.89T27.924.28.3+28.0%
The Arena Group$1.32+2.33%$59.0M6.76.10.6−50.7%
Reddit$155.40−0.17%$30.56B36.925.511.0+61.1%
Median17.813.22.0+16.8%