Ryvyl (RVYL)
Payment acceptance and disbursement tools for underserved merchants.
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RYVYL provides payment acceptance, merchant onboarding, risk monitoring, and disbursement tools, mainly through acquiring-bank and processor partnerships. Its near-term profile also depends on a pending RTB Digital merger and Nasdaq listing conditions.
RYVYL Inc. is a San Diego financial technology company focused on card acceptance and business disbursement workflows. Its core revenue comes from credit card payment services enabled through acquiring banks, processors, and its BIN sponsorship arrangement; internally it handles merchant application review, underwriting, onboarding, risk monitoring, and customer support. The company targets underserved and higher-risk merchant categories, including retail, independent education, insurance, and adult entertainment, where onboarding and compliance needs can be more complex.
RYVYL also offers NEMS Core, a global disbursements platform launched in late 2024, and website materials describe payment, disbursement, and white-label API solutions for U.S. and Canadian processing. A shareholder-approved merger with RTB Digital, also known as Roundtable, remains a major strategic dependency and would shift the combined company toward Roundtable's digital media SaaS platform if completed and listed.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $587.0K · Total debt $1.9M · Total assets $44.1M · Shareholders' equity $30.3M
- Revenue
- $2.3M
- Operating income
- −$8.9M
- Net income
- −$9.6M
No dividends on record.
| Institutions | ≥ 0.40% | 55.5K shares | |
|---|---|---|---|
| 19 holders · as of Dec 31, 2025 | |||
| Insiders | 1.06% | 148.7K shares | |
| 6 holders · as of Aug 27, 2025 | |||
| Other | ≤ 98.54% | 13.80M shares | |
| remainder | |||
14.01M company shares as of Sep 22, 2026 · institutions as of Dec 31, 2025 · holders as of their latest filing
Two share counts disagree (14.01M in the company's Sep 22, 2026 report, 597.5K elsewhere); stakes use the report.
Institutional filings for RTB (100% of the company) are not on file here, so the institutional figure is a floor.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ben ErrezInsiderdirector, 10 percent owner, officer: Chairman of Board of Directors | 0.49% | 68,962 | filed Aug 27, 2025 |
Fredi NisanInsiderdirector, officer: Chief Executive Officer | 0.49% | 68,915 | filed Aug 27, 2025 |
Newedge Advisors, LLCInstitution | 0.14% | 701,547 | as of Dec 31, 2025 |
Vanguard Group IncInstitution | 0.09% | 433,510 | as of Dec 31, 2025 |
George OlivaInsiderofficer: Chief Financial Officer | 0.05% | 7,052 | filed Aug 27, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.