RTB Digital, Inc.
RTBNasdaqIndustrials · Services-Management Consulting Services · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $11.1M | $18.2M | $65.9M | $32.9M | $26.3M | $8.5M |
| Operating income | −$13.1M | −$27.2M | −$12.3M | −$37.8M | −$29.2M | −$5.1M |
| Net income | −$17.5M | −$26.8M | −$53.1M | −$49.2M | −$13.3M | −$5.0M |
| Total assets | $13.1M | $122.3M | $128.7M | $97.7M | $114.0M | $12.3M |
| Total liabilities | $12.4M | $123.8M | $105.2M | $99.6M | $84.6M | $11.9M |
| Equity | $668,000 | −$1.5M | $23.5M | −$1.9M | $29.5M | −$2.7M |
| EPS (diluted) | $-29.33 | $-140.25 | $-10.11 | — | — | — |
| Shares out. | 8.4M | 6.0M | 51.3M | 43.3M | 41.2M | 175.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −118.1%
- Net margin
- −157.5%
- Return on equity
- −2623.7%
- Return on assets
- −133.8%
- Return on capital (ROCE)
- −425.4%
- Liabilities / assets
- 94.9%
- Debt / equity
- 18.61×
- Book value / share
- $0.08
- Revenue growth (YoY)
- −38.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -55.13distress
- Accruals / assets
- 42.1%high accruals
- Beneish M-Score
- -0.65elevated
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 7 warning● 0 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Beneish M-Score elevated — earnings-manipulation screen flag
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Kmissed a reporting deadline ↗May 15, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- S8 Global Fintech & Regtech FundActivist (13D)Apr 15, 2026
- Arena Investors LpPassive (13G)Feb 13, 2026
- Rtb Digital Inc.Activist (13D)Dec 8, 2025
- Dawson Wendy RaePassive (13G)Aug 15, 2025
- Cvi Investments, Inc.Passive (13G)Aug 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 94,843 | 2.5 | +55.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Unregistered equity sale · Change in control · Director / officer change · Amended charter or bylawsMay 21, 2026
- Entered a material agreementMay 13, 2026
- Delisting / listing-standard noticeApr 29, 2026
- Other material eventApr 29, 2026
- Director / officer change · Shareholder voteApr 2, 2026
- Other material eventMar 30, 2026
- Other material eventMar 26, 2026
- Other material eventMar 19, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4May 21, 2026
- 8-KFORM 8-KMay 21, 2026
- 10-QFORM 10-QMay 14, 2026
- 8-K/AFORM 8-K/A1May 13, 2026
- 8-KFORM 8-KMay 13, 2026
- 8-KFORM 8-KApr 29, 2026
- 8-KFORM 8-KApr 29, 2026
- SCHEDULE 13D/AApr 15, 2026
- 10-KFORM 10-KApr 15, 2026
- 3Apr 13, 2026
- 8-KFORM 8-KApr 2, 2026
- NT 10-KFORM NT 10-KMar 31, 2026
- 425FORM 8-KMar 30, 2026
- 8-KFORM 8-KMar 30, 2026
- 425FORM 8-KMar 26, 2026