Giftify posts double-digit revenue growth in Q3
Key points
- Giftify reported third-quarter 2026 net sales of $22.3 million, up 18.8% year over year, while gross billings increased 17.1% to $45.8 million.
- Net loss narrowed to $1.5 million from $2.4 million, while the operating loss declined to $1.6 million and gross margin slipped to 19.6%.
- Giftify introduced a membership model for Restaurant.com, which management expects to create opportunities for recurring revenue.
Giftify (NASDAQ:GIFT) reported third-quarter 2026 net sales of $22.3 million, up 18.8%, as its operating loss narrowed to $1.6 million.
Sales increased from $18.8 million a year earlier, while net loss declined to $1.5 million, or $0.04 per share.
Gross billings rose 17.1% to $45.8 million, while gross profit increased 16.7% to $4.4 million despite a lower 19.6% margin.
Giftify said Restaurant.com's membership model, introduced October 27, could generate recurring revenue as the company works toward profitability.
Nine-month net sales increased 5.6% to $65.4 million, while the net loss narrowed to $5.4 million from $8.2 million.
Cash, including restricted funds, reached $3.9 million at September 30, while modified EBITDA remained negative at $102,386, compared with $268,508 previously.
