Business
Giftify, Inc. Reports First Quarter 2026 Financial Results: Gross Billings Grow 25% to $45 Million as CardCash Marketplace Reaches Multi-Year Highs
Gross Profit Grows 18.5% to $4.2 Million on 380 Basis Point Margin Expansion Net Loss Improves 17.6% to $2.7 Million, or $(0.08) Per Share; Interest Expense Declines 44% CardCash Buy Orders, Average Order Value, and New Seller Acquisition All Reach Multi-Year Highs in Q1 2026 SCHAUMBURG, IL, May 12, 2026 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced
About this update from Giftify, Inc.
Gross Profit Grows 18.5% to $4.2 Million on 380 Basis Point Margin Expansion Net Loss Improves 17.6% to $2.7 Million, or $(0.08) Per Share; Interest Expense Declines 44% CardCash Buy Orders, Average Order Value, and New Seller Acquisition All Reach Multi-Year Highs in Q1 2026 SCHAUMBURG, IL, May 12, 2026 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced financial results for the first quarter ended March 31, 2026, and provided a corporate update on key operational initiatives and marketplace performance during the period. First Quarter 2026 Financial Highlights: Revenue Mix Reflects Continued Shift Toward Agent Transactions While reported net sales for Q1 2026 were $21.4 million compared to $22.3 million in Q1 2025, this reflects an evolving transaction mix rather than a reduction in underlying business activity. Gross billings, which represent the total dollar value of customer transactions, increased 25.0% year-over-year to $45.0 million, reflecting robust marketplace momentum across CardCash and Restaurant.com. The variance between gross billings growth and reported net sales is attributable to an increased proportion of transactions in which Giftify acts as an agent rather than a principal. In agent transactions, the Company facilitates the connection between suppliers and customers without taking inventory risk, and revenue is recognized on a net basis representing only the Company’s commission. Agent transactions represented approximately 8% of net sales in Q1 2026, compared to approximately 4% in Q1 2025. CardCash Marketplace Performance: Q1 2026 Metrics Confirm Multi-Year Demand Strength The Company entered 2026 with accelerating momentum across both sides of the CardCash marketplace, and the quarterly financial results reflect the underlying demand dynamics previewed in the Company’s pre-announced operational releases earlier this year. Sell-Side: CardCash completed 70,954 sell orders from January 1 through March 15, 2026, a 14.2% increase compared to 62,117 orders during the same period in 2025. New seller acquisition reached 25,508 first-time sellers, up 18.5% year-over-year, expanding the available card inventory that powers buy-side fulfillment. Buy-Side: CardCash processed 112,084 buy orders through ...