Onfolio Holdings Inc. Announces Q2 2026 Financial Results and Provides Corporate Update

About this update from Onfolio Holdings Inc.

Conference Call to Discuss Q2 2026 Results Scheduled for Today at 8:00 a.m. ET WILMINGTON, Del., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) ("Onfolio" or the "Company"), an owner-operator of cash-generative online businesses, announces financial results for the second quarter ended June 30, 2026. Recent Corporate Highlights Second Quarter 2026 Financial Highlights "While our portfolio continued to navigate headwinds in the second quarter, we continued to make notable progress positioning Onfolio for long-term value creation," commented Onfolio CEO Dominic Wells. "Revenue declined primarily due to a slowdown in new sales at our Eastern Standard subsidiary and continued reduced advertising spend at Proofread Anywhere, and our gross margin came down as our revenue mix shifted further toward our lower-margin B2B services business. However, RevenueZen's results improved significantly after Eastern Standard took over management of its fulfilment, which shows our AgencyCo playbook can work, but overall portfolio performance is not yet where we need it to be, and we're being direct about that. "Outside the portfolio, we made real progress on the issues that matter most to shareholders right now. We terminated our letter of intent with Paramount Helium in July, and we've refocused fully on our core strategy of acquiring and operating profitable online businesses. We also took direct action on our two Nasdaq listing deficiencies: 1) our senior secured noteholder has converted all of its outstanding principal into equity since quarter-end, which strengthens our stockholders' equity position, and 2) on August 10, 2026, we completed a 1-for-50 reverse stock split intended to bring our share price back above the $1.00 minimum bid price requirement. "We're also continuing our work to reduce parent company overhead and get portfolio cash flowing back up to the parent, which remains the core lever for reaching profitability. This playbook, consolidating overhead, rebuilding processes with AI, and focusing our teams on revenue-generating work, is what we continue to deploy across the portfolio. "Overall, our focus for the remainder of the year is unchanged: control parent company costs, get portfolio cash flowing again, and close acquisitions that are accretive from day one. We believe the path ahead is our best opportunity to maximize value for shareholders, and we look forward to keeping you updated on our progress," concluded Wells. Recent Business and Operational Highlights For more detailed information regarding Onfolio's financial results, please see the Company's Form 10-Q and other SEC filings at investors.onfolio.com/filings . Conference Call Onfolio will hold a conference call on August 20, 2026, at 8:00 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2026. Date: Thursday, August 20, 2026 Time: 8:00 a.m. Eastern time Webcast Link: Here Dial-In Link: Here Toll-free dial-in number: 1-877-704-4453 International dial-in number: 1-201-389-0920 Conference ID: 13761326 Please call one of the conference telephone numbers 5-10 minutes prior to the start time, and an operator will register your name and organization. Alternatively, you can connect instantly to the event via the webcast link or dial-in link above. Non-GAAP Financial Measures In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), this press release contains the non-GAAP financial measure EBITDA. The Company defines EBITDA as Earnings Before Interest, Taxes, Depreciation and Amortization, plus change in fair value of digital assets, change in fair value of contingent consideration, and change in fair value of derivative liabilities, stock-based compensation and impairments. Neither EBITDA nor EBITDA As Defined is a measurement of financial performance under U.S. GAAP. The Company presents EBITDA because management uses this measure to evaluate the Company's operating performance, and believes it is helpful to investors as a supplement to, and not a substitute for, GAAP financial measures. EBITDA as defined by the Company may not be comparable to similarly titled measures reported by other companies due to potential differences in the method of calculation. A reconciliation of EBITDA to the most directly comparable GAAP financial measure, net income (loss), is included in the financial tables accompanying this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of EBITDA to those GAAP financial measures, and not to rely on any single financial measure to evaluate the Company's business. About Onfolio Holdings Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) is an owner-operator of cash-generative online businesses. The Company acquires and operates profitable online businesses across diverse verticals, including marketing, education, and e-commerce, with a focus on sustainable cash flow and long-term value creation. Visit www.onfolio.com for more information. Forward-Looking Statements The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1A "Risk Factors" in our most recent Form 10-K and Form 10-Q; other risks to which our Company is subject; other factors beyond the Company's control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Investor Contact [email protected]

View stock analysis, news, and events for Onfolio Holdings Inc.