Mr. Mike Marrandino reports
INVERITE ANNOUNCES AUDITED CONSOLIDATED FINANCIAL RESULTS FOR TWELVE AND THREE MONTHS (Q4) ENDING MARCH 31, 2026
Inverite Insights Inc. has released its comparative 12-month audited financial results for the year ended March 31, 2026, and March 31, 2025.
Key financial highlights for the 12-month period ending March 31, 2026, include:
- The company increased verification fee revenue by 19.9 per cent, or $238,419, to $1,436,796 (March 31, 2025: $1,198,377). The increase is attributed to continued higher transaction volumes.
- The company saw operating expenses decrease by 0.6 per cent, or $22,109, to $3,808,631 (March 31, 2025: $3,830,740).
- The company recorded a net loss of $2,747,302 (March 31, 2025: $2,606,568). Revenue grew 17.6 per cent and operating expenses declined by $22,109, driven by cost discipline and lower finance costs. These gains were offset by a $422,256 loss on settlement of debts -- a non-cash charge from settling accounts payable through share issuance, reflecting the gap between liability carrying value and share fair value at settlement -- along with a $49,044 smaller gain on write-off of accounts payable versus the prior year.
Key financial highlights for the three-month period ended March 31, 2026, include:
- The company increased verification fee revenue by 38.4 per cent to $386,227 (March 31, 2025: $278,998). The increase is attributed to continued higher transaction volumes.
- The company saw operating expenses decrease by 8.5 per cent, or $89,747, to $961,149 (March 31, 2025: $1,050,896).
- The company recorded a net loss of $961,629 (March 31, 2025: $624,436). The increased net loss is due to a one-time non-cash market price adjustment of $422,256 from shares-for-debt loan settlements.
"Our financial results reflect continued execution against the strategy we've been building for several years," said Karim Nanji, chief executive officer of Inverite Insights. "Revenue continued to grow while we maintained financial discipline across the business. These results demonstrate the operating leverage we've been working toward as customer adoption continues to grow. More importantly, these same investments are creating opportunities beyond our traditional markets. Every new deployment strengthens the intelligence behind our platform. As that intelligence continues to grow, it strengthens the infrastructure that enables better financial decisions."
A comprehensive discussion of Inverite's financial position and results of operations is provided in the condensed consolidated interim financial statements and management discussion and analysis for the 12-month period ended March 31, 2026, are filed on SEDAR+.
About Inverite Insights Inc.
Inverite Insights is a Canadian risk intelligence infrastructure company specializing in real-time financial data and AI-driven (artificial intelligence)
intelligence. The company's platform helps financial ecosystem participants better understand financial activity, risk behaviour and real-time financial patterns through permissioned financial data infrastructure.
We seek Safe Harbor.
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