--- title: "AppTech | 10-Q: FY2026 Q1 Revenue: USD 1.457 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286595441.md" datetime: "2026-05-15T16:54:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286595441.md) - [en](https://longbridge.com/en/news/286595441.md) - [zh-HK](https://longbridge.com/zh-HK/news/286595441.md) --- # AppTech | 10-Q: FY2026 Q1 Revenue: USD 1.457 M Revenue: As of FY2026 Q1, the actual value is USD 1.457 M. EPS: As of FY2026 Q1, the actual value is USD -0.08. EBIT: As of FY2026 Q1, the actual value is USD -2.652 M. ### Segment Revenue AppTech Payments Corp., a fintech infrastructure provider, reported revenues of $1,457 thousand for the three months ended March 31, 2026, a 571% increase from $217 thousand for the same period in 2025. This growth was driven by lending revenue, revenue from the IP platform, and increased merchant processing revenue from its independent sales organization (“ISO”). The company’s revenue streams include one-time customer setup services, monthly platform and transaction-based fees, and merchant processing services. ### Operational Metrics #### Cost of Revenue Cost of revenue increased by 405% to $646 thousand for the three months ended March 31, 2026, from $128 thousand in 2025, primarily due to fees owed to the ISO partner, IP platform processor, and higher referral partner payouts related to IP. #### Gross Profit Gross profit was $811 thousand for the three months ended March 31, 2026, an 811% increase from $89 thousand in the comparable 2025 period. #### Operating Expenses - **General and Administrative**: These expenses rose by 67% to $3,284 thousand for the three months ended March 31, 2026, from $1,965 thousand in 2025, mainly due to stock-based compensation and accelerated vesting of performance-based shares. - **Research and Development**: R&D expenses decreased by -52% to $375 thousand for the three months ended March 31, 2026, from $780 thousand in 2025, attributed to the company’s decision to lower its outsourced development team. #### Loss from Operations The loss from operations increased by 7% to -$2,848 thousand for the three months ended March 31, 2026, from -$2,656 thousand in 2025. #### Net Loss The net loss for the three months ended March 31, 2026, was -$3,308 thousand, a 25% increase from -$2,641 thousand for the same period in 2025. ### Other Income (Expenses) #### Interest Expense Interest expense increased by 494% to -$196 thousand for the three months ended March 31, 2026, from -$33 thousand in 2025, due to interest on convertible notes and a liability assumption from a banking partner. #### Loss on Change in Fair Value of Contingent Consideration A loss of -$262 thousand was recognized for the three months ended March 31, 2026, compared to $0 in 2025, resulting from adjusting the earnout owed to the Sellers of IP. ### Cash Flow #### Net cash used in operating activities Net cash used in operating activities was -$913 thousand for the three months ended March 31, 2026, an improvement from -$1,801 thousand for the same period in 2025. #### Net cash provided by financing activities Net cash provided by financing activities totaled $779 thousand for the three months ended March 31, 2026, primarily from $1,000 thousand in proceeds from a participation agreement, partially offset by -$221 thousand in repayments of notes payable. In the prior period, net cash provided by financing activities was $1,350 thousand from outstanding equity receivable. ### Future Outlook and Strategy AppTech Payments Corp.’s 2026 priorities include scaling its Banking Platform, expanding cross-border and multi-currency capabilities, and increasing transaction-based and subscription revenue. The company aims to strengthen partner and enterprise relationships while participating in the shift toward digital financial services and embedded financial infrastructure. Management is pursuing additional funding and new revenue streams, and began implementing expense reduction strategies in March 2026 to enhance financial stability. ### Related Stocks - [APCX.US](https://longbridge.com/en/quote/APCX.US.md) ## Related News & Research - [AppTech Appoints Albert L. Lord as Executive Chairman and Adds Robert L. Lipstein to Board of Directors | APCX Stock News](https://longbridge.com/en/news/285595065.md) - [Albert L. Lord named Executive Chairman as Thomas DeRosa and Anthony Shall have employment arrangements at AppTech Payments](https://longbridge.com/en/news/285779057.md) - [Electro-Sensors GAAP EPS of -$0.03, revenue of $2.6M](https://longbridge.com/en/news/286518577.md) - [Sangoma Announces Third Quarter Fiscal 2026 Results | SANG Stock News](https://longbridge.com/en/news/286317217.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)