CreditRiskMonitor Announces Second Quarter Results
CreditRiskMonitor reported Q2 fiscal 2026 revenue of $5.2 million, up 2% year-over-year, but posted a net loss of $475,000 compared to net income of $135,000 in the same period last year. The company identified a material weakness in internal control over financial reporting and recorded approximately $2.2 million in sales and income tax liabilities after determining it had established nexus in jurisdictions where it had not been collecting taxes. Despite these challenges, the company maintains a strong balance sheet with no debt and approximately $17.8 million in cash and equivalents, allowing it to absorb these costs.
Key figures
- Revenue
- 5200000
- Revenue Yoy
- 2%
- Net loss
- 475000
- Operating loss
- 664000
- Sales tax liability
- 2000000
- Cash and equivalents
- 17800000
- Income tax liability
- 210000
- Non current treasuries
- 1000000
- Trade contributor data
- approximately $3 trillion annualized
AI analysis
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