GIFTMEDIUM SIGNALOPERATIONAL10-K

GIFT completed a $609,000 acquisition of Takeout7 in May 2025 while showing meaningful operational improvements with net losses narrowing 44% and gross profit growing 18%.

The company is executing an active acquisition strategy while demonstrating improved operational performance, suggesting management is successfully integrating previous acquisitions like CardCash. The loss of emerging growth company status indicates GIFT is maturing but will face increased regulatory compliance costs and reporting requirements going forward.

Comparing 2026-03-18 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

GIFT showed strong operational improvement with net losses narrowing from -$18.8M to -$10.5M while gross profit grew 18% to $15.5M, indicating better business fundamentals. The company significantly reduced its liability burden by 35% and improved operating cash flow by 38%, though current assets declined modestly by 10%. Overall, the financial picture suggests a company successfully turning around its operations while maintaining liquidity for continued acquisitions.

FINANCIAL STATEMENT CHANGES
Total Deposits
Balance Sheet
-97.9%
$95K→$2K

Deposits declined 97.9% — significant outflows warrant immediate investigation into funding stability.

Accounts Receivable
Balance Sheet
-84%
$892K→$143K

Receivables declined — improved collection efficiency or conservative revenue recognition.

Net Income
P&L
+44.3%
-$18.8M→-$10.5M

Net income grew 44.3% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+43.6%
-$18.4M→-$10.4M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Operating Cash Flow
Cash Flow
+37.7%
-$2.6M→-$1.6M

Operating cash flow surged 37.7% — exceptional cash generation, highest quality earnings signal.

Current Liabilities
Balance Sheet
-36.7%
$11.9M→$7.5M

Current liabilities reduced — improved short-term financial position and working capital health.

Total Liabilities
Balance Sheet
-35.3%
$14.7M→$9.5M

Liabilities reduced 35.3% — deleveraging improves balance sheet strength and financial flexibility.

Gross Profit
P&L
+17.9%
$13.1M→$15.5M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

SG&A Expense
P&L
-17%
$27.6M→$22.9M

SG&A reduced 17% — improved cost efficiency or headcount reduction improving operating margins.

Current Assets
Balance Sheet
-10.4%
$8.6M→$7.7M

Current assets declined 10.4% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2026-03-18
PRIOR — 2025-03-31
ADDED
The acquisition and integration of CardCash have changed our financial position, market profile, and brand focus, and have also expanded our short-term search for additional business opportunities, both internal and external.
Brand awareness CardCash has been in business since 2009, and we believe this history, along with a strong marketing push across multiple channels, has led to strong consumer awareness and acceptance.
Marc Ackerman, Chief Operating Officer of CardCash prior to the merger with Giftify, continues to serve as Chief Operating Officer of CardCash following the merger s closing.
3 Acquisitions On May 29, 2025, the Company completed the acquisition of Takeout7, Inc.
The acquisition was made pursuant to an agreement and plan of merger dated May 29, 2025, between the Company and Takeout7.
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REMOVED
The acquisition and integration of CardCash has changed our financial position, market profile and brand focus, and has also expanded our search for additional business opportunities in the short-term, both internal and external.
Brand awareness CardCash was initially formed approximately 15 years ago, and we believe this history, along with strong marketing push along multiple fronts have led to strong consumer awareness and acceptance.
Marc Ackerman, Chief Operating Officer of CardCash prior to the merger with Giftify, continues to serve as Chief Operating Officer of CardCash following the closing of the merger.
3 We are an emerging growth company (an EGC ), as defined in the Jumpstart Our Business Startups Act of 2012.
As an EGC, we are eligible for exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and reduced disclosure obligations regarding executive compensation.
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