---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-001177"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:50:44.767339+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RYVYL Q3 revenue record $17.5M (+64% YoY); Q4 guidance $19-21M

## Summary
- Q3 revenue of $17.5M vs $10.6M YoY, a 64% increase; processing volume $861M above guidance of $720-800M.
- Net loss narrowed to $3.1M ($0.60 loss per share) from $15.9M ($3.37 loss per share) in Q3 2022.
- Q4 2023 revenue outlook of $19-21M on processing volume of $900M-$1.0B; Q3 EU revenue up 100% to $5.0M.
- Appointed George Oliva as CFO, replacing interim CFO Gene Jones; convertible note exchange reduced debt by $6M.
- Cash, cash equivalents and restricted cash at $68.4M; $15.8M unrestricted; completed 1-for-10 reverse stock split.

## SEC filing metadata
- accession: 0001185185-23-001177
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518523001177/0001185185-23-001177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518523001177/ryvyl20231113_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-001177
- JSON: https://secwatch.observer/filing/0001185185-23-001177.json
- Plain text: https://secwatch.observer/filing/0001185185-23-001177.txt

## Key facts
- Earnings Releases
  RYVYL Inc. reported third quarter ended September 30, 2023 results: revenue $17.5 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $17.5 million
  - Result: reported results
  source text: Record quarterly revenue of $17.5 million versus $10.6 million during the same time period in 2022, a 64% increase.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523001177/0001185185-23-001177-index.htm
- Earnings Releases
  RYVYL Inc. reported quarter ended September 30, 2023 results: revenue $17.5 million.
  - Period: quarter ended September 30, 2023
  - Revenue: $17.5 million
  - Result: reported results
  source text: Revenue increased by $6.9 million, or 64%, to $17.5 million for the quarter ended September 30, 2023, from $10.6 million for the year-earlier quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523001177/0001185185-23-001177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.