---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-023042"
form_type: "8-K"
ticker: "INLX"
cik: "0001081745"
company_name: "INTELLINETICS, INC."
filed_at: "2026-05-14T20:00:32+00:00"
generated_at: "2026-05-14T21:03:08.580662+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Intellinetics Q1 revenue falls 8% to $3.9M; net loss widens to $1.2M; CEO sees double-digit SaaS growth

## Summary
- Total revenue $3.9M, down 8% YoY; SaaS revenue flat at $1.5M (+0.1%).
- Net loss of $1.2M ($0.27/sh) vs net loss of $0.7M ($0.17/sh) in Q1 2025.
- Adjusted EBITDA loss of $287,650 vs profit of $76,589 in prior year.
- Q1 includes $430K in non-recurring CEO transition costs (severance, recruiting).
- New CEO Forsythe expects double-digit SaaS growth YoY in FY 2026.

## SEC filing metadata
- accession: 0001493152-26-023042
- form_type: 8-K
- ticker: INLX
- cik: 0001081745
- company_name: INTELLINETICS, INC.
- filed_at: 2026-05-14T20:00:32+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/0001493152-26-023042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-023042
- JSON: https://secwatch.observer/filing/0001493152-26-023042.json
- Plain text: https://secwatch.observer/filing/0001493152-26-023042.txt

## Key facts
- Earnings Releases
  INTELLINETICS, INC. reported the three months ended March 31, 2026 results: revenue $3,909,182, net income $1,177,853, EPS ($0.27). Guidance initiated.
  - Period: the three months ended March 31, 2026
  - Revenue: $3,909,182
  - Net income: $1,177,853
  - EPS: ($0.27)
  - Guidance: initiated
  - Result: reported results
  source text: Revenues for the three months ended March 31, 2026 were $3,909,182, a decrease of 8.0%, as compared with $4,247,345 for the same period in 2025. This decrease was primarily due to a 14.3% decline in professional services revenue. Total operating expenses increased 4.4% to $3,664,611, compared to $3,511,759 for the same period in 2025, driven by increases in general and administrative expense of 9.1%, due to non-recurring expenses in Q1 related to our CEO transition, totaling $430,130, including severance costs and share-based compensation for our retiring CEO, overlapping compensation expenses for our prior and current CEO in the quarter, and recruiting costs for our new CEO, partially offset by reduced share-based compensation expense for other employees. Loss from operations was $1,182,552 compared to loss from operations of $684,559 in the first quarter last year, primarily due to the lower professional services revenues and non-recurring CEO transition costs. Intellinetics reported
  evidence_url: https://www.sec.gov/Archives/edgar/data/1081745/000149315226023042/0001493152-26-023042-index.htm

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