Giftify (GIFT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 increased 4.0% year-over-year to $21.7M, with gross billings up 26.2% to $45.5M, driven by growth in agent transactions and a favorable mix of gift card sales.

• Gross profit rose 14.2% to $4.4M, and gross margin improved to 20.2% from 18.4% in Q2 2025.

• Net loss narrowed to $1.24M from $2.59M in Q2 2025, reflecting higher gross profit and lower stock-based compensation.

• For the six months ended June 30, 2026, net sales were $43.1M, nearly flat year-over-year, while gross profit increased 16.3% to $8.6M.

• The company continues to operate as a going concern but faces substantial doubt about its ability to continue without additional financing.

Financial highlights

• Q2 2026 net sales: $21.7M (+4.0% YoY); gross billings: $45.5M (+26.2% YoY).

• Gross profit: $4.4M (+14.2% YoY); gross margin: 20.2% (vs. 18.4% YoY).

• Net loss: $1.24M (Q2 2026) vs. $2.59M (Q2 2025); six-month net loss: $3.89M vs. $5.81M YoY.

• Modified EBITDA for Q2 2026 was $126K, up from $(150)K in Q2 2025.

• Cash and cash equivalents at June 30, 2026: $3.92M; working capital: $142K.

Outlook and guidance

• Management expects selling, general, and administrative expenses to rise as the company grows and incurs additional public company costs.

• The company anticipates its cash balance will last until June 2027 but acknowledges substantial doubt about its ability to continue as a going concern without new capital.

• Ongoing efforts include product optimization, sales growth strategies, and cost management.