The company achieved a 601.5% revenue surge in 2025Q4, yet this top-line growth is currently offset by an operating margin of -134.5% as SG&A expenses continue to outpace gross profits.
| Sales/Revenue | 46.8M | 187.79K | 145.05K | 115.16K | 3.9M |
| Revenue Growth % | 24821.77% | 29.46% | 25.96% | -97.05% | - |
| Cost of Goods Sold | 15.92M | 34.05K | 34.79K | 745.04K | 1.74M |
| COGS % of Revenue | 34.02% | 18.13% | 23.99% | 646.97% | 44.59% |
| Gross Profit | 30.88M | 153.74K | 110.26K | -630K | 2.16M |
| Gross Margin % | 65.98% | 81.87% | 76.01% | -547.07% | 55.41% |
| Gross Profit Growth % | 19985.14% | 39.43% | 117.5% | -129.12% | - |
| Operating Expenses | 117.73M | 138.2M | 26.12M | 106.42M | 39.43M |
| OpEx % of Revenue | 251.57% | 73592.03% | 18005.39% | 92407.89% | 1009.77% |
| Selling, General & Admin | 102.43M | 137.72M | 24.72M | 90.98M | 38.97M |
| SG&A % of Revenue | 218.86% | 73335.89% | 17040.75% | 79002.94% | 997.98% |
| Research & Development | 11.2M | 0 | 0 | -467.56K | 0 |
| R&D % of Revenue | 23.93% | - | - | -406.02% | - |
| Other Operating Expenses | 4.11M | 481K | 1.4M | 15.9M | 460.49K |
| Operating Income | -86.86M | -138.04M | -26.01M | -107.05M | -37.26M |
| Operating Margin % | -185.59% | -73510.02% | -17928.87% | -92954.96% | -954.36% |
| Operating Income Growth % | 37.08% | -430.81% | 75.71% | -187.27% | - |
| EBITDA | -79.89M | -137.82M | -25.76M | -106.8M | -36.83M |
| EBITDA Margin % | -170.71% | -73390.07% | -17761.78% | -92742.9% | -943.35% |
| EBITDA Growth % | 42.03% | -434.93% | 75.88% | -189.96% | - |
| D&A (Non-Cash Add-back) | 6.97M | 225.25K | 242.36K | 244.21K | 430.09K |
| EBIT | -115.63M | -162.04M | -26.01M | -106.79M | -37.26M |
| Net Interest Income | -3.51M | -10.56M | -4.79M | -3.88M | -301.59K |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.51M | 10.56M | 4.79M | 3.88M | 301.59K |
| Other Income/Expense | -32.28M | -34.56M | -4.67M | -3.63M | -482.5K |
| Pretax Income | -119.14M | -172.6M | -30.67M | -110.67M | -37.75M |
| Pretax Margin % | -254.57% | -91913.22% | -21146.36% | -96105.59% | -966.72% |
| Income Tax | -17.73M | 44.93K | 63.41K | 38.77K | -26.75K |
| Effective Tax Rate % | 14.88% | -0.03% | -0.21% | -0.04% | 0.07% |
| Net Income | -101.41M | -172.65M | -30.74M | -110.71M | -37.72M |
| Net Margin % | -216.69% | -91937.18% | -21189.79% | -96139.25% | -966.03% |
| Net Income Growth % | 41.26% | -461.71% | 72.24% | -193.52% | - |
| Net Income (Continuing) | -101.41M | -172.65M | -30.74M | -110.71M | -37.72M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.38 | -24.22 | -0.20 | -0.60 | -0.04 |
| EPS Growth % | 98.43% | -12010% | 66.67% | -1301.87% | - |
| EPS (Basic) | -0.38 | -24.22 | -0.20 | -5.35 | -0.04 |
| Diluted Shares Outstanding | 267.98M | 7.13M | 12.97M | 20.71M | 21.84M |
| Basic Shares Outstanding | 267.98M | 7.13M | 12.97M | 20.71M | 21.84M |
| Dividend Payout Ratio | - | - | - | - | - |
Unsustainable Operating Burn Rate
As reported in recent financial statements, RZLV achieved a 601.5% revenue increase in 2025Q4, signaling a rapid transition from negligible historical figures to a more substantial enterprise-scale deployment phase that warrants careful scrutiny regarding the sustainability of such aggressive top-line expansion in future reporting periods.
The dramatic revenue acceleration suggests that the company is successfully activating major partner contracts or enterprise deployments. However, investors should monitor whether this growth is driven by recurring platform fees or one-time implementation charges, as the latter would imply a less durable revenue base.
Based on the company's reported figures, gross margins have fluctuated significantly, settling at 61.4% in 2025Q4, which reflects the inherent variability in early-stage software infrastructure costs and the ongoing challenge of achieving consistent unit economics as the platform scales across diverse real-world commerce environments.
While a 61.4% gross margin is generally healthy for a software firm, the volatility observed between periods suggests that the cost structure is not yet optimized. This may indicate that cloud computing resources or third-party integration fees are scaling inconsistently with transaction volume.
According to the latest income statement data, RZLV's operating margin of -134.5% in 2025Q4 highlights a significant disconnect between revenue generation and overhead, as SG&A expenses continue to dwarf gross profit, indicating that the company has yet to achieve the necessary scale to leverage its fixed costs.
The current operating structure appears to prioritize aggressive customer acquisition over immediate profitability. Without a substantial increase in transaction density, the company may continue to face significant pressure on its operating margins as it attempts to build out its infrastructure.
As indicated by the financial disclosures, RZLV recorded $9.1M in stock-based compensation during 2025Q4, a figure that significantly impacts the net loss of $43.6M and suggests that reported earnings quality is heavily influenced by non-cash equity incentives rather than purely operational performance metrics.
The reliance on stock-based compensation as a primary expense component warrants further investigation into the company's long-term incentive alignment. Investors should be cautious, as these non-cash charges mask the true extent of the cash-based operating losses currently being incurred.
Based on the reported figures, the company's reliance on a $111M cash position to fund a -216.69% net margin suggests that RZLV is currently operating in a high-burn environment that may necessitate further capital raises, potentially leading to significant shareholder dilution if operational profitability is not achieved.
Short-sellers would likely focus on the widening gap between revenue growth and cash consumption, which suggests that the current business model is not yet self-sustaining. The lack of a clear path to positive operating cash flow implies that the company remains highly sensitive to capital market conditions.
Quick answers to the most common questions about buying RZLV stock.
For fiscal year 2025, Rezolve AI PLC (RZLV) reported total revenue of $46.8M. This represents a 1098.6% increase compared to $3.9M in 2021.
Rezolve AI PLC (RZLV) reported a net loss of $101.4M for the fiscal year ending 2025.
Rezolve AI PLC (RZLV) reported an operating income of $-86.9M, resulting in an operating profit margin of -185.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Rezolve AI PLC (RZLV) generated $30.9M in gross profit for the year, representing a gross profit margin of 66.0%. This demonstrates the company's core pricing power and production efficiency.