The company exhibits extreme operational inefficiency, with a 2025Q3 operating margin of -27,519.3% and SG&A expenses of $10.5M dwarfing the $385 in quarterly revenue.
| Sales/Revenue | 707 | 741 | 2.05K | 2.42K | 2.45K | 0 |
| Revenue Growth % | 235.07% | -63.82% | -15.41% | -1.02% | - | - |
| Cost of Goods Sold | 34.21K | 0 | 144 | 439 | 0 | 0 |
| COGS % of Revenue | - | - | 7.03% | 18.13% | - | - |
| Gross Profit | -33.51K | 741 | 1.9K | 1.98K | 2.45K | 0 |
| Gross Margin % | -4739.04% | 100% | 92.97% | 81.87% | 100% | - |
| Gross Profit Growth % | - | -61.08% | -3.94% | -18.97% | - | - |
| Operating Expenses | 16.6M | 3.95M | 2.52M | 1.21M | 842.22K | 3.78K |
| OpEx % of Revenue | - | 532613.09% | 123092.48% | 50086.58% | 34432.34% | - |
| Selling, General & Admin | 16.18M | 3.6M | 1.98M | 643.03K | 123.95K | 1K |
| SG&A % of Revenue | - | 486234.82% | 96603.91% | 26560.43% | 5067.66% | - |
| Research & Development | 299.19K | 244.91K | 513.09K | 567.41K | 716.52K | 2.78K |
| R&D % of Revenue | - | 33051.15% | 25053.13% | 23436.93% | 29293.7% | - |
| Other Operating Expenses | 122.35K | 98.32K | 29.4K | 2.16K | 1.74K | 0 |
| Operating Income | -16.64M | -3.95M | -2.52M | -1.21M | -839.77K | -3.78K |
| Operating Margin % | -2353046.96% | -532513.09% | -122999.51% | -50004.71% | -34332.34% | - |
| Operating Income Growth % | - | -56.64% | -108.08% | -44.16% | -22098.49% | - |
| EBITDA | -16.48M | -3.85M | -2.49M | -1.21M | -838.03K | -3.78K |
| EBITDA Margin % | -2330961.53% | -519244.94% | -121564.06% | -49915.49% | -34261.37% | - |
| EBITDA Growth % | -928.07% | -54.55% | -106.02% | -44.2% | -22052.6% | - |
| D&A (Non-Cash Add-back) | 156.14K | 98.32K | 29.4K | 2.16K | 1.74K | 0 |
| EBIT | -16.48M | -3.93M | -3.25M | -1.48M | -839.77K | -3.78K |
| Net Interest Income | 176.9K | -53.98K | -73.5K | -25.86K | -17.49K | 9.52K |
| Interest Income | 275.6K | 16.46K | 0 | 0 | 0 | 11.42K |
| Interest Expense | 98.7K | 70.44K | 73.5K | 25.86K | 17.49K | 1.9K |
| Other Income/Expense | 151.85K | -53.98K | -805.15K | -294.07K | -17.49K | -1.9K |
| Pretax Income | -16.48M | -4M | -3.32M | -1.5M | -857.25K | -5.69K |
| Pretax Margin % | -2331427.16% | -539798.25% | -162313.48% | -62151.22% | -35047.22% | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -16.48M | -4M | -3.32M | -1.5M | -857.25K | -5.69K |
| Net Margin % | -2331427.16% | -539798.25% | -162313.48% | -62151.22% | -35047.22% | - |
| Net Income Growth % | -881.2% | -20.33% | -120.92% | -75.52% | -14973.94% | - |
| Net Income (Continuing) | -16.48M | -4M | -3.32M | -1.5M | -857.25K | -5.69K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.72 | -0.50 | -0.47 | -0.20 | -0.14 | -0.00 |
| EPS Growth % | -536.8% | -6.38% | -135% | -42.86% | - | - |
| EPS (Basic) | - | -0.50 | -0.43 | -0.20 | -0.14 | -0.00 |
| Diluted Shares Outstanding | 9.56M | 8M | 7.12M | 6.22M | 6.12M | 6.12M |
| Basic Shares Outstanding | 9.56M | 8M | 7.66M | 6.22M | 6.12M | 6.12M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Unsustainable cash burn rate
As reported in recent financial filings, Thumzup's quarterly revenue remains highly volatile, fluctuating between nominal figures like $15 and $385, which suggests the company has yet to establish a repeatable or scalable business model for its social media placement services within the competitive advertising landscape.
The extreme quarter-over-quarter variance in top-line results indicates that the company is likely operating on a series of disconnected pilot programs rather than a consistent revenue stream. Investors should monitor whether the company can move beyond these nominal amounts, as the current trajectory appears insufficient to support the existing corporate overhead.
Based on the provided income statement data, the company's SG&A expenses reached $10.5M in 2025Q3, a figure that dwarfs the $385 in revenue, highlighting a severe lack of expense discipline relative to the company's current ability to generate commercial value from its platform.
The massive disparity between administrative spending and top-line contributions suggests that the current cost structure is built for a scale that has not yet materialized. This misalignment warrants further investigation into whether the company's fixed costs are being managed with a focus on long-term viability or if they represent an unsustainable burn of capital.
According to the latest quarterly reports, the company's operating margin of -27,519.3% in 2025Q3 demonstrates that operating income is not scaling with revenue, but rather contracting as the firm continues to incur significant costs without achieving the necessary volume to amortize its fixed infrastructure.
The lack of operating leverage implies that every incremental dollar of revenue is currently accompanied by disproportionate increases in operating expenses. This pattern suggests that the business model may face structural hurdles in achieving profitability, as the cost of maintaining the platform appears to be largely independent of the revenue generated.
As indicated by the 100% gross margin reported in most periods, the company's accounting treatment of influencer payouts may be masking the true cost of revenue, which could lead to an overestimation of the platform's potential for future profitability and long-term scalability.
Short-sellers would likely focus on the possibility that the company's '100% gross margin' is an artifact of accounting choices rather than a reflection of true software efficiency. If influencer incentives are eventually reclassified as COGS, the company's unit economics may appear even more challenged than the current headline figures suggest.
Quick answers to the most common questions about buying TZUP stock.
For fiscal year 2024, Thumzup Media Corporation (TZUP) reported total revenue of $0.0M.
Thumzup Media Corporation (TZUP) reported a net loss of $4.0M for the fiscal year ending 2024.
Thumzup Media Corporation (TZUP) reported an operating income of $-3.9M, resulting in an operating profit margin of -532513.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Thumzup Media Corporation (TZUP) generated $0.0M in gross profit for the year, representing a gross profit margin of 100.0%. This demonstrates the company's core pricing power and production efficiency.