Ryvyl (RVYL) Operating Expenses (2010 - 2025)

Ryvyl (RVYL) reported Operating Expenses of $5.0 million for Q4 2025, down 36.25% year-over-year from $7.8 million in Q4 2024, and up 55.37% quarter-over-quarter from $3.2 million in Q3 2025.

Ryvyl (RVYL) Operating Expenses (2010 - 2025) Analysis & Trends

Ryvyl (RVYL) has 16 years of Operating Expenses data on file, last reported at $5.0 million in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $5.0 million, down 36.25% year-over-year; the trailing twelve-month figure through Dec 2025 was $20.2 million (down 43.67% YoY), and the FY2025 annual result was $18.5 million, down 46.68% from the prior year.
  • Operating Expenses grew to $5.0 million in Q4 2025 per RVYL's latest filing, from $3.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $24.4 million in Q4 2022 and troughed at $3.2 million in Q3 2025.
  • A 5-year average of $9.7 million and a median of $8.9 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2021 and 2025: Operating Expenses soared 1075.74% in 2021, then plunged 68.86% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $19.5 million in 2021, then increased by 25.58% to $24.4 million in 2022, then tumbled by 56.5% to $10.6 million in 2023, then declined by 26.52% to $7.8 million in 2024, then slumped by 36.25% to $5.0 million in 2025.
  • Business Quant data shows RVYL's Operating Expenses at $5.0 million in Q4 2025, $3.2 million in Q3 2025, and $4.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 245.77 Bn 227.80 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 173.38 Bn 170.83 Bn - -269.42 Mn
3 Salesforce 149.14 Bn 137.30 Bn 8.56 Bn 6.22 Bn
4 Uber Technologies 141.25 Bn 140.21 Bn 11.88 Bn 11.28 Bn
5 Shopify 141.09 Bn 135.35 Bn 1.55 Bn 1.16 Bn
6 ServiceNow 109.96 Bn 104.78 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 104.55 Bn 103.15 Bn 1.26 Bn 1.04 Bn
8 Adobe 95.76 Bn 88.87 Bn 5.73 Bn 3.32 Bn
9 Automatic Data Processing 93.36 Bn 90.13 Bn 2.87 Bn 4.23 Bn
10 Ryvyl - - 1.33 Mn 4.98 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 4.98 Mn
Sep 30, 2025 3.20 Mn
Jun 30, 2025 4.51 Mn
Mar 31, 2025 7.56 Mn
Dec 31, 2024 7.81 Mn
Sep 30, 2024 4.73 Mn
Jun 30, 2024 14.47 Mn
Mar 31, 2024 8.94 Mn
Dec 31, 2023 10.63 Mn
Sep 30, 2023 9.04 Mn
Jun 30, 2023 9.65 Mn
Mar 31, 2023 8.79 Mn
Dec 31, 2022 24.43 Mn
Sep 30, 2022 9.42 Mn
Jun 30, 2022 11.60 Mn
Mar 31, 2022 8.51 Mn
Dec 31, 2021 19.45 Mn
Sep 30, 2021 8.38 Mn
Jun 30, 2021 5.09 Mn
Mar 31, 2021 12.52 Mn