GIFT on Nasdaq
GIFTIFY, INC.
American retail-catalog and mail-order houses company, incorporated in Delaware. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerGIFT on Nasdaq1
- IndustryRetail-Catalog & Mail-Order Houses1
- HeadquartersSchaumburg, Illinois1
- Incorporated inDE2
- Business address1100 E Woodfield Road, Suite 510, Schaumburg, Il 601722
- Filer category, Emerging growth company2
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Company as a key player in the industry with a strategic vision for continued growth and success.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Card Cash Gift Cards brought in 97% of the revenue GIFTIFY, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Card Cash Gift Cards | $87.0M | $80.9M |
| Restaurant.com Gift Cards and Coupons | $1.9M | $2.2M |
| Advertising | $73.1K | $112.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue75¢$67.7M
- Selling, general and admin25¢$22.9M
Out of $83.2M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Sales | $83.2M | $88.9M |
| Cost of sales | $67.7M | $75.8M |
| Gross profit | $15.5M | $13.1M |
| Selling, general and administrative expenses | $22.9M | $27.6M |
| Depreciation of capitalized software costs | $645.4K | $1.5M |
| Amortization of intangible assets | $2.3M | $2.4M |
| Total operating expenses | $25.9M | $31.5M |
| Loss from operations | -$10.4M | -$18.4M |
| Interest income | $15.5K | |
| Interest expense | -$604.8K | -$1.0M |
| Financing costs | -$95.0K | -$131.0K |
| Other income | $38.5K | |
| Total other expense, net | -$645.7K | -$1.1M |
| Net loss before income tax benefit | -$11.0M | -$19.5M |
| Income tax benefit | $508.8K | $677.0K |
| Net loss | -$10.5M | -$18.8M |
| Net loss per share basic | -$0.35 | -$0.73 |
| Net loss per share diluted | -$0.35 | -$0.73 |
| Weighted average common shares outstanding - basic | 29.8M shares | 25.7M shares |
| Weighted average common shares outstanding - diluted | 29.8M shares | 25.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents (includes restricted cash of $1,000,000 and $1,250,000 at December 31, 2025 and 2024, respectively) | $3.7M | $4.3M | |
| Accounts receivable | $142.9K | $164.7K | |
| Inventories, net | $3.8M | $4.1M | |
| Prepaid expenses and other current assets | $196.1K | $63.2K | |
| Total current assets | $7.7M | $8.6M | |
| Property and equipment, net | $443.8K | $1.1M | |
| Operating lease right-of- use asset, net | $1.1M | $1.4M | |
| Deposits | $68.2K | $65.6K | |
| Intangible assets, net | $2.5M | $4.3M | |
| Goodwill | $20.0M | $20.0M | |
| Total assets | $31.8M | $35.5M | |
| Accounts payable | $1.8M | $2.0M | |
| Accrued expenses | $1.9M | $1.8M | |
| Customer deposits | $2.0K | $95.0K | |
| Deferred revenue | $130.4K | $77.1K | |
| Secured revolving line of credit | $3.2M | $3.8M | |
| Convertible promissory note | $46.1K | $43.1K | |
| Secured notes payable related party, net of debt discount of $0 and $4,000, at December 31, 2025 and 2024, respectively | $2.1M | ||
| Notes payable, current portion | $12.2K | $1.7M | |
| Operating lease liability, current portion | $358.9K | $316.6K | |
| Total current liabilities | $7.5M | $11.9M | |
| Notes payable, net of current portion | $651.3K | $615.0K | |
| Deferred income taxes | $608.0K | $1.1M | |
| Operating lease liability, net of current portion | $774.5K | $1.1M | |
| Total liabilities | $9.5M | $14.7M | |
| Common stock, $0.001 par value, 750,000,000 shares authorized; 33,146,517 and 27,021,423 shares issued and outstanding at December 31, 2025 and 2024, respectively | $33.1K | $27.0K | |
| Additional paid-in-capital | $120.7M | $108.7M | |
| Common stock issuable, 350,843 and 350,843 shares, respectively | $350.8K | $350.8K | |
| Accumulated deficit | -$98.8M | -$88.3M | |
| Total stockholders equity | $22.3M | $20.8M | $24.3M |
| Total liabilities and stockholders equity | $31.8M | $35.5M | |
| Restricted cash | $1.0M | $1.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | |
| Common stock, shares issued | 33.1M shares | 27.0M shares | |
| Common stock, shares outstanding | 33.1M shares | 27.0M shares | |
| Common stock issuable, shares | 350.8K shares | 350.8K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents (includes restricted cash of $1,000,000 and $1,250,000 at December 31, 2025 and 2024, respectively) | $3.7M | $4.3M | |
| Accounts receivable | $142.9K | $164.7K | |
| Inventories, net | $3.8M | $4.1M | |
| Prepaid expenses and other current assets | $196.1K | $63.2K | |
| Total current assets | $7.7M | $8.6M | |
| Property and equipment, net | $443.8K | $1.1M | |
| Operating lease right-of- use asset, net | $1.1M | $1.4M | |
| Deposits | $68.2K | $65.6K | |
| Intangible assets, net | $2.5M | $4.3M | |
| Goodwill | $20.0M | $20.0M | |
| Total assets | $31.8M | $35.5M | |
| Accounts payable | $1.8M | $2.0M | |
| Accrued expenses | $1.9M | $1.8M | |
| Customer deposits | $2.0K | $95.0K | |
| Deferred revenue | $130.4K | $77.1K | |
| Secured revolving line of credit | $3.2M | $3.8M | |
| Convertible promissory note | $46.1K | $43.1K | |
| Secured notes payable related party, net of debt discount of $0 and $4,000, at December 31, 2025 and 2024, respectively | $2.1M | ||
| Notes payable, current portion | $12.2K | $1.7M | |
| Operating lease liability, current portion | $358.9K | $316.6K | |
| Total current liabilities | $7.5M | $11.9M | |
| Notes payable, net of current portion | $651.3K | $615.0K | |
| Deferred income taxes | $608.0K | $1.1M | |
| Operating lease liability, net of current portion | $774.5K | $1.1M | |
| Total liabilities | $9.5M | $14.7M | |
| Common stock, $0.001 par value, 750,000,000 shares authorized; 33,146,517 and 27,021,423 shares issued and outstanding at December 31, 2025 and 2024, respectively | $33.1K | $27.0K | |
| Additional paid-in-capital | $120.7M | $108.7M | |
| Common stock issuable, 350,843 and 350,843 shares, respectively | $350.8K | $350.8K | |
| Accumulated deficit | -$98.8M | -$88.3M | |
| Total stockholders equity | $22.3M | $20.8M | $24.3M |
| Total liabilities and stockholders equity | $31.8M | $35.5M | |
| Restricted cash | $1.0M | $1.2M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | |
| Common stock, shares issued | 33.1M shares | 27.0M shares | |
| Common stock, shares outstanding | 33.1M shares | 27.0M shares | |
| Common stock issuable, shares | 350.8K shares | 350.8K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$10.5M | -$18.8M |
| Fair value of vested stock options | $3.7M | $8.0M |
| Fair value of vested restricted common stock | $2.1M | $2.7M |
| Fair value of common stock issued for services | $575.7K | $771.5K |
| Loss on fair value of common stock issued for settlement of vendor | $33.8K | $135.4K |
| Fair value of common stock issued as financing costs | $131.0K | |
| Change in inventory reserve balance | -$25.0K | -$61.0K |
| Depreciation of capitalized software costs | $646.2K | $1.5M |
| Right-of-use assets | $318.2K | $304.5K |
| Amortization of intangible assets | $2.3M | $2.4M |
| Amortization of debt discount | $19.0K | $18.0K |
| Accrued interest | -$151.2K | $131.4K |
| Accounts receivable | $80.9K | -$66.2K |
| Inventories | $389.6K | $97.1K |
| Prepaid expenses and other current assets | -$132.9K | $113.9K |
| Accounts payable | -$76.4K | -$236.7K |
| Accrued expenses | $96.4K | $592.7K |
| Customer deposits | -$93.0K | $95.0K |
| Deferred revenue | $53.3K | -$259.9K |
| Deferred taxes | -$515.0K | -$677.0K |
| Operating lease liability | -$316.6K | -$282.9K |
| Net cash used in operating activities | -$1.6M | -$3.4M |
| Cash received on acquisition | $109.5K | |
| Net cash provided by investing activities | $109.5K | |
| Proceeds from line of credit | $135.7M | $104.8M |
| Repayment of line of credit | -$136.3M | -$107.7M |
| Proceeds from note payable | $985.0K | |
| Repayment of notes payable | -$2.6M | -$26.3K |
| Proceeds from notes payable related party | $2.0M | |
| Repayment of notes payable related party | -$2.0M | |
| Proceeds from sale of common stock, net of expenses, under at-the-market sale agreement | $1.7M | $286.1K |
| Proceeds from sale of common stock, net of expenses, under stock purchase agreement | $374.5K | $200.0K |
| Proceeds from public offering of common stock | $478.0K | |
| Proceeds from private offering of common stock | $2.4M | $3.0M |
| Repayment of acquisition obligation | -$500.0K | |
| Net cash provided by financing activities | $833.6K | $2.0M |
| Net decrease in cash and cash equivalents | -$646.9K | -$1.4M |
| Interest paid | $431.8K | $705.0K |
| Taxes paid | $6.2K | |
| Common shares issued for acquisition | $609.0K | |
| Common shares issued for trade accounts payable | $108.8K | $150.0K |
| Issuance of common stock issued for common stock issuable | $32.5K | |
| Accounts receivable from acquisition | $59.1K | |
| Intangible assets from acquisition | $491.2K | |
| Deposits from acquisition | $2.6K | |
| Accounts payable from acquisition | $500 | |
| Accrued expenses from acquisition | $53.0K | |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | $1.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led GIFTIFY, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief operating officer
- Chief executive officerElliot Bohm Mar 23, 2026 to now10
- Chief executive officerKetan Thakker Oct 10, 2024 to Mar 23, 202611
- PresidentKetan Thakker Oct 10, 2024 to Oct 10, 202411
- Chief operating officerAri Marc Ackerman Mar 23, 2026 to now12
Board members and other officers (6)
- CTOBalazs Wellisch Oct 23, 2024 to Oct 23, 202413
- Board memberAri Marc Ackerman Mar 23, 2026 to now12
- Board memberElliot Bohm Mar 23, 2026 to now10
- Board memberKetan Thakker Oct 10, 2024 to now11
- Board memberPaul K. Danner Oct 10, 2024 to Oct 10, 202414
- Board memberBalazs Wellisch Oct 23, 2024 to Oct 23, 202415
Former names
Timeline
Filings
119 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 24 major events, 36 insider forms, 2 large holders, 37 other. The latest 20:
- Oct 7, 2026PRE 14A EDGAR
- Sep 25, 20264 EDGAR
- Sep 24, 20264 EDGAR
- Sep 17, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Aug 7, 20268-K EDGAR
- Aug 3, 2026144 EDGAR
- Aug 3, 202610-Q EDGAR
- Jul 2, 2026144 EDGAR
- Jun 11, 2026144 EDGAR
- May 12, 202610-Q EDGAR
- May 7, 20264 EDGAR
- May 6, 20264 EDGAR
- May 1, 2026144 EDGAR
- Apr 28, 20268-K EDGAR
- Apr 10, 202610-K/A 10-K EDGAR
- Apr 9, 2026144/A EDGAR
- Apr 1, 2026144 EDGAR
- Mar 27, 20268-K EDGAR
The 119 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
38 open-market trades by officers, directors and large owners since October 2021: 15 buys and 23 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.00 | $1.0K | Form 4 |
| Jul 2, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.00 | $1.0K | Form 4 |
| Jun 10, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.00 | $1.0K | Form 4 |
| May 3, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.00 | $1.0K | Form 4 |
| Apr 1, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.00 | $1.0K | Form 4 |
| Mar 23, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 437 | $1.00 | $437 | Form 4 |
| Mar 18, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.00 | $1.0K | Form 4 |
| Feb 26, 2026 | HI Technology Corp | Sale | 17,610 | $0.93 | $16.4K | Form 4 |
| Feb 2, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.05 | $1.1K | Form 4 |
| Jan 2, 2026 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.07 | $1.1K | Form 4 |
| Dec 8, 2025 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.11 | $1.1K | Form 4 |
| Nov 6, 2025 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.04 | $1.0K | Form 4 |
| Oct 6, 2025 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.05 | $1.1K | Form 4 |
| Sep 8, 2025 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.05 | $1.1K | Form 4 |
| Aug 22, 2025 | Handy SteveCFO | Buy | 3,136 | $1.06 | $3.3K | Form 4 |
| Aug 21, 2025 | Thakker KetanCEO | Buy | 1,000 | $1.08 | $1.1K | Form 4 |
| Aug 21, 2025 | Handy SteveCFO | Buy | 18,664 | $1.06 | $19.8K | Form 4 |
| Aug 18, 2025 | Handy SteveCFO | Buy | 120 | $1.06 | $127 | Form 4 |
| Aug 15, 2025 | Handy SteveCFO | Buy | 1,281 | $1.05 | $1.3K | Form 4 |
| Aug 6, 2025 | Miller Timothy WilliamVice President, Sales | Sale | 1,000 | $1.01 | $1.0K | Form 4 |
All 38 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Interactive Communications International, Inc.SCHEDULE 13G, 1 filing Jun 30, 202516
- Eldridge Industries, LLCSC 13G, 1 filing Feb 28, 202417
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Security Benefit Life Insurance Co /ks/ | 2,470,479 | $2.3M | 1.3% | No change |
| Vanguard Capital Management LLC | 384,652 | $364.6K | 0.0% | +1,800 |
| Geode Capital Management, LLC | 180,769 | $171.4K | 0.0% | −27,208 |
| Henrickson Nauta Wealth Advisors, Inc. | 142,398 | $135.0K | 0.0% | No change |
| Blair William & Co/il | 128,553 | $121.9K | 0.0% | No change |
| Vanguard Fiduciary Trust Co | 100,606 | $95.4K | 0.0% | No change |
| Elevation Point Wealth Partners, LLC | 100,000 | $94.8K | 0.0% | No change |
| BlackRock, Inc. | 86,196 | $81.7K | 0.0% | +22,744 |
| Citadel Advisors LLC | 48,669 | $46.1K | 0.0% | New |
| Northern Trust Corp | 39,094 | $37.1K | 0.0% | +9,964 |
| Vanguard Global Advisers, LLC | 9,831 | $9.3K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 6,382 | $6.0K | 0.0% | +3,729 |
| UBS Group AG | 707 | $670 | 0.0% | +615 |
| Barclays PLC | 560 | $531 | 0.0% | New |
| Citigroup Inc | 22 | $21 | 0.0% | +21 |
| Hrt Financial LP | 10,068 | $9 | 0.0% | New |
| Provenance Wealth Advisors, LLC | 1 | $1 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARGIFTIFY, INC. filings on SEC EDGAR
- 2SEC EDGARGIFTIFY, INC. filings on SEC EDGAR
- 3
- 4SEC EDGARGIFTIFY, INC. 10-K for fiscal 2025
- 5SEC EDGARGIFTIFY, INC. 10-K for fiscal 2021
- 6SEC EDGARGIFTIFY, INC. 10-K for fiscal 2023
- 7SEC EDGARGIFTIFY, INC. 10-K for fiscal 2022
- 8SEC EDGARGIFTIFY, INC. 10-Q for fiscal 2026
- 9SEC EDGARGIFTIFY, INC. 10-Q for fiscal 2026
- 10SEC EDGARElliot Bohm, Chief executive officer
- 11
- 12
- 13SEC EDGARBalazs Wellisch, CTO
- 14SEC EDGARPaul K. Danner, Board member
- 15SEC EDGARBalazs Wellisch, Board member
- 16
- 17