ONFO on Nasdaq
Onfolio Holdings, Inc
Onfolio Holdings Inc. was incorporated on July 20, 2020 under the laws of Delaware to acquire and develop high-growth and profitable online businesses.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerONFO on Nasdaq2
- IndustryServices-Computer Processing & Data Preparation2
- HeadquartersWilmington, United States2
- Incorporated inDE3
- Business address1007 North Orange Street 4Th Floor, Wilmington, De 198013
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI529900E0BJGEK8AV2E662
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o NORTHWEST REGISTERED AGENT SERVICE, INC., 8 THE GREEN, STE B, 19901 Dover, United States2
- Registered withDivision of Corporations, Department of State, 32717082
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Onfolio Holdings Inc. was incorporated on July 20, 2020 under the laws of Delaware to acquire and develop high-growth and profitable online businesses. Unless the context otherwise requires, all references to “our Company,” “we,” “our” or “us” and other similar terms means Onfolio Holdings Inc., a Delaware corporation, and our wholly owned subsidiaries.4 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
59.9%Gross margin5
-25.7%Operating margin5
-24.1%Net margin5
36.5%Revenue growth, 20255
-104.4%Return on equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Digital Product Sales brought in 48% of the revenue Onfolio Holdings, Inc broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Digital Product Sales | $2.7M | $3.0M |
| Advertising | $3.6M | $2.9M |
| Product | $539.1K | $327.9K |
Business segments
B2B brought in 66% of the revenue Onfolio Holdings, Inc broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| B2B | $4.4M | $7.1M |
| B2C | $3.5M | $3.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue36¢$4.3M
- Selling, general and admin63¢$7.5M
- Income tax0¢$17.4K
Out of $10.7M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue, services | $7.4M | $4.7M |
| Revenue, product sales | $3.3M | $3.2M |
| Total Revenue | $10.7M | $7.9M |
| Cost of revenue, services | $3.9M | $2.6M |
| Cost of revenue, product sales | $389.6K | $708.1K |
| Total cost of revenue | $4.3M | $3.3M |
| Gross profit | $6.4M | $4.5M |
| Selling, general and administrative | $7.5M | $5.7M |
| Professional fees | $1.2M | $948.8K |
| Impairment of goodwill and intangible assets | $440.0K | $121.0K |
| Acquisition costs | $68.6K | $264.7K |
| Total operating expenses | $9.2M | $7.1M |
| Loss from operations | -$2.8M | -$2.5M |
| Equity method income | $767 | -$4.8K |
| Dividend income | $26.1K | $12.2K |
| Interest income (expense), net | -$498.4K | -$101.7K |
| Change in fair value of digital assets | -$226.8K | $0 |
| Change in fair value of derivative liabilities | $1.1M | $0 |
| Other Income | $2.1K | $6.2K |
| Impairment of investments | -$294.0K | $0 |
| Change in fair value of contingent consideration | $111.8K | $368.5K |
| Gain on sale of subsidiary | $0 | $453.6K |
| Total other income | $200.6K | $733.9K |
| Loss before income taxes | -$2.6M | -$1.8M |
| Income tax (provision) benefit | $17.4K | $0 |
| Net loss | -$2.5M | -$1.8M |
| Net loss attributable to noncontrolling interest | -$48.3K | $7.7K |
| Net loss attributable to Onfolio Holdings Inc. | -$2.6M | -$1.8M |
| Preferred Dividends | -$474.9K | -$354.2K |
| Net loss to common shareholders | -$3.1M | -$2.1M |
| Basic and diluted | -$0.58 | -$0.41 |
| Basic and diluted | 5.3M shares | 5.1M 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.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $2.2M | $476.9K | $982.3K |
| Accounts receivable, net | $476.6K | $755.8K | |
| Inventory | $44.8K | $65.9K | |
| Prepaids and other current assets | $227.2K | $138.0K | |
| Total Current Assets | $2.9M | $1.4M | |
| Intangible assets | $1.7M | $3.3M | |
| Goodwill | $4.2M | $4.2M | |
| Fixed assets | $3.4K | $5.1K | |
| Due from related party | $95.2K | $126.5K | |
| Investment in digital assets | $2.3M | $9.5K | |
| Investment in unconsolidated joint ventures, cost method | $188.0K | $213.0K | |
| Investment in unconsolidated joint ventures, equity method | $0 | $268.2K | |
| Total Assets | $11.4M | $9.6M | |
| Accounts payable and other current liabilities | $1.1M | $969.1K | |
| Dividends payable | $121.8K | $100.8K | |
| Notes payable - current | $487.7K | $312.6K | |
| Notes payable - related parties, current | $897.9K | $790.0K | |
| Contingent consideration | $164.4K | $981.6K | |
| Deferred revenue | $497.1K | $589.9K | |
| Derivative liability | $3.5M | $0 | |
| Total Current Liabilities | $6.7M | $4.2M | |
| Notes payable | $0 | $450.0K | |
| Notes payable - related parties | $480.1K | $1.0M | |
| Convertible notes, net of discount | $276.3K | $0 | |
| Total Liabilities | $7.5M | $5.2M | |
| Common stock, $0.001 par value, 50,000,000 shares authorized, 5,863,214 and 5,127,395 issued and outstanding at December 31, 2025 and 2024; | $5.9K | $5.1K | |
| Additional paid-in capital | $24.5M | $22.3M | |
| Accumulated other comprehensive income | $91.1K | $68.1K | |
| Accumulated deficit | -$22.1M | -$19.1M | |
| Total Onfolio Inc. stockholders' equity | $2.5M | $3.3M | |
| Non-Controlling Interests | $1.4M | $1.0M | |
| Total Stockholders' Equity | $3.9M | $4.3M | $4.3M |
| Total Liabilities and Stockholders' Equity | $11.4M | $9.6M | |
| Preferred Stock, Par Value | $0.00 | $0.00 | |
| Preferred Stock, Shares Authorized | 5.0M shares | 5.0M shares | |
| Common Stock Par Value | $0.00 | $0.00 | |
| Common Stock, Shares Authorized | 50.0M shares | 50.0M shares | |
| Common Stock, Shares Issued | 5.9M shares | 5.1M shares | |
| Common Stock, Shares Outstanding | 5.9M shares | 5.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $2.2M | $476.9K | $982.3K |
| Accounts receivable, net | $476.6K | $755.8K | |
| Inventory | $44.8K | $65.9K | |
| Prepaids and other current assets | $227.2K | $138.0K | |
| Total Current Assets | $2.9M | $1.4M | |
| Intangible assets | $1.7M | $3.3M | |
| Goodwill | $4.2M | $4.2M | |
| Fixed assets | $3.4K | $5.1K | |
| Due from related party | $95.2K | $126.5K | |
| Investment in digital assets | $2.3M | $9.5K | |
| Investment in unconsolidated joint ventures, cost method | $188.0K | $213.0K | |
| Investment in unconsolidated joint ventures, equity method | $0 | $268.2K | |
| Total Assets | $11.4M | $9.6M | |
| Accounts payable and other current liabilities | $1.1M | $969.1K | |
| Dividends payable | $121.8K | $100.8K | |
| Notes payable - current | $487.7K | $312.6K | |
| Notes payable - related parties, current | $897.9K | $790.0K | |
| Contingent consideration | $164.4K | $981.6K | |
| Deferred revenue | $497.1K | $589.9K | |
| Derivative liability | $3.5M | $0 | |
| Total Current Liabilities | $6.7M | $4.2M | |
| Notes payable | $0 | $450.0K | |
| Notes payable - related parties | $480.1K | $1.0M | |
| Convertible notes, net of discount | $276.3K | $0 | |
| Total Liabilities | $7.5M | $5.2M | |
| Common stock, $0.001 par value, 50,000,000 shares authorized, 5,863,214 and 5,127,395 issued and outstanding at December 31, 2025 and 2024; | $5.9K | $5.1K | |
| Additional paid-in capital | $24.5M | $22.3M | |
| Accumulated other comprehensive income | $91.1K | $68.1K | |
| Accumulated deficit | -$22.1M | -$19.1M | |
| Total Onfolio Inc. stockholders' equity | $2.5M | $3.3M | |
| Non-Controlling Interests | $1.4M | $1.0M | |
| Total Stockholders' Equity | $3.9M | $4.3M | $4.3M |
| Total Liabilities and Stockholders' Equity | $11.4M | $9.6M | |
| Preferred Stock, Par Value | $0.00 | $0.00 | |
| Preferred Stock, Shares Authorized | 5.0M shares | 5.0M shares | |
| Common Stock Par Value | $0.00 | $0.00 | |
| Common Stock, Shares Authorized | 50.0M shares | 50.0M shares | |
| Common Stock, Shares Issued | 5.9M shares | 5.1M shares | |
| Common Stock, Shares Outstanding | 5.9M shares | 5.1M 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.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$2.5M | -$1.8M |
| Stock-based compensation expense | $240.7K | $56.9K |
| Equity method (income) loss | -$767 | $4.8K |
| Depreciation expense | $1.7K | $0 |
| Amortization of debt discounts and debt issuance costs | $140.7K | $0 |
| Gain on sale of subsidiary | $0 | -$453.6K |
| Change in fair value of contingent consideration | -$111.8K | -$368.5K |
| Amortization of intangible assets | $1.2M | $906.7K |
| Change in fair value of digital assets | $229.1K | $0 |
| Earnings on digital assets | -$2.3K | $0 |
| Change in fair value of derivative liabilities | -$1.1M | $0 |
| Impairment of intangible assets | $440.0K | $121.0K |
| Impairment of Investment | $294.0K | $0 |
| Accounts receivable | $286.6K | -$282.0K |
| Inventory | $21.1K | $26.8K |
| Prepaids and other current assets | -$89.2K | $4.9K |
| Accounts payable and other current liabilities | $97.6K | $477.2K |
| Due to joint ventures | $31.3K | $24.4K |
| Deferred revenue | -$92.8K | $86.8K |
| Net cash used in operating activities | -$938.2K | -$1.2M |
| Proceeds from sale of subsidiary | $0 | $780.0K |
| Cash paid to acquire businesses | $0 | -$255.0K |
| Investments in joint ventures | $0 | -$59.0K |
| Proceeds from sale of digital assets | $3.6K | $0 |
| Investments in digital assets | -$2.5M | -$15.0K |
| Net cash provided by (used in) investing activities | -$2.5M | $451.0K |
| Proceeds from exercise of common stock options | $0 | $13.0K |
| Proceeds from sale of Series A preferred stock | $805.0K | $20.0K |
| Proceeds from sale of common stock units | $993.4K | $0 |
| Payments of preferred dividends | -$453.9K | -$321.4K |
| Distributions to non-controlling interest holders | -$61.3K | -$20.4K |
| Proceeds from notes payable | $593.4K | $881.6K |
| Payments on note payables | -$955.8K | -$386.3K |
| Proceeds from notes payable - related parties | $61.0K | $200.0K |
| Proceeds from convertible notes payable | $4.8M | $0 |
| Payments on note payables - related parties | -$461.9K | -$1.0K |
| Payments on contingent consideration | -$195.4K | -$59.1K |
| Net cash provided by financing activities | $5.1M | $326.3K |
| Effect of foreign currency translation | $23.0K | -$114.4K |
| Net Change in Cash | $1.7M | -$505.4K |
| Income Taxes | $0 | $0 |
| Interest | $330.7K | $101.7K |
| Dividends on preferred stock | $474.9K | $354.2K |
| Non-controlling interest issued for acquisitions | $0 | $1.1M |
| Non-controlling interest issued for settlement of note payable | $400.0K | $0 |
| Settlement of contingent consideration | $510.0K | $0 |
| Common stock options issued for acquisitions | $0 | $60.0K |
| Contingent consideration issued for acquisitions | $0 | $1.3M |
| Derivative liability established for conversion feature | $4.5M | $0 |
| Preferred stock issued for acquisitions | $0 | $1.0M |
| Notes payable issued for asset acquisitions | $0 | $1.9M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Onfolio Holdings, Inc, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerDominic Benjamin James Wells Aug 26, 2022 to now11
- ChairDominic Benjamin James Wells Aug 26, 2022 to now11
- PresidentHeerden Esbe Louise Van Aug 26, 2022 to Aug 26, 202212
- Chief financial officerAdam Michael Trainor Jun 20, 2025 to now13
- Chief financial officerBraake Robertus Te Jan 9, 2023 to Jan 9, 202314
- Chief operating officerAdam Michael Trainor Jun 20, 2025 to now13
Board members and other officers (5)
- Chief Operations OfficerAdam Michael Trainor Aug 26, 2022 to Aug 26, 202215
- Head of Strategy & AcquisitionYury Byalik Sep 20, 2022 to May 30, 202316
- Board memberRobert J. Lipstein Aug 26, 2022 to now17
- Board memberDavid Christopher McKeegan Aug 29, 2022 to now18
- Board memberDominic Benjamin James Wells Nov 22, 2022 to Dec 12, 202219
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
Filings
191 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 51 major events, 30 insider forms, 18 large holders, 3 private raises, 73 other. The latest 20:
- Oct 7, 20268-K CURRENT REPORT EDGAR
- Oct 5, 20268-K CURRENT REPORT EDGAR
- Oct 5, 2026SCHEDULE 13G/A EDGAR
- Sep 22, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- Aug 27, 20268-K CURRENT REPORT EDGAR
- Aug 19, 202610-Q EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Aug 11, 20268-K EDGAR
- Aug 10, 20268-K EDGAR
- Jul 28, 20268-K EDGAR
- Jul 27, 20268-K EDGAR
- Jul 9, 20268-K EDGAR
- Jul 8, 20268-K EDGAR
- Jun 18, 2026DEFA14A DEFA 14A EDGAR
- Jun 18, 2026DEF 14A EDGAR
- Jun 10, 2026SCHEDULE 13G/A EDGAR
- Jun 8, 2026PRE 14A EDGAR
- May 29, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- May 14, 20268-K EDGAR
The 191 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
6 open-market trades by officers, directors and large owners since October 2021: 6 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 31, 2025 | Wells Dominic Benjamin JamesCEO, CRO, Chair of Board | Buy | 14,793 | $0.73 | $10.8K | Form 4 |
| Dec 30, 2025 | Wells Dominic Benjamin JamesCEO, CRO, Chair of Board | Buy | 59,707 | $0.65 | $38.8K | Form 4 |
| May 26, 2023 | Byalik YuryHead of Strategy & Acquisition | Buy | 635 | $1.17 | $743 | Form 4 |
| May 25, 2023 | Byalik YuryHead of Strategy & Acquisition | Buy | 1,269 | $1.17 | $1.5K | Form 4 |
| Nov 29, 2022 | Byalik YuryHead of Strategy & Acquisition | Buy | 1,400 | $1.35 | $1.9K | Form 4 |
| Nov 18, 2022 | Wells Dominic Benjamin JamesCEO, CRO, Chair of Board | Buy | 63,000 | $0.18 | $11.3K | Form 4 |
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.
- Alta Partners LLCSCHEDULE 13G/A, 3 filings Oct 16, 2025 to Oct 5, 202622
- Joel ArbermanSCHEDULE 13G/A, 6 filings Oct 1, 2024 to Jun 10, 202623
- Dominic Benjamin James WellsSCHEDULE 13G/A, 3 filings Feb 6, 2023 to Feb 12, 202624
- ATW Partners Opportunities Management, LLCSCHEDULE 13G, 1 filing Feb 11, 202625
- Adam GarciaSCHEDULE 13G, 1 filing Jun 11, 202526
- Walleye Capital LLCSC 13G/A, 2 filings Feb 15, 2023 to Feb 14, 202427
- Travis ElliottSC 13G/A, 2 filings Nov 18, 2022 to Sep 20, 202328
Money raised
Private offerings the company reported to the SEC on Form D.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARHeerden Esbe Louise Van, President
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- 17SEC EDGARRobert J. Lipstein, Board member
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