The story
Founded by Dan Wagner in 2016.1
RZLV on Nasdaq
Rezolve AI
Public company headquartered in London.1
Price unavailable
Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-185.6%Operating margin3
-216.7%Net margin3
2224.2%Revenue growth, 20253
-41.1%Return on equity3
0.20×Debt to equity3
-$63.2MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United Kingdom and Europe brought in 50% of the revenue Rezolve AI broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United Kingdom and Europe | $187.8K | $23.3M |
| North America | $1.0M | $19.9M |
| Asia Pacific | $784.9K | $3.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development24¢$11.2M
- Other costs32¢$15.0M
- Interest6¢$2.9M
- Income tax38¢$17.7M
Out of $46.8M in revenue.3 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $46.8M | $2.0M |
| Cost of revenue | $15.9M | $192.8K |
| Sales and marketing expenses (including related party transactions of $1,833,486 and $1,011,119, see note 14) | $12.1M | $6.7M |
| General and administrative expenses (including related party transactions of $8,120,684 and $68,413,399, see note 14) | $90.4M | $132.0M |
| Depreciation and amortization expenses | $7.0M | $226.3K |
| Research and development expenses | $11.2M | $1.2M |
| Other operating (income)/expense, net | -$2.9M | $255.4K |
| Total operating expenses/(income) | $133.7M | $140.5M |
| Operating loss | -$86.9M | -$138.5M |
| Interest expense | -$3.5M | -$10.6M |
| (Loss)/gain on derivatives | -$2.9M | $19.0M |
| Loss on extinguishment | -$30.0M | -$44.3M |
| Gain on revaluation of financial asset | $5.6M | $0 |
| Gain on bargain purchase | $61.3M | $0 |
| Impairment loss | -$63.3M | $0 |
| Other non-operating income (expense), net | $465.5K | $1.3M |
| Total other expenses, net | -$32.3M | -$34.7M |
| Loss before provision for income taxes | -$119.1M | -$173.2M |
| Provision for income taxes | $17.7M | -$243.7K |
| Net loss and comprehensive loss | -$101.4M | -$173.5M |
| Net loss per share, basic | -$0.38 | -$1.06 |
| Net loss per share, diluted | -$0.38 | -$1.06 |
| Weighted average shares, basic | 268.0M shares | 163.7M shares |
| Weighted average shares, diluted | 268.0M shares | 163.7M shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $111.1M | $9.7M | |
| Accounts receivable and unbilled receivable, net | $39.2M | $703.7K | |
| Prepaid expenses and other current assets | $20.0M | $1.0M | |
| Other receivables | $4.6M | ||
| Derivative asset | $2.6M | ||
| Total current assets | $175.0M | $14.0M | |
| Property and equipment, net | $510.7K | $22.3K | |
| Intangible assets, net | $239.2M | $6.8M | |
| Crypto intangible assets, net | $102.8K | ||
| Other digital assets, net | $16.4M | ||
| Goodwill | $168.4M | ||
| Right of use assets | $3.0M | ||
| Equity method investments | $5.5M | ||
| Other non-current assets | $3.7M | $373.4K | |
| Total non-current assets | $436.8M | $7.1M | |
| Total assets | $611.7M | $21.2M | |
| Accounts payable | $35.7M | $8.1M | |
| Due to related party | $32.9K | $1.6M | |
| Accrued expenses and other payables | $20.4M | $9.5M | |
| Short term debt | $102.1M | ||
| Short term debt to related party | $12.0K | $5.1M | |
| Short term convertible debt | $1.8M | $10.3M | |
| Short term convertible debt to related party | $95.3K | ||
| Convertible promissory notes | $426.5K | $6.4M | |
| Ordinary Shares Payable | $10.7M | $1.2M | |
| Share-based payment liability | $1.4M | $1.4M | |
| Advisors loans | $12.8M | ||
| Derivative liabilities | $2.9M | $2.6M | |
| Income taxes payable | $622.5K | ||
| Deferred revenue | $46.5M | $1.2M | |
| Warrant liability | $718.6K | ||
| Lease liabilities, current portion | $2.0M | ||
| Contingent consideration, current portion | $27.8M | ||
| Other current liabilities | $9.0M | $2.1M | |
| Total current liabilities | $262.1M | $62.4M | |
| Long term debt | $50.1M | ||
| Lease liabilities, non-current portion | $827.0K | ||
| Deferred tax liabilities | $28.2M | ||
| Contingent consideration, non-current portion | $23.3M | ||
| Other non-current liabilities | $399.2K | ||
| Total non current liabilities | $102.8M | ||
| Total liabilities | $364.9M | $62.4M | |
| Ordinary shares, 0.0001 nominal value 336,327,587 shares issued and outstanding as of December 31, 2025; 208,260,754 shares issued and outstanding as of December 31, 2024; 423,495,449 and 256,365,817 shares authorized as of December 31, 2025 and 2024 (refer to note 2.22) | $43.8K | $26.9K | |
| Additional paid-in capital | $605.6M | $216.9M | |
| Share subscription receivable | -$1.1K | -$80 | |
| Accumulated deficit | -$359.6M | -$258.2M | |
| Accumulated other comprehensive loss | $809.0K | $33.7K | |
| Total Shareholders' Equity/(Deficit) | $246.8M | -$41.3M | -$58.2M |
| Total liabilities and shareholders' equity/(deficit) | $611.7M | $21.2M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$101.4M | -$173.5M |
| Depreciation and amortization | $7.0M | $226.3K |
| Impairment of loans receivable | $255.4K | |
| Share-based compensation - employees shares restrictions lifted | $18.8M | |
| Share based compensation for employees | $3.8M | $4.3M |
| Share based compensation issued to related parties | $5.3M | $63.0M |
| Share based compensation for consultancy services | $217.4K | |
| Ordinary shares issued in lieu of cash payment for services | $484.1K | $279.0K |
| Advisor loan issued for services - Northlands Securities | $5.1M | |
| Advisor loan issued for services - J.V.B. Financial Group | $7.5M | |
| Advisor loan issued for services- Cantor Fitzgerald | $16.0M | |
| Interest expense, net | $2.9M | $10.6M |
| Loss/(gain) on derivatives | $2.9M | -$19.0M |
| Loss on extinguishment | $30.0M | $44.3M |
| Unrealized foreign exchange (gain)/loss | $516.8K | -$1.3M |
| Gain on revaluation of financial asset | -$5.7M | |
| Movement in deferred tax liabilities | -$18.6M | |
| Impairment loss | $63.3M | $0 |
| Gain on bargain purchase | -$61.3M | $0 |
| Ordinary shares issued to Radio Group to settle termination of ANY acquisition in Germany | $876.0K | |
| Non-cash component of lease expense | $1.3M | |
| Non-cash component of transaction related expenses | $700.0K | |
| Non-cash component of warrant expense | $2.2M | |
| Loss on share issuance | $690.1K | |
| Other non-cash expenses | $225.3K | |
| Increase in accounts receivable | -$18.5M | -$632.1K |
| Increase in prepaid expense and other current assets with related parties | $0 | |
| Decrease/(Increase) in prepaid expense and other current assets | -$4.1M | -$1.0M |
| Increase in accounts payable, accrued expenses and other payables | $15.0M | $1.1M |
| (Decrease)/Increase in payables due to related parties | -$1.1M | $473.6K |
| Increase in deferred revenue | $4.4M | $579.2K |
| Increase in other current liabilities | $5.3M | |
| Increase in non-current liabilities | $2.3M | |
| Decrease in lease liabilities | -$1.6M | |
| Net cash used in operating activities | -$63.1M | -$22.4M |
| Purchase of property and equipment | -$90.2K | -$8.3K |
| Additions to intangible assets | -$4.1M | -$3.5M |
| Additions to other digital assets | -$19.8M | |
| Investment in Art Equities | -$5.5M | |
| Cash acquired in business combinations | $8.4M | |
| Net cash (used in) investing activities | -$24.7M | -$3.5M |
| Proceeds from merger with Armada | $3.4K | |
| Proceeds from rights issuance | $1.4M | |
| Proceeds from short-term debt from related party | $6.6M | |
| Repayment of short-term debt obligation from related parties | -$4.7M | -$1.2M |
| Proceeds from convertible promissory loans | $11.9M | |
| Repayment of promissory notes | -$1.5M | |
| Proceeds from promissory notes | $67.7K | $400.0K |
| Repayments of rights issue | -$100.0K | |
| Proceeds from issuance of ordinary shares | $251.4M | $18.3M |
| Payment of issuance costs related to issuance of ordinary shares | -$15.9M | -$994.5K |
| Proceeds from exercise of warrants | $15.0M | $575.0K |
| Proceeds from long-term debt obligation | $27.0M | |
| Repayment of long-term debt obligation | -$33.5M | |
| Repayment of debt related to Crownpeak acquisition | -$50.5M | |
| Net cash flow generated from financing activities | $188.8M | $35.4M |
| Effect of exchange rate changes on cash | $423.5K | $38.5K |
| Net change in cash | $101.4M | $9.6M |
| Share-based payment for development of intangible asset | $1.3M | |
| Cash paid for interest | $3.0M | $115.0K |
| Cash paid for taxes | $111.8K | |
| Debt acquired in Crownpeak acquisition | $151.9M | |
| Number of shares issued as consideration for acquisitions | 19.3M shares |
Leadership
Who has led Rezolve AI, and when. Pick a name to see everywhere that person has worked.
- FounderDan Wagner1
- Chief executive officerDan Wagner 2016 to now1
- ChairDan Wagner 2016 to now1
Board members and other officers (1)
- Vice presidentFelix Tseitlin Jun 2025 to now1
Former names
Timeline
Recent filings
- Oct 8, 20266-K
- Oct 7, 20266-K
- Sep 1, 20266-K
- Aug 28, 2026SCHEDULE 13D/A
- Aug 28, 20264
- Aug 6, 20266-K
- Aug 5, 20266-K
- Jul 27, 20266-K
- Jul 21, 20266-K
- Jul 20, 2026SCHEDULE 13G/A
- Jul 1, 20266-K
- Jun 12, 20266-K
- Jun 5, 20266-K
- May 15, 20264
- Apr 30, 20266-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.rezolve.com1
- WikidataQ139862452
- SEC EDGARCIK 1920294
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataRezolve AI on Wikidata
- 2SEC EDGARRezolve AI filings on SEC EDGAR
- 3SEC EDGARRezolve AI 10-K for fiscal 2025
- 4SEC EDGARRezolve AI filings on SEC EDGAR
- 5SEC EDGARRezolve AI 10-K for fiscal 2023