Giftify, Inc. Reports Third Quarter 2026 Financial Results: Net Sales Grow 19% as Operating Loss Narrows 36%

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“We had a strong quarter across our core metrics”

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“Net sales grew 19% and gross billings grew 17% year-over-year, and we continued to run the business with discipline, meaningfully reducing stock-based compensation expense and driving improvement in operating leverage.”

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“Our operating loss narrowed to 7.1% of net sales from 13.2% in the prior year period, and on a year-to-date basis our gross margin expanded to 19.9% from 18.1%, while our third quarter margin of 19.6% was roughly in line with the 20.0% we reported a year ago.”

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“Modified EBITDA improved to $(102,386) from $(268,508) a year ago, putting us on a clear trajectory toward breakeven.”

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“We’re building on that momentum.”

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“Shortly after the close of the quarter, we announced the transition of Restaurant.com to a membership-based model, creating a new recurring revenue opportunity for the business.”

Ketan Thakker, President and Chief Executive Officer of Giftify, Inc.

“We believe this is an important step in how we grow Restaurant.com going forward, and we remain focused on converting our top-line growth into sustained profitability improvement.”