Onfolio Holdings Inc. Announces Q2 2026 Financial Results and Provides Corporate Update

WILMINGTON, Del., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) (“Onfolio” or the “Company”), an owner-operator of cash-generative online businesses, announces financial results for the second quarter ended June 30, 2026.

Recent Corporate Highlights * Effected a 1-for-50 reverse stock split, effective August 10, 2026, intended to regain compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). * Retired the entire $6 million principal under the Company's senior secured convertible note subsequent to quarter-end, reducing debt burden, strengthening balance-sheet, and increasing stockholders' equity toward compliance with Nasdaq's $2.5 million minimum stockholders' equity requirement under Listing Rule 5550(b)(1). Second Quarter 2026 Financial Highlights * Revenue was $1.50M vs. $3.15M in Q2 2025 * Gross profit decreased 62% to $0.73M, or 49% of revenue, vs. $1.94M, or 62% of revenue, in Q2 2025 * Total operating expenses decreased 31% to $1.70M vs. $2.44M in Q2 2025, primarily reflecting lower selling, general and administrative expenses, including reduced advertising and marketing spend and lower amortization expense, partially offset by higher professional fees related to the Company's financing activities and Nasdaq compliance matters * Net loss was $1.65M (including a $0.28M non-cash loss on change in fair value of digital assets and $0.18M in non-cash amortization and stock-based compensation expense) vs. $0.53M in Q2 2025 * Cash operating loss (excluding non-cash items) was $0.86M vs. $0.25M in Q2 2025 * EBITDA As Defined was $(0.78M) vs. $(0.15M) in Q2 2025 * Cash at 6/30/26 was $0.25M vs. $2.18M at 12/31/25 “While our portfolio continued to navigate headwinds in the second quarter, we continued to make notable progress positioning Onfolio for long-term value creation,” commented Onfolio CEO Dominic Wells. “Revenue declined primarily due to a slowdown in new sales at our Eastern Standard subsidiary and continued reduced advertising spend at Proofread Anywhere, and our gross margin came down as our revenue mix shifted further toward our lower-margin B2B services business. However, RevenueZen’s results improved significantly after Eastern Standard took over management of its fulfilment, which shows our AgencyCo playbook can work, but overall portfolio performance is not yet where we need it to be, and we’re being direct about that.