The continued revenue decline and accelerating cash burn are negative signals for a $26M market cap company. Monitor Q3 2026 for evidence of SaaS growth acceleration and operating expense discipline; if cash burn persists at this rate, the company may need to raise capital within 12 months.
Price Chart
Executive Summary
Intellinetics reported Q2 2026 revenue of $3.95M (-1.6% YoY) and a net loss of $1.09M (-$0.24/share), widening from a $0.57M loss a year ago. SaaS revenue grew 4.2% YoY to $1.64M, but total revenue declined due to continued weakness in professional services (-5.8% YoY) and software maintenance (-11.7% YoY). Operating expenses surged 14.7% YoY, driven by higher G&A and share-based compensation, while cash burned to $1.71M from $2.53M at year-end 2025. Management reiterated double-digit SaaS growth guidance for FY2026, but the deteriorating profitability and cash burn are concerning for a $26M market cap company.
Key Financial Metrics
Key Facts
- Q2 2026 total revenue $3.95M, down 1.6% YoY from $4.01M
- Net loss widened to $1.09M (-$0.24/share) from $0.57M (-$0.13/share) in Q2 2025
- SaaS revenue grew 4.2% YoY to $1.64M, but professional services fell 5.8% to $1.79M
- Operating expenses rose 14.7% YoY to $3.71M, with G&A up 24.4%
- Adjusted EBITDA was -$371K vs +$27.6K in Q2 2025
- Cash balance fell to $1.71M from $2.53M at Dec 2025, a $815K H1 burn
- Management reiterated double-digit SaaS growth outlook for FY2026
Financial Impact
Revenue decline of 1.6% YoY and net loss widening by 91% YoY; cash burn of $815K in H1 2026 vs $418K in H1 2025
Risk Factors
- Cash burn rate may require equity or debt financing within 12 months
- Professional services revenue continues to decline, indicating project volume challenges
- Operating expenses growing faster than revenue, compressing margins
- CEO transition costs are behind, but elevated share-based compensation persists
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-037327 |
| Document: form8-k.htm | 0001493152-26-037327 |
| Document: 0001493152-26-037327-index-headers.html | 0001493152-26-037327 |
| Document: 0001493152-26-037327-index.html | 0001493152-26-037327 |
| Document: 0001493152-26-037327.txt | 0001493152-26-037327 |
| 8-K Data (Synthetic) | 0001493152-26-037327 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 10w ago | 8-K | $5.75 $5.67 | ▲ +1.39% | ▼ −0.36% | $4.10 (+28.70%) |
May 14, 2026 23w ago | 8-K | $6.77 $5.40 | ▲ +20.24% | ▲ +22.35% | $4.10 (+39.44%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers