Gross Billings Increase 17% to $45.8 Million ; Gross Profit Grows 17% to $4.4 Million Net Loss Improves 38% to $1.5 Million , or $(0.04) Per Share; Interest Expense Declines 11% Modified EBITDA Narrows to $(102,386) from $(268,508) in the Prior Year Period SCHAUMBURG, IL , Nov. 03, 2026 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com , today announced financial results for the third quarter ended September 30, 2026 . Third Quarter 2026 Financial Highlights Gross billings, the total dollar value of customer transactions processed through Giftify’s marketplaces, increased 17.1% to $45.8 million , compared to $39.1 million in the third quarter of 2025. Net sales increased 18.8% to $22.3 million , compared to $18.8 million in the third quarter of 2025. Gross profit increased 16.7% to $4.4 million , compared to $3.7 million in the third quarter of 2025. Gross margin was 19.6%, compared to 20.0% in the third quarter of 2025. Loss from operations improved to $1.6 million , compared to $2.5 million in the third quarter of 2025, narrowing to 7.1% of net sales from 13.2% of net sales in the prior year period. Net loss improved to $1.5 million , or $(0.04) per share, compared to $2.4 million , or $(0.08) per share, in the third quarter of 2025. Interest expense declined to $120,656 , compared to $135,005 in the third quarter of 2025, reflecting the Company’s reduced debt balance. Modified EBITDA improved to $(102,386) , compared to $(268,508) in the third quarter of 2025, continuing the Company’s progress toward breakeven. Cash and cash equivalents were $3.9 million as of September 30, 2026 , compared to $3.7 million at December 31, 2025 . Net Sales and Gross Billings Both Grew Double Digits in the Third Quarter Net sales increased 18.8% year over year to $22.3 million in the third quarter of 2026, while gross billings, the total dollar value of customer transactions processed through Giftify’s marketplaces, increased 17.1% to $45.8 million over the same period. Agent transactions, in which Giftify arranges for a distributor to deliver gift cards directly to the customer and recognizes revenue on a net commission basis, represented approximately 7% of net sales in both the third quarter of 2026 and the third quarter of 2025, and approximately 7% of net sales for the nine months ended September 30, 2026 , compared to approximately 6% for the nine months ended September 30, 2025 . Net revenue recognized on an agent basis increased $200,757 , or 15.1%, for the three months ended September 30, 2026 , and $1,310,359 , or 37.8%, for the nine months ended September 30, 2026 , compared to the respective prior year periods. Subsequent Events On October 13, 2026 , the Company announced that Restaurant.com , the nation’s largest restaurant-focused digital deals brand, is transitioning to a membership-based model beginning October 27, 2026 . The new Restaurant.com Membership offers consumers the choice of a monthly or annual subscription, providing ongoing access to available restaurant deals rather than requiring individual deal purchases. On October 1, 2026 , the Company announced that CardCash deployed AI-powered customer service tools that have cut average customer response times by more than 90% across a support operation handling approximately 5,000 tickets per month, without increasing staffing costs. Management Commentary “We had a strong quarter across our core metrics,” said Ketan Thakker , President and Chief Executive Officer. “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. 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. Modified EBITDA improved to $(102,386) from $(268,508) a year ago, putting us on a clear trajectory toward breakeven.” Thakker continued, “We’re building on that momentum. 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. 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.” Third Quarter 2026 Financial Results Net sales for the third quarter of 2026 were $22.3 million compared to $18.8 million in the third quarter of 2025, an increase of 18.8%. The increase in net sales was due to the change in the mix of agent versus principal transactions. Merchant gift card sales accounted for approximately 98% and 97% of net sales for the three months ended September 30, 2026 and 2025, respectively. Gross profit