AppTech Payments Corp. SEC 10-Q Report

AppTech Payments Corp., a leading Fintech company specializing in innovative payment processing and digital banking technologies, has released its Form 10-Q report for the second quarter of 2025. The report highlights substantial financial improvements and strategic business advancements, underscoring the company's commitment to enhancing shareholder value and driving digital transformation in the financial services industry.

Financial Highlights

Revenues: AppTech Payments Corp. reported revenues of $291 thousand for the three months ended June 30, 2025, a significant increase of 283% compared to $76 thousand for the same period in 2024. For the six months ended June 30, 2025, revenues were $508 thousand, up from $181 thousand in 2024, representing an increase of 181%. This growth was primarily driven by an increase in ISO and lending revenue.

Gross Profit: The company's gross profit for the three months ended June 30, 2025, was $184 thousand, compared to $62 thousand for the same period in 2024. For the six months ended June 30, 2025, gross profit was $273 thousand, compared to $156 thousand in 2024.

Loss from Operations: AppTech reported a loss from operations of $(1,881) thousand for the three months ended June 30, 2025, an improvement from $(2,891) thousand for the same period in 2024. For the six months ended June 30, 2025, the loss from operations was $(4,537) thousand, compared to $(5,923) thousand in 2024.

Net Loss: The net loss for the three months ended June 30, 2025, was $(1,860) thousand, compared to $(2,922) thousand for the same period in 2024. For the six months ended June 30, 2025, the net loss was $(4,501) thousand, compared to $(5,959) thousand in 2024.

Basic and Diluted Net Loss Per Common Share: The basic and diluted net loss per common share was $(0.06) for the three months ended June 30, 2025, compared to $(0.12) for the same period in 2024. For the six months ended June 30, 2025, the basic and diluted net loss per common share was $(0.13), compared to $(0.25) in 2024.

Business Highlights

Revenue Segments: The company's revenue growth was driven by an increase in ISO and lending revenue, derived from providing financial processing services, including merchant processing solutions for credit card and ACH transactions.

Business Overview: AppTech Payments Corp. leverages its FinZeo platform to offer a suite of synergistic products directly to merchants, banking institutions, and business enterprises. The platform provides Payments-as-a-Service (PaaS) and Banking-as-a-Service (BaaS) solutions, including ACH, credit & debit cards, eCheck, mobile processing, electronic billing, and text-to-pay, along with automated underwriting for business onboarding.

Technological Advancements: The company is well-positioned to accelerate digital transformation through its BaaS offerings, enabling financial institutions to provide scalable digital financial management services.

Operational Strategy: AppTech focuses on delivering scalable, future-proof solutions that meet market demands and regulatory expectations, balancing innovation with compliance.

Future Outlook: Management remains committed to enhancing shareholder value and intends to pursue an uplisting to a national exchange before the end of the fiscal year. The company is confident that its revenue streams will begin generating cash in the following twelve months.

SEC Filing: AppTech Payments Corp. [ APCX ] - 10-Q - Aug. 14, 2025