Onfolio Holdings Inc reported a 52% year-over-year decline in total revenue for the second quarter of 2026, with revenue falling to $1.5 million. The company also addressed its Nasdaq compliance issues by converting its senior secured convertible notes into equity and executing a 1-for-50 reverse stock split on August 10. Onfolio's B2B services revenue dropped 41% to $1.22 million, while B2C product revenue fell 74% to $279,000, and the company posted a net loss of $4.6 million driven largely by non-cash losses on derivative liabilities and digital assets. Cash at quarter-end was just $251,000, leading to going concern disclosures in its 10-Q filing. Management highlighted a significant acquisition pipeline, including a renegotiated deal with reduced upfront cash and a larger 100% seller-financed acquisition targeting over $4 million in EBITDA.
Onfolio Holdings IncRevenue down 52%, net loss, going concern, cash only $251k
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