Tenet Fintech Group reports first ever profitable quarter with net profit of $728,475

Earnings
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Tenet Fintech Group Inc. reported its first ever profitable quarter, posting a net profit of $728,475 for the three months ended March 31, 2026, compared to a net loss of $3,372,597 in the same period last year. Revenue surged to $11,537,820 from $179,161 in the first quarter of 2025, driven by strong activity on the GoldRiver supply-chain platform and a business model shift emphasizing data, AI, and analytics that reduced fixed operational expenses. The quarter also benefited from the reversal of a provision related to a dismissed U.S. class action lawsuit. Cash flow from operations reached $458,000, and the company added partnerships with seven new accounting and bookkeeping service providers to expand its Cubeler Business Development Platform.

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reported first ever profitable quarter with net profit of $728,475