Intellinetics, Inc. (NYSE American: INLX) announced its financial results for the fiscal year ended December 31, 2025, revealing a decrease in total revenue and an increase in net losses compared to the previous year. The company reported total revenue of $16.58 million for 2025, an 8% decline from $18.02 million in 2024. This decline was primarily attributed to a significant drop in professional services revenue, which decreased by 18.7% year-over-year. In contrast, Software as a Service (SaaS) revenue showed growth, increasing by 11.3% to $6.33 million, indicating a shift towards a more software-driven business model.

The company's net loss for the year was $1.87 million, or $0.44 per share, compared to a net loss of $546,215, or $0.13 per share, in 2024. This increase in losses reflects the company's ongoing investments in growth and operational improvements, particularly in sales and marketing. Adjusted EBITDA also saw a decline, dropping to $469,694 from $2.38 million in the prior year.

Despite these challenges, Intellinetics remains optimistic about its future. The company is focusing on expanding its SaaS footprint and enhancing its document management solutions. Management believes that these strategic initiatives will lead to improved revenue predictability and margin expansion over time. The company plans to hold a conference call to discuss these results and its outlook for 2026, where it expects continued growth in SaaS revenue. Investors are encouraged to monitor these developments closely as the company navigates its transition towards a more software-centric business model.

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