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Intellinetics Reports Improved Third-Quarter Profitability and Gross Margin Expansion

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  • Intellinetics, Inc. reported Q3 2026 GAAP net loss narrowed to $239,163 ($0.05 per share) from $369,765 ($0.08 per share) in Q3 2025.
  • Adjusted EBITDA turned positive in Q3 2026 at $144,821, a sequential improvement of $516,000 from Q2 2026.
  • Total revenue for Q3 2026 increased 0.7% year-over-year to $4,027,687, driven by 5.0% growth in SaaS revenue to $1.69 million.
  • Professional services revenue decreased 2.5% year-over-year in Q3 2026, while storage and retrieval revenue grew 6.2%.
  • Gross profit margin expanded 295 basis points to 67.1% in Q3 2026, with professional services gross margin improving to 48.1%.
  • Operating expenses remained essentially flat in Q3 2026, increasing only 0.1% to $2,948,877, contributing to a 35.3% reduction in operating loss.
  • For the nine months ended September 30, 2026, total revenue decreased 3.1% to $11,883,346 due to declines in professional services and software maintenance.
  • Nine-month net loss was $2,503,154 ($0.56 per share), compared to $1,664,920 ($0.39 per share) in the same period of 2025.
  • Operating expenses for the nine-month period included $430,000 in non-recurring CEO transition costs incurred in Q1 2026.
  • Nine-month Adjusted EBITDA was a loss of $513,925, compared to a profit of $206,804 in the same period of 2025.
  • Cash on hand as of September 30, 2026, was approximately $2.85 million, an increase of $1.14 million from June 30, 2026.
  • Management revised fiscal 2026 SaaS growth outlook to single-digit year-over-year growth, down from a previous double-digit expectation.
  • The company anticipates a lower cost structure in Q4 2026 following organizational restructuring actions taken during the third quarter.
  • Deferred revenues increased to $4.12 million as of September 30, 2026, from $3.37 million at the end of 2025.
  • Intellinetics is focusing on accelerating SaaS growth, strengthening commercial execution, and connecting document-conversion capabilities to drive profitable growth.