QuoteMedia, Inc. (OTCQB: QMCI) reported third-quarter 2025 revenue of $5.2 million, representing a 10 percent increase compared to the same period last year. The financial technology company, which provides market data and financial applications to major institutions, also demonstrated improved profitability metrics despite reporting a net loss of $367,192. The company's adjusted EBITDA rose to $377,662 during the quarter, reflecting ongoing operational improvements.
The financial results were influenced by accounting treatments including lower capitalization and higher amortization of development costs, which management noted affect earnings but not cash flow. This distinction is important for investors evaluating the company's underlying financial health and operational performance. The narrowing net loss and improved EBITDA suggest the company is moving toward sustainable profitability as it scales its operations.
Management highlighted several major new contracts secured during the quarter that are expected to begin contributing meaningfully to revenue in the fourth quarter. These contract wins represent significant validation of QuoteMedia's technology platform and services in the competitive financial data market. The company serves prominent financial institutions including Nasdaq Stock Exchange, London Stock Exchange Group, and major banks such as JPMorgan Chase and Bank of Montreal.
QuoteMedia's product suite includes streaming real-time quotes, market research, news, charting tools, option chains, and portfolio management systems. The company's technology solutions are critical infrastructure for financial services firms that require reliable, real-time market data to support trading decisions, risk management, and client services. The continued adoption of these tools by major financial institutions underscores the quality and reliability of QuoteMedia's offerings.
The company's improved financial performance and new contract wins come amid ongoing large-scale deployment discussions with potential clients. Management anticipates continued improvements in gross margin, EBITDA, and overall profitability as revenue expands and the impact of amortization from prior development periods subsides. This trajectory suggests the company is reaching an inflection point where operational leverage begins to significantly benefit bottom-line results.
For the broader financial technology industry, QuoteMedia's results indicate sustained demand for market data and financial applications despite economic uncertainties. The company's ability to secure major new contracts demonstrates that financial institutions continue investing in technology infrastructure to maintain competitive advantages. This trend benefits companies throughout the financial ecosystem that rely on accurate, timely market information.
QuoteMedia's performance and future outlook are particularly relevant given the company's position as a provider to some of the world's largest financial institutions. The company's growth reflects broader trends in financial technology, including increased automation, data-driven decision making, and the need for comprehensive market intelligence. As financial markets become increasingly complex and interconnected, the demand for sophisticated data solutions like those offered by QuoteMedia is likely to continue growing.
Investors and industry observers can monitor the company's progress through its corporate communications and financial disclosures available at www.quotemedia.com. The company's trademarked products including Quotestream, QMod, and Quotestream Connect represent key components of its technology portfolio that serve diverse client needs across the financial services spectrum.
