Rezolve AI PLC (NASDAQ:RZLV) stock fell Tuesday after the company reported mixed first-half fiscal 2026 results.
The company posted a loss of 35 cents per share. That missed the analyst estimate for a loss of 12 cents.
However, revenue of $130.79 million beat the $101.5 million consensus estimate.
Rezolve AI Revenue Jumps Nearly 21-Fold
First-half revenue surged 1,970% from a year earlier. It was also nearly three times the company’s full-year 2025 revenue of about $46 million.
Gross profit climbed to $63.9 million from $6 million a year ago. Gross margin was 48.9%.
Rezolve AI said its margins reflected its mix of software, professional services, loyalty and platform operations. Costs tied to the rapid expansion of enterprise projects also affected margins.
Meanwhile, the company used $96.1 million in operating cash during the period. That compared with $19.8 million a year earlier.
The company held $33.2 million in cash and cash equivalents as of June 30. It also had $67.4 million in restricted cash, bringing the total to about $100.5 million.
Customer Base More Than Doubles
Rezolve AI’s customer base grew to more than 1,640 from just over 950 at the end of 2025.
Its customers include H&M, ASOS, Ferrero, Myntra, Rakuten Group, Qatar Airways and Graybar.
During the FIFA 2026 World Cup measurement period, Rezolve AI recorded about 103 million app opens. The activity came from 9.86 million unique devices across 16 stadiums. Its platform also tracked 5.84 million geofence events.
Taps Technology Partners
Founder, Chairman and CEO Daniel M. Wagner said the company is using Microsoft, Google, Tata Consultancy Services and Tech Mahindra to reach more enterprise customers. The partners provide marketplaces, sales relationships and deployment support.
Alphabet Inc.’s (NASDAQ:GOOGL) Google also selected Rezolve AI’s distributed database technology for use within Google Cloud.
During the earnings call, Rezolve AI said Google’s infrastructure deal could mark the start of a much larger opportunity. The company expects to announce more infrastructure licensing agreements soon. It also has several potential deals at various stages of discussion.
The first deployment covers about 100 terabytes across 10 blockchain networks. Rezolve AI expects the agreement to create more licensing opportunities.
In addition, its Rewards acquisition expanded the company’s presence to more than 15 markets. Rewards has relationships with Barclays, Visa, Mastercard, NatWest and Mashreq. It has returned more than $2 billion in cashbacks.
A partnership with Zilch also expanded Rezolve AI’s payments reach to nearly 6 million customers.
Rezolve AI Reaffirms Outlook
Rezolve AI reaffirmed its fiscal 2026 revenue forecast of $360 million. That is slightly above the analyst estimate of $357.15 million.
The company also maintained its goal of reaching at least $500 million in annual recurring revenue by the end of 2026.
Rezolve AI expects seasonal retail demand and new customer deployments to support second-half growth.
RZLV Price Action: Rezolve AI shares were down 16.78% at $2.40 at the time of publication on Tuesday, according to Benzinga Pro data.
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