# Giftify posts 19% net sales growth and a narrower $1.5 million net loss for Q3 2026 > Giftify's third-quarter net sales rose 18.8% to $22.3 million and its net loss narrowed 38% to $1.5 million. - Published: 2026-11-03T13:44:28+00:00 - Section: Earnings & Results - Author: News Desk - URL: https://newsforagent.com/news/2026-11-03/giftify-q3-2026-results - Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/03/3394229/0/en/giftify-inc-reports-third-quarter-2026-financial-results-net-sales-grow-19-as-operating-loss-narrows-36.html) ## Key takeaways - Giftify net sales rose 18.8% to $22.3 million in Q3 2026, while gross billings grew 17.1% to $45.8 million. - The net loss narrowed 38% to $1.5 million, or $(0.04) per share, and Modified EBITDA improved to $(102,386). - Restaurant.com began transitioning to a membership-based model on October 27, 2026. [Giftify](https://akta.pro/company-profiles/0004ao3/giftify), Inc. reported third-quarter 2026 net sales of $22.3 million, up 18.8% from $18.8 million a year earlier, and a net loss of $1.5 million, or $(0.04) per share, compared with $2.4 million, or $(0.08) per share, in the third quarter of 2025. The company announced the results on November 3, 2026, according to [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/03/3394229/0/en/giftify-inc-reports-third-quarter-2026-financial-results-net-sales-grow-19-as-operating-loss-narrows-36.html). ## Giftify's Gross Billings and Margin in Q3 Gross billings, the total dollar value of customer transactions processed through Giftify's marketplaces, rose 17.1% to $45.8 million from $39.1 million. Gross profit increased 16.7% to $4.4 million, while gross margin slipped to 19.6% from 20.0%. Loss from operations narrowed to $1.6 million from $2.5 million, equal to 7.1% of net sales versus 13.2% a year earlier. Selling, general and administrative expenses fell to $5.3 million from $5.5 million, a decrease of $165,783 that the company attributed to a $624,035 reduction in stock-based compensation expense, offset by higher employee compensation, legal and professional fees, and other general expenses. Interest expense declined to $120,656 from $135,005, reflecting a reduced debt balance. Modified EBITDA improved to $(102,386) from $(268,508). "We had a strong quarter across our core metrics," said Ketan Thakker, President and Chief Executive Officer. "Net sales grew 19% and gross billings grew 17% year-over-year, and we continued to run the business with discipline, meaningfully reducing stock-based compensation expense and driving improvement in operating leverage." For the nine months ended September 30, 2026, net sales rose 5.6% to $65.4 million and gross billings increased 22.6% to $136.3 million. The nine-month net loss was $5.4 million, or $(0.16) per share, compared with $8.2 million, or $(0.28) per share, a year earlier. Cash and cash equivalents were $3.9 million as of September 30, 2026, compared with $3.7 million at December 31, 2025. ## Giftify's CardCash and Restaurant.com Platforms Giftify is a Nasdaq-listed holding company that owns and operates CardCash.com, a secondary gift card exchange, and Restaurant.com, a restaurant-focused digital deals brand, according to akta.pro [company records](https://akta.pro/company-data). The same records list more than 26 million registered users across its platforms and more than $1.5 billion in gift cards sold through the CardCash marketplace since 2009. ## Restaurant.com's Membership Transition On October 13, 2026, Giftify announced that Restaurant.com is moving to a membership-based model beginning October 27, 2026. The Restaurant.com Membership offers consumers a monthly or annual subscription with ongoing access to available restaurant deals rather than individual deal purchases. Thakker said the transition creates "a new recurring revenue opportunity for the business." On October 1, 2026, the company announced that CardCash deployed AI-powered customer service tools that cut average customer response times by more than 90% across a support operation handling approximately 5,000 tickets per month, without increasing staffing costs. ## Giftify's Earlier 2026 Results Giftify reported second-quarter 2026 gross billings of $45.5 million, up 26.2% year over year, and a net loss of $1.2 million, an improvement of 52.1%, according to GlobeNewswire. In August 2026, [Markets Daily](https://akta.pro/news-signals) reported that Giftify's quarterly loss of $(0.04) per share beat the consensus estimate of $(0.06), with revenue of $21.75 million exceeding expectations of $20.20 million. ## Restaurant.com Membership Start Date Restaurant.com's membership model began on October 27, 2026, the date Giftify gave in its October 13, 2026 announcement. ## Companies in this story - [Giftify company profile](https://akta.pro/company-profiles/0004ao3/giftify) · website: https://giftifyinc.com --- News for Agent · https://newsforagent.com/llms.txt