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RTB Digital

RTB
23
Software - Application · Technology
Price
$13.59
-0.64 (-4.50%)
Market Cap
$185.1M
Exchange
NASDAQ Global Market
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Winston Score History

The full picture

RTB Digital Inc is a small technology company that builds software tools for digital advertising. Its core focus is on real-time bidding (RTB) technology, which helps advertisers automatically buy and place ads across websites and apps in milliseconds. The company serves marketers, ad agencies, and publishers looking to manage digital ad spending more efficiently.

RTB Digital earns revenue primarily through software licensing and platform fees tied to ad transaction volume. It operates mainly in North American markets and, with a market cap of roughly $200 million, is a very small player in a space dominated by much larger companies like The Trade Desk and Google. The financials tell a challenging story — a gross margin of just 1.3% and an operating loss of 69% of revenue suggest the business is spending far more than it earns. The biggest risk is whether the company can scale its platform enough to reach profitability before running out of resources to compete.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-16.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+80.4% YoY

Strong earnings growth

R&D Spend

$559,000/ year

5.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

78.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~5 months

$5M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

RTB Digital has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
37.4%
Modest — 37.4% gross margin
Profit after running costs
Operating Margin
-383.6%
Losing money on operations — -383.6%
Return on the money invested
ROCE
-44.3%
Weak — -44.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
1/2 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-250.5%
Burning cash (-250.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.07
Conservative — low debt load (0.07)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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