UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 1-8601

CreditRiskMonitor.com, Inc.

(Exact name of registrant as specified in its charter)

Nevada	36-2972588

| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

Address Not Applicable1

(Address of principal executive offices, including zip code)

(845) 230-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐

| Non-accelerated filer ☑ | Smaller reporting company ☑ |

| | Emerging growth company ☐ |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

^1^ We are a remote-only company. Accordingly, we do not maintain a headquarters. For purposes of compliance with applicable requirements of the Securities Act of 1933 and Securities Exchange Act of 1934, each as amended, any stockholder communication required to be sent to our principal executive offices may be directed to the agent for service of process at InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233, or to the email address: ir@creditriskmonitor.com.

The Company’s common stock is traded on the OTCQX Tier of OTC Markets. There were 10,767,501 shares of common stock $.01 par value outstanding as of August 6, 2025.

Index

CREDITRISKMONITOR.COM, INC.

INDEX
			Page
PART I. FINANCIAL INFORMATION
	Item 1. Financial Statements
		Condensed Balance Sheets – June 30, 2025 (Unaudited) and December 31, 2024	3
		Condensed Statements of Operations for the Three Months Ended June 30, 2025 and 2024 (Unaudited)	4
		Condensed Statements of Operations for the Six Months Ended June 30, 2025 and 2024 (Unaudited)	5
		Condensed Statements of Stockholders’ Equity for the Three Months Ended June 30, 2025 and 2024 (Unaudited)	6
		Condensed Statements of Stockholders’ Equity for the Six Months Ended June 30, 2025 and 2024 (Unaudited)	7
		Condensed Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (Unaudited)	8
		Notes to Condensed Financial Statements (Unaudited)	9
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		14
	Item 4. Controls and Procedures		18
PART II. OTHER INFORMATION
	Item 5. Other Information		19
	Item 6. Exhibits		19
SIGNATURES			20

Index

PART I. FINANCIAL INFORMATION

Item 1.

Financial Statements

CREDITRISKMONITOR.COM, INC.

CONDENSED BALANCE SHEETS

JUNE 30, 2025 AND DECEMBER 31, 2024

	June 30,			December 31,
	2025			2024
	(Unaudited)			(Note 1)
ASSETS
Current assets:
Cash and cash equivalents	5,778,882		$	6,674,473
Held-to-maturity securities	3,750,803			2,467,475
Accounts receivable, net of allowance for credit losses of 30,000	4,714,602			3,631,018
Other current assets	908,633			929,512
Total current assets	15,152,920			13,702,478
Held-to-maturity securities	8,510,000			8,758,000
Property and equipment, net	509,027			497,560
Goodwill	1,954,460			1,954,460
Total assets	26,126,407		$	24,912,498
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Unexpired subscription revenue	11,820,212		$	10,886,860
Accounts payable	219,310			319,717
Accrued expenses	1,667,647			1,931,281
Total current liabilities	13,707,169			13,137,858
Deferred taxes on income, net	481,420			481,420
Unexpired subscription revenue, less current portion	260,080			151,474
Total liabilities	14,448,669			13,770,752
Stockholders’ equity:
Preferred stock, .01 par value; authorized 5,000,000 shares; none issued	-			-
Common stock, .01 par value; authorized 32,500,000 shares; issued and outstanding 10,767,501 and 10,722,401 shares in 2025 and 2024, respectively	107,675			107,224
Additional paid-in capital	30,253,683			30,106,731
Accumulated deficit	(18,683,620	)		(19,072,209	)
Total stockholders’ equity	11,677,738			11,141,746
Total liabilities and stockholders’ equity	26,126,407		$	24,912,498

All values are in US Dollars.

See accompanying notes to condensed financial statements.

Index

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

		2025			2024
Operating revenues	$	5,059,542		$	4,933,767
Operating expenses:
Data and product costs		2,194,060			2,173,184
Selling, general and administrative expenses		2,627,168			2,685,333
Depreciation and amortization		117,044			100,894
Total operating expenses		4,938,272			4,959,411
Income (loss) from operations		121,270			(25,644	)
Other income, net		179,684			195,735
Income before income taxes		300,954			170,091
Provision for income taxes		(71,427	)		(40,905	)
Net income	$	229,527		$	129,186
Net income per share – Basic and diluted	$	0.02		$	0.01
Weighted average number of common shares outstanding
Basic		10,767,501			10,722,401
Diluted		10,853,074			10,757,061

See accompanying notes to condensed financial statements.

Index

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

		2025			2024
Operating revenues	$	9,930,955		$	9,742,474
Operating expenses:
Data and product costs		4,477,434			4,360,878
Selling, general and administrative expenses		5,104,119			5,249,019
Depreciation and amortization		202,764			194,063
Total operating expenses		9,784,317			9,803,960
Income (loss) from operations		146,638			(61,486	)
Other income, net		360,516			397,495
Income before income taxes		507,154			336,009
Provision for income taxes		(118,565	)		(79,416	)
Net income	$	388,589		$	256,593
Net income per share – Basic and diluted	$	0.04		$	0.02
Weighted average number of common shares outstanding
Basic		10,744,826			10,722,401
Diluted		10,843,170			10,761,722

See accompanying notes to condensed financial statements.

Index

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

					Additional					Total
	Common Stock				Paid-in		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Equity
Balance April 1, 2024	10,722,401	$	107,224	$	30,032,766	$	(20,619,704	)	$	9,520,286
Net income	-		-		-		129,186			129,186
Stock-based compensation	-		-		22,620		-			22,620
Balance June 30, 2024	10,722,401	$	107,224	$	30,055,386	$	(20,490,518	)	$	9,672,092
Balance April 1, 2025	10,722,401	$	107,224	$	30,134,016	$	(18,913,147	)	$	11,328,093
Stock options exercised	45,100		451		96,484		-			96,935
Net income	-		-		-		229,527			229,527
Stock-based compensation	-		-		23,183		-			23,183
Balance June 30, 2025	10,767,501	$	107,675	$	30,253,683	$	(18,683,620	)	$	11,677,738

See accompanying notes to condensed financial statements.

Index

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

						Additional					Total
	Common Stock					Paid-in		Accumulated			Stockholders’
		Shares		Amount		Capital		Deficit			Equity
Balance January 1, 2024		10,722,401	$	107,224	$	30,007,773	$	(20,747,111	)	$	9,367,886
Net income		-		-		-		256,593			256,593
Stock-based compensation		-		-		47,613		-			47,613
Balance June 30, 2024		10,722,401	$	107,224	$	30,055,386	$	(20,490,518	)	$	9,672,092
Balance January 1, 2025		10,722,401	$	107,224	$	30,106,731	$	(19,072,209	)	$	11,141,746
Stock options exercised		45,100		451		96,484		-			96,935
Net income		-		-		-		388,589			388,589
Stock-based compensation		-		-		50,468		-			50,468
Balance June 30, 2025		10,767,501	$	107,675	$	30,253,683	$	(18,683,620	)	$	11,677,738

See accompanying notes to condensed financial statements.

Index

CREDITRISKMONITOR.COM, INC.

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(Unaudited)

		2025			2024
Cash flows from operating activities:
Net income	$	388,589		$	256,593
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of bond discount		(94,066	)		(87,915	)
Depreciation and amortization		202,764			194,063
Operating lease right-of-use asset, net		-			2,609
Stock-based compensation		50,468			47,613
Changes in operating assets and liabilities:
Accounts receivable, net		(1,083,584	)		383,935
Other current assets		20,879			(259,658	)
Unexpired subscription revenue		1,041,958			1,210,169
Accounts payable		(100,407	)		(63,148	)
Accrued expenses		(263,634	)		(123,660	)
Net cash provided by operating activities		162,967			1,560,601
Cash flows from investing activities:
Proceeds from held-to-maturity securities		1,995,000			1,890,000
Purchase of held-to-maturity securities		(2,936,262	)		(1,900,931	)
Purchase of property and equipment		(214,231	)		(197,264	)
Net cash used in investing activities		(1,155,493	)		(208,195	)
Cash flows from financing activities:
Proceeds from exercise of stock options		96,935			-
Net cash provided by financing activities		96,935			-
Net (decrease) increase in cash and cash equivalents		(895,591	)		1,352,406
Cash and cash equivalents at beginning of period		6,674,473			11,004,937
Cash and cash equivalents at end of period	$	5,778,882		$	12,357,343

See accompanying notes to condensed financial statements.

Index

CREDITRISKMONITOR.COM, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

(1) Overview and Basis of Presentation

CreditRiskMonitor.com, Inc. (the “Company” or “CreditRiskMonitor.com”) provides interactive business-to-business Software-as-a-Service (“SaaS”) subscription products designed specifically for credit and supply chain managers. These products are sold predominantly to corporations located in the United States.

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures required by generally accepted accounting principles (“GAAP”) in the United States for complete financial statements have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the accompanying unaudited condensed financial statements reflect all material adjustments, including normal recurring accruals, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods presented, and have been prepared in a manner consistent with the audited financial statements for the fiscal year ended December 31, 2024.

The results of operations for the three and six months ended June 30, 2025 and 2024 are not necessarily indicative of the results for an entire fiscal year.

The December 31, 2024 condensed balance sheet has been derived from the audited financial statements at that date, but does not include all disclosures required by GAAP. These condensed financial statements should be read in conjunction with the audited financial statements and the footnotes for the fiscal year ended December 31, 2024 included in the Company’s Annual Report on Form 10-K.

(2) Recently Issued Accounting Standards

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment. All disclosure requirements under ASU 2023-07 are also required for public entities with a single reportable segment. The Company adopted ASU 2023-07 on January 1, 2024 and the adoption of this update did not have a significant impact on the Company's financial statements (see Note 9).

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”), which provides for improvements to income tax disclosures primarily related to rate reconciliation and income taxes paid by jurisdiction. This guidance is effective for annual reporting periods beginning after December 15, 2024. The Company is currently evaluating the effects of this pronouncement on its financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement–Reporting Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), to improve disclosures about a public entity’s expenses by requiring disclosure of additional information about the types of expenses commonly presented in the financial statements on an annual and interim basis. This guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of adoption of this pronouncement on its financial statements.

Index

(3) Revenue Recognition

The Company applies FASB Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (Topic 606) (“ASC 606”), to recognize revenue. ASC 606 requires an entity to apply the following five-step approach: (1) identify the contract(s) with a customer; (2) identify each performance obligation in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation; and (5) recognize revenue when or as each performance obligation is satisfied. The Company’s primary source of revenue is subscription income which is recognized ratably over the subscription term.

(4) Stockholders’ Equity

Stock-Based Compensation

The Company applies ASC 718, Compensation–Stock Compensation (Topic 718) (“ASC 718”), to account for stock-based compensation.

The following table summarizes the stock-based compensation expense for stock options that was recorded in the Company’s results of operations in accordance with ASC 718 for the three and six months ended June 30:

		3 Months Ended				6 Months Ended
		June 30,				June 30,
		2025		2024		2025		2024
Data and product costs	$	9,541	$	7,956	$	18,000	$	15,551
Selling, general and administrative expenses		13,642		14,664		32,468		32,062
	$	23,183	$	22,620	$	50,468	$	47,613

Stock Options

On April 1, 2025, the Company issued 45,100 shares of common stock upon the exercise of stock options. The stock options had a weighted-average exercise price of $2.15 per share. The Company received cash proceeds totaling $96,935 in connection with the exercise of these stock options. The total intrinsic value of the stock options exercised during the three and six months ended June 30, 2025 was approximately $20,325.

There were no stock options exercised during the three and six months ended June 30, 2024.

(5) Fair Value Measurements

The Company’s cash, cash equivalents and marketable securities are stated at fair value. The carrying value of accounts receivable, other current assets, accounts payable, and accrued expenses approximates fair market value because of the short maturity of these financial instruments.

The Company’s cash equivalents are generally classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices.

All held-to-maturity securities as of June 30, 2025 and December 31, 2024 were U.S. Treasury securities. Investments in these government securities are based on quoted market prices in active markets, and are included in the Level 1 fair value hierarchy.

The tables below set forth the Company’s cash and cash equivalents, as well as marketable securities as of June 30, 2025 and December 31, 2024, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.

Index

	June 30, 2025
		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	5,778,882	$	−	$	−	$	5,778,882
Held-to-maturity securities		12,260,803		−		−		12,260,803
	$	18,039,685	$	−	$	−	$	18,039,685
	December 31, 2024
---	---	---	---	---	---	---	---	---
		Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	6,674,473	$	−	$	−	$	6,674,473
Held-to-maturity securities		11,225,475		−		−		11,225,475
	$	17,899,948	$	−	$	−	$	17,899,948

The Company did not hold financial assets and liabilities which were recorded at fair value in the Level 2 or 3 categories as of June 30, 2025 and December 31, 2024, respectively.

The preceding methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

(6) Marketable Securities

Based upon the Company’s intent and ability to hold its U.S. Treasury securities to maturity, such securities have been classified as held-to-maturity and are carried at amortized cost, which approximates fair market value. Maturities on these U.S. Treasury security holdings range from 19 to 25 months from the date of purchase. Accrued bond interest receivable as of June 30, 2025 and December 31, 2024 was $97,632 and $79,497, respectively.

The tables below summarize the Company’s cost and fair value of marketable securities as of June 30, 2025 and December 31, 2024:

	June 30, 2025
		Amortized Cost		Gross Unrealized Gain		Fair Value
Held-to-maturity securities
U.S. Treasury securities	$	12,260,803	$	157,197	$	12,418,000
	December 31, 2024
---	---	---	---	---	---	---
		Amortized Cost		Gross Unrealized Gain		Fair Value
Held-to-maturity securities
U.S. Treasury securities	$	11,225,475	$	227,525	$	11,453,000

Maturities of marketable securities were as follows as of June 30, 2025 and December 31, 2024:

		June 30,		December 31,
		2025		2024
Held-to-maturity securities:
Due in one year or less	$	3,750,803	$	2,467,475
Due in 12 – 20 months		8,510,000		8,758,000
	$	12,260,803	$	11,225,475

Index

The Company’s investments in marketable securities consist of investments in U.S. Treasury securities. Market values were determined for each individual security in the investment portfolio.

Management evaluates securities for other-than-temporary impairment at least on an annual basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Management has determined that no other-than-temporary impairment exists as of June 30, 2025.

(7) Net Income per Share

Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.

	3 Months Ended				6 Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Weighted average common shares outstanding – basic	10,767,501		10,722,401		10,744,826		10,722,401
Potential shares exercisable under stock option plans	311,673		227,357		312,731		257,679
Less: Shares which could be repurchased under treasury stock method	(226,100	)	(192,697	)	(214,387	)	(218,358	)
Weighted average common shares outstanding – diluted	10,853,074		10,757,061		10,843,170		10,761,722

For the three and six months ended June 30, 2025, the computation of diluted net income per share excludes the effects of the assumed exercise of 501,450 and 500,450 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.

For the three and six months ended June 30, 2024, the computation of diluted net income per share excludes the effects of the assumed exercise of 645,050 and 615,050 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.

(8) Commitments and Contingencies

From time to time, the Company is involved in various legal proceedings arising in the ordinary course of business. The Company records a liability when it believes that a loss will be incurred and the amount of loss or range of loss can be reasonably estimated. Based on the currently available information, the Company does not believe that there are claims or legal proceedings that would have a material adverse effect on the business, or the condensed financial statements of the Company.

(9) Segment Reporting

The Company has a single operating and reportable segment: SaaS subscription products. This segment includes add-ons and enhancements that can only be accessed with an active base subscription to its SaaS subscription products. The products are used mainly by subscribers to analyze commercial financial risk for the purpose of extending trade credit and managing the counterparty risk associated with these relationships.

The Company’s CODM is its Chief Executive Officer and President. The CODM makes operating decisions, assesses performance and allocates resources using the entity-wide revenue and expense information reported on the Condensed Statements of Operations and the more detailed significant expense categories disclosed in the table below. The primary measure of segment profit is net income as reported on the Condensed Statements of Operations.

Index

	3 Months Ended						6 Months Ended
	June 30,						June 30,
		2025			2024			2025			2024
Segment operating revenues	$	5,059,542		$	4,933,767		$	9,930,955		$	9,742,474
Less:
Significant segment expenses
Data and product costs
Employee expenses		1,393,423			1,380,745			2,891,536			2,841,933
Data feed expenses		516,966			489,958			1,051,868			973,058
Hosting and computer services expenses		86,527			69,938			145,241			109,751
Other data and product costs		197,144			232,543			388,789			436,136
Data and product costs subtotal		2,194,060			2,173,184			4,477,434			4,360,878
Selling, general and administrative expenses
Employee expenses		1,932,924			2,014,253			3,847,035			4,023,250
Professional fee expenses		205,441			170,649			308,547			317,484
Marketing expenses ^(1)^		203,062			268,373			411,853			485,921
Occupancy expenses ^(2)^		113,694			106,366			224,038			216,304
Other general and administrative expenses		172,047			125,692			312,646			206,060
Selling, general and administrative expenses subtotal		2,627,168			2,685,333			5,104,119			5,249,019
Other significant segment items
Depreciation and amortization		117,044			100,894			202,764			194,063
Other (income), net		(179,684	)		(195,735	)		(360,516	)		(397,495	)
Provision for income taxes		71,427			40,905			118,565			79,416
Segment net income	$	229,527		$	129,186		$	388,589		$	256,593

^(1)^ Marketing expenses include vendors, trade show conferences, and promotional materials.

^(2)^ Occupancy expenses include rent, utilities, repairs, and office supplies.

Index

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Business Environment

The continuing uncertainty in the worldwide financial system has negatively impacted general business conditions. It is possible that a weakened economy could adversely affect our subscribers’ discretionary spending for financial risk information, or even their solvency, but the Company cannot predict whether or to what extent this may occur.

Our strategic priorities and plans for 2025 are to continue to build on the improvement initiatives underway to enhance our value proposition to subscribers while continuing to achieve sustainable, profitable growth.

Financial Condition, Liquidity and Capital Resources

The following table presents selected financial information and statistics as of June 30, 2025 and December 31, 2024 (dollars in thousands):

		June 30,		December 31,
		2025		2024
Cash and cash equivalents	$	5,779	$	6,674
Held-to-maturity securities, current	$	3,751	$	2,467
Accounts receivable, net	$	4,715	$	3,631
Working capital	$	1,446	$	565
Cash ratio		0.42		0.51
Quick ratio		1.04		0.97
Current ratio		1.11		1.04
Held-to-maturity securities, non-current	$	8,510	$	8,758

As of June 30, 2025, the Company had approximately $5.8 million in cash and cash equivalents, a decrease of approximately $896 thousand from December 31, 2024. This decrease was primarily the result of net cash used in investing activities with a shift towards U.S. Treasury securities. The Company had approximately $12.3 million in total held-to-maturity assets (current and non-current) comprised of U.S. Treasury securities as compared to approximately $11.2 million in December 31, 2024.

The main component of current liabilities at June 30, 2025 was unexpired subscription revenue of approximately $11.8 million, which should not require significant future cash outlay as this is annual reoccurring revenue, other than the cost of preparation and delivery of the applicable SaaS subscription products, which cost much less than the unexpired subscription revenue shown. Unexpired subscription revenue is recognized as income over the subscription term, which approximates 12 months.

The Company has no bank lines of credit or other currently available credit sources.

The Company believes that its existing balances of cash and cash equivalents and cash generated from operations will be sufficient to satisfy its anticipated cash requirements through at least the next 12 months and the foreseeable future. Moreover, the Company has no debt. However, the Company’s liquidity could be negatively affected if it were to make an acquisition or license products or technologies, which may require the need to raise additional capital through future debt or equity financing. Additional financing may not be available or on terms favorable to the Company.

Off-Balance Sheet Arrangements

The Company is not a party to any off-balance sheet arrangements.

Index

Results of Operations

	3 Months Ended June 30,
		2025					2024
				% of Total					% of Total
				Operating					Operating
		Amount		Revenues			Amount		Revenues
Operating revenues	$	5,059,542		100	%	$	4,933,767		100	%
Operating expenses:
Data and product costs		2,194,060		44	%		2,173,184		44	%
Selling, general and administrative expenses		2,627,168		52	%		2,685,333		55	%
Depreciation and amortization		117,044		2	%		100,894		2	%
Total operating expenses		4,938,272		98	%		4,959,411		101	%
Income (loss) from operations		121,270		2	%		(25,644	)	(1	)%
Other income, net		179,684		4	%		195,735		4	%
Income before income taxes		300,954		6	%		170,091		3	%
Provision for income taxes		(71,427	)	(1	)%		(40,905	)	0	%
Net income	$	229,527		5	%	$	129,186		3	%

Operating revenues increased approximately $126 thousand, or 3%, for the second quarter of fiscal 2025 compared to the same period of fiscal 2024. This overall revenue growth resulted from an increase in SaaS subscription product revenue, attributable to increased sales to new and existing subscribers, as well as related price increases for subscriptions.

Data and product costs increased approximately $21 thousand, or 1%, for the second quarter of fiscal 2025 compared to the same period of fiscal 2024. This increase was due primarily to (i) higher salary and related employee benefits due to new hires and pay raises to existing staff, (ii) higher costs of third-party content due to price increases instituted by some of the Company’s major suppliers, and (iii) higher hosted facility costs driven by increased production demands and the expiration of the leased office space on July 31, 2025.

Selling, general and administrative expenses decreased approximately $58 thousand, or 2%, for the second quarter of fiscal 2025 compared to the same period of fiscal 2024. This decrease was due primarily to (i) lower customer acquisition costs during the second quarter of fiscal 2025 and (ii) enhanced marketing efficiency through more strategic participation in trade shows, conferences and media/PR outreach.

Other income decreased approximately $16 thousand, or 8%, for the second quarter of fiscal 2025 compared to the same period of fiscal 2024. This decrease was due to a shift in cash management strategy from institutional money market funds towards longer duration U.S. Treasury securities in anticipation of a reduction in rates. Short-term interest rate levels on institutional money market funds are lower in the second quarter of fiscal 2025, relative to the second quarter of fiscal 2024. Accordingly, management believes the decision to invest in U.S. Treasury security holdings with maturities ranging from 19 to 25 months, from date of purchase, reflected prudent risk management.

Index

	6 Months Ended June 30,
	2025						2024
				% of Total					% of Total
				Operating					Operating
		Amount		Revenues			Amount		Revenues
Operating revenues	$	9,930,955		100	%	$	9,742,474		100	%
Operating expenses:
Data and product costs		4,477,434		45	%		4,360,878		45	%
Selling, general and administrative expenses		5,104,119		52	%		5,249,019		54	%
Depreciation and amortization		202,764		2	%		194,063		2	%
Total operating expenses		9,784,317		99	%		9,803,960		101	%
Income (loss) from operations		146,638		1	%		(61,486	)	(1	)%
Other income, net		360,516		4	%		397,495		4	%
Income before income taxes		507,154		5	%		336,009		3	%
Provision for income taxes		(118,565	)	(1	)%		(79,416	)	(1	)%
Net income	$	388,589		4	%	$	256,593		2	%

Operating revenues increased approximately $188 thousand, or 2%, for the first half of fiscal 2025 compared to the same period of fiscal 2024. This overall revenue growth resulted from an increase in SaaS subscription product revenue, attributable to increased sales to new and existing subscribers, as well as related price increases for subscriptions.

Data and product costs increased approximately $117 thousand, or 3%, for the first half of fiscal 2025 compared to the same period of fiscal 2024. This increase was due primarily to (i) higher salary and related employee benefits due to new hires and pay raises to existing staff, (ii) higher costs of third-party content due to price increases instituted by some of the Company’s major suppliers, and (iii) higher hosted facility costs driven by increased production demands and the expiration of the leased office space on July 31, 2025.

Selling, general and administrative expenses decreased approximately $145 thousand, or 3%, for the first half of fiscal 2025 compared to the same period of fiscal 2024. This decrease was due primarily to (i) lower customer acquisition costs during the second quarter of fiscal 2025 and (ii) enhanced marketing efficiency through more strategic participation in trade shows, conferences and media/PR outreach.

Other income decreased approximately $37 thousand, or 9%, for the first half of fiscal 2025 compared to the same period of fiscal 2024. This decrease was due to a shift in cash management strategy from institutional money market funds towards longer duration U.S. Treasury securities in anticipation of a reduction in rates. Short-term interest rate levels on institutional money market funds are lower in the first half of fiscal 2025, relative to the first half of fiscal 2024. Accordingly, management believes the decision to invest in U.S. Treasury security holdings with maturities ranging from 19 to 25 months, from date of purchase, reflected prudent risk management.

Index

Future Operations

The Company over time intends to expand its operations by expanding the breadth and depth of its product and service offerings and by introducing new and complementary products. Gross margins attributable to new business areas may be lower than those associated with the Company’s existing business activities.

The Company’s current and future expense levels are based largely on its investment plans and estimates of future revenues. To a large extent, these costs do not vary with revenue. Sales and operating results generally depend on the Company’s ability to attract and retain subscribers as well as the volume and timing of the subscriptions for the Company’s products, which are difficult to forecast. The Company may be unable to adjust spending in a timely manner to compensate for any unexpected revenue shortfall. Accordingly, any significant shortfall in revenues in relation to the Company’s planned expenditures would have an immediate adverse effect on the Company’s business, prospects, financial condition and results of operations. Further, as a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service, marketing or acquisition decisions that could have a material adverse effect on its business, prospects, financial condition and results of operations.

Achieving greater profitability depends on the Company’s ability to generate and sustain increased revenue levels. The Company believes that its success will depend in large part on its ability to (i) increase its brand awareness, (ii) provide its subscribers with outstanding value, thus encouraging renewals, and (iii) achieve sufficient sales volume to realize economies of scale. Accordingly, the Company intends to continue to increase the size of its sales force and customer service staff as well as invest in product development, operating infrastructure, marketing and promotion. The Company believes that these expenditures will help it to sustain the revenue growth it has experienced over the last several years. The Company anticipates that sales and marketing expenses will continue to increase in dollar amount and as a percentage of revenues into 2025 and future periods as the Company continues to expand its business on a worldwide basis. Further, the Company expects that product development expenses will also continue to increase in dollar amount and may increase as a percentage of revenues into 2025 and future periods because it expects to employ more development personnel on average compared to prior periods and build the infrastructure required to support the development of new and improved products and services. However, as some of these expenditures are discretionary in nature, the Company expects that the actual amounts incurred will be in line with its projections of future cash flows in order not to negatively impact its future liquidity and capital needs. There can be no assurance that the Company will be able to achieve these objectives within a meaningful time frame.

The Company expects to experience fluctuations in its future quarterly operating results due to a variety of factors, some of which are outside the Company’s control. Factors that may adversely affect the Company’s quarterly operating results include, among others, (i) the Company’s ability to retain existing subscribers, attract new subscribers at a steady rate and maintain customer satisfaction, (ii) the Company’s ability to maintain gross margins in its existing business and in future product lines and markets, (iii) the development of new services and products by the Company and its competitors, (iv) price competition, (v) the Company’s ability to obtain products and services from its vendors, including information suppliers, on commercially reasonable terms, (vi) the Company’s ability to upgrade and develop its systems and infrastructure, and adapt to technological change, (vii) the Company’s ability to attract and retain personnel in a timely and effective manner, (viii) the Company’s ability to manage effectively its development of new business segments and markets, (ix) the Company’s ability to successfully manage the integration of operations and technology of acquisitions or other business combinations, (x) technical difficulties, system downtime, cybersecurity breaches, or Internet brownouts, (xi) the amount and timing of operating costs and capital expenditures relating to the Company’s business, operations and infrastructure, (xii) governmental regulation and taxation policies, (xiii) disruptions in service by common carriers due to strikes or otherwise, (xiv) risks of fire or other casualty, (xv) litigation costs or other unanticipated expenses, (xvi) interest rate risks and inflationary pressures, and (xvii) general economic conditions and economic conditions specific to the Internet and online commerce.

Due to the foregoing factors, the Company believes that period-to-period comparisons of its operating revenues and results are not necessarily meaningful and should not be relied on as an indication of future performance.

Index

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts contained herein, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding our results of operations; financial position and performance; liquidity and our ability to fund business operations and initiatives; capital expenditure; business strategies, plans and goals, including those related to marketing, expansion of our business; industry trends; general economic conditions, including inflation, interest rates and other pricing pressures that could impact our operating margins; expectations regarding consumer behaviors and trends; our culture and operating philosophy; human resource management; legal proceedings; and our objectives for future operations. The words “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” “likely,” “opportunity,” “may,” “could,” “outlook,” “can,” “trend,” “might,” “drives,” “hope,” “potential,” “project,” “predict,” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based largely on our current expectations and projections about future events and financial or other trends that the Company believes may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Any forward-looking statement speaks only as of the date it is made. These forward-looking statements are subject to inherent uncertainties, risks, changes in circumstances and other important factors that are difficult to predict. Moreover, the Company operates in a very competitive and rapidly changing environment in which new risks emerge from time to time. It is not possible for our management to predict all risks, nor can the Company assess the impact of all important factors on our business or the extent to which any factor, or combination of such factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed may not occur and our financial condition and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. In other words, these statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. The Company cautions you therefore against relying on these forward-looking statements. Some of the important factors that could cause actual results to differ from our expectations include regional, national, or global political, economic, business, competitive, market and regulatory conditions and the other important factors included in this report under sections captioned “Business Environment,” “Results of Operations,” and “Future Operations,” among others, as well as those described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 in “Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations”. The Company qualifies all of its forward-looking statements by these cautionary statements. Except as required by applicable law, the Company does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

Item 4.

Controls and Procedures

The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this report. Based on that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective to ensure that all material information required to be disclosed by us in reports that we file or submit under the Exchange Act are accumulated and communicated to them as appropriate to allow timely decisions regarding required disclosure and that all such information is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms.

There have been no changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended) during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Limitations of the Effectiveness of Internal Control

A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the internal control system are met. Because of the inherent limitations of any internal control system, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected.

Index

PART II. OTHER INFORMATION

Item 5.

Other Information

Nothing to report.

Item 6.

Exhibits

31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

Index

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	CREDITRISKMONITOR.COM, INC.
		(REGISTRANT)
Date: August 6, 2025	By:	/s/ Jennifer Gerold
		Jennifer Gerold
		Chief Financial Officer
		(Principal Accounting Officer)

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT

TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael I. Flum, certify that:

I have reviewed this Quarterly Report on Form 10-Q of CreditRiskMonitor.com, Inc.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal controls over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: August 6, 2025	By:<br><br><br><br> /s/ Michael I. Flum
		Michael I. Flum
		Chief Executive Officer and President

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT

TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Jennifer Gerold, certify that:

I have reviewed this Quarterly Report on Form 10-Q of CreditRiskMonitor.com, Inc.;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: August 6, 2025	By:<br><br><br><br> /s/ Jennifer Gerold
		Jennifer Gerold
		Chief Financial Officer

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of CreditRiskMonitor.com, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2025, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael I. Flum, Chief Executive Officer and President of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	By: /s/ Michael I. Flum
		Michael I. Flum
		Chief Executive Officer and President
August 6, 2025

This certification is being furnished to the SEC with this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section.

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of CreditRiskMonitor.com, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2025, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jennifer Gerold, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	By: /s/ Jennifer Gerold
		Jennifer Gerold
		Chief Financial Officer
August 6, 2025