Financial Analysis

2025 2024 Portfolio Management Systems Corporate Quotestream $ 8,242,495 $ 7,219,382 Individual Quotestream 1,834,064 1,833,633 Interactive Content & Data APIs 10,177,358 9,689,237 Total revenue $ 20,253,917 $ 18,742,252

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9. INCOME TAXES The Company accounts for income taxes according to the provisions of FASB ASC 740, Income Taxes, which prescribes an asset and liability approach for computing deferred income taxes. Income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign for the years ended December 31, 2025 and 2024 were as follows: 2025 2024 Domestic (2,055,320 ) (1,351,436 ) Foreign (214,580 ) 171,380 Total income (or loss) from continuing operations before income tax $ (2,269,900 ) $ (1,180,056 ) A summary of the provision for income taxes is as follows: 2025 Current: Federal $ - State 47,524 Total current tax provision 47,524 Deferred: Federal - State - Total deferred tax provision - Total provision for income taxes $ 47,524 Reconciliation of income taxes computed at the statutory federal rate to income tax expense (benefit) for the year ended December 31, 2025 is as follows: 2025 Net loss income before income tax $ (2,269,900 ) Tax provision (benefit) at the statutory rate of 21% (476,679 ) 21.00 % State income taxes, net of federal income tax (97,486 ) 4.29 % Stock-based compensation and other non-deductible expenses 33,340 (1.47) % Change in intangibles - 0.00 % Adjustment in respect of prior periods 33,130 (1.46) % Change in other items 12,119 (0.53) % Canadian income tax expense (benefit) 45,062 (1.99) % Change in valuation allowance 498,038 (21.94) % Effective income tax rate $ 47,524 (2.09) % Reconciliation of i …

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5. LEASES The Company has operating leases for corporate offices. The Companys leases have remaining lease terms of 4 to 57 months. Management determines if an arrangement is a lease at inception. Operating lease assets and liabilities are included in operating lease right-of-use assets and operating lease liabilities, respectively, on the Companys consolidated balance sheets. Operating lease expenses are included in General and administrative expenses on the Companys consolidated statements of operations. Operating lease right-of-use assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Companys leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The Company elected the short-term lease exception and therefore only recognize right-of-use assets and lease liabilities for leases with a term greater than one year. When determining lease terms, the Company factors in options to extend or terminate leases when it is reasonably certain that the Company will exercise that option. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. For certain leases the Company accounts for the lease and non-lease components as a single lease component. Supplemental balance …

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Not Yet Adopted In September 2025, the FASB issued ASU No. 2025-06, Intangibles--Goodwill and Other--Internal-Use Software (ASU No. 2025-06), which removes all references to sequential software development project stages and establishes new capitalization criteria. In order for capitalization to begin under the new guidance, management must authorize and commit to funding a project and meet a probable-to-complete recognition threshold. In evaluating whether the probable-to-complete recognition threshold has been met, management is required to consider whether there is a significant development uncertainty associated with the software project. The amendments in this ASU may be applied using (1) a prospective transition approach applying the guidance to new software costs incurred as of the beginning of the period of adoption for all projects, including in-process projects, (2) a retrospective transition approach by recasting comparative periods and recognizing a cumulative-effect adjustment to the opening balance of retained earnings, or (3) a modified transition approach applying the amendments on a prospective basis to new software costs incurred except for in-process projects that, as of the date of adoption the entity determines do not meet the capitalization requirements under the new guidance. ASU No. 2025-06 is effective for the Company in the first quarter of fiscal year 2029. Early adoption is permitted. The Company is currently assessing the impact that the adoption …

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4. RELATED PARTIES The Company entered into a five-year office lease with 410734 B.C. Ltd. effective May 1, 2021 for approximately $6,500 per month. David M. Shworan, CEO of Quotemedia Ltd., is a control person of 410734 B.C. Ltd. At December 31, 2025 $41,679.09 was due to 410734 B.C. Ltd. and at December 31, 2024 $13,367 was due to 410734 B.C. Ltd. The Company pays a monthly marketing service fee of $3,000 to Bravenet Web Services, Inc. (Bravenet). At December 31, 2025 and 2024, there was $64,483 and $28,483 due to Bravenet related to this agreement, respectively. Also, on February 25, 2025, Bravenet advanced the Company $72,000. There are no fixed repayment terms and no interest charged on the advance. David M. Shworan is a control person of Bravenet. As of December 31, 2025 and 2024, there were $139,670 and $185,002 in unreimbursed expenses owed to Keith Randall, CEO of Quotemedia, Inc., respectively. Amounts due to related parties are included in accounts payable and accrued liabilities. As a matter of policy all significant related party transactions are subject to review and approval by the Companys Board of Directors. …

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2. REVENUE Disaggregated Revenue The Company provides market data, financial web content solutions and cloud-based applications. The Companys revenue by type of service consists of the following for the years ended December 31, 2025 2024 Portfolio Management Systems Corporate Quotestream $ 8,242,495 $ 7,219,382 Individual Quotestream 1,834,064 1,833,633 Interactive Content & Data APIs 10,177,358 9,689,237 Total revenue $ 20,253,917 $ 18,742,252 Deferred Revenue Changes in deferred revenue were as follows for the years ended December 31, 2025 2024 Beginning balance $ 2,401,479 $ 1,831,949 Revenue recognized during the year from the amounts in the beginning balance (1,740,694 ) (1,480,421 ) New deferrals, net of amounts recognized in the current year 1,235,211 2,020,828 Effects of foreign currency translation (23,340 ) 29,123 Total deferred revenue $ 1,872,656 $ 2,401,479 Current portion of deferred revenue $ 1,589,900 $ 1,704,743 Long-term portion of deferred revenue 282,756 696,736 Total deferred revenue $ 1,872,656 $ 2,401,479 For contracts greater than one year in duration, revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, was $3.7 million as of December 31, 2025. We expect to recognize approximately 97% of our total remaining performance obligation revenue over the next 12 months and the remainder thereafter. Practical Expedients The Company applies a pr …

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14. SEGMENT REPORTING The Company operates in one operating segment and one reportable segment, distributor of financial market data. The Company specializes in the collection, aggregation, and delivery of both delayed and real-time financial data via the Internet. The Company develops software components that deliver dynamic content to banks, brokerage firms, financial institutions, mutual fund companies, online information and financial portals, media outlets, public companies, and corporate intranets. The company derives revenue primarily in North America and manages the business activities on a consolidated basis. The technology used in customer arrangements is based on a single software platform that is deployed to and implemented by customers in a similar manner. The service term for the software arrangements is variable, with the median term being approximately one year. The accounting policies of the financial market data segment are the same as those described in the summary of accounting policies. The CODM assesses performance and decides how to allocate resources based on consolidated net income (loss) that is also reported on the consolidated statements of operations and comprehensive income (loss) as consolidated net income (loss). The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. The CODM also uses consolidated gross profit to evaluate income generated from segment assets (return on assets) in deciding whe …

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1. SIGNIFICANT ACCOUNTING POLICIES a) Nature and continuance of operations Quotemedia, Inc. (the Company) is a software developer and distributor of financial market data and related services to a global marketplace. The Company specializes in the collection, aggregation, and delivery of both delayed and real-time financial data content via the Internet. The Company develops software components that deliver dynamic content to banks, brokerage firms, financial institutions, mutual fund companies, online information and financial portals, media outlets, public companies, and corporate intranets. These consolidated financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $23,505,303 and further losses are anticipated in the development of its business. The Company does not have sufficient cash to fund normal operations and meet debt obligations for the next 12 months without deferring payment on certain current liabilities and/or raising additional funds. In order to continue to meet its fiscal obligations in the current fiscal year and beyond, the Company may need to seek additional financing. This raises substantial doubt about the Companys ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and r …

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10. REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS (DEFICIT) EQUITY a) Redeemable convertible preferred shares The Company is authorized to issue up to 10,000,000 non-designated preferred shares at the Board of Directors discretion. A total of 550,000 shares of the Companys preferred stock are designated as Series A Redeemable Convertible Preferred Stock. The Series A redeemable convertible preferred stock has no dividend or voting rights. At December 31, 2025 and 2024, 123,685 shares of Series A redeemable convertible preferred stock were outstanding. No shares of Series A redeemable convertible preferred stock were issued or redeemed during the years ended December 31, 2025 and 2024. Redemption Rights Holders of Series A redeemable convertible preferred stock shall have the right to convert their shares into shares of common stock at the rate of 83.33 shares of common stock for one share of Series A redeemable convertible preferred stock, at any time following the date the closing price of a share of common stock on a securities exchange or actively traded over-the-counter market has exceeded $0.30 for ninety (90) consecutive trading days. The conversion rights are subject to the availability of authorized but unissued shares of common stock. In the event of any liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary, before any distribution or payment is made to any holders of any shares of common stock, the holders of shares of Se …

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15. SUBSEQUENT EVENTS The Company has evaluated events up to the filing date of these consolidated financial statements and determined there are no other subsequent event activity required disclosure.

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