Kidoz Inc. Q1 2026 Financial Results and Quarterly Report

Kidoz Inc. filed its Form 6-K for the first quarter ended March 31, 2026, reporting mixed financial results. The company generated $2.95 million in revenue, up 7.6% from $2.74 million in Q1 2025. However, the company reported a net loss of $814,564 compared to net income of $60,142 in the prior year period. The loss was driven by increased operating expenses including software technology development costs of $1.11 million (up 30.4%) and higher selling and marketing expenses of $626,100 (up 95.4%). Cash decreased from $4.45 million to $3.28 million during the quarter, primarily due to negative operating cash flow of $1.17 million. Accounts receivable decreased from $5.03 million to $3.73 million, while accounts payable decreased from $3.51 million to $1.47 million. The company maintains $3.30 million in goodwill from the Kidoz Ltd. acquisition and has $156,066 in intangible assets. Stockholders' equity declined from $8.64 million to $7.87 million, with accumulated deficit increasing to $44 million. The filing includes condensed financial statements, management discussion, and CEO/CFO certifications. Kidoz operates in the children's digital advertising and content space through subsidiaries in Canada, Israel, Anguilla, and the UK.