Moatable, Inc. Files Q2 2025 10-Q

TL;DR

Moatable's Q2 10-Q is in: Equity accounts updated, formerly Renren Inc.

AI Summary

Moatable, Inc. filed its 10-Q for the period ending June 30, 2025. The filing details financial information, including changes in equity accounts such as Treasury Stock, Additional Paid-In Capital, and Retained Earnings. The company, formerly known as Renren Inc., is based in Phoenix, AZ, and operates in the prepackaged software industry.

Why It Matters

This filing provides investors with a quarterly update on Moatable, Inc.'s financial health and equity structure, crucial for understanding the company's financial performance and stability.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated.

Key Numbers

• 20250630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20250815 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Moatable, Inc. (company) — Filer of the 10-Q
• Renren Inc. (company) — Former name of Moatable, Inc.
• June 30, 2025 (date) — End of the reporting period
• August 15, 2025 (date) — Filing date
• Phoenix, AZ (location) — Company's business address

FAQ

Key Financial Figures

• $0.001 — our Class A ordinary shares, par value $0.001 per share; (iii) "Lofty" refers to Loft

Filing Documents

• mtbl-20250630x10q.htm (10-Q) — 3191KB
• mtbl-20250630xex10d1.htm (EX-10.1) — 606KB
• mtbl-20250630xex31d1.htm (EX-31.1) — 15KB
• mtbl-20250630xex31d2.htm (EX-31.2) — 15KB
• mtbl-20250630xex32d1.htm (EX-32.1) — 9KB
• 0001410578-25-001838.txt ( ) — 14535KB
• mtbl-20250630.xsd (EX-101.SCH) — 62KB
• mtbl-20250630_cal.xml (EX-101.CAL) — 59KB
• mtbl-20250630_def.xml (EX-101.DEF) — 325KB
• mtbl-20250630_lab.xml (EX-101.LAB) — 539KB
• mtbl-20250630_pre.xml (EX-101.PRE) — 434KB
• mtbl-20250630x10q_htm.xml (XML) — 3389KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets – December 31, 2024 and June 30, 2025 1 Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income – F or The Three Months and Six Months Ended June 30, 2024 and 2025 3 Condensed Consolidated Statements of Changes in Equity – F or The Three Months and Six Months Ended June 30, 2024 and 2025 5 Condensed Consolidated Statements of Cash Flows – F or The Six Months Ended June 30, 2024 and 2025 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

OTHER INFORMATION

Part II. OTHER INFORMATION 38 Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3. Defaults Upon Senior Securities 38 Item 4. Mine Safety Disclosures 38 Item 5. Other Information 38 Item 6. Exhibits 39

SIGNATURES

SIGNATURES 40 i Table of Contents NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, financial or operating performance. Forward-looking statements often include words such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, risks, or intentions. Forward-looking statements include, among other things, statements regarding: future financial performance including statements about our revenue, cost of sales, gross margins, operating expenses, and business strategies; predictions regarding the size and growth potential of the markets for our products or our ability to serve those markets; ability to retain our customer base, grow the average subscription revenue per customer, or sell additional products and services to the customer base; ability to expand our sales organization or research and development activities to address existing markets and serve new markets; anticipate and address the technological or service needs of our customers, to release upgrades to our existing software platforms, and to develop new and enhanced applications to meet the needs of our customers; likelihood of macro-economic events that may impact the ability to operate within certain markets or disrupt the flow of products and services such as pandemics, wars, and deterioration of relations between sovereign entities; future regulatory, judicial, and legislative changes or developments in the U.S. and foreign countries, particularly those in which we operate and sell products, including China; regulatory changes, business relationships and opera

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS MOATABLE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND JUNE 30, 2025 (In thousands, except per share amounts and shares) (Unaudited) As of December 31, June 30, 2024 2025 ASSETS Current assets Cash and cash equivalents $ 26,642 $ 17,121 Restricted cash 5,280 5,000 Short-term investments 4,980 — Accounts receivable, net 3,705 4,687 Amounts due from related party 663 672 Prepaid expenses and other current assets, net 2,672 3,060 Total current assets 43,942 30,540 Non-current assets Property and equipment, net 6,105 6,057 Intangible assets, net 1,927 2,596 Goodwill 2,658 4,995 Long-term investments 13,286 13,510 Right-of-use assets 1,340 1,309 Other non-current assets 210 248 Total non-current assets 25,526 28,715 TOTAL ASSETS $ 69,468 $ 59,255 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 2,413 $ 1,767 Accrued expenses and other current liabilities 13,615 14,443 Operating lease liabilities - current 473 535 Amounts due to related party 623 635 Deferred revenue 4,577 4,842 Income tax payable 1,889 1,238 Total current liabilities 23,590 23,460 Non-current liabilities Operating lease liabilities - non-current 763 739 Deferred tax liabilities 354 386 Other non-current liabilities — 898 Total non-current liabilities 1,117 2,023 TOTAL LIABILITIES $ 24,707 $ 25,483 1 Table of Contents MOATABLE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS- continued DECEMBER 31, 2024 AND JUNE 30, 2025 (In thousands, except per share amounts and shares) (Unaudited) As of December 31, June 30, 2024 2025 Commitments and contingencies (Note 13) — — Shareholders' equity Class A ordinary shares, $ 0.001 par value, 3,000,000,000 shares authorized; 710,414,011 shares issued and 632,894,266 shares outstanding as of

View Full Filing

View this 10-Q filing on SEC EDGAR