Onfolio Holdings Inc. (NASDAQ:ONFO) shares fell 26.58% in Wednesday’s after-hours trading after the company reported second-quarter 2026 results showing lower revenue and a wider loss.
The stock closed Wednesday’s regular session up 9.72% at $2.37. It fell 26.58% to $1.74 in after-hours trading.
Onfolio Holdings acquires controlling interests in and actively manages online businesses. The company operates through two segments, Business to Business and Business to Consumer.
Second-Quarter Revenue Falls
Onfolio reported second-quarter 2026 revenue of $1.50 million, compared with $3.15 million in the second quarter of 2025.
The company reported a net loss attributable to Onfolio Holdings Inc. of $4.54 million in the second quarter of 2026, compared with a loss of $569,604 in the second quarter of 2025.
Loss per common share was $35.57, compared with $6.49 in the year-ago quarter.
B2B revenue decreased 38% in the second quarter of 2026, while B2C revenue decreased 76%. The company said the B2B decline was primarily due to lower revenue at Eastern Standard and other agency subsidiaries. The B2C decline was primarily due to lower digital product sales at Proofread Anywhere and the absence of revenue from businesses divested during 2026.
Management Says Portfolio Lacks Scale
The company said the second quarter of 2026 was challenging, with its portfolio companies focused on preserving cash flow and reducing expenses.
Onfolio said its current portfolio lacks the scale required to achieve consolidated profitability. The company said it believes reaching consolidated profitability requires adding profitable operations through acquisitions and that it is pursuing several opportunities that could be accretive, including opportunities funded through its equity purchase facility.
Going Concern
The company said it has not yet achieved consistent profitable operations and expects to incur further losses, raising substantial doubt about its ability to continue as a going concern.
Management and its auditor have concluded that substantial doubt exists regarding the company’s ability to continue as a going concern. The company said its cash and future operating cash flows may not provide adequate resources to fund ongoing cash requirements for the next 12 months.
Nasdaq Listing Matters
Onfolio received a Nasdaq notice on July 2 stating that its closing bid price had remained below $1 for 30 consecutive business days. The company has until Dec. 29, 2026, to regain compliance.
On Aug. 10, 2026, the company completed a 1-for-50 reverse stock split as part of its effort to regain compliance with Nasdaq’s minimum bid-price requirement. The company also previously received a Nasdaq notice regarding the $2.5 million minimum stockholders’ equity requirement, with its compliance plan remaining under review.
Price Action
Onfolio Holdings has a market capitalization of approximately $2.03M.
The stock has a 52-week high of $123.92 and a 52-week low of $2.06.
ONFO shares are down 95.31% over the past year.
Benzinga’s Edge Stock Rankings indicate that ONFO stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors
Photo Courtesy: Kumotion on Shutterstock.com
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