TORONTO, ON – May 28, 2026 — Reklaim Ltd. (TSX.V: MYID) (OTC: MYIDF) ("Reklaim" or the "Company"), a privacy-first, AI-powered consumer data platform that enables consumers to control, monetize, and remove their personal data from data brokers and third parties, today reported financial results for the three months ended March 31, 2026.
Q1-2026 Financial Highlights
- Revenue increased 42.9% to $1,804,191 compared to $1,262,191 in Q1-2025
- Gross profit increased to $1,363,071 from $1,016,186 in Q1-2025
- Operating expenses decreased 17.9% to $1,003,758 compared to $1,223,324 in Q1-2025
- Net income improved to $364,897 compared to a net loss of ($206,502) in Q1-2025
Revenue growth of 42.9% combined with a 17.9% reduction in operating expenses reflects meaningful operating leverage and continued progress toward a more scalable business model.
The Company's strategic investments made throughout 2025 reached their peak impact in Q3-2025, resulting in a net loss of ($514,636). As the financial impact of these investments stabilized, net loss improved to ($91,835) in Q4-2025 and transitioned to net income of $364,897 in Q1-2026. This progression reflects the realization of prior-year investments and continued improvement in operating efficiency as the Company scales its business.
The Company believes these results validate the investment strategy initiated in 2025, as Reklaim expanded internal capabilities, accelerated AI-driven infrastructure initiatives, and invested in platform development intended to support long-term scalable growth.
Beyond operating performance, Reklaim continues to operate in a favourable regulatory environment. With more than 20 U.S. states now implementing comprehensive privacy legislation and California introducing centralized deletion frameworks through the DELETE Act, the Data Broker Registry, and the Opt-Out Platform (DROP), Reklaim believes demand is increasingly shifting toward consent-based data ecosystems.
In a world increasingly driven by data, demand for compliant and permissioned consumer information continues to grow. As privacy regulations disrupt traditional third-party data supply models, Reklaim believes its direct consumer opt-in infrastructure positions the Company to benefit as market demand for new privacy-first alternatives grows.