Triller Group Posts $53.1M Net Loss in Q1 2025, Six Times Prior Year Deficit

Triller Group Inc. reported a net loss of $53.1 million for the quarter ending March 31, 2025, compared to a loss of $8.1 million in the same period a year earlier. The Delaware-incorporated company burned through cash at an accelerated rate as operating expenses more than tripled. Read more earnings reports.

Revenue declined 38% to $4.8 million in the first quarter from $7.7 million a year earlier. The company's primary revenue stream came from platform-related activities, which generated $4.4 million, down from $6.7 million in the prior-year quarter.

Operating Expenses Surge on Labor Costs

Operating expenses climbed to $49.0 million from $15.3 million in the first quarter of 2024. Labor and related expenses drove the increase, rising to $35.0 million from $6.1 million.

General and administrative expenses increased to $2.7 million from $880,000. Research and development costs grew to $1.7 million from $458,000.

The operating loss widened to $44.2 million from $7.7 million in the year-ago quarter.

Cash Position Weakens

Cash from operations consumed $16.2 million during the quarter, compared to $6.9 million used in the first quarter of 2024. The company raised $11.7 million from financing activities, partially offsetting the operating cash drain.

Cash and cash equivalents stood at $2.1 million as of March 31, 2025, down from $3.1 million at year-end 2024. Combined cash and restricted cash totaled $14.9 million, down from $17.3 million at December 31, 2024.

Balance Sheet Under Pressure

Total assets declined to $45.4 million from $50.6 million at the end of 2024. Current assets fell to $18.3 million from $24.1 million over the same period.

Total liabilities increased to $312.9 million from $296.5 million. Current liabilities rose to $312.6 million from $295.7 million. The company's stockholders' deficit expanded to $267.4 million from $246.0 million.

Accounts receivable dropped to $1.1 million from $2.9 million at year-end.

Share Count Rises

Common shares outstanding increased to 153.3 million as of March 31, 2025, from 138.1 million at December 31, 2024. Basic and diluted loss per share for the quarter was $0.32, compared to $0.24 in the prior-year period, based on weighted average shares outstanding of 165.5 million and 33.9 million, respectively.

Additional paid-in capital grew to $989.5 million from $958.0 million. The accumulated deficit deepened to $1.26 billion from $1.20 billion.