Triller Group Posts $85.3M Net Loss in H1 2025 as Operating Expenses Surge 202%

Triller Group Inc. reported a net loss of $85.3 million for the six months ending June 30, 2025, compared to a net loss of $19.4 million in the same period a year earlier. The Delaware-incorporated company's loss widened by 339% as operating expenses surged across all categories. Read more earnings reports.

Revenue fell 18% to $10.3 million in the first half of 2025 from $12.6 million in the prior-year period. For the second quarter alone, revenue rose 12% to $5.5 million from $4.9 million a year earlier.

Operating Expenses Triple Year-Over-Year

Operating expenses jumped 202% to $83.3 million for the six-month period from $27.6 million a year earlier. Labor and related expenses nearly quintupled to $56.1 million from $11.5 million. General and administrative expenses rose 72% to $3.9 million from $2.3 million, while research and development expenses more than tripled to $3.1 million from $953,000.

In the second quarter, the company posted a net loss of $32.2 million compared to $11.4 million in the prior-year quarter. Operating expenses for the quarter reached $34.4 million, up from $12.3 million a year earlier.

Balance Sheet Deterioration Continues

Total assets declined to $45.4 million as of June 30, 2025, from $50.6 million at year-end 2024. Cash and cash equivalents dropped to $2.1 million from $3.1 million over the same period. Accounts receivable fell to $1.1 million from $2.9 million.

Total liabilities climbed to $327.7 million from $296.5 million at the end of 2024. All liabilities were classified as current as of June 30, 2025. The company's stockholders' deficit widened to $282.3 million from $246.0 million at year-end.

Cash Burn Accelerates

Cash used in operations totaled $20.4 million for the six months ending June 30, 2025, compared to $14.2 million in the prior-year period. The company generated $1.5 million from investing activities and raised $15.0 million through financing activities during the first half of 2025.

Interest expense increased to $1.4 million for the six-month period from $299,000 a year earlier. Income tax expense totaled $55,000 compared to $61,000 in the prior-year period.

Share Count Increases

Common shares outstanding rose to 197.3 million as of June 30, 2025, from 138.1 million at year-end 2024. Weighted average basic shares outstanding for the six-month period were 172.1 million compared to 38.3 million a year earlier.

Basic and diluted earnings per share for the first half of 2025 were negative $0.50, compared to negative $0.51 in the prior-year period. For the second quarter, EPS was negative $0.30 compared to negative $0.30 a year earlier.

*As of December 31, 2024