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Creatd (CRTD) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Creatd (CRTD) Q2 2026 earnings results →

Q2 2026 Revenue down 12% year over year to $174K

Creatd made $174K in Q2 2026 (-12% Y/Y): Platform (Creator Subscriptions) $99K, Agency (Managed Services + Branded Content) $71K, Ecommerce $4K. Operating margin n/m, net loss $2.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$174K
Year over year-12%
Operating marginn/m
Net earnings−$2.5M
Operating cash flow−$1.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $174K in Q2 2026, down 12% year over year and down 15% from the previous quarter. Platform (Creator Subscriptions) was the largest line at 57% of revenue. Platform (Creator Subscriptions) lost $24K year over year (down 20%), 106% of the total change.

Gross margin was 81.6%, up 5.9 points from a year earlier. Operating costs exceeded revenue by $2.3M, an operating margin of -1316.9%. Operating expenses fell 11% while revenue fell 12%. The fastest-growing cost line was General & admin (+3151%). The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $14.8M loss.

Operating cash flow was −$1.1M. Non-cash charges added back $4K of depreciation and amortization and $1.4M of share-based compensation. Capital expenditures of $164K exceeded it, leaving free cash flow of −$1.2M.

Quarterly history

Creatd revenue by quarterCreatd revenue by quarter$1.4MQ4 2021$1.0MQ3 2022$799KQ4 2022$986KQ1 2023$699KQ2 2023$438KQ3 2023$174KQ2 2026
Creatd net earnings by quarterCreatd net earnings by quarter−$12.4MQ4 2021−$9.5MQ3 2022−$10.6MQ4 2022−$16.0MQ1 2023−$4.5MQ2 2023−$2.9MQ3 2023−$2.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$174K-12%n/m−$2.5M−$1.1M
Q3 202310-QNov 15, 2023$438K-57%-439.1%−$2.9M−$194K
Q2 202310-QAug 14, 2023$699K-57%-387.9%−$4.5M−$333K
Q1 202310-QMay 18, 2023$986K-27%n/m−$16.0M−$2.9M
Q4 202210-KApr 19, 2023$799K-43%n/m−$10.6M−$2.9M
Q3 202210-QNov 16, 2022$1.0M-13%-584.3%−$9.5M−$3.2M
Q4 202110-KApr 6, 2022$1.4M+715%-863.2%−$12.4M−$4.9M

Charts

Creatd: revenue growth, year over year and quarter over quarterCreatd: revenue growth, year over year and quarter over quarterY/YQ/Q+400%Q4 2021-13%-27%Q3 2022-43%-22%Q4 2022-27%+23%Q1 2023-57%-29%Q2 2023-57%-37%Q3 2023-12%-60%Q2 2026
Latest (Q2 2026): Y/Y -12%, Q/Q -60%.
Creatd: where the cash came from (+) and went (−), TTM to Q2 2026Creatd: where the cash came from (+) and went (−), TTM to Q2 2026Not reconciled−$8.0MNet borrowing (+) / repaid (−)$2.5MOther investing$2.5MOperating cash flow$2.3MShares issued$670KCash drawn (+) / kept (−)$643KOther financing−$419KCapital spending−$181KExchange rates−$330
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Creatd: profit against cash, quarter by quarterCreatd: profit against cash, quarter by quarterNet incomeOperating cash flow−$10.6M−$2.9MQ4 2022−$16.0M−$2.9MQ1 2023−$4.5M−$333KQ2 2023−$2.9M−$194KQ3 2023−$2.0M−$711KQ1 2025−$1.5M$32KQ2 2025−$14.8M−$1.3MQ1 2026−$2.5M−$1.1MQ2 2026
Latest (Q2 2026): Net income −$2.5M, Operating cash flow −$1.1M.
Creatd: diluted shares by fiscal year (split-adjusted)Creatd: diluted shares by fiscal year (split-adjusted)11MFY201919MFY202051MFY202188MFY20221MFY20241MFY2025
-94.9% since FY2019: buybacks shrank the count; earlier years scaled for the 4-for-1 split before FY2025.
Creatd in its industry: growth against margin (7 companies, SIC 4522)Creatd in its industry: growth against margin (7 companies, SIC 4522)revenue growth, year over year →↑ operating marginmedian +13%median -44%VTOLUPFLYXSRFMJTAISOARCRTD (-12%, -100%)
Air Transportation, Nonscheduled; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Creatd

Creatd, Inc. provides economic opportunities for creators through access to its curated social platform called Vocal, enabling creators to share their stories, build an audience, and be rewarded. In addition to revenues generated directly from the platform from subscribers and microtransactions, the existence of Vocal, and the first-party data it produces, has resulted in the creation of numerous derivative business opportunities for the Company. Secondary opportunities with the potential to eventually exceed the core Vocal revenues include well-known brands activating through the Vocal platform under Creatd’s “Vocal for Brands” business unit. In addition to this branded content production, the establishment of a portfolio of consumer brands owned and operated in-house, will similarly leverage the core data and intelligence derived from the Company’s core Vocal platform.

In its own words, from its 10-K, filed Apr 19, 2023.

Creatd against its Air Transportation, Nonscheduled peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median +13%.

CompanyQuarterRevenueY/YOp. margin
CRTD CreatdQ2 2026$174K-12%n/m
VTOL Bristow GroupQ3 2026$438M+13%10.9%
UP Wheels Up ExperienceQ3 2026$165M-11%-30.5%
FLYX FlyexclusiveQ2 2026$111M+22%-5.2%
SRFM Surf Air MobilityQ3 2026$36.5M+25%-43.8%
JTAI Jet.AIQ2 2026$5.3M+139%-50.4%
SOAR Volato GroupQ2 2026$965K-96%-261.1%

Source: Creatd 10-Q on SEC EDGAR · CIK 1357671 · Air Transportation, Nonscheduled

More on CRTD

History

Every quarter: Q2 2026 results · Q3 2023 results · Q2 2023 results · Q1 2023 results · Q4 2022 results · Q3 2022 results · Q4 2021 results

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