Creatd files Form S-1, reports Q1 revenue of $204,000
Creatd, Inc. reported Q1 2026 revenue of $204,000 and total assets of $12.1 million, driven by the disposition of Flyte. The company filed a Form S-1 with the SEC to re-establish reporting status and pursue an uplisting. The annual meeting was rescheduled to August 3, 2026, with a record date of June 26, 2026.
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Creatd, Inc. reported revenue of approximately $204,000 for the quarter ended March 31, 2026, alongside the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to re-establish SEC reporting status. The company ended the quarter with total assets of approximately $12.1 million, bolstered by significant consideration from the disposition of Flyte to Catheter Precision, Inc. (NYSE: VTAK). Founder and CEO Jeremy Frommer highlighted the milestone, emphasizing the commitment to transparency and disciplined execution.
First Quarter Financial Performance
For the quarter ended March 31, 2026, Creatd reported gross profit of approximately $202,000. The company held approximately $250,000 in cash and cash equivalents and total current assets of approximately $10.9 million. Results included approximately $11.3 million in stock-based compensation expense and approximately $1.2 million in debt discount accretion, which materially impacted net income but did not affect cash position or enterprise value.
| Financial Metric | Amount |
|---|---|
| Revenue | $204,000 |
| Gross Profit | $202,000 |
| Cash and Cash Equivalents | $250,000 |
| Total Current Assets | $10.9 million |
| Total Assets | $12.1 million |
Balance Sheet and Strategic Transactions
The balance sheet reflects a preferred stock receivable valued at approximately $5.6 million and a promissory note receivable valued at approximately $4.8 million from the Flyte disposition. Creatd maintains a significant equity position in VTAK and acts as a strategic advisor for technology development and product innovation. During the quarter, the company generated approximately $981,000 of cash from investing activities and expanded its portfolio with control positions in Vocal, Inc. and OG Collection, Inc.
SEC Registration and Corporate Governance
Creatd filed the Form S-1 registration statement to enhance transparency and improve accessibility for investors, setting the stage for a planned uplist to a national exchange. The company revised the record date for its 2026 Annual Meeting of Shareholders to Friday, June 26, 2026, and the meeting date to Monday, August 3, 2026. Shareholders of record as of June 26, 2026, will be entitled to vote. An investor call is scheduled for July 7, 2026, to discuss strategic initiatives.
Capital Structure Simplification
Jeremy Frommer completed the conversion of certain warrant and preferred stock holdings into common stock to simplify the capital structure. All preferred stockholders and certain warrant holders will have the opportunity to convert their holdings into common stock as part of the uplisting strategy. This move aims to reduce outstanding security classes, strengthen shareholder alignment, and improve marketability.
What is the expected timeline for the uplist to a national exchange following the SEC's review of the Form S-1?
How does Creatd plan to utilize its equity position in VTAK and strategic advisor role to drive future revenue?
What specific growth strategies will be implemented for the newly acquired control positions in Vocal, Inc. and OG Collection, Inc.?
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