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olivLaw · US equity research

Rezolve AI plc RZLV

Services-Computer Programming, Data Processing, Etc. · SIC 7370 · Vertical: Services-Computer Programming, Data Processing, Etc. (SIC 7370)

1.37USD−8.05% · 1 dayClose 04 Nov 2026

Rezolve AI plc builds an AI-driven commerce platform that unifies product discovery, customer conversation, payment and fulfilment in one execution layer for merchants and brands. The company grew sharply through acquisitions in 2025 and began 2026 with the Reward acquisition and a $250 million financing, while revenue reached $46.8 million in fiscal 2025.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Rezolve AI plc (RZLV) stock was 1.37 USD (−8.05% on the day), with market capitalisation 460.8 m USD, beta 2.26, 52-week range 1.37–4.63 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
460.8 m USD
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -0.38 · TTM to 31 Dec 2025
E/P (TTM)
-27.74%
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
2.26
Volatility (1y) 100%
52-week range
1.374.63

Price history

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Technical reading

RSI (14)
28.7
oversold (≤ 30)
Bollinger (20, 2)
1.29 – 1.94
in the lower half of the band · %B 0.13 · band width 40.7%
SMA 50 / 200
2.05 / 2.50
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.18 / -0.18
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−38.6%−1.1%−37.5 pp—
3 months−49.4%−0.5%−49.0 pp—
6 months−42.2%+4.4%−46.6 pp—
Year to date−46.7%+12.3%−59.0 pp—
1 year−66.0%+13.5%−79.5 pp−14.0%
3 years−87.2%+76.4%−163.6 pp+5.6%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−70.4%
15 Jan 2026 → 04 Nov 2026
Max drawdown (5y)
−91.8%
06 Aug 2024 → 08 Apr 2025
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202320242025
Revenue145.1 k2.0 m46.8 m
Revenue YoYunavailable+1,288.2%+2,224.2%
Net income-30.7 m-173.5 m-101.4 m
Net income YoYunavailableunavailableunavailable
Diluted EPS-0.20-1.06-0.38
Diluted EPS YoYunavailableunavailableunavailable
net %-21,189.9%-8,614.1%-216.7%
Free cash flow-13.0 m-22.4 m-63.2 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
111.1 m USD
Financial debt
152.2 m USD
Net debt
41.1 m USD
Equity
246.8 m USD
Total assets
611.7 m USD
Debt / equity
0.62x
Current ratio
0.67x
ROE
unavailable
ROA
-32.0%
FCF margin
-135.1%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
145.1 k
2024
2.0 m
2025
46.8 m

SEC (XBRL)· 31 Mar 2026verified

Research & development
2023
—
2024
1.2 m
2025
11.2 m

SEC (XBRL)· 31 Mar 2026verified

Operating income
2023
-26.0 m
2024
-138.5 m
2025
-86.9 m

SEC (XBRL)· 31 Mar 2026verified

Interest expense
2023
4.8 m
2024
10.6 m
2025
2.9 m

SEC (XBRL)· 31 Mar 2026verified

Pre-tax income
2023
-30.7 m
2024
-173.2 m
2025
-119.1 m

SEC (XBRL)· 31 Mar 2026verified

Income tax
2023
63.4 k
2024
243.7 k
2025
-17.7 m

SEC (XBRL)· 31 Mar 2026verified

Net income
2023
-30.7 m
2024
-173.5 m
2025
-101.4 m

SEC (XBRL)· 31 Mar 2026verified

Diluted EPS
2023
-0.20
2024
-1.06
2025
-0.38

SEC (XBRL)· 31 Mar 2026verified

Weighted average diluted shares
2023
151.3 m
2024
163.7 m
2025
268.0 m

SEC (XBRL)· 31 Mar 2026verified

Balance sheet · USD

Cash
2023
9.4 m
2024
9.7 m
2025
111.1 m

SEC (XBRL)· 31 Mar 2026verified

Receivables
2023
12.5 k
2024
703.7 k
2025
39.2 m

SEC (XBRL)· 31 Mar 2026verified

Current assets
2023
322.0 k
2024
14.0 m
2025
175.0 m

SEC (XBRL)· 31 Mar 2026verified

Property, plant & equipment, net
2023
79.6 k
2024
22.3 k
2025
510.7 k

SEC (XBRL)· 31 Mar 2026verified

Goodwill
2023
—
2024
—
2025
168.4 m

SEC (XBRL)· 31 Mar 2026verified

Intangibles (excl. goodwill)
2023
2.1 m
2024
6.8 m
2025
239.2 m

SEC (XBRL)· 30 Mar 2026verified

Total assets
2023
2.5 m
2024
21.2 m
2025
611.7 m

SEC (XBRL)· 31 Mar 2026verified

Accounts payable
2023
4.6 m
2024
8.1 m
2025
35.7 m

SEC (XBRL)· 30 Mar 2026verified

Short-term debt
2023
47.0 m
2024
37.3 m
2025
102.1 m

SEC (XBRL)· 31 Mar 2026verified

Long-term debt
2023
—
2024
—
2025
50.1 m

SEC (XBRL)· 31 Mar 2026verified

Current liabilities
2023
56.8 m
2024
62.4 m
2025
262.1 m

SEC (XBRL)· 31 Mar 2026verified

Total liabilities
2023
56.8 m
2024
62.4 m
2025
364.9 m

SEC (XBRL)· 31 Mar 2026verified

Equity
2023
-58.2 m †
2024
-41.3 m †
2025
246.8 m †

SEC (XBRL)· 31 Mar 2026verified

Shares outstanding at year end
2023
—
2024
208.3 m
2025
336.3 m

SEC (XBRL)· 31 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-13.0 m
2024
-22.4 m
2025
-63.1 m

SEC (XBRL)· 31 Mar 2026verified

Capex
2023
14.4 k
2024
8.3 k
2025
90.2 k

SEC (XBRL)· 31 Mar 2026verified

Free cash flow
2023
-13.0 m ≈
2024
-22.4 m ≈
2025
-63.2 m ≈

SEC (XBRL)· 31 Mar 2026derived

Investing cash flow
2023
-1.8 m
2024
-3.5 m
2025
-24.7 m

SEC (XBRL)· 31 Mar 2026verified

Financing cash flow
2023
14.7 m
2024
35.4 m
2025
188.8 m

SEC (XBRL)· 31 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
2,224.2%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
-185.6%
computed by olivLawFY 2025
Net margin
-216.7%
computed by olivLawFY 2025
FCF margin
-135.1%
computed by olivLawFY 2025

Returns

ROE
-98.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
-32.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
-53.2%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
-24.8%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
41.1 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.6x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
-29.8x
computed by olivLawFY 2025

Liquidity

Current ratio
0.7x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.4x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
-63.1 m USD
computed by olivLawFY 2025
Capital expenditure
90.2 k USD
computed by olivLawFY 2025
Free cash flow
-63.2 m USD
computed by olivLawFY 2025
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
156 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
unavailable
input data missing

Market and valuation

Market capitalisation
460.8 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
501.9 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-27.7%
computed by olivLawFY 2025
P/B
1.9x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
9.8x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
insufficient data
EV/Sales
10.7x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-13.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Unattractive profile

Score: 20 / 100

A scoring methodology on indicators and valuation, not investment advice.

score < 40

Closing price

1.37 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 460.8 m USD

Key indicators

Market capitalisation
460.8 m USD
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
unavailable
insufficient data
P/B
1.9x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
ROE
-98.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
-216.7%
computed by olivLawFY 2025
Revenue growth (YoY)
2,224.2%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

28/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 31 Mar 2026
verified 83

Score by group

  • Quality1
  • Growth100
  • Valuation13
  • Balance sheet0

Estimated value range

Low
0.01
USD per share
Mid
0.28
USD per share
High
0.72
USD per share
Price: 1.37 USD
The price is above the range
Potential to the central value: -79.9% (value / price − 1)
Margin of safety: -397.7% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.01 – 0.72 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · the base of the ratio is not positive
  • Peers: EV/Sales0.01 – 0.72 (Mid 0.28)
    16 companies used · median multiple 2.9x · quartiles 0.9x – 6.1x
    APP, BMBL, DOCN, FDS, GOOGL, GRND, LGCL, MGNI, MTCH, RXT, SANG, SIFY, SST, TRIP, WB, ZIP
  • Peers: EV/EBITDAunavailable · input data missing
Multiple comparisons use the SIC vertical: Services-Computer Programming, Data Processing, Etc. (SIC 7370)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Unattractive profile · Score 20/100

FactorValueScoreWeight used
Gross margin · Qualityunavailableunavailable—
EBIT margin · Quality-185.6%3 (vs peers)14%
FCF margin · Quality-135.1%0 (on a fixed band)14%
Revenue CAGR 3Y · Growthunavailableunavailable—
Revenue growth (YoY) · Growth2,224.2%100 (vs peers)14%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet0.7x0 (on a fixed band)10%
EV/Sales · Valuation10.7x22 (vs peers)28%
FCF yield · Valuation-13.7%0 (on a fixed band)21%
Shareholder yield (distributions) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial0/100 · 1/2 factors with a value
  • Growth· partial100/100 · 1/2 factors with a value
  • Quality1/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/1 factors with a value
  • Valuation13/100 · 2/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Rezolve AI plc (RZLV). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 46.8 m USD in 2025; YoY growth 2,224.2%; net margin -216.7%; ROE -98.7%.

The estimated value range is 0.01–0.72 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.28 USD, the price of 1.37 USD leaves a potential of -79.9% (value / price − 1) and a margin of safety of -397.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 20/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, growth, returns. Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Revenue growth (YoY): 2,224.2%

What contradicts it

  • EBIT margin: -185.6%
  • FCF margin: -135.1%
  • Current ratio: 0.7x
  • EV/Sales: 10.7x
  • FCF yield: -13.7%
  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): Gross margin, Revenue CAGR 3Y, Net debt / EBITDA, Shareholder yield (distributions).

Versus the vertical median

Services-Computer Programming, Data Processing, Etc. (SIC 7370) · same industry (4-digit SIC) · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 22.2x
EV/EBITDA
—
vertical median 15.7x
P/S
9.8x
vertical median 2.1x
above median (+358.7%)
P/B
1.9x
vertical median 1.7x
above median (+9.9%)
ROE
-98.7%
vertical median 4.0%
below median (−2,575.3%)
Net margin
-216.7%
vertical median 2.5%
below median (−8,627.2%)
EBIT margin
-185.6%
vertical median 2.3%
below median (−8,010.2%)
Revenue YoY
2,224.2%
vertical median 6.9%
above median (+32,361.2%)
Net debt/EBITDA
—
vertical median 0.4x
Dividend yield
—
vertical median 0.8%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
GOOGLAlphabet Inc.3,552.1 bn15.144.3%50.0%+15.1%−10% / +118%
APPAppLovin Corporation90.0 bn18.3210.1%65.9%+70.0%−55% / +625%
NBISNebius Group N.V.35.8 bn428.82.1%15.6%+479.0%+49% / unavailable
FDSFactset Research Systems Inc12.1 bn23.525.5%21.5%+6.7%+23% / −25%
DOCNDigitalOcean Holdings, Inc.9.9 bn281.35.1%3.1%+15.5%+89% / +184%
MTCHMatch Group, Inc.9.1 bn13.7—20.7%+0.2%+21% / +24%
SOGPSound Group Inc.8.8 bn350.370.4%7.1%+59.4%−21% / +265%
SIFYSify Technologies Ltd5.8 bn—-4.1%-2.0%+9.0%+20% / +53%
WIXWix.com Ltd.4.4 bn91.5—2.5%+13.2%−16% / −21%
MGNIMagnite, Inc.3.3 bn19.920.4%23.6%+6.9%+55% / +182%
GRNDGrindr Inc.2.4 bn27.6108.7%18.7%+27.6%+9% / +108%
DVDoubleVerify Holdings, Inc.2.1 bn34.05.8%8.2%+13.9%+29% / −59%
BZKanzhun Limited1.7 bn41.616.0%33.1%+17.3%−21% / +6%
WBWeibo Corporation1.6 bn3.812.1%25.6%+0.1%−35% / −36%
DJTTrump Media & Technology Group Corp.1.2 bn—-78.9%-28,867.7%+1.8%−61% / −74%
TRIPTripadvisor, Inc.1.2 bn332.10.8%0.3%+3.1%−31% / −43%
SMWBSimilarweb Ltd.766.1 m—-129.6%-11.7%+13.1%+13% / +75%
BMBLBumble Inc.718.8 m—-85.9%-61.8%−9.9%+69% / −57%
RXTRackspace Technology, Inc.716.2 m——-5.9%−1.9%+165% / +123%
NEXNNexxen International Ltd.513.3 m22.25.0%6.9%−0.2%+41% / +151%
RZLVRezolve AI plc460.8 m—-98.7%-216.7%+2,224.2%−66% / −87%
YALAYalla Group Limited413.9 m6.819.6%43.3%+0.7%−20% / −6%
ZIPZiprecruiter, Inc.321.9 m12.9—6.2%−5.3%−5% / −66%
BLNDBlend Labs, Inc.302.7 m——-3.3%+6.8%−59% / +1%
SSTSystem1, Inc.161.0 m—-581.6%-50.7%−22.6%−53% / −88%

1- and 3-year price returns: for RZLV from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 30 Mar 2026; since then the company filed 6-K (08 Oct 2026), 6-K (07 Oct 2026), 6-K (01 Sept 2026), 6-K (06 Aug 2026), 6-K (05 Aug 2026), 6-K (27 Jul 2026).

    In brief

    Rezolve AI plc builds an AI-driven commerce platform that unifies product discovery, customer conversation, payment and fulfilment in one execution layer for merchants and brands. The company grew sharply through acquisitions in 2025 and began 2026 with the Reward acquisition and a $250 million financing, while revenue reached $46.8 million in fiscal 2025 1.

    SWOT

    Strengths

    • An integrated platform covering discovery, conversation, payment and fulfilment, with proprietary AI technology and declared patents.
    • Partnerships with large cloud and payment companies that could provide access to major customers.
    • Processing capacity at global scale, according to the figures reported for 2025.

    Weaknesses

    • Revenue remains small relative to expenses, and the company has reported repeated losses and expects losses to continue.
    • Growth relies on acquisitions, which complicates integration and carries the risk of impairment of acquired assets.
    • The main partnerships are still largely pre-revenue, and their renewal is not assured.

    Opportunities

    • If the agentic commerce market develops, the company could capture part of the commercial spending of large brands.
    • Expansion into new regions such as India, Latin America and the US could open new revenue sources.
    • Stablecoin payments could give merchants lower settlement costs if adoption grows.

    Threats

    • Competition from large cloud companies and search platforms could intensify quickly.
    • Regulation of AI, payments and data could raise costs and limit adoption of the products.
    • Volatility in digital assets such as SQD tokens and Tether could affect financial results.

    Risks

    • Partner dependencehigh

      Revenue depends on contracts with partners such as Microsoft and Google, which could be terminated or not renewed and affect results.

    • Losses and funding needhigh

      The company has a history of losses and could need additional financing on less favourable terms.

    • Acquisition riskmedium

      Integrating several firms, partly paid in shares, could disrupt operations and lead to impairments.

    • Digital assetsmedium

      SQD tokens and exposure to Tether have seen price declines, which could lead to further impairments and affect liquidity.

    • AI model errorslow

      AI outputs may be inaccurate or biased, which could harm reputation and customer relationships.

    Investment thesis

    What would need to be true (bull case)

    • If the agentic commerce market develops and the company turns its acquisitions into recurring revenue, the platform could become an important layer for large merchants.
    • Combining proprietary technology with large cloud and payment partnerships could speed adoption across several markets.
    • The financing obtained in early 2026 could give time to move beyond the loss-making phase, according to management's statements.

    What would break the thesis

    • Revenue is still small and losses persist, so the company could need new financing if growth slows.
    • Acquisition-led growth may not turn into profitability if integration proves difficult.
    • The market is competitive and large cloud providers can offer similar features, which could limit pricing power.

    What to watch

    • Integration of the 2025 and 2026 acquisitions and the revenue trend of those firmsnext 10-K
    • Renewal and expansion of the Microsoft and Google contracts2027
    • Trend in operating losses and the need for further financingQ1 2027
    • Results of stablecoin payments and exposure to digital assetsnext 10-K

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 30 Mar 2026; since then the company filed 6-K (08 Oct 2026), 6-K (07 Oct 2026), 6-K (01 Sept 2026), 6-K (06 Aug 2026), 6-K (05 Aug 2026), 6-K (27 Jul 2026).

    The business

    Rezolve (NASDAQ: RZLV) operates an AI commerce infrastructure whose main product, Brain Commerce, uses its proprietary language model brainpowa for search, conversation and product recommendations 1. The platform is complemented by Brain Checkout, which covers payment and click-and-collect so that an AI agent or a customer can complete a transaction without intermediate steps 1. Revenue comes mainly from SaaS subscription fees and transaction commissions, and in 2025 the company widened its range through several acquisitions, including Crownpeak and Techouts 1.

    The company was incorporated in England and Wales in 2023 and became a public limited company in 2025, following its August 2024 business combination with Armada Acquisition Corp. I, a Nasdaq-listed entity 1. Rezolve describes its strategy as building infrastructure for the 'agentic economy', in which AI agents execute transactions rather than only answer queries 1. Its principal office is in London, and it reports to the SEC as a foreign private issuer on Form 20-F 1.

    The business model depends on partnerships, notably with Microsoft, Google and Tether, through which the platform integrates into partners' cloud and payment ecosystems 1. The company says these partnerships are largely still pre-revenue and that it depends on renewing them and attracting new partners 1.

    Segments

    Brain Commerce

    The discovery and guided-selling layer, including Conversational AI, Discovery AI and Data Intelligence; revenue comes mainly from SaaS subscriptions billed monthly or on consumption 1.

    Brain Checkout

    The transaction execution layer, with the Purchase Suite and click and collect, which turns customer intent into a completed order 1.

    Enterprise Services

    IT and analytics services provided largely on a cost-plus basis, which complement the SaaS products and bring in revenue at lower margins 1.

    Market context

    The company cites a global agentic commerce market estimated at 300 to 500 billion USD by 2030, based on a Bain & Company projection referenced in its report 1. If this market develops at the estimated pace, it could leave room for the platform to grow, but the market is still new and may develop more slowly or differently than the company expects 1.

    Demand depends on merchants' IT spending and their willingness to adopt AI tools, and the market remains highly competitive, with new LLM models appearing frequently 1.

    Trends

    • Agentic commercetailwind

      If AI agents become real purchasing channels, platforms that execute transactions directly could gain share over simple search engines.

    • AI and payments regulationheadwind

      New rules on AI, data protection and cross-border payments could raise compliance costs and delay launches.

    • Stablecoin paymentsmixed

      The Tether partnership and SmartPay integration propose fee-free stablecoin settlement, which could reduce reliance on traditional card networks but exposes the company to token volatility.

    • Consolidation through acquisitionsmixed

      The company has bought several firms in the past year, which could accelerate growth and geographic reach but complicates integration and dilutes shareholders.

    Competitive position

    Rezolve competes with search and personalisation platforms, payment providers and large cloud companies offering their own AI tools for commerce. The company acknowledges that the market is maturing and that new competitors and LLM technologies could intensify pressure 1.

    The stated advantage lies in combining discovery, conversation, payment and fulfilment in one layer and in reducing hallucinations through patented technology, which the company says differentiates it from generic models 1.

    • Google Vertex AI Search for Commerce

      A partner for search and discovery, and also a possible direct competitor in AI-driven commerce search.

    • Microsoft Azure AI

      A strategic partner and distribution channel that also offers its own AI services to retailers.

    • E-commerce search and personalisation providers

      Companies offering similar search and recommendation tools, a segment where Rezolve says its proprietary technology gives it an edge.

    • Traditional card networks and payment processors

      Rezolve proposes stablecoin settlement as an alternative, so these players compete on the payment side.

    News & filings

    In the press

    Sources

    1. [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Rezolve AI plc · 30 Mar 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.