TSXV: RIWI · OTC: RWCRF

The integrated platform play in AI-powered research

Three acquisitions integrated. Record revenue. EBITDA-positive. The only vertically integrated research intelligence stack — purpose-built for the AI era.

Financial snapshot

01 / 06
$6.4M
TTM Revenue
55.4% YoY growth
02 / 06
C$6.1M
Market Cap
Significant value gap
03 / 06
C$7.2M
Enterprise Value
EV/Revenue < 1.0x
04 / 06
18.4M
Shares Outstanding
Tight float
05 / 06
26%
Insider Ownership
Skin in the game
06 / 06
EBITDA+
Profitability
Achieved Sep 2025
THE INVESTMENT CASE

Why RIWI, why now

01 / 06

Vertical Integration Moat

The only company that owns all three layers: AI research platform, behavioral measurement, and proprietary global audience. Competitors own pieces. RIWI owns the complete stack.

02 / 06

Revenue Acceleration

55.4% TTM revenue growth. Record revenue of $6.4M. 113+ client contracts. 51 new customers acquired in 2024. The growth engine is firing.

03 / 06

Extreme Value Dislocation

EV/Revenue below 1.0x while growing 55%+. Comparable SaaS companies trade at 5-15x revenue. The market has not yet priced the integrated platform story.

04 / 06

AI Data Infrastructure

As AI models require real human behavioral data for training and grounding, RIWI's verified human signal becomes critical infrastructure. Today's research platform is tomorrow's AI data utility.

05 / 06

Data Quality Advantage

VerifyHuman biometric verification solves the $3B+ survey fraud problem. Every RIWI study is verified human — a structural advantage that strengthens as AI-generated fraud scales.

06 / 06

Aligned Insiders

26% insider ownership. Management has significant personal capital at risk. Interests fully aligned with shareholders.

GROWTH PATH

Three phases to scale

Phase 1

Platform Integration + Cross-Sell ($6.4M → $10-15M, 0-18 months)

Complete CoolTool + VerifyHuman + RDIT integration. Launch standardized products (Ad Testing, Package Testing). Expand wallet share in existing 113+ accounts. Land enterprise contracts via integrated platform story.

Phase 2

AI Agent Infrastructure + Subscription ($15M → $25M+, 18-36 months)

API-first platform enables AI agent integration. Subscription brand tracking with continuous data collection. Prediction engine improves with accumulated behavioral data. Enterprise licensing for always-on consumer intelligence.

Phase 3

AI Data Utility + Prediction ($25M → $50M+, 36+ months)

Real behavioral data licensing for AI model training. Prediction without fieldwork — instant behavioral scores. Platform becomes critical AI infrastructure. Pure operating leverage as data compounds.

THE FLYWHEEL

Data compounds. Predictions improve. Moat widens.

Every study adds permanent behavioral data. The platform gets smarter with each interaction — pure operating leverage. Think FICO for consumer decisions — grounded in real behavioral data, getting smarter with every interaction.

BUILDING THE STACK

Three acquisitions, one integrated platform

2023

CoolTool

AI-powered research platform with behavioral measurement (eye-tracking, emotion, implicit testing). Added the intelligence layer — transformed RIWI from a sampling company to a full-stack research platform.

2024

VerifyHuman

Biometric respondent verification technology (passive behavioral liveness detection). Solved the survey fraud crisis. Embedded data integrity into every study by default.

2022-2024

Respondent Marketplace

Programmatic audience access across 53 countries. Expanded from RDIT-only to multi-source audience strategy. Speed + scale for commercial clients.

MARKET OPPORTUNITY

Multiple expanding markets

01 / 03

Market Research — $80B+

Traditional surveys being disrupted. RIWI's behavioral+verified approach is positioned to capture share as legacy methodology decays.

02 / 03

AI Training Data — $10B+

Growing rapidly as AI models scale. Verified human behavioral data is the scarce asset AI foundations need.

03 / 03

Enterprise Intelligence — Emerging

AI agents need human ground truth. RIWI is the infrastructure they'll query.

Important Disclaimers

This page is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information presented is based on publicly available data and company estimates that may not be accurate or complete.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Revenue projections and growth estimates are targets and should not be interpreted as guarantees. Past performance is not indicative of future results.

RIWI Corp (TSXV: RIWI, OTC: RWCRF) is a publicly traded company. Investors should review all public filings on SEDAR+ and consult a qualified financial advisor before making investment decisions. All financial figures are approximate and subject to revision based on audited financial statements.

EV/Revenue multiples and comparable company analysis are illustrative only. Market capitalization and enterprise value fluctuate daily. Insider ownership percentages are based on latest available insider reports and may have changed.

INVESTOR RESOURCES

All filings, governance, and contact information.

Required disclosures and reference materials for shareholders, analysts, and prospective investors.

RECENT FILINGS

Latest financial reports

2025

4 filings
PeriodFinancial StatementsMD&A
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FSMD&A
Q3Interim
FSMD&A
Q2Interim
FSMD&A
Q1Interim
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2024

4 filings
PeriodFinancial StatementsMD&A
AnnualAudited
FSMD&A
Q3Interim
FSMD&A
Q2Interim
FSMD&A
Q1Interim
FSMD&A

AT A GLANCE

RIWI Corp investor information

TSX Venture Exchange

RIWI

Primary listing

US OTC

RWCRF

Secondary listing

CUSIP
749601 10 0
Fiscal Year End
December 31
Investor Relations
investors@riwi.com
Transfer Agent
Computershare
100 University Avenue, 8th floor Toronto, Ontario, M5J 2Y1 Canada
+1 416 263 9200
www.computershare.com
Regulatory Filings
View RIWI on SEDAR+

Canadian Securities Administrators public filing system

MEDIA

CEO interviews

RIWI Corp Interview with CEO Greg Wong and Chairman Neil Seeman

Small Cap Discoveries

CEO Greg Wong and Chairman Neil Seeman on RIWI's mission, methodology, and growth.

RIWI Corp (TSXV: RIWI) Update with CEO Greg Wong

Small Cap Discoveries

CEO Greg Wong discusses RIWI's strategy, recent results, and the global behavioral data opportunity.

INVESTOR RELATIONS

The platform is built. The revenue is growing.

Connect with our investor relations team to learn more about the RIWI opportunity.