Data443 Risk Mitigation, Inc.

What they do

The company provides data security and privacy management solutions for enterprise and cloud environments, protecting data across formats and locations. It serves customers in financial services, healthcare, manufacturing, retail, technology, and telecommunications, and also offers threat detection, brand protection, and email phishing, spam, and virus solutions on an OEM basis. Products are sold via a channel and direct sales model, primarily through multiyear, prepaid subscription licenses. The company operates data centers in the U.S., Germany, and Israel, and integrates with major cloud platforms like Microsoft Azure, Google Cloud, and AWS.

Revenue drivers

• Subscription licenses — Core revenue model: prepaid, multiyear, auto-renewing subscriptions for data security and privacy products.
• Channel partners and resellers — Sales through distributors and resellers extend global reach; revenue depends on partner relationships.
• OEM solutions — Provides threat detection and email security to large security providers, managed service providers, and e-commerce vendors on an OEM basis.
• Cloud marketplace presence — Onboarding to Microsoft Azure and AWS marketplaces to generate organic growth, targeting organizations with 500+ users.

Recent performance

For the fiscal year 2025, revenue was $4.4 million, down from $4.9 million in 2024 and $5.6 million in 2023. Net loss improved to $-2.6 million from $-6.1 million in 2024. Operating cash flow was $1.0 million in 2025, down from $1.3 million in 2024. Quarterly revenue has been volatile: $1.4M (June 2025), $899K (September 2025), $923K (December 2025), and $1.0M (March 2026). As of March 31, 2026, total assets were $5.5 million, total liabilities $20.6 million, and shareholders' equity was negative $15.1 million.

Strategy

The company aims to capitalize on increasing ransomware and data privacy regulations by offering a comprehensive security and privacy suite. It leverages a subscription model with prepaid multiyear contracts and uses channel partners for global reach. Sales focus is on organizations with 500 or more users, with expansion through cloud marketplaces like Azure and AWS. Management also emphasizes technology alliances within the security vendor ecosystem to enhance go-to-market efforts.

Risks

• Going concern risk — Management has expressed substantial doubt about the company's ability to continue as a going concern, and the company needs additional capital.
• Negative equity — Shareholders' equity is negative $15.1 million, with total liabilities exceeding assets by a wide margin.
• Dependence on CEO — The company is dependent on the continued services and performance of founder and CEO Jason Remillard.
• Thin trading and control — Common stock is quoted on OTC Pink and is thinly traded, and the CEO controls all stockholder voting matters.

Outlook

Management expects to require additional funding to sustain operations and execute its strategy. They cite ongoing risks related to competition, technological change, and the need to maintain channel relationships. The company continues to pursue growth through cloud marketplaces and new product development, but no specific financial guidance was provided.