Cuentas Inc.

What they do

Cuentas operates in two stated markets: Mobile Telecommunications and Entertainment Media Distribution. Through its 51% ownership of World Mobile LLC, it offers mobile voice, text, data and plans VPN-enabled connectivity, and in March 2026 signed a service agreement with Hallo 015, a licensed Israeli mobile carrier, to provide integrated cellular service to its subscribers in the US. Through 51%-owned World Mobile Media Group LLC, it intends to build a media platform combining licensed and original content, live events and creator content, monetized via pay-per-minute and pay-per-event. It also has a wholly owned subsidiary, Meimoun and Mammon, LLC, providing wholesale and retail telecommunications services, and a 50% interest in CUENTASMAX LLC, which installs WiFi6 shared network systems in the New York tristate area.

Revenue drivers

• Mobile telecommunications (World Mobile LLC) — The consolidated 51%-owned MVNO joint venture provides voice, text and data service; the platform is described as live with active accounts, and the Hallo 015 agreement targets inbound roaming subscribers. This is the primary operating revenue source.
• Telecommunications services (Meimoun and Mammon, LLC) — A wholly owned subsidiary that provides wholesale and retail telecommunications services; no separate revenue figure is disclosed in the excerpts.
• Entertainment media distribution (World Mobile Media Group LLC) — 51%-owned entity intended to monetize content through pay-per-minute and pay-per-event live experiences plus free ad-supported on-demand programming; modules are described as ready for testing and initial deployment, so no revenue is reported from this line.
• WiFi6 shared network (CUENTASMAX LLC) — A 50%-owned venture installing WiFi6 shared network systems in the New York metropolitan tristate area; no revenue contribution is disclosed in the excerpts.

Recent performance

Annual revenue has been small and volatile, moving from $558,000 in 2020 to $593,000 in 2021, $3.0M in 2022, $2.3M in 2023, then falling to $676,000 in 2024. Quarterly revenue deteriorated sharply during 2024, from $1.3M in the quarter ended 2023-12-31 to $639,000, $34,000 and $4,000 in the successive 2024 quarters. Net losses have persisted every reported year: $10.7M in 2021, $14.5M in 2022, $2.2M in 2023, $3.3M in 2024 and $1.6M in 2025. As of 2026-06-30, total assets were $272,000 against total liabilities of $4.6M, with shareholder equity of negative $4.3M and cash and equivalents of $1,000. Operating cash flow was negative in each year shown, including -$1.4M in 2025.

Strategy

Management describes Cuentas as unifying mobile connectivity, exclusive entertainment and lifestyle content into a single consumer offering, positioning mobile service as the gateway to its content. The company expects to expand mobile market penetration and begin live marketing and active inscriptions of entertainment services in 2026-Q2, both in the US and internationally. It says it is in high-level negotiations with US and international celebrities and content creators, and that its entertainment modules are ready for testing and initial deployment. In March 2026, Cuentas and World Mobile LLC signed a service agreement with Hallo 015 and are working to increase marketing, sales and distribution to grow active billing. On September 18, 2025, the company entered a 16-month license granting Mr. De Prado use and access to certain Fintech assets, with MVNO assets excluded; those assets were delivered on Jan. 19, 2026.

Risks

• Going-concern and liquidity — At 2026-06-30 the company reported $1,000 of cash, $4.6M of liabilities and negative $4.3M shareholder equity, and it has recorded negative operating cash flow every year shown.
• Revenue scale and volatility — Revenue fell from $3.0M in 2022 to $676,000 in 2024 and quarterly revenue dropped to $4,000 in the 2024-09-30 quarter, indicating an unstable, unproven commercial base.
• Entertainment segment not yet commercial — The World Mobile Media Group LLC platform is described only as ready for testing and initial deployment, with monetization planned through PPM and PPE, so it has not demonstrated revenue.
• Reliance on joint ventures and key partners — Core mobile operations run through 51%-owned World Mobile LLC, whose 49% partner is World Mobile Group Ltd, and the recent service agreement depends on Hallo 015, an Israeli carrier, to grow billing.

Outlook

Management says it expects to expand penetration in mobile service markets and to start live marketing and active inscriptions of the entertainment services during 2026-Q2, in the US and internationally. It describes the mobile platform as live with active accounts and says it is working with Hallo 015 to increase marketing, sales and distribution. The company also states it is in high-level negotiations with celebrities and content creators for its entertainment offering. No specific revenue or earnings guidance is provided in the excerpts.