Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 61

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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970  
    $28,778,598  
    $(8,724,628)

34

Total
revenue, net, decreased $8,724,628, or 30%, from $28,778,598 for the six months ended June 30, 2024, to $20,053,970 for the six months
ended June 30, 2025. The reduction in total revenue, net, can be attributed to a $8.4 million contraction in our membership revenue and
a $2.0 million contraction in our mining revenue. The $8.4 million (34%) decrease in membership revenue was largely attributable to a
combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated their spending priorities,
lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused a general slowdown in
direct sales and home-based business. This trend reflects broader market changes and has impacted overall participation and retention
rates. The $2.0 million (55%) decrease in mining revenue was a result of “Bitcoin Halving” which occurred on April 19th,
2024, decreasing the reward to 3.125 Bitcoin per block solved from the previous reward rate of 6.25 Bitcoin per block solved, an increase
in Bitcoin Network Difficulty and a mandated power curtailment enforced by the government-controlled utility companies in Northern Europe,
partially offset by an increase in the price of Bitcoin. These decreases were offset by a $1.7 million increase in health and wellness
product sales that arose from our October 2024 acquisition of the purchase of the business and assets of Renu Laboratories, Inc.

Operating
Costs and Expenses

    Six Months Ended June 30,  
    Increase 

    2025  
    2024  
    (Decrease) 

    (unaudited)  
    (unaudited)  

    Cost of sales and service 
    $4,006,686  
    $3,445,944  
    $560,742 
  
    Commissions 
     9,252,605  
     13,718,054  
     (4,465,449)
  
    Selling and marketing 
     186,658  
     531,808  
     (345,150)
  
    Salary and related 
     3,429,501