Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 106

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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791,443  
    $13,029,318  
    $(4,237,875)
  
    Mining revenue 
     862,944  
     2,642,599  
     (1,779,655)
  
    Health and wellness product sales 
     368,321  
     -  
     368,321 
  
    Other revenue 
     7,344  
     -  
     7,344 
  
    Total revenue, net 
    $10,030,052  
    $15,671,917  
    $(5,641,865)

Total revenue, net, decreased $5,641,865, or 36%,
from $15,671,917 for the three months ended March 31, 2024, to $10,030,052 for the three months ended March 31, 2025. The reduction in
total revenue, net, can be attributed to a $4.2 million contraction in our membership revenue and a $1.8 million contraction in our mining
revenue. The $4.2 million (33%) 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 $1.8 million (67%) 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 $368 thousand 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.

30

Operating Costs and Expenses

    Three Months Ended March 31,  
    Increase 

    2025  
    2024  
    (Decrease) 

    (unaudited)