Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 58

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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082,763)

Total
revenue, net, decreased $3,082,763, or 24%, from $13,106,681 for the three months ended June 30, 2024, to $10,023,918 for the three months
ended June 30, 2025. The reduction in total revenue, net, can be attributed to a $4.2 million contraction in our membership revenue and
a $250 thousand contraction in our mining revenue. The $4.2 million (35%) 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 $250 thousand (23%) 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 $1.3 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.

33

Operating
Costs and Expenses

    Three Months Ended June 30,  
    Increase 

    2025  
    2024  
    (Decrease) 

    (unaudited)  
    (unaudited)  

    Cost of sales and service 
    $2,462,570  
    $1,303,610  
    $1,158,960 
  
    Commissions 
     4,176,102  
     6,442,844  
     (2,266,742)
  
    Selling and marketing 
     91,555  
     520,013  
     (428,458)
  
    Salary and related 
     1,728,409  
     1,758,844  
     (30,435)
  
    Professional fees