Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 4

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 4
---
(1,673,013)
  
    Health and wellness product sales 
     2,709,692  
     -  
     2,709,692 
  
    Other revenue 
     78,249  
     -  
     78,249 
  
    Total revenue, net 
    $29,106,578  
    $40,521,479  
    $(11,414,901)

Total
revenue, net, decreased $11,414,901, or 28%, from $40,521,479 for the nine months ended September 30, 2024, to $29,106,578 for the nine
months ended September 30, 2025. The reduction in total revenue, net, can be attributed to a $12.5 million contraction in our membership
revenue and a $1.7 million contraction in our mining revenue, partially offset by an increase of $2.7 million in health and wellness
product sales and an increase of $78 thousand in other revenue, also related to our health and wellness product sales. The $12.5 million
(35%) decrease in membership revenue was due to the global macroeconomic downturn as individuals re-evaluated their spending priorities,
lifestyle habits, and engagement preferences, causing a slowdown in direct sales and home-based businesses. The $1.7 million (39%) decrease
in mining revenue was a result of “Bitcoin Halving” which occurred on April 19, 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, partially
offset by an increase in the price of Bitcoin. These decreases were offset by a $2.7 million increase in health and wellness product
sales and a $78 thousand increase in other revenue related to our health and wellness sales that arose from our October 2024 acquisition
of the purchase of the business and assets of Renu Laboratories, Inc.

34

Operating
Costs and Expenses

    Nine Months Ended September 30,  
    Increase 

    2025  
    2024  
    (Decrease) 

    (unaudited)  
    (unaudited)  

    Cost of sales and service 
    $6,160,210  
    $4,703,513  
    $1,456,697