BBLROTCServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Bubblr Inc.

Bubblr Inc., which also operates under the Ethical Web AI name, is a U.S.-based artificial intelligence company built around patent-protected software and search technologies. Its current commercial focus is enterprise AI security, especially the AI Vault product, which is designed to let employees use generative AI while preventing sensitive data from leaving the organization. The company also develops AI Seek, a consumer-facing app that uses internally trained models and patent-based prompt augmentation to improve answers that require contemporaneous data. Bubblr is still in an early commercialization phase and is trying to convert years of technical development into revenue growth through product launches and partnerships. The business is capital constrained and is actively seeking financing and licensing opportunities to support operations and expansion.

Revenue0.0m USD
−37.0 %y/y
Operating profit (EBIT)-1.2m USD
+5.4 %y/y
EBIT margin-35,927.6%
−12,009.9 ppy/y
Net income-1.3m USD
+3.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-5-4-3-2-101m USD2020: EBIT -1.3 m USD20202021: EBIT -3.7 m USD20212022: EBIT -4.3 m USD20222023: 0.00 m USD2023: EBIT -2.9 m USD20232024: 0.01 m USD2024: EBIT -1.3 m USD20242025: 0.00 m USD2025: EBIT -1.2 m USD20250.00-1.2
RevenueOperating profit (EBIT)

Business

Share of revenue
Enterprise AI security60 %

Software that helps organizations control, monitor, and secure employee use of generative AI tools.

Consumer AI search20 %

AI Seek is a consumer application that enhances search results with contemporaneous data.

Patented AI software IP10 %

Granted and pending patents covering prompt augmentation and related AI methods.

Professional services and implementation10 %

Integration, customization, and support work tied to enterprise deployments and partnerships.

Customers

Bubblr’s primary target customers are enterprises that want the productivity benefits of generative AI but are unwilling to let sensitive information be exposed to public LLM tools. The company specifically cites organizations that have banned tools like ChatGPT yet still face employee use of those tools, creating demand for controlled AI access and monitoring. A second customer base is consumers using AI Seek for search tasks where current information matters, such as stock prices or sports data. The company also appears to be pursuing channel and bundling relationships with larger service providers, which would allow it to reach enterprise customers at lower acquisition cost. In addition, its patent portfolio creates a potential customer set for licensing or strategic IP transactions.

Enterprise security-conscious organizations

Buy AI Vault to let staff use generative AI without exposing confidential data.

Channel and service-provider partners

Integrate or bundle Bubblr’s tools into broader enterprise service offerings to lower acquisition costs.

Consumer AI Seek users

Use the app for search queries that need up-to-date information and improved answer relevance.

IP and technology licensees

May license patents or AI methods if Bubblr monetizes its intellectual property portfolio.

Strategy

Bubblr’s near-term strategy is to commercialize AI Vault as its first enterprise product and use the current GenAI security gap as the main market entry point. Management is emphasizing low-cost customer acquisition through integration with a global service provider, which could accelerate scaling without heavy direct sales spending. The company is also continuing to develop and protect its patent portfolio, including a new patent application aimed at improving AI outputs with contemporaneous data. At the same time, it is exploring fundraising, debt, equity, and IP licensing options to keep the business operating and to support product rollout. The strategy is therefore a mix of product commercialization, IP protection, and financing survival.

Commercialize AI VaultShort term

The company needs a first scalable enterprise product to convert technical development into recurring revenue.

Partner-led distributionShort term

Bundling with a larger service provider can lower sales costs and speed enterprise adoption.

Patent and IP monetizationMedium term

The patent portfolio is a key differentiator and potential source of non-operating value.

Capital raising and liquidity preservationShort term

The business states it needs additional capital to continue operating and expanding.

Geography

Q1/2026

Bubblr is headquartered in the United States and reports under U.S. public company rules, but its operations are not confined to one market. The company references a UK subsidiary, Bubblr Ltd., which holds patents and contributes to amortization and foreign currency translation exposure. Its platform is described as globally accessible, which means customer adoption and regulatory obligations can extend across multiple jurisdictions. The company also highlights foreign privacy and data protection laws, indicating that compliance requirements may vary by country and affect product deployment. No authoritative country-by-country revenue split was disclosed in the provided excerpts.

North America100 %

Risks

The most immediate risk is liquidity: the company states that it has no significant revenues from current operations and may not secure enough capital to continue as a going concern. Because the business is still early-stage, execution risk is high if AI Vault does not gain enterprise traction quickly or if partner-led distribution does not materialize. The company also faces intense competition in a market it describes as early and fragmented, where rivals could release better-integrated or lower-cost products. Regulatory risk is material because Bubblr’s products and platform touch privacy, data protection, online liability, and cross-border data transfer rules, all of which can change by jurisdiction. In addition, the company’s use of warrants, convertible instruments, and foreign subsidiaries adds financial statement volatility and operational complexity.

Sorted by severity
Insufficient financing / going concern riskCritical

Management says additional debt or capital is required to continue operating and expanding the business.

Exposure: Corporate liquidity and ability to fund product commercialization

Weak commercialization of AI VaultHigh

The enterprise product is newly launched and the market is still early, so demand may not scale as expected.

Exposure: Revenue growth and operating leverage

Competitive pressure in enterprise GenAI securityHigh

Competitors may introduce better products, more mobile access, or lower-cost alternatives.

ExposurePricingCustomer acquisitionRetention
Privacy and data protection regulationHigh

The platform handles sensitive information and is subject to evolving U.S. and foreign privacy laws.

ExposureProduct designCompliance costMarket access
Derivative and warrant accounting volatilityMedium

Warrants and convertible instruments are measured at fair value and can create non-cash gains or losses.

Exposure: Reported earnings and balance sheet volatility

Accounting

Judgemental items
Warrant derivative liability fair value

The company must remeasure warrants each reporting period, creating gains or losses unrelated to cash flow.

Impact: Can materially affect other income/expense and net loss

Convertible financial instruments

Classification and valuation of convertibles can be complex and affect equity, liabilities, and earnings.

Impact: Can change balance sheet leverage and reported results

Intangible assets and patent amortization

Patents and IP are amortized over useful lives and may need impairment if commercialization lags.

Impact: Affects operating expense and asset carrying values

Foreign currency translation

GBP-denominated subsidiary balances are translated into USD, creating exchange-rate effects.

Impact: Affects accumulated other comprehensive income and comparability

Going-concern and liquidity disclosures

The company’s capital deficit and funding needs make disclosure judgments especially important.

Impact: Influences investor assessment of solvency and continuity

Publicly listed companies with a comparable business focus.

Last updated: 11/08/2026