Genius Group Announces 2024 Financial Results, 303% NAV Growth
Genius Group reported its 2024 financial results, showing a dramatic 303% increase in Net Asset Value to $79.4 million from $19.7 million in 2023. Despite facing legal challenges and a revenue decline to $7.9 million from $23.1 million, the AI-powered education company improved its balance sheet position with total assets rising to $101.0 million.
Key metrics include a student base of 5.8 million users, reduced operating loss of $30.1 million, and decreased operating expenses to $32.7 million. The company's 2025 guidance projects revenue of $10-13 million with positive EBITDA of $0.2-1.0 million.
Currently engaged in legal proceedings, including a RICO lawsuit seeking $450 million in damages and arbitration with Fatbrain AI, Genius Group has strategically reduced its Bitcoin holdings from 440 to 66 Bitcoin and relocated its treasury to Singapore. The company remains focused on defending shareholder interests while scaling its AI-powered education platform.
Genius Group ha comunicato i risultati finanziari del 2024, registrando un aumento straordinario del 303% del Valore Netto degli Attivi, che è passato da 19,7 milioni di dollari nel 2023 a 79,4 milioni di dollari. Nonostante le sfide legali e un calo dei ricavi da 23,1 milioni a 7,9 milioni di dollari, la società di istruzione basata sull'intelligenza artificiale ha migliorato la sua posizione patrimoniale con un aumento totale degli attivi a 101,0 milioni di dollari.
I principali indicatori includono una base di studenti di 5,8 milioni di utenti, una riduzione della perdita operativa a 30,1 milioni di dollari e una diminuzione delle spese operative a 32,7 milioni di dollari. Le previsioni per il 2025 indicano ricavi tra 10 e 13 milioni di dollari con un EBITDA positivo compreso tra 0,2 e 1,0 milioni di dollari.
Attualmente coinvolta in procedimenti legali, incluso un processo RICO per danni pari a 450 milioni di dollari e un arbitrato con Fatbrain AI, Genius Group ha ridotto strategicamente le sue partecipazioni in Bitcoin da 440 a 66 unità e ha trasferito la tesoreria a Singapore. L'azienda rimane concentrata sulla difesa degli interessi degli azionisti mentre espande la sua piattaforma educativa potenziata dall'intelligenza artificiale.
Genius Group informó sus resultados financieros de 2024, mostrando un aumento espectacular del 303% en el Valor Neto de los Activos, que pasó de 19,7 millones de dólares en 2023 a 79,4 millones. A pesar de enfrentar desafíos legales y una disminución en los ingresos de 23,1 a 7,9 millones de dólares, la empresa educativa impulsada por IA mejoró su posición financiera con un aumento de activos totales a 101,0 millones de dólares.
Entre las métricas clave se encuentran una base de 5,8 millones de usuarios, una reducción en la pérdida operativa a 30,1 millones y una disminución de los gastos operativos a 32,7 millones. La guía para 2025 proyecta ingresos de 10 a 13 millones de dólares con un EBITDA positivo entre 0,2 y 1,0 millones.
Actualmente involucrada en procedimientos legales, incluyendo una demanda RICO que busca 450 millones en daños y un arbitraje con Fatbrain AI, Genius Group ha reducido estratégicamente sus tenencias de Bitcoin de 440 a 66 y ha trasladado su tesorería a Singapur. La empresa sigue enfocada en defender los intereses de los accionistas mientras expande su plataforma educativa impulsada por IA.
Genius Group는 2024년 재무 실적을 발표하며 순자산 가치가 2023년 1,970만 달러에서 7,940만 달러로 303% 급증했다고 밝혔습니다. 법적 문제와 매출이 2,310만 달러에서 790만 달러로 감소했음에도 불구하고, AI 기반 교육 회사는 총 자산을 1억 100만 달러로 늘리며 재무 상태를 개선했습니다.
주요 지표로는 580만 명의 학생 사용자, 영업 손실 3,010만 달러 감소, 영업비용 3,270만 달러 감소가 포함됩니다. 2025년 전망은 매출 1,000만~1,300만 달러, 긍정적인 EBITDA 20만~100만 달러를 예상합니다.
현재 4억 5,000만 달러 손해배상 청구를 포함한 RICO 소송과 Fatbrain AI와의 중재 절차에 참여 중인 Genius Group은 비트코인 보유량을 440개에서 66개로 전략적으로 줄이고, 재무 자산을 싱가포르로 이전했습니다. 회사는 주주 이익 보호와 AI 기반 교육 플랫폼 확장에 집중하고 있습니다.
Genius Group a annoncé ses résultats financiers pour 2024, affichant une augmentation spectaculaire de 303 % de la valeur nette des actifs, passant de 19,7 millions de dollars en 2023 à 79,4 millions. Malgré des défis juridiques et une baisse des revenus de 23,1 à 7,9 millions de dollars, la société d’éducation propulsée par l’IA a amélioré sa situation financière avec un total d’actifs porté à 101,0 millions de dollars.
Les indicateurs clés incluent une base de 5,8 millions d’utilisateurs, une réduction de la perte opérationnelle à 30,1 millions de dollars, et une diminution des dépenses d’exploitation à 32,7 millions. Les prévisions pour 2025 annoncent un chiffre d’affaires entre 10 et 13 millions de dollars avec un EBITDA positif de 0,2 à 1,0 million.
Actuellement impliquée dans des procédures judiciaires, y compris un procès RICO réclamant 450 millions de dollars de dommages et intérêts et un arbitrage avec Fatbrain AI, Genius Group a stratégiquement réduit ses avoirs en Bitcoin de 440 à 66 unités et transféré sa trésorerie à Singapour. L’entreprise reste concentrée sur la défense des intérêts des actionnaires tout en développant sa plateforme éducative alimentée par l’IA.
Genius Group veröffentlichte seine Finanzergebnisse für 2024 und verzeichnete einen dramatischen Anstieg des Nettovermögenswerts um 303 % auf 79,4 Millionen US-Dollar, gegenüber 19,7 Millionen im Jahr 2023. Trotz rechtlicher Herausforderungen und einem Umsatzrückgang von 23,1 auf 7,9 Millionen US-Dollar verbesserte das KI-gestützte Bildungsunternehmen seine Bilanz mit einem Anstieg der Gesamtvermögenswerte auf 101,0 Millionen US-Dollar.
Wichtige Kennzahlen umfassen eine Nutzerbasis von 5,8 Millionen Studenten, eine verringerte operative Verlustsumme von 30,1 Millionen US-Dollar und reduzierte Betriebskosten auf 32,7 Millionen US-Dollar. Die Prognose für 2025 sieht Umsätze von 10 bis 13 Millionen US-Dollar und ein positives EBITDA von 0,2 bis 1,0 Millionen US-Dollar vor.
Derzeit ist das Unternehmen in Rechtsstreitigkeiten verwickelt, darunter eine RICO-Klage mit Schadensersatzforderungen in Höhe von 450 Millionen US-Dollar und ein Schiedsverfahren mit Fatbrain AI. Genius Group hat strategisch seine Bitcoin-Bestände von 440 auf 66 reduziert und seine Treasury nach Singapur verlegt. Das Unternehmen bleibt darauf fokussiert, die Interessen der Aktionäre zu verteidigen und seine KI-basierte Bildungsplattform auszubauen.
- Net Asset Value (NAV) increased 303% to $79.4M from $19.7M in 2023
- Total assets grew to $101.0M from $43.2M in 2023
- Reduced total liabilities to $21.6M from $23.5M in 2023
- Student/user base grew to 5.8M from 5.5M in 2023
- Operating loss decreased to $30.1M from $36.1M in 2023
- Company became debt-free after repaying $20.9M in Bitcoin loans
- Projected positive EBITDA of $0.2M to $1.0M for 2025
- Revenue declined 66% to $7.9M from $23.1M in 2023
- Gross profit dropped 78% to $2.6M from $11.9M in 2023
- Total comprehensive loss increased to $25.0M from $5.9M in 2023
- Adjusted EBITDA loss of $13.0M
- Bitcoin holdings reduced from 440 to 66 Bitcoin due to legal restrictions
- Multiple ongoing legal challenges including RICO lawsuit and arbitration
- Court-imposed restrictions affecting company's ability to raise funds and conduct normal operations
Insights
Genius Group reports 65% revenue decline and continued losses amid legal battles, while strengthening balance sheet and providing optimistic 2025 guidance.
Genius Group's 2024 financial results reveal significant challenges amid ongoing legal disputes. Revenue dropped 65.8% to
The company still posted an operating loss of
For 2025, management has provided guidance of
Court-imposed restrictions force Genius Group to relocate and liquidate most Bitcoin holdings, while pursuing RICO lawsuit seeking $450M in damages.
Genius Group faces extraordinary legal constraints that are fundamentally altering its operations and strategy. The company is currently in arbitration with Fatbrain AI (LZGI) regarding a failed asset purchase agreement. In February 2025, LZGI secured a Preliminary Injunction (PI) from the United States Court for the Southern District that restricts Genius Group from selling shares, raising shareholder funds, and buying Bitcoin - core activities for the company's operations and growth.
These court-imposed restrictions have forced Genius Group to take defensive measures, including transferring its Bitcoin treasury from the United States to Singapore, repaying
In response to these challenges, Genius Group filed a lawsuit on March 31, 2024, against Peter Ritz and Michael Moe (controlling officers of LZGI) under the Racketeer Influenced and Corrupt Organizations Act (RICO), seeking over
The company explicitly acknowledges these legal issues are "imposing continuing damages and risk to the Company's operations," highlighting the severity of the situation and potential impact on future performance.
Increase in Net Asset Value (NAV) to
SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, announced today its financial results for the year ended December 31, 2024.
Business Highlights for Fiscal 2024
- As a result of the restructured financials due to the failed asset purchase agreement currently the subject of arbitration and the RICO lawsuit filed by the Company, 2024 audited revenue of
$7.9 million compared to$23.1 million in 2023. - 5.8 million students and users compared to 5.5 million in 2023.
- Reduction in cost of revenue to
$5.3 million from$11.1 million in 2023. - Gross profit of
$2.6 million compared to$11.9 million in 2023. - Reduction in operating expenses to
$32.7 million from$48.3 million in 2023. - Reduction in operating loss to
$30.1 million from$36.1 million in 2023. - Total comprehensive loss of
$25.0 million compared to$5.9 million in 2023. - Adjusted EBITDA loss of
$13.0 million compared to$13.2 million in 2023. - Increase in total assets to
$101.0 million from$43.2 million in 2023. - Reduction in total liabilities to
$21.6 million from$23.5 million in 2023. - Increase in Net Asset Value (NAV) to
$79.4 million from$19.7 million in 2023.
Additional information with respect to the Company’s business, operations and financial condition for the year ended December 31, 2024 is contained in the Company’s Annual Report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov, and available on the Company’s website at www.geniusgroup.ai
Roger James Hamilton, Founder and CEO of Genius Group, commented “2024 was a year of significant change for Genius Group, with the Company involved in a series of corporate and legal actions to defend our shareholders’ interests.”
“Despite these challenges, the Company ended the year with a significantly stronger balance sheet. We are now focused in 2025 on building our core business of AI-powered, entrepreneurial education to profitability, whilst empowering our legal team to defend the company and pursue damages against various parties which currently amount to over
Financial Guidance for 2025
Genius Group is growing its AI-Powered Genius Academy and Genius School platform, and scaling its Genius City model with a focus on cash positive operations. The Company is providing guidance of
Recent Developments in 2025
Subsequent to December 31, 2024, the Company has faced legal blocks that are impacting its operating business and growth plans that it is fighting vigorously against to protect is business and shareholders. These have been previously reported in the Company’s filings, and the Company’s guidance is based on an anticipated positive outcome in these proceedings:
- In January 2025, the Company proceeded with arbitration with Fatbrain AI (LZGI), with the Company’s shares related to the LZGI asset purchase agreement subject to a mutually agreed Preliminary Injunction (PI).
- The Company continued to strengthen its balance sheet with the growth of its Bitcoin Treasury to 440 Bitcoin.
- In February 2025, LZGI subsequently filed an additional PI to enjoin the Company from selling shares, raising shareholder funds and buying Bitcoin. This was granted by the United States Court for the Southern District, first as a Temporary Restraining Order (TRO) in February, 2025 and then as a PI in March, 2025.
- The Company filed multiple letters and motions to the court explaining that the TRO and PI did not maintain the status quo pending arbitration, that they were based on false statements designed to defraud the court, and the intent of the filing of the TRO and PI was to extort further money from Genius.
- As of today’s date, the PI has remained in effect. The Company has subsequently filed an appeal with the Second Circuit, and a hearing has been granted and scheduled for early May.
- In relation to the Company’s allegations of fraud and extortion, on March 31, 2024, the Company filed a lawsuit against Peter Ritz and Michael Moe as the controlling officers and directors of LZGI International, Inc (“LZG”) under the Racketeer Influenced and Corrupt Organizations Act (RICO), in the United States District Court, Southern District of Florida, seeking over
$450 million in damages caused by the defendants to Genius Group. - Due to the current legally imposed restrictions which are impacting the Company’s ability to fund and grow its operations, the Company took a series of actions in April, 2025 to lower the risk of being blocked further from conducting the normal operations of its business as per the wishes, consent and authorizations of its shareholders and Board:
- The Company returned the custody of its Bitcoin from the United States, where it has been held as collateral for the Company’s Bitcoin loans, to Singapore where the Company is registered and headquartered.
- The Company repaid all of its Bitcoin loans, making repayment in full of
$20.9 million in order to release the Bitcoin from custody in the United States and transfer to Singapore. The Company is now debt free. - The Company dramatically reduced its Bitcoin holdings from 440 Bitcoin to 66 Bitcoin, for the period during which it remains blocked from raising funds or buying Bitcoin, with the possibility the Company may need to sell all of its Bitcoin in order to convince the court to extinguish the PI. The cash in its treasury is also being held in Singapore.
- The ongoing damages caused by the alleged fraud and extortion on the Company are being added to the damages the Company is seeking to recover.
- The Company has also received an update on the lawsuit led by Christian Attar related to alleged naked short selling and spoofing of Genius Group’s shares, with alleged damages previously calculated at between
$251 million and$263 million . Wes Christian of Christian Attar has reported to the Company that they anticipate calculations on updated damages will be completed and the complaint is anticipated to be filed in May 2025. - These issues are ongoing, and are imposing continuing damages and risk to the Company’s operations. The Company’s legal team is dedicated towards achieving positive outcomes in its legal cases and will continue to take decisive actions against bad actors to protect the Company and shareholders’ interests.
Earnings Webcast and Presentation
Management hosted a webcast to discuss the Company’s financial results at 8:00 AM Eastern Time / 8:00 PM Singapore Time on Wednesday, April 30, 2025. Management also provided updates on its AI-Powered Genius Curriculum, Genius City model, Bitcoin Treasury strategy, current legal cases and guidance for 2025.
A recording of the webcast, along with supplemental information, can be accessed on the investor relations section of the Genius Group website.
About Genius Group
Genius Group (NYSE: GNS) is a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 5.8 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit www.geniusgroup.net.
For more information, please visit https://www.geniusgroup.ai/
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the SEC on April 30, 2025. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below.
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
Non-IFRS Financial Measure
We have included Adjusted EBITDA because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business.
We calculate Adjusted EBITDA as net profit / loss for the period plus income taxes and social contribution plus / minus finance revenue /expense result plus depreciation and amortization plus impairments plus revaluation adjustment of contingent liabilities plus share-based compensation expenses plus bad debt provision.
Contact
For enquiries, contact investor@geniusgroup.ai
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