Bubblr Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsBubblr Inc., doing business as EthicalWeb AI, is an early-stage artificial intelligence company with patented search technology and enterprise products like AI Vault, but it operates at a loss and faces a going-concern risk.
What they do
Bubblr, Inc. develops and markets AI-driven enterprise products, including AI Vault (available on AWS Marketplace) and AI Seek (available on the Apple App Store), built on its patented 'AN INTERNET-BASED SEARCH MECHANISM' technology. The company's EthicalWeb.AI search platform provides decentralized control, anonymized user data, and an advertisement-free commercial model. It operates through UK subsidiaries, Bubblr Limited (non-trading) and Bubblr Holdings Limited (IP holding). Despite its products, the company has not generated significant revenue and relies on financing.
Revenue drivers
- AI Vault — Enterprise solution addressing generative AI data security; available on AWS Marketplace; targeting organizations restricting ChatGPT use; partnering with a global service provider to include offering in a broader package for low customer acquisition costs.
- AI Seek — Consumer search app on Apple App Store with customizable search parameters; commercial strategy is a partnership/licensing model customizing interface and search settings for licensees.
- EthicalWeb.AI Search Platform — White-label solution based on Patent No. 10977387; aims to license to technology companies and strategic sectors; monetization via subscription-based model for suppliers, with no advertising.
Recent performance
In the fiscal year 2025, annual revenue was $3,369, a significant decline from $5,349 in 2024 and $2,620 in 2023. Net loss for 2025 was $1.3 million, consistent with the 2024 loss. Operating cash flow was negative $270,980 in 2025, down from negative $144,642 in 2024. Quarterly revenue has trended downward: $712 (June 2025), $1,365 (September 2025), $651 (December 2025), and $436 (March 2026). As of March 31, 2026, total assets were $1.2 million, total liabilities $4.2 million, and shareholder equity was negative $3.0 million.
Strategy
The company is pivoting to enterprise-focused products, particularly AI Vault, to leverage generative AI growth while addressing data security. It plans to use a partnership model to reduce customer acquisition costs and scale rapidly, including a global service provider arrangement. It continues to pursue commercial partnerships for its patented search platform, aiming for white-label deployments. The company also intends to protect and expand its intellectual property, with a related patent application filed in 2022.
Risks
- Going concern — Auditor has issued a going-concern opinion; accumulated deficit of $2,840,260 as of December 31, 2025, and dependence on financing for next twelve months.
- Limited operating history — Limited operations to date makes it difficult to evaluate business, with high failure rate typical for new enterprises.
- Insider usage of generative AI — Despite bans, employees secretly use tools like ChatGPT, potentially undermining the value proposition of AI Vault if data security concerns persist.
- Market acceptance — Acceptance of its products by target market is uncertain; competition from larger, more established companies could limit adoption.
Outlook
Management states the company is entering a period of revenue growth driven by enterprise product launches, but no specific revenue guidance is provided. The company's future depends on obtaining additional financing or achieving profitable operations. It aims to capitalize on generative AI market opportunities through partnerships and its patented IP.