NEW YORK, April 30, 2026, 15:04 (EDT)
- Rezolve AI reported first-quarter revenue of $60 million from unaudited management accounts, outpacing its audited 2025 revenue figure of $46.8 million.
- The company is sticking with its $360 million revenue target for 2026, adding that it sees a path to profitability that doesn’t involve an additional equity sale.
- Rezolve is pressing ahead with a public campaign for Commerce.com, even after the company turned down its all-stock bid.
Rezolve AI PLC reported Thursday that its first-quarter revenue hit $60 million—already surpassing the company’s total for all of 2025. The Nasdaq-listed AI commerce firm is now facing a crucial test: can it sustain this pace and deliver a full-year outperformance? The number comes from unaudited management accounts.
Rezolve climbed 4.9% to $2.58 in New York afternoon action, with roughly 12.9 million shares traded, market data showed. Commerce.com added 1.1%, last at $2.82.
The figure has become critical as Rezolve pushes to shift its AI commerce narrative toward actual booked revenue. The company is selling “agentic commerce” — essentially, a platform that enables AI to guide shoppers through picking products and making purchases, not just fielding queries. GlobeNewswire
Rezolve reported heading into 2026 with an annualized revenue run-rate topping $232 million, a figure calculated off its December monthly recurring revenue (MRR) of $19.4 million. The company uses MRR to track contractual recurring revenue each month; annualized recurring revenue (ARR) simply multiplies that monthly number by 12 but doesn’t line up with revenue recognized under standard accounting.
The company maintained that its first-quarter results back up the previously issued $360 million revenue target for 2026. Management also reiterated confidence in hitting the 2026 roadmap and turning profitable without tapping equity markets—an assurance investors have wanted, considering how frequently early-stage AI and software names have leaned on share offerings in recent years.
“Delivering $60 million of revenue in the first quarter is a major inflection point,” said Chief Executive Daniel M. Wagner. Wagner noted that Rezolve pulled in more revenue over just 90 days than it did across the entirety of 2025. Rezolve AI Ltd.
One thing to note: Rezolve doesn’t typically publish quarterly figures. This first-quarter report was an exception, aimed at giving shareholders a clearer picture. The numbers are still preliminary and haven’t gone through an audit.
The battle for dominance is playing out at Commerce.com, the company once known as BigCommerce Holdings. On April 8, Commerce.com disclosed that Rezolve made an offer to acquire all outstanding Commerce.com shares by swapping one Rezolve share for every two Commerce.com shares. According to Commerce.com, that deal would come at a steep 47% discount—so the board saw no reason to pursue talks.
Commerce.com moved to put a limited-duration stockholder rights plan in place—a classic poison pill maneuver that’s designed to complicate or raise the cost of hostile takeover attempts. Executive chair Ellen Siminoff described the move as a way for the board to secure “time and flexibility” as it weighs potential offers. GlobeNewswire
Rezolve is still pursuing the issue. According to a Form 6-K filed April 29, the company handed out a flyer at Commerce Live in Chicago that took aim at Commerce.com’s results, contending that a merger could link roughly 60,000 storefronts with Rezolve’s Brain Suite and RezolvePay offerings. The filing also noted this communication shouldn’t be seen as a formal bid for any securities.
Commerce.com rolled out a slate of product updates at Commerce Live, touching on storefronts, payments, and new AI-powered features like agent-enabled checkout and conversational search. “We’re giving merchants the infrastructure to move faster,” chief product officer Vipul Shah said. GlobeNewswire
Rezolve has looked to bolster its AI credentials via alliances with bigger tech players. On April 13, it announced that its brainpowa suite—models tailored for commerce—went live in Microsoft Foundry, accessible through Azure. Jason Graefe, corporate VP for AI Partner Catalyst at Microsoft, called the models “trained specifically for commerce.” Rezolve AI Ltd.
Execution is the hurdle here. Rezolve needs to turn those contracted dollars into actual recognized revenue, keep clients engaged with its products, and keep scaling up—all without tapping new equity. In its own filings, Rezolve flags the risk: customers could choose not to renew or might dial back usage, while rivals, regulatory changes, soft macro conditions, or integration headaches could all upend projections.
