NameSilo Technologies Corp: Comprehensive Company Profile & Financials

Quick Facts / Company Snapshot

• Company Name: NameSilo Technologies Corp.
• Head Office: 1100-1199 West Hastings Street, Vancouver, BC, Canada, V6E 3T5
• Stock Exchange Listing: Canadian Securities Exchange (CSE)
• Reporting Currency: Canadian Dollars (CAD)
• Total Revenue (Q1 2025): $15,872,636
• Net Income (Q1 2025): $1,622,623
• Total Assets: $49,063,439
• Total Liabilities: $47,208,014
• Total Equity: $1,855,425
• Cash and Cash Equivalents: $3,795,380
• Primary Business: Domain name registration and marketplace services
• Core Subsidiary: NameSilo, LLC (81.5% ownership)
• Total Domain Revenue: $14,636,565
• Deferred Revenue (Current): $31,765,411
• Working Capital Deficit: $13,329,832
• Goodwill Carrying Value: $8,766,565
• Digital Currency Holdings: $850,269
• Fiscal Period: Three months ended March 31, 2025
• Common Shares Outstanding: 87,917,648
• Key Directors: Paul Andreola, Colin Bowkett

Company Overview

NameSilo Technologies Corp. is a publicly listed entity incorporated in Canada, operating under the legislation of the Province of British Columbia. The company has established itself as a significant player in the digital infrastructure space, functioning primarily as a provider of domain name registration services and marketplace services that facilitate the buying and selling of domain names.

The company’s head office and principal address are located in the heart of Vancouver, British Columbia. Through its operations, NameSilo Technologies Corp. manages a robust portfolio of digital assets and provides essential services to webmasters, businesses, and individuals seeking to establish and maintain their online presence.

The organization operates through a consolidated structure that includes several subsidiaries, most notably NameSilo, LLC and NamePal.com, LLC, which are based in the United States. The company’s shares are actively traded on the Canadian Securities Exchange (CSE), providing public investors access to its growth trajectory in the internet services sector.

Strategically, the company focuses on generating positive cash flows from its core operations while also managing a diverse investment portfolio that includes digital currencies and equity stakes in various private and public companies. Despite facing a working capital deficit, the company continues to service a large customer base, evidenced by substantial deferred revenue balances which represent prepaid services to be delivered in future periods.

Business Segments

NameSilo Technologies Corp. categorizes its revenue streams into three distinct segments. These segments reflect the company’s dual focus on stable, recurring registration fees and high-value transactional revenue.

1. Domain Services

This is the company’s primary operational engine. Costs associated with this segment are largely driven by domain registration fees paid to various domain registries.

• Revenue (Q1 2025): $14,636,565
• Percentage of Total Revenue: 92.21% (Calculated: $14,636,565 / $15,872,636)
• Operational Scope: This segment encompasses the core function of the company: registering and renewing domain names for customers. The revenue is recognized over time as the service is provided, leading to significant deferred revenue on the balance sheet.
• Performance: This segment saw growth from $12,273,473 in the same period the previous year, highlighting continued demand for web presence.

2. Marketplace Transactions

The marketplace segment represents the transactional side of the business, where the company facilitates the transfer of domain ownership between parties.

• Revenue (Q1 2025): $1,093,740
• Percentage of Total Revenue: 6.89% (Calculated: $1,093,740 / $15,872,636)
• Operational Scope: This involves the buying and selling of domain names. Unlike standard registrations, these are often higher-value, one-time transactions.
• Performance: This segment experienced explosive growth, rising from $386,131 in Q1 2024 to over $1 million in Q1 2025, suggesting increased activity and liquidity in the company’s aftermarket platforms.

3. Other Services

• Revenue (Q1 2025): $142,331
• Percentage of Total Revenue: 0.90% (Calculated: $142,331 / $15,872,636)
• Operational Scope: This category captures ancillary revenue streams that fall outside the direct scope of registration and marketplace sales.
• Performance: Revenue in this segment remained relatively flat, showing a slight decrease from $142,361 in the prior year’s comparative period.

History and Evolution

NameSilo Technologies Corp. has evolved through strategic acquisitions and restructuring to become a focused provider of internet services.

• Incorporation and Listing: The company is incorporated in Canada and maintains its listing on the CSE.
• Acquisition of NameSilo LLC: A pivotal moment in the company’s history was the acquisition of NameSilo LLC. This acquisition brought with it significant intangible assets, including customer relationships and goodwill, which remain substantial assets on the company’s balance sheet today.
• Saw Technologies Transaction (May 2023): On May 25, 2023, the company’s subsidiary, NameSilo LLC, entered into an asset purchase agreement with Saw Technologies Inc. This transaction involved selling assets related to the “NameLot” domain brokerage business to a newly formed entity (“Newco”). In exchange, the company received a 40.75% equity stake in Newco, effectively creating a joint venture to co-manage domain brokerage operations.
• Share Buybacks (NCIB): In September 2023, the company initiated a Normal Course Issuer Bid (NCIB) to repurchase its own shares. This program concluded in September 2024, with all acquired shares returned to treasury and cancelled. This demonstrates management’s active approach to capital allocation and shareholder value.
• Debt Restructuring (2024): On October 7, 2024, the company successfully repaid a major convertible debenture loan amounting to $3,900,000, clearing a significant liability from its books.
• Strategic Investments (2024-2025): Recently, the company has aggressively expanded its investment portfolio, entering into convertible loan agreements with companies like Cheelcare, Alchemy Labs, and Canadabis Capital. These moves indicate a shift toward acting as a strategic capital provider in addition to its core operations.

Products and Services

NameSilo Technologies Corp. offers a suite of digital products primarily centered around the lifecycle of a domain name.

Domain Registration Services

• Revenue Contribution: Included within the $14.6 million Domain Services segment.
• Profile: As an ICANN-accredited registrar, NameSilo provides domain registration for top-level domains (TLDs). The service includes free WHOIS privacy, email forwarding, and DNS management. The company prides itself on “everyday low prices” and transparent pricing structures without hidden renewal fees (Official Website).
• Deferred Revenue Impact: Since customers pay for domains in advance (often for multiple years), this product generates substantial cash float. As of March 31, 2025, the company held over $33 million in deferred revenue related to these services.

Domain Marketplace

• Revenue Contribution: $1.09 million (Q1 2025).
• Profile: The marketplace allows users to list and purchase premium domain names. It serves as a liquidity platform for domain investors and business owners looking for specific branding assets. The significant year-over-year growth in this product line indicates increasing traction among domain traders.

Hosting and SSL Services

• Revenue Contribution: Included in “Other” or “Domain Services” depending on bundling.
• Profile: To complement domain registration, the company offers web hosting solutions and SSL certificates. These services ensure that customers can build and secure their websites immediately after registering a domain name. The company emphasizes security and ease of integration for these add-on services (Official Website).

API Services

• Revenue Contribution: Indirect contributor to Domain Services.
• Profile: NameSilo offers an Application Programming Interface (API) that allows resellers and high-volume domain investors to automate registration, renewals, and management tasks. This technical capability supports bulk operations and integrates NameSilo’s infrastructure into third-party platforms (Official Website).

Brand Portfolio

The company operates through a portfolio of brands that target different segments of the internet services market.

NameSilo

• Status: Flagship Brand.
• Profile: NameSilo is the primary consumer-facing brand. It is recognized for its cost-effective pricing model and user-friendly interface. It serves a global customer base ranging from individual bloggers to large corporations. The brand is associated with the bulk of the company’s $15.8 million quarterly revenue.

NamePal

• Status: Subsidiary Brand.
• Profile: Operating under NamePal.com, LLC, this brand functions as another registrar entity within the corporate group. It provides similar services to NameSilo and is 81.5% owned by the parent company.

Saw.com (Joint Venture Interest)

• Status: Joint Venture Brand (40.75% ownership).
• Profile: Through its investment in “Newco,” NameSilo has an interest in the Saw.com brand. This brand specializes in domain brokerage—helping clients buy and sell high-value domains. It positions itself as an expert in negotiation and acquisition strategy. In Q1 2025, the joint venture operating this brand generated $2.4 million in revenue, of which NameSilo recognized a share of income.

Geographical Presence

NameSilo Technologies Corp. manages a global digital footprint with physical administrative roots in North America.

Canada

• Role: Corporate Headquarters and Financial Reporting Hub.
• Entity: 1155064 BC Ltd. (Active).
• Profile: The head office is located in Vancouver, British Columbia. This location manages the corporate governance, financial consolidation, and strategic direction of the group.

United States

• Role: Primary Operational Jurisdiction.
• Entities: NameSilo, LLC and NamePal.com, LLC.
• Profile: Both active operating subsidiaries are incorporated in the USA. Given the nature of the internet domain industry (with major registries and ICANN often US-centric), the US remains a critical operational jurisdiction. The company notes that indirect tax liabilities are accrued for various states, indicating a broad customer base across the US.

Argentina

• Role: Inactive Subsidiary.
• Entity: Netco Argentina S.A..
• Profile: This entity is listed as 100% owned but inactive as of March 31, 2025. It currently does not contribute to active operations.

Financial Performance Analysis

The financial performance for the first quarter of 2025 demonstrates strong top-line growth and effective cost management, despite balance sheet pressures.

Consolidated Performance

• Total Revenue Growth: Revenue increased by approximately 24%, rising from $12,801,965 in Q1 2024 to $15,872,636 in Q1 2025.
• Net Income Growth: Net income improved significantly, reaching $1,622,623 in Q1 2025 compared to $1,214,490 in the prior year.
• Comprehensive Income: After accounting for foreign exchange and digital currency revaluations, total comprehensive income stood at $1,916,829.

Profit and Loss Analysis

• Gross Profit: The company reported a gross profit of $4,132,472.
• Gross Margin: 26.0% (Calculated: $4,132,472 / $15,872,636).
• Cost of Sales: $11,740,164. This cost is primarily composed of registry fees paid to domain authorities.
• Operating Expenses: Total General and Administration expenses were $2,179,646.
  • Merchant Fees: The largest single expense line item was $637,977, reflecting the transaction costs of processing payments.
  • Contractor Fees: $700,912, indicating a reliance on external talent for operations.
  • Amortization: $273,626, related to intangible assets and equipment.
• Other Items:
  • Digital Currency Gain: A realized gain of $234,382 was recorded.
  • Investment Loss: A loss of $369,862 was incurred on investments.
  • Income Tax: The company recorded an income tax expense of $126,524.

Balance Sheet Analysis

• Total Assets: $49,063,439.
  • Cash: $3,795,380, up from $3,003,106 at year-end 2024.
  • Prepaid Registry Fees: A massive asset of $25,165,679 (current) and $1,075,027 (long-term). This represents fees paid to registries for domain years that have not yet elapsed.
  • Goodwill: $8,766,565, representing the premium paid for acquisitions.
• Total Liabilities: $47,208,014.
  • Deferred Revenue: The largest liability is deferred revenue ($31,765,411 current + $1,301,940 long-term). This represents cash collected from customers for services (domain years) that will be recognized in the future.
  • Accounts Payable: $8,717,760, which includes a significant accrual for estimated indirect tax liabilities of $5,471,359.
• Equity: Total equity is $1,855,425. This figure is suppressed by a large accumulated deficit of $34,460,390.
• Working Capital: The company operates with a working capital deficit of $13,329,832. This is a critical financial metric noted by management as a material uncertainty.

Cash Flow Analysis

• Operating Activities: The company generated positive cash flow from operations of $2,437,245. This was largely driven by an increase in deferred revenue of $1.59 million, illustrating the favorable cash cycle of the domain subscription model.
• Investing Activities: Net cash used in investing activities was $734,679. Major outflows included $294,745 for purchasing investments and $1,050,000 for promissory notes receivable, partially offset by sales of digital currency ($710,066).
• Financing Activities: Net cash used was **$945,520**. This was primarily due to share repurchases ($371,116) and distributions paid to non-controlling interests ($574,404).
• Free Cash Flow Insight: The company is generating sufficient operating cash to fund its financing obligations and strategic investments, contributing to a net increase in cash of $792,274 for the period.

Board of Directors and Leadership Team

The leadership team is comprised of experienced directors who also provide management services to the company.

Paul Andreola

• Role: Director.
• Contribution: Paul Andreola is a key figure in the company’s governance. For the three-month period ended March 31, 2025, he was paid or accrued management fees totaling $45,000. He signs off on the financial statements on behalf of the Board.

Colin Bowkett

• Role: Director.
• Contribution: Colin Bowkett serves alongside Paul Andreola on the Board. He also received or accrued management fees of $45,000 for the first quarter of 2025. His signature also appears on the approved financial statements.

Natasha Tsai (via Malaspina Consultants Inc.)

• Role: Chief Financial Officer (CFO).
• Contribution: Natasha Tsai is a shareholder of Malaspina Consultants Inc., which provides professional services to NameSilo. During Q1 2025, the company paid or accrued $46,589 in professional fees to Malaspina Consultants Inc..

Subsidiaries, Associates, Joint Ventures

The company structure includes wholly-owned subsidiaries, majority-owned operating companies, and strategic equity investments.

1. NameSilo, LLC

• Ownership: 81.5%.
• Status: Active.
• Revenue Contribution: As the primary operating entity, it drives the majority of the $15.8 million consolidated revenue.
• Profile: Incorporated in the USA, this entity houses the core registrar business, customer relationships, and goodwill. It distributes cash to members, including significant distributions to non-controlling interests.

2. NamePal.com, LLC

• Ownership: 81.5%.
• Status: Active.
• Profile: Also incorporated in the USA, acting as a complementary registrar service.

3. Newco (Saw Technologies Inc. Joint Venture)

• Ownership: 40.75%.
• Revenue (Joint Venture Total): $2,409,052 (NameSilo share of income: $178,078).
• Profile: A joint venture formed with Saw Technologies Inc. to operate the domain brokerage business. The arrangement is controlled collectively, with unanimous consent required for relevant activities.

4. Ola Media Innovations Inc.

• Ownership: 20% interest.
• Profile: An associate company where NameSilo exerts significant influence. For Q1 2025, Ola Media reported a net loss, and NameSilo recognized an equity loss of $136,868.

5. Alchemy Labs Inc.

• Ownership: ~4% (plus convertible debt).
• Profile: Despite low equity ownership, NameSilo has significant influence through board representation. NameSilo has extended a substantial convertible loan facility to Alchemy, which was increased to $1,000,000 in March 2025. Alchemy reported a net loss of $998,278 for the quarter.

6. 1155064 BC Ltd.

• Ownership: 100%.
• Status: Active.
• Profile: A Canadian holding subsidiary.

7. Netco Argentina S.A.

• Ownership: 100%.
• Status: Inactive.
• Profile: An inactive subsidiary based in Argentina.

Physical Properties

NameSilo Technologies Corp. is primarily a digital business, so its physical footprint is minimal and administrative.

• Head Office: Located at 1100-1199 West Hastings Street, Vancouver, BC. This is likely leased office space.
• Equipment: The company lists “Equipment” on its balance sheet with a net book value of $104,792 as of March 31, 2025. This consists largely of “Server & Domains” equipment (Cost: $115,363) and a small amount of “Furniture & Equipment” (Cost: $8,517).
• Capital Assets: The company does not own factories or plants. Its primary non-current assets are intangible: Goodwill ($8.7M), Customer Relationships ($350k), and Other Intangible Assets ($173k).

Segment-wise Performance

Domain Services Performance

• Trend: Revenue grew to $14.6 million in Q1 2025. This consistent growth reflects the stability of the renewal-based business model.
• Analysis: The segment provides the float (deferred revenue) that powers the company’s cash flow, allowing for investments in other areas.

Marketplace Performance

• Trend: This segment showed the most dynamic change, more than doubling its revenue year-over-year ($1.09M vs $0.38M).
• Analysis: This suggests successful strategic initiatives in the aftermarket space, possibly aided by the joint venture synergies with Saw.com, which specializes in brokerage.

Other Services Performance

• Trend: Revenue was flat at $142k.
• Analysis: This segment is currently not a growth driver but provides necessary ancillary services to the core user base.

Founders

Information regarding the original founders of the underlying businesses (such as the original NameSilo LLC founders) is not detailed in the financial snapshot provided. The document focuses on current governance under Directors Paul Andreola and Colin Bowkett.

Shareholding Pattern

The company’s equity structure includes public shareholders, treasury shares, and non-controlling interests.

• Common Shares Outstanding: 87,917,648 shares as of March 31, 2025.
• Share Repurchases: The company has been active in buying back its own stock. During Q1 2025, 639,500 shares were repurchased and cancelled at a cost of $371,116. In the full year of 2024, 907,500 shares were repurchased.
• Non-Controlling Interest (NCI): There is a significant NCI component (18.5%) related to the NameSilo, LLC subsidiary. The balance attributable to NCI was negative $(701,085) as of March 31, 2025, despite the subsidiary distributing $574,404 to these interest holders during the quarter.
• Treasury Shares: As of the reporting date, there were no treasury shares held, as repurchased shares were cancelled.

Parent

NameSilo Technologies Corp. acts as the ultimate parent company for its consolidated group. It does not list a separate parent entity in the provided documents.

Investments and Capital Expenditure Plans

NameSilo acts as an active investor, allocating capital to both digital assets and external companies.

Digital Currency Investments

• Holdings: As of March 31, 2025, the company held a portfolio valued at $850,269.
  • Bitcoin: 5.31 BTC (Fair Value: $630,503).
  • Ethereum: 44.10 ETH (Fair Value: $115,612).
  • Tether: 68,321 USDT (Fair Value: $98,218).
  • USD Coin: 4,129 USDC (Fair Value: $5,936).
• Strategy: Management views the digital currency market as volatile but maintains these holdings. They utilize the Kraken exchange for transactions.

Corporate Investments (Equity & Debt)

The company has a diverse portfolio of strategic investments:

• Atlas Engineered Products Ltd.: 971,079 shares valued at $922,525.
• Allur Group: 523,332 shares valued at $78,500.
• Cheelcare: The company holds $199,999 in convertible debentures and has extended a revolving facility. Recently, Cheelcare drew down $300,000 in promissory notes.
• Simply Solventless Concentrates Ltd.: Subscribed for $100,000 in convertible debentures yielding 11% interest.
• Canadabis Capital Inc.: Subsequent to the quarter, the company subscribed for $100,000 in convertible debentures.
• Alchemy Labs: The company has aggressively funded Alchemy, increasing a convertible loan facility to $1,000,000 and holding promissory notes for drawdowns.

Capital Expenditure

• Intangible Assets: During the period, the company invested in acquiring other intangible assets. In 2024, $171,225 was added to assets like domain names and customer data.
• Equipment: Purchases are minimal, with a focus on server and domain infrastructure.

Future Strategy

The company’s strategy forward relies on stabilizing its financial position and leveraging its investment portfolio.

• Going Concern Management: The immediate strategic priority is addressing the working capital deficit of $13.3 million. The company plans to manage this by generating positive cash flows from operations and earning returns on its investments.
• Investment Monetization: The company holds significant investments in private and public companies. The strategy involves realizing value from these assets, as seen with the sale of investments in previous periods.
• Expanding Credit Facilities: NameSilo is actively acting as a lender to its associate companies (Alchemy, Cheelcare), securing convertible debt positions. This strategy allows them to earn interest income (e.g., 11-12% per annum) while maintaining the option to convert debt into equity.
• Share Buybacks: The continued repurchase of shares indicates a strategy to consolidate ownership and improve earnings per share metrics.

Key Strengths

• Strong Revenue Growth: A 24% year-over-year increase in revenue demonstrates the vitality of the core business.
• Positive Operating Cash Flow: Despite net losses in some areas, the company generated $2.4 million in operating cash flow in Q1 2025, driven by its deferred revenue model.
• Substantial Deferred Revenue: With over $33 million in deferred revenue, the company has a predictable pipeline of revenue recognition for future periods.
• Diversified Asset Base: The company is not solely reliant on domains; it holds liquid digital currencies and equity stakes in diverse sectors (construction, cannabis, healthcare technology).

Key Challenges and Risks

• Working Capital Deficit: The most pressing challenge is the $13,329,832 working capital deficit. This creates “significant doubt” regarding the company’s ability to continue as a going concern without operational cash flow or new financing.
• Indirect Tax Liability: The company has accrued $5,471,359 for estimated indirect tax liabilities. This stems from the complexity of internet commerce taxation laws globally. Management notes that final audits could result in material differences from this estimate.
• Digital Currency Volatility: Holding assets in Bitcoin and Ethereum exposes the company to market volatility. While currently a gain, historical prices are not indicative of future value.
• Accumulated Deficit: The company has an accumulated deficit of $34,460,390, reflecting historical losses that weigh on total equity.

Conclusion and Strategic Outlook

NameSilo Technologies Corp. presents a profile of a growing digital service provider that is successfully scaling its core revenue streams while navigating a complex financial landscape. The company’s core domain registration business serves as a reliable cash generator, funding a dual strategy of share buybacks and aggressive strategic investments in emerging companies.

While the top-line growth and operating cash flows are robust, the company faces tangible risks related to its working capital position and potential tax liabilities. The management team’s active approach to deploying capital—evident in their venture lending and diverse equity portfolio—suggests a vision that extends beyond simple domain registration into broader investment holding activities.

As the company moves through 2025, its ability to convert its strategic investments into liquid returns and manage its short-term liabilities will be critical to its long-term success.

Official Site: https://www.namesilo.com/

FAQ Section

1. What is NameSilo Technologies Corp’s primary revenue source? The company generates the majority of its revenue from Domain Services, which accounted for approximately 92% of total revenue in the first quarter of 2025.
2. Does NameSilo Technologies Corp pay dividends? The provided financial documents do not indicate that NameSilo Technologies Corp pays dividends to its common shareholders. However, its subsidiary, NameSilo LLC, makes distributions to non-controlling interest holders.
3. What is the stock symbol for NameSilo Technologies Corp? The company’s shares are listed on the Canadian Securities Exchange (CSE).
4. Who audits NameSilo Technologies Corp? The interim financial statements for the period ended March 31, 2025, were unaudited and included a “Notice of No Auditor Review.”
5. What investments does NameSilo hold? NameSilo holds investments in digital currencies (Bitcoin, Ethereum) and equity/debt stakes in companies like Atlas Engineered Products, Cheelcare, Alchemy Labs, and Simply Solventless.
6. Where is NameSilo Technologies Corp headquartered? The head office is located at 1100-1199 West Hastings Street, Vancouver, BC, Canada.
7. What is NameSilo’s working capital position? As of March 31, 2025, the company reported a working capital deficit of $13,329,832.

Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.