Myseum, Inc. Annual Report: A Plain-English Summary

I’ve put together this guide to help you understand how Myseum, Inc. performed this year. My goal is to break down their complex filings into simple terms so you can decide if this company belongs in your portfolio.

1. What does this company do?

Myseum is a tech company focused on "privacy-first" social media. They want to give users total control over their digital footprint. Their main products are:

• DatChat Messenger: A secure app that lets you "nuke" messages, block screenshots, and hide encrypted photos. It uses blockchain technology to keep messages on your device rather than a central server.
• Picture Party: A private photo-sharing app for families. It avoids the privacy issues of mainstream social media by using end-to-end encryption and allowing users to set expiration dates on shared photos.

2. Major changes this year

The company has been narrowing its focus to improve efficiency:

• The "Habytat" Exit: They stopped developing their metaverse project. This removes the high costs of maintaining 3D environments so they can focus entirely on messaging.
• RPM Interactive: They sold this digital marketing subsidiary for $250,000 to shed non-core assets and simplify their finances.
• Lean Operations: As of March 2026, the company runs on a skeleton crew of 11 full-time employees. They use outside consultants to keep monthly operating costs below $250,000.

3. Financial performance

Myseum is currently in a "survival" phase, not a "profit" phase.

• Revenue Status: The company has not generated recurring subscription or advertising income since it started.
• Lower Losses: In 2025, they lost $3.04 million. This is an improvement over their $5.02 million loss in 2024, driven by staff cuts and the closure of the Habytat project.
• Cash Runway: As of late 2025, they had $3.05 million in cash. At their current spending rate, they have about 12 months of runway left. They plan to pursue revenue through premium subscriptions and privacy-compliant ads.

4. Competitive positioning

Myseum faces an uphill battle against giants like WhatsApp and Snapchat, which have billions of users. Their main advantage is 20 patents covering encryption and decentralized data storage. However, these patents may not prevent larger competitors from copying features or outspending them in legal challenges.

5. Key risks

• The "David vs. Goliath" Problem: Myseum is tiny compared to tech titans with massive research budgets. They lack the marketing cash to attract the millions of users needed to scale.
• Platform Dependency: Their business relies entirely on the Apple and Google app stores. If these companies change their rules, raise fees, or add similar privacy features to their own phones, Myseum’s business could be negatively impacted.
• Unproven Tech: If users do not adopt their apps or refuse to pay for premium features, the company has no backup plan. They would likely need to issue more shares, which would reduce your ownership percentage.

6. Future outlook

The company is in "build mode." They are banking on the idea that as people worry more about data privacy, they will switch to a platform that guarantees "nukeable" messages. Their goal for 2026 is to reach 500,000 active users to prove the platform works before they attempt to monetize.

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Bottom Line: This is a high-risk, early-stage venture. They are spending cash to build a user base that does not yet exist. Before investing, consider whether you believe their privacy-focused technology can overcome the massive marketing and user-base advantages held by established social media giants.