Flexshopper Stock Price, News & Analysis

FlexShopper, Inc. (NASDAQ: FPAY) operates in the consumer electronics and appliances rental industry within the broader real estate and rental and leasing sector. Through its FlexShopper, LLC subsidiary and related entities, the company positions itself as a financial technology business that focuses on lease-to-own (LTO) and lending products for consumers who may have limited access to traditional credit. According to company disclosures, FlexShopper describes itself as a national online lease-to-own retailer and payment solutions provider, emphasizing flexible payment options and funding structures tailored to underserved consumer segments.

FlexShopper’s business model centers on offering payment options through a direct-to-consumer online marketplace and through partnerships with merchants. The company states that it operates an online marketplace at FlexShopper.com, where consumers can obtain durable goods on a lease-to-own basis. In addition, FlexShopper partners with retailers at both online and brick-and-mortar locations, integrating its LTO and lending products into merchant sales processes. The company explains that its solutions are designed to provide flexible funding options and payment plans, with a focus on consumers who may not have sufficient cash or access to conventional credit.

In prior descriptions and press releases, FlexShopper has characterized itself as a national financial technology company that offers payment options and funding solutions via lease-to-own and lending products. It notes that these offerings are available through its direct marketplace and through business-to-business arrangements with partner merchants. The company’s disclosures highlight that its products are intended to serve a wide range of consumer segments, particularly those described as underserved, by providing alternative payment structures for obtaining durable goods.

FlexShopper’s operations involve multiple financing and credit facilities that support its lease and loan portfolios. SEC filings describe credit agreements entered into by FlexShopper subsidiaries with institutional lenders, including arrangements secured by lease and loan receivables. These filings detail borrowing structures, forbearance agreements, and amendments that affect how the company funds its operations and manages liquidity. The company has also disclosed rights offerings and related capital-raising activities intended to adjust its capital structure, including efforts to equitize portions of its debt and preferred stock.

FlexShopper’s regulatory filings provide insight into its financial reporting and control environment. The company has reported delays in filing its Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q for subsequent periods, leading to deficiency notices and delisting proceedings from The Nasdaq Stock Market. In a Form 12b-25 and related Form 8-K disclosures, FlexShopper’s board concluded that certain previously issued financial statements for multiple periods should no longer be relied upon, citing an ongoing independent investigation into alleged misrepresentations and forged documents provided in connection with its audit process. The company has indicated that it intends to file amended and delayed reports as soon as practicable, while acknowledging uncertainty around timing.

Nasdaq-related communications disclosed by FlexShopper show that the company has faced listing compliance challenges on several fronts. These include delinquent SEC filings under Nasdaq Listing Rule 5250(c)(1) and a minimum bid price deficiency under Nasdaq Listing Rule 5450(a)(1). In October 2025, FlexShopper announced that Nasdaq initiated a process to delist the company’s common stock due to its failure to file required periodic reports by a specified deadline. The company stated that it does not intend to request a hearing, and that trading on the Nasdaq Capital Market is expected to be suspended before a Form 25-NSE is filed to remove the listing and registration of its common stock. While these disclosures describe a delisting process, they do not, by themselves, address whether the company’s securities may trade on other venues.

FlexShopper’s SEC filings also describe significant developments related to its financing arrangements and going concern considerations. The company has disclosed events of default and forbearance agreements under a major credit facility, including allegations that borrowing base calculations were materially overstated. An 8-K filing notes that failure to negotiate and complete a restructuring of this credit agreement would materially and negatively impact the company’s ability to continue as a going concern. Another filing describes an acceleration notice under a credit agreement, in which the administrative agent declared all outstanding obligations immediately due and payable and terminated FlexShopper, LLC’s role as servicer under a servicing agreement, while also indicating that no additional amounts would be loaned under that facility.

In addition to financing matters, FlexShopper has reported changes in leadership and governance. SEC filings and press releases describe the termination of the company’s then–chief executive and chief financial officer, the appointment of a chief restructuring officer through an engagement with a restructuring advisory firm, and the resignations of certain directors and an executive officer. These disclosures are presented in the context of the company’s financial reporting issues, lender negotiations, and ongoing investigation into alleged misrepresentations.

Despite these challenges, FlexShopper’s earlier communications for 2024 and early 2025 described growth in its lease and loan originations, expansion of its LTO offerings across thousands of locations, and the development of direct-to-consumer and business-to-business growth strategies. The company has reported that its marketplace and partnership channels contribute to lease originations and loan volumes, and that it seeks to align its funding, underwriting, and technology capabilities with its payment solutions business. However, investors are directed in the company’s own filings to consider that certain historical financial statements and related earnings communications should not be relied upon pending completion of restatements and audits.

According to its SEC filings, FlexShopper’s common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and, as of the most recent filings, is listed on The Nasdaq Stock Market under the symbol FPAY, subject to the delisting process described in the company’s October 2025 notice. The company’s principal executive offices are located in Boca Raton, Florida, as reflected in multiple SEC reports.