Every 10-Q that Advent Technologies Holdings, Inc. (ADN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ADN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADN filings page.
Advent Technologies Holdings, Inc. reported Q3 2025 net income of $8.6 million, reversing a prior-year net loss of $18.5 million, mainly due to an $11.7 million gain from settling a legacy payable tied to the Danish bankruptcy estate. Core operations remained weak: Q3 revenue fell to $62 thousand from $128 thousand, with an operating loss of $2.4 million. For the first nine months of 2025, revenue was $293 thousand versus $3.5 million a year earlier, while operating loss was $8.2 million, but net income reached $1.6 million because of one-time items.
The balance sheet is highly strained. At September 30, 2025, Advent had $468 thousand in cash, total assets of $6.7 million, total liabilities of $24.5 million and a stockholders’ deficit of $17.8 million, with negative working capital of $16.0 million. Management states there is substantial doubt about the company’s ability to continue as a going concern without near-term financing, citing overdue obligations, dependence on external funding, and uncertainty around cost-cutting and revenue growth.
Advent Technologies Holdings, Inc. reported weak interim results with cash of $75 thousand and total assets of $6.69 million as of June 30, 2025. Revenue for the quarter was $99 thousand (down from $654 thousand a year earlier) and the company recorded a net loss of $3.797 million for the three months and $7.071 million for the six months ended June 30, 2025.
The balance sheet shows total liabilities of $36.112 million and a stockholders' deficit of $29.422 million, including a negative net working capital position of $27.8 million. Management discloses substantial doubt about the company’s ability to continue as a going concern and outlines reliance on additional equity or debt financing, recent high-cost short-term loans, a settlement with F.E.R. for approximately €5.37 million and the bankruptcy and liquidation of its Danish subsidiary, presented as discontinued operations.