Here are the 10-Q quarterly reports from Adapti Inc (ADTI) in our archive since June 2025, 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 ADTI 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 ADTI filings page.
Adapti, Inc. filed a quarterly report showing a major transformation driven by its July 2025 acquisition of The Ballengee Group, a baseball-focused sports agency, and a pivot away from health and beauty products toward sports management and an AI marketing platform called AdaptAI.
For the nine months ended December 31, 2025, revenue rose sharply to $3,657,796, mainly from Ballengee’s MLB contract and marketing commissions, but the company posted a net loss of $5,837,708. In the latest quarter, it lost $2,946,326 on revenue of $1,525,695, reflecting heavy operating and amortization expenses tied to acquired contract receivables and brand intangibles.
Total assets increased to $31,790,593 at December 31, 2025, driven by $19,180,000 of future contract value and a $5,956,401 brand intangible from Ballengee. Liabilities were $18,291,939, including related-party promissory notes of $7,500,000, commissions payable of $4,100,957, a line of credit, and multiple related-party and third-party convertible notes.
The Ballengee purchase price was allocated at $27,500,000, including 6,500,000 shares of common stock, a $7,500,000 participating note, and up to $20,000,000 of stock-based earnouts over four years, though no earnout was earned for 2025. Common shares outstanding rose to 8,098,729 as of February 17, 2026 after a 1‑for‑4,000 reverse split and share issuance for the acquisition and various compensation and debt extensions.
Management discloses substantial doubt about Adapti’s ability to continue as a going concern. As of December 31, 2025, accumulated deficit was $15,350,102 and working capital deficit was $1,806,215. The company expects to fund operations through additional debt and equity financing while integrating Ballengee and finishing AdaptAI, estimated to require about $250,000 of development spending to reach internal use by December 31, 2026.
Adapti, Inc. (ADTI) reported a transformational quarter ended September 30, 2025, driven by its July 14 acquisition of The Ballengee Group, a baseball-focused sports agency. The deal consideration includes 6,500,000 common shares valued at $20,000,000, a $7,500,000 participating promissory note and up to $20,000,000 in stock-based earnouts; a preliminary $27,500,000 purchase price was allocated mainly to $19,180,000 of contract value and a $5,956,401 brand intangible.
Quarterly revenue surged to $2,131,437 from $2,030 a year earlier, almost entirely from Ballengee’s agent commissions and marketing income, but the company posted a net loss of $2,596,318, and a six‑month loss of $2,891,382. Total assets increased to $34,648,159 (including large contract receivables and intangibles), with total liabilities of $18,577,316, turning stockholders’ equity from a deficit to $16,070,843. Adapti had cash of $1,540,411 but a working capital deficit of $781,054 and discloses substantial doubt about its ability to continue as a going concern without new financing.
The company executed a 1‑for‑4,000 reverse stock split effective May 28, 2025 and had 8,039,259 common shares outstanding as of November 19, 2025. Funding is heavily reliant on related‑party and vendor debt, including multiple convertible notes generally convertible at $3.08 per share and new subordinated convertible notes totaling $2,156,000 to the CEO, executive chairman and interim CFO. Management is developing its AdaptAI marketing technology platform, targeting a launch by December 31, 2026, while integrating Ballengee’s operations.