Here are the 10-Q quarterly reports from Arvana Inc (AVNI) 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 AVNI 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 AVNI filings page.
Arvana Inc. reported a net loss of $1,471,621 for the nine months ended September 30, 2025 on modest revenue of $84,378, mostly from fishing charters and equipment leases that have now ceased. Gross profit was $53,251, but operating expenses of $1,121,845—driven largely by consulting, professional fees, and $754,535 of stock-based compensation—pushed the business deep into the red.
Arvana spun off its Down 2 Fish Charters subsidiary on August 15, 2025, transferring marine equipment, a commercial fishing license, and related debt to the seller and recording a $78,284 gain. Following the spinoff, management plans to pivot to a real estate redevelopment strategy focused on vacant big box retail properties.
The balance sheet is strained: current assets were $5,625 and cash was $0 at September 30, 2025, versus current liabilities of $1,791,177, resulting in a working capital deficit of $1,785,552 and an accumulated deficit of $39,499,072. The company discloses substantial doubt about its ability to continue as a going concern and expects to rely on related-party funding and potential equity or debt financings. Common shares outstanding increased to 122,274,125 at September 30, 2025 and 127,274,125 at December 1, 2025, reflecting significant equity issuances for consulting services, debt amendments, and a stock purchase commitment fee.