Azio AI Holdings (AZIO) delays Q2 10-Q; prior $10.1M goodwill hit absent
Rhea-AI Filing Summary
Azio AI Holdings, Inc. reported that it will miss the deadline for filing its Quarterly Report on Form 10‑Q for the quarter ended June 30, 2026 and is using the Rule 12b‑25 extension. Management cites the need for additional time to complete the final review of financial statements and other disclosures and expects to file within the five‑calendar‑day extension period.
The company also states that the Form 10‑Q will reflect a significant change in net loss versus the prior year period, primarily because a $10,103,048 goodwill impairment recorded for the six months ended June 30, 2025 did not recur for the six months ended June 30, 2026.
Positive
- $10,103,048 goodwill impairment did not recur in 2026, which is expected to produce a significant change in net loss compared with the six months ended June 30, 2025.
Negative
- The company failed to file its Form 10‑Q on time and requires a Rule 12b‑25 extension, citing the need for additional time to finalize financial statements and disclosures.
Filing Explained
The
Key Figures
Reporting period end: June 30, 2026
Goodwill impairment: $10,103,048
Extension period: five calendar days
3 metrics
Reporting period end
June 30, 2026
Quarterly Report on Form 10-Q subject to the late-filing notification
Goodwill impairment
$10,103,048
Recorded for the six months ended June 30, 2025 and not incurred in the six months ended June 30, 2026
Extension period
five calendar days
Expected filing window under Rule 12b-25 for the delayed Form 10-Q
Key Terms
Rule 12b-25, goodwill impairment, net loss, forward-looking statements
4 terms
Rule 12b-25 regulatory
"the five calendar day extension period provided under Rule 12b-25"
Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.
goodwill impairment financial
"due to an impairment of goodwill of $10,103,048 for the six months"
Goodwill impairment occurs when a company’s valued reputation or brand strength, known as goodwill, is found to be worth less than previously recorded on its financial statements. This usually happens when the company's performance declines or market conditions change, signaling that the expected benefits from acquisitions or brand value are no longer as strong. It matters to investors because it can indicate that a company's assets are less valuable than initially thought, potentially affecting its overall financial health.
net loss financial
"significant changes in the Company’s net loss from the corresponding period"
Net loss is the amount by which a company’s total costs and expenses exceed its total income during a reporting period, after taking into account taxes and one‑time items. It matters to investors because repeated or large net losses can shrink a company’s cash and owner value, reducing its ability to pay dividends, invest for growth or borrow money — like a household spending more than it earns and dipping into savings to cover the shortfall.
forward-looking statements regulatory
"includes information that constitutes forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
Why did Azio AI Holdings (AZIO) delay its Form 10-Q for June 30, 2026?
Azio AI delayed its Form 10-Q because it needs more time to complete final review of its financial statements and disclosures. The company states that filing within the Rule 12b-25 five-day extension period is expected, citing unreasonable effort and expense to file by the original deadline.
When does Azio AI Holdings (AZIO) expect to file the late Q2 2026 Form 10-Q?
Azio AI expects to file the delayed Form 10-Q within the five calendar day extension allowed under Rule 12b-25. This applies to its quarterly report for the period ended June 30, 2026, which could not be completed by the original SEC due date.
What significant change in results does Azio AI (AZIO) anticipate for the June 30, 2026 quarter?
Azio AI anticipates a significant change in net loss compared with the prior-year period because a $10,103,048 goodwill impairment recognized for the six months ended June 30, 2025 did not occur in the six months ended June 30, 2026.
Can Azio AI Holdings (AZIO) estimate its Q2 2026 results of operations now?
Azio AI reports that it cannot yet provide reasonable estimates of changes in results of operations. The company says it needs more time to complete financial statement preparation and review, even though it expects a significant impact from the absence of the prior-year goodwill impairment.
Does Azio AI (AZIO) explain the prior goodwill impairment affecting its comparative results?
Azio AI notes a $10,103,048 goodwill impairment recorded for the six months ended June 30, 2025. This impairment will not recur in the six months ended June 30, 2026, and the company cites this as the main driver of the expected significant change in net loss.
AI-generated analysis. How Rhea-AI works. Not financial advice.
