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  4. [NT 10-Q] CFN Enterprises Inc. SEC Filing

CFN Enterprises (CNFN) delays 10-Q as estimated losses narrow

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

CFN Enterprises Inc. has notified investors that it will file its Quarterly Report on Form 10-Q for the period ended June 30, 2026 after the deadline, relying on the five-calendar-day extension permitted under Rule 12b-25 because it is still completing its financial statements.

Based on preliminary estimates, net loss available to common shareholders for the three months ended June 30, 2026 is expected to be approximately $1.48 million, compared with approximately $2.35 million for the same period in 2025. For the six months ended June 30, 2026, net loss available to common shareholders is anticipated to be approximately $2.73 million, versus approximately $4.92 million a year earlier.

The company attributes these significant changes primarily to reduced loss from discontinued operations following the wind-down of its Ranco business, partially offset by higher loss from continuing operations. Management emphasizes that these figures are preliminary, unaudited, subject to change upon completion of the financial statements, and have not been reviewed by the independent registered public accounting firm.

Positive

  • Preliminary results indicate a materially lower net loss, with three-month loss improving from $2.35 million to about $1.48 million and six-month loss from $4.92 million to about $2.73 million, reflecting reduced loss from discontinued operations.
  • Wind-down of the Ranco business has reduced loss from discontinued operations, contributing to the anticipated year-over-year improvement in total net loss available to common shareholders.

Negative

  • The company will file its Form 10-Q for the quarter ended June 30, 2026 late and must rely on a Rule 12b-25 extension due to incomplete financial statements.
  • Despite overall improvement, the company expects a higher loss from continuing operations for the three and six months ended June 30, 2026 compared with the prior-year periods.
Net loss available to common shareholders (three months 2025) $2.35 million For the three months ended June 30, 2025
Net loss available to common shareholders (three months 2026, preliminary) $1.48 million Estimated for the three months ended June 30, 2026
Net loss available to common shareholders (six months 2025) $4.92 million For the six months ended June 30, 2025
Net loss available to common shareholders (six months 2026, preliminary) $2.73 million Estimated for the six months ended June 30, 2026
Rule 12b-25 extension 5 calendar days Extension period expected to be used for filing the Form 10-Q
Notification of Late Filing regulatory
"is filing this Notification of Late Filing on Form 12b-25"
A notification of late filing is a formal public statement that a company failed to submit a required regulatory report (for example, quarterly or annual financial statements) by the deadline. It matters to investors because missed filings can signal accounting, operational, or governance problems, may lead to fines or trading restrictions, and increases uncertainty about the company's transparency—like a public “we missed the deadline” flag that raises risk for shareholders.
Rule 12b-25 regulatory
"provided by 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.
discontinued operations financial
"reduced loss from discontinued operations following the wind-down"
Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.
continuing operations financial
"offset by the higher loss from continuing operations"
Continuing operations are the parts of a company's business that it expects to keep running into the future, excluding divisions or activities it has sold, closed, or classified as discontinued. Investors watch continuing operations because they show the company’s core ability to generate revenue and profit over time — like evaluating the healthy, ongoing crops on a farm rather than one-off harvests from fields you've already sold.
forward-looking statements regulatory
"CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION"
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 is CNFN filing its Form 10-Q for June 30, 2026 late?
CFN Enterprises Inc. is delaying its Form 10-Q because it is still completing its financial statements for the quarter ended June 30, 2026. It states that filing on time would require unreasonable effort or expense and plans to use the five-day Rule 12b-25 extension.

When does CNFN expect to file the delayed June 30, 2026 Form 10-Q?
The company expects to file the Form 10-Q within the five calendar day extension allowed by Rule 12b-25 for quarterly reports. This means it anticipates submitting the report shortly after the original due date, once the financial statements are completed.

How do CNFN’s preliminary Q2 2026 results compare with Q2 2025?
For the three months ended June 30, 2026, CNFN anticipates a net loss available to common shareholders of about $1.48 million, compared with approximately $2.35 million for the same period in 2025, based on preliminary, unaudited internal estimates.

What are CNFN’s preliminary net loss figures for the first half of 2026?
For the six months ended June 30, 2026, CNFN expects a net loss available to common shareholders of about $2.73 million. This compares to approximately $4.92 million for the six months ended June 30, 2025, according to its preliminary estimates.

What is driving the anticipated change in CNFN’s results of operations?
CNFN attributes the significant change mainly to reduced loss from discontinued operations after winding down its Ranco business, partially offset by a higher loss from continuing operations. These factors are expected to materially alter results versus the prior-year quarter and half-year.

Are CNFN’s preliminary Q2 2026 figures audited or final?
No. The company states the preliminary figures are based on currently available information, that its independent registered public accounting firm has not audited or reviewed them, and that final results may differ from these estimates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

 

 

000-52635

Commission File Number

 

(Check one):

 

☐ Form 10-K

☐ Form 20-F

☐ Form 11-K

☒ Form 10-Q

☐ Form 10-D

 

 

☐ Form N-CEN

☐ Form N-CSR

 

 

 

 

 

 

 

 

 

 

 

 

For Period Ended:

June 30, 2026

 

 

☐ Transition Report on Form 10-K

 

 

 

 

☐ Transition Report on Form 20-F

 

 

 

 

☐ Transition Report on Form 11-K

 

 

 

 

☐ Transition Report on Form 10-Q

 

 

 

 

For the Transition Period Ended:

 

 

 

 

 

 

 

 

 

 

Read Instructions (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

 

 

PART I — REGISTRANT INFORMATION

 

CFN Enterprises Inc.

Full Name of Registrant

 

Former Name if Applicable

 

600 E. 8th Street

Address of Principal Executive Office (Street and Number)

 

Whitefish, MT 59937

City, State and Zip Code

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

 

(a)

The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense

 

☒

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

(c)

The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

 

PART III — NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

CFN Enterprises Inc. (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the period ended June 30, 2026 (the “Report”). The Company has determined that it is unable to file the Report within the prescribed time period without unreasonable effort or expense. Additional time is necessary as the Company is still working on the completion of the financial statements for the period ended June 30, 2026.

 

The Company expects to file the Report within the 5 calendar day extension period provided by Rule 12b-25.

 

PART IV — OTHER INFORMATION

 

(1)

Name and telephone number of person to contact in regard to this notification

 

Brian Ross

 

833

 

420-2636

 

(Name)

 

(Area Code)

 

(Telephone Number)

 

 

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

 

 

 

 

 

 

 

☒ Yes    ☐ No

 

 

 

 

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

 

 

 

 

 

 

 

 

 

 

 

 

☒Yes    ☐ No

 

 

 

 

 

 

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

 

 

The Company’s results of operations for the three and six months ended June 30, 2026 are anticipated to be significantly different from the corresponding period in the prior fiscal year primarily due to reduced loss from discontinued operations following the wind-down of the Company’s Ranco business, offset by the higher loss from continuing operations.  The Company had a net loss available to common shareholders of approximately $2.35 million and $4.92 million, respectively, during the three and six months ended June 30, 2025.  The Company anticipates a net loss available to common shareholders for the three and six months ended June 30, 2026 of approximately $1.48 million and $2.73 million, respectively, pending completion of the Company’s financial statements.

 

 

The above financial disclosure is preliminary, based upon the Company’s estimates and subject to completion of the Company’s financial statements and has been prepared on the basis of currently available information. The Company’s independent registered public accounting firm has not audited or reviewed, and does not express an opinion with respect to, this disclosure. This disclosure does not constitute a comprehensive statement of the Company’s financial results for the periods ended June 30, 2026, and the Company’s final numbers for this period may differ significantly from the corresponding period in the prior fiscal year.

 

 

 

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

 

 

 

This Form 12b-25 contains certain forward-looking statements. Forward-looking statements may include the Company’s statements regarding its results or projections or current expectations. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. Most of these factors are difficult to predict accurately and are generally beyond the Company’s control. Readers should consider the areas of risk described in connection with any forward-looking statements that may be made herein. The business and operations of the Company are subject to substantial risks, which increase the uncertainty inherent in the forward-looking statements contained in this form. Except as required by law, the Company undertakes no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Further information on potential factors that could affect the Company’s business is described under “Item 1A. Risk Factors” contained in the Company’s annual report on Form 10-K as filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2026 and in the Company’s other filings with the SEC. Readers are also urged to carefully review and consider the various disclosures the Company has made in this form and in its annual report on Form 10-K and in the Company’s other filings with the SEC.

 

 

 

 

CFN Enterprises Inc.

 

 

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date

August 17, 2026

 

By

/s/ Brian Ross

 

 

 

 

Brian Ross

 

 

 

 

President and Chief Executive Officer

 

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

 

Source: View Original Filing on SEC EDGAR