Welcome to our dedicated page for CREATIVE REALITIES SEC filings (Ticker: CREX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Creative Realities, Inc. filings document the company’s digital signage, media and AdTech business, operating results and formal capital-structure actions. Recent 8-K reports cover quarterly and annual results, the completed warrant repurchase and cancellation, amendments to credit arrangements, and financing activity involving Series A Convertible Preferred Stock.
The company’s regulatory record also includes proxy materials addressing board composition, shareholder voting matters, executive compensation and equity awards. Other filings document reporting status, including a Form 12b-25 notice for an annual report, and material-event disclosures related to acquisition financing, governance changes, Nasdaq rule compliance and debt facilities used for corporate purposes.
Creative Realities, Inc. reported strong top-line growth for the fiscal fourth quarter ended December 31, 2025, driven by its acquisition of Cineplex Digital Media. Q4 sales reached $23.9 million versus $11.0 million a year earlier, including about $13.6 million from CDM. Hardware revenue was $6.6 million and services $17.3 million. Gross profit rose to $11.5 million, with gross margin improving to 47.9%. The company generated operating income of about $0.5 million, compared with a prior-year operating loss, while net loss narrowed to $2.0 million. Adjusted EBITDA grew sharply to $5.2 million from $0.5 million, and annualized recurring revenue ended Q4 at roughly $20.1 million. For 2025, sales were $57.2 million versus $50.9 million, but the full-year net loss widened to $8.3 million, reflecting a $5.7 million software impairment and deal-related costs. The CDM acquisition significantly expanded assets and debt, with year-end cash of $1.6 million and total debt of about $44.0 million.
Mink Brook Partners LP reported beneficial ownership of 763,379 shares (7.3%) of Creative Realities, Inc. common stock as of March 31, 2026. The filing is an amendment on Schedule 13G/A that attributes shared voting and dispositive power over those shares to Mink Brook Partners LP, Mink Brook Capital GP LLC, Mink Brook Asset Management LLC, and William Mueller.
The percentage is calculated using 10,518,932 shares outstanding as of 11/12/25 disclosed in the company's Form 10-Q. The filing includes an express disclaimer that shared power does not necessarily establish beneficial ownership for purposes of Section 13(d).
Creative Realities, Inc. notified the SEC that it cannot timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 by the original due date of March 31, 2026 and expects to use the 15-calendar-day extension under Rule 12b-25.
The delay reflects substantial work arising from three fourth-quarter transactions: the acquisition of the CDM Business, a private placement of 30,000 shares of Series A Convertible Preferred Stock, and a refinancing of the company’s credit facilities. Integration efforts and the complexity of those transactions have consumed internal resources, delayed the auditors’ completion of the consolidated financial statement audit, and required additional time to finalize disclosure controls and internal control assessments. The company states the Form 10-K will be filed within the Rule 12b-25 extension period, but warns timing is forward-looking and subject to risks.
Bosco Michael reported acquisition or exercise transactions in this Form 4 filing.
CREATIVE REALITIES, INC. director Michael Bosco reported an award of 2,117 shares of common stock. These shares were granted at no cash cost as compensation for director services provided in 2025 under the company’s Non-employee Director Compensation Plan within the 2023 Stock Incentive Plan. Following this grant, Bosco directly holds 2,117 shares.
ELLIS THOMAS B reported acquisition or exercise transactions in this Form 4 filing.
CREATIVE REALITIES, INC. director and 10% owner Thomas B. Ellis received a grant of 2,117 shares of common stock. The shares were issued at no cash cost per share and represent his total direct holdings after the transaction. The grant was provided as compensation for director services in 2025 under the company’s Non-employee Director Compensation Plan within its 2023 Stock Incentive Plan.
McGrath Daniel Francis reported acquisition or exercise transactions in this Form 4 filing.
CREATIVE REALITIES, INC. director Daniel Francis McGrath was granted 2,117 shares of common stock on January 28, 2026. The award was issued at a price of $0.00 per share for director services provided in 2025 under the company’s 2023 Stock Incentive Plan.
Following this grant, McGrath beneficially owns 2,117 shares of common stock directly. This is a non-cash equity compensation transaction rather than an open-market purchase or sale.
Creative Realities, Inc. entered into a Warrant Repurchase Agreement with Slipstream Communications, LLC, agreeing to buy back a warrant to purchase up to 1,731,499 shares of its common stock for an aggregate price of $200,000 at an exercise price of $6.00 per share. The repurchase closed on February 17, 2026, and the warrant was cancelled, meaning Slipstream no longer holds any rights to purchase Company shares under that instrument. The Company also executed a First Amendment to its Amended and Restated Credit Agreement, under which its lenders consented to the warrant repurchase and agreed that the repurchase payment would not reduce the Company’s “Excess Cash Flow” for purposes of certain prepayment obligations.
Creative Realities, Inc. granted Chief Financial Officer Tamra L. Koshewa options to purchase 100,000 shares of common stock on December 1, 2025. The options have a $2.89 exercise price and expire on December 1, 2035.
The grant vests over three years: 33,333 options on December 1, 2026, 33,333 on December 1, 2027, and 33,334 on December 1, 2028. After this grant, Koshewa beneficially owns 100,000 stock options directly.
Creative Realities, Inc. Chief Financial Officer reports no share ownership. Tamra L. Koshewa, the company’s CFO, filed an initial insider ownership report stating that no securities of Creative Realities, Inc. are beneficially owned. The Form 3 also indicates there are no derivative securities such as options or warrants currently reported.
Creative Realities, Inc. insider filing shows a large preferred equity position tied to several North Run entities. North Run Strategic Opportunities Fund I, LP directly holds 25,000 shares of Series A Convertible Preferred Stock and NR-SOF I (Co-Invest I), LP holds 5,000 shares, for a total of 30,000 preferred shares with a stated value of $1,000 each and a conversion price at issuance of $3.00 per share of common stock. These securities may be deemed indirectly beneficially owned by North Run Strategic Opportunities Fund I GP, LLC as general partner, and by Thomas B. Ellis and Todd B. Hammer as members of that GP, although each party disclaims beneficial ownership beyond its pecuniary interest. The preferred stock is convertible at any time, with no expiration date, but is subject to blocker provisions that limit conversion if ownership would exceed 19.99% of the common stock or if total common shares issued upon conversion would exceed 2,102,734.