Welcome to our dedicated page for CREDITRISKMONITOR COM SEC filings (Ticker: CRMZ), 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.
CreditRiskMonitor.com, Inc. filings document material-event reporting for a Nevada corporation that operates a SaaS commercial credit and supply-chain risk analytics business. Recent Form 8-K and 8-K/A reports cover executive officer appointments and departures, compensatory arrangements, separation agreement exhibits, and press releases furnished under Item 8.01 and Item 9.01.
The company’s regulatory record centers on governance changes, officer roles, exhibit filings, and Exchange Act reporting details, alongside corporate identifiers such as its state of incorporation and commission file number.
CREDITRISKMONITOR.COM, INC. (CRMZ) reported modest revenue growth but a swing to losses and disclosed a material restatement and control weakness. For the quarter ended June 30, 2026, operating revenues were $5.17 million, up about 2% from 2025, yet the company posted a net loss of $474,789 versus net income of $135,441 a year earlier, driven by higher data, technology and professional-fee costs and tax-related charges. For the first half of 2026, revenue was $10.15 million and net loss was $527,112.
As of June 30, 2026, CRMZ held $9.34 million in cash and cash equivalents and $9.47 million in U.S. Treasury securities, with no debt and stockholders’ equity of $10.40 million, supporting solid liquidity metrics. The company restated prior 2024–2025 quarterly and annual financial statements after a nexus study showed previously unrecorded state and local sales and income tax liabilities, increasing accrued expenses and accumulated deficit. Management and the audit committee concluded earlier financials for the affected periods should no longer be relied upon.
CRMZ identified a material weakness in internal control over financial reporting related to identifying and monitoring state and local tax nexus. It is pursuing Voluntary Disclosure Agreements with affected states and has engaged an automated sales tax provider as part of its remediation plan. Operations remain focused on SaaS subscription products for credit and supply chain risk managers, with management emphasizing continued investment in product development and marketing while acknowledging macroeconomic and technology-related uncertainties.
CREDITRISKMONITOR.COM, INC. (CRMZ) filed an amended quarterly report to restate prior financial statements after a nexus study found previously unrecorded state and local sales/use and income tax obligations. The restatement increases accrued expenses and tax-related liabilities and was deemed material to earlier periods.
For the three months ended March 31, 2026, operating revenues were $4,986,878, up about 2% from 2025, while the company reported a net loss of $52,323 versus a $7,809 loss a year earlier. Total assets were $25.2 million, including $5.7 million in cash and cash equivalents and $12.7 million in U.S. Treasury held-to-maturity securities, with no debt.
The restatement increased accrued expenses at March 31, 2026 by $2,017,886 and reduced stockholders’ equity by $1,603,531, raising the accumulated deficit to $19,599,497. Management and the audit committee identified a material weakness in internal controls related to identifying and monitoring state and local tax nexus and are pursuing Voluntary Disclosure Agreements and automated sales tax solutions as remediation.
CreditRiskMonitor.com, Inc. (CRMZ) filed an amended annual report to restate its 2024 and 2025 financial statements after identifying unrecorded state and local sales and income tax liabilities through a nexus study with an external tax advisor. The restatement increased accrued expenses and reduced previously reported net income for both years, and management and the audit committee concluded prior financials for several quarters and years should no longer be relied upon. A material weakness was identified in internal control over financial reporting related to monitoring state and local tax nexus, and the company has engaged automated tax-compliance and sales-tax solutions to address this. In 2025 CRMZ generated $20.1 million of operating revenue (up about 2%), remained profitable with $0.5 million in net income, and ended the year with $6.2 million in cash and $12.6 million in U.S. Treasury securities and no debt, supported by largely upfront, recurring SaaS subscription revenues and diversified customers. The company also enhanced cybersecurity governance and completed a SOC2 Type I report covering security, availability, and confidentiality.
CreditRiskMonitor.com, Inc. (CRMZ) filed an amended quarterly report restating its financial statements for the three and nine months ended September 30, 2025 and 2024 due to previously unrecorded state and local sales and income tax liabilities identified after a nexus study. The restatement increased accrued expenses and reduced accumulated deficit and stockholders’ equity, lowering nine‑month 2025 net income by $380,556 and nine‑month 2024 net income by $477,363. For the quarter ended September 30, 2025, operating revenues were $5.1 million and net income was $125,269, compared with $5.0 million and $387,149 a year earlier. For the nine months, operating revenues were $15.0 million and net income was $252,901, down from $330,812 in 2024. As of September 30, 2025, the company held $6.9 million in cash and cash equivalents and $12.6 million in U.S. Treasury held‑to‑maturity securities, with no debt and stockholders’ equity of $10.6 million. Management and the audit committee identified a material weakness in internal control over financial reporting related to monitoring state and local tax nexus and are pursuing Voluntary Disclosure Agreements and an automated sales tax solution as remediation.
CreditRiskMonitor.com, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on August 12, 2026. Stockholders voted on electing four directors for one-year terms and on ratifying the appointment of the company’s independent auditor for the fiscal year ending December 31, 2026.
All four director nominees were elected. Votes "for" ranged from 6,518,393 to 6,763,401, with no votes "against" and between 27,299 and 272,307 votes withheld, plus 981,706 broker non-votes for each nominee. Stockholders also approved the ratification of CohnReznick LLP as independent registered public accounting firm, with 7,751,920 votes for, 14,945 against, and 5,541 abstentions.
CreditRiskMonitor.com, Inc. announced it will not file its Form 10-Q for the quarter ended June 30, 2026 by the standard August 14, 2026 deadline because it is restating prior financial statements related to sales and use tax and income tax liabilities.
The Audit Committee previously concluded that unaudited quarterly statements for several 2024–2026 periods and audited statements for the years ended December 31, 2024 and 2025 should no longer be relied upon and must be restated. Management identified a material weakness in internal control over financial reporting and disclosure controls related to monitoring state and local tax nexus. The company is pursuing Voluntary Disclosure Agreements with affected states and is preparing restated financials and related disclosures but cannot assure it will file the Form 10-Q within the additional time permitted under Rule 12b-25.
CreditRiskMonitor.com, Inc. determined, after a nexus study with an external tax advisor, that it has economic and physical tax nexus in additional state and local jurisdictions where it had not been collecting or remitting sales and use tax or filing income taxes. The audit committee concluded that unaudited quarterly financial statements for periods ended June 30, 2025, September 30, 2025 and 2024, and March 31, 2026 and 2025, as well as audited statements for the years ended December 31, 2025 and 2024, should no longer be relied upon.
The company plans to restate these periods and currently expects to record a preliminary sales tax liability of approximately $1,767 thousand and an income tax liability of approximately $210 thousand, including interest. The adjustments are expected to affect accrued and income tax liabilities, retained earnings, selling, general and administrative expenses, interest expense and income tax expense. Management identified a material weakness in internal control over financial reporting and disclosure controls related to monitoring state and local tax nexus and has developed a remediation plan, with further conclusions to be described in the 2026 Form 10-K.
CreditRiskMonitor.com, Inc. will hold its annual stockholder meeting on August 12, 2026 in Tarrytown, NY, asking investors to elect four directors and ratify CohnReznick LLP as independent auditor for 2026. Only holders of the 10,767,501 common shares outstanding as of June 15, 2026 may vote.
The proxy details executive and director pay, equity incentives and ownership. In 2025, CEO Michael I. Flum’s total compensation was $284,679 and company net income was $1,017,931, down from 2024. Flum-related entities and affiliates control over half of the stock, and equity plans cover up to 1,000,000 shares under the current program.
CreditRiskMonitor.com, Inc. reported a modestly profitable first quarter of 2026. Operating revenues were about $5.0 million, up roughly 2% from the prior year period, driven by higher SaaS subscription sales and price increases. Net income was $58,312 versus $159,062 a year earlier, with earnings per share steady at $0.01 basic and diluted.
Cash and cash equivalents totaled $5.7 million and held-to-maturity U.S. Treasury securities were about $12.7 million as of March 31, 2026. The company generated negative operating cash flow of $452,056 in the quarter but reported working capital of roughly $9.6 million, a current ratio of 1.79, and no debt. Deferred “unexpired subscription revenue” of about $10.8 million represents recurring SaaS revenue to be recognized over future periods. Management believes existing cash and operating cash flows will cover anticipated needs for at least the next 12 months.
CreditRiskMonitor.com, Inc. amends a prior report to describe a finalized Separation Agreement with former Chief Accounting Officer David Reiner, whose employment ended on February 27, 2026.
The agreement, dated March 19, 2026 and effective March 27, 2026, provides Mr. Reiner with $120,000 in severance, paid in three installments of $40,000, in exchange for a general release of claims.