Here are the 10-K annual reports from First Choice Hlthcre Inc (FCHS) 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-K covers the audited annual report, with the full financial statements, so if you follow FCHS 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 FCHS filings page.
First Choice Healthcare Solutions, Inc. reports a challenging year while pursuing a major strategic pivot. For 2025 it recorded a net loss of approximately $7.1 million and operating cash outflows of about $0.55 million, bringing its accumulated deficit to roughly $74.7 million and total debt to $27.2 million.
The company emerged from Chapter 11 in 2022 and is shifting away from legacy orthopedic and physical therapy services toward a national network of functional health and wellness clinics centered on primary care, anti-aging, weight management, hormone therapy and a compounding pharmacy platform. Management plans multiple acquisitions, including primary-care clinics and compounding pharmacies, and aims to leverage nurse practitioners and centralized back-office systems to improve margins.
Auditors highlight substantial doubt about the company’s ability to continue as a going concern, citing continued losses, high indebtedness and the need for additional capital to execute the growth strategy. Success depends on closing planned acquisitions, scaling new clinics, managing significant regulatory and operational risks in compounding pharmacy and healthcare compliance, and rebuilding relationships after prior litigation and bankruptcy.