Firy (NASDAQ: FIRY) delays Q2 report, taps brief SEC extension
Rhea-AI Filing Summary
Firy Inc. notified regulators that it will file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 late and is using the five calendar day extension available under Rule 12b-25. The company states it needs additional time to complete procedures related to its quarterly reporting process and to finalize unaudited financial statements. It reports dedicating significant resources to complete the filing as soon as practicable and notes that it furnished a press release with preliminary Q2 2026 results on August 13, 2026, which remain subject to change pending completion of the Form 10-Q.
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Insights
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Key Figures
Extension period: five calendar days
Quarter end date: June 30, 2026
Preliminary results press release date: August 13, 2026
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4 metrics
Extension period
five calendar days
Extension period available under Rule 12b-25 for the late Form 10-Q
Quarter end date
June 30, 2026
Quarter ended for the subject Form 10-Q filing
Preliminary results press release date
August 13, 2026
Date FIRY furnished preliminary Q2 2026 financial results on Form 8-K
Form 12b-25 signature date
August 17, 2026
Date the notification of late filing was signed by the Chief Accounting Officer
Key Terms
Rule 12b-25, Quarterly Report on Form 10-Q, forward-looking statements, unaudited financial statements
4 terms
Rule 12b-25 regulatory
"The Company is filing for the five calendar day extension period available 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.
Quarterly Report on Form 10-Q regulatory
"file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026"
A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.
forward-looking statements regulatory
"This Form 12b-25 contains forward-looking statements that involve risks and uncertainties"
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.
unaudited financial statements financial
"continuing to finalize its unaudited financial statements for the quarter ended June 30, 2026"
Unaudited financial statements are company-prepared reports of financial activity—such as income, expenses, assets and liabilities—that have not been examined or certified by an independent auditor. They offer a quicker, internal snapshot of performance, like a homeowner’s informal monthly budget compared with a bank-verified tax return. Investors use them to track recent trends and short-term results, but they carry less external verification than audited statements.
FAQ
Why did FIRY file a Form 12b-25 for its June 30, 2026 quarter?
FIRY filed Form 12b-25 because it cannot file its 2026 Q2 Form 10-Q within the prescribed time without unreasonable effort or expense. The company says it needs more time to complete procedures related to its quarterly reporting process and finalize unaudited financial statements.
What extension period is FIRY using for the late 2026 Q2 Form 10-Q?
FIRY is using the five calendar day extension period available under Rule 12b-25 for a late Form 10-Q. This extension allows the company a short additional window beyond the original due date to complete and file its quarterly report.
Has FIRY provided any preliminary financial information for Q2 2026?
Yes. FIRY states it furnished a press release with preliminary financial results for the quarter ended June 30, 2026 on August 13, 2026, attached as Exhibit 99.1 to a Form 8-K. These preliminary results are subject to change when the Form 10-Q is finalized.
What are the main reasons FIRY cites for the Form 10-Q delay?
FIRY explains it requires additional time to complete procedures associated with its quarterly reporting process and to finalize its unaudited financial statements. It notes that these tasks could not be completed in time without unreasonable effort or expense.
Does FIRY indicate when it expects to file the 2026 Q2 Form 10-Q?
FIRY indicates it expects to file within the five calendar day extension allowed under Rule 12b-25. The company adds it is dedicating significant resources and working diligently to complete the report as soon as practicable, but final results may differ from preliminary figures.
AI-generated analysis. How Rhea-AI works. Not financial advice.