Here are the 10-K annual reports from First America Res Corp (FSTJ) 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 FSTJ 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 FSTJ filings page.
First America Resources Corporation (FSTJ) reported 2025 revenue of $18.8 million, up from $16.2 million in 2024, driven by growth in electronics recycling, IT asset disposition, and data center and AI infrastructure decommissioning services.
Despite higher gross profit of $10.3 million, operating expenses rose 19.6% to $10.5 million, flipping operating income of $296,269 in 2024 to an operating loss of $186,808 in 2025. Net income fell sharply to $2,765, largely sustained by a one-time $346,000 Employee Retention Credit recorded in other income.
The company ended 2025 with $276,855 in cash, $2.1 million of notes payable, and lease liabilities with a present value of $2.33 million, while carrying an accumulated deficit of $3.21 million and a stockholders’ deficit of $1.59 million. Operations are concentrated in related-party relationships with First America Metal Corp. and First American Management Group Corp., which are major shareholders, lenders, vendor, and customer. Management reports material weaknesses in internal control over financial reporting, including an ineffective control environment and lack of segregation of duties.