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Innovative Food Holdings (IVFH) delays Q1 10-Q; discloses $2.1M sale gain

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

Innovative Food Holdings, Inc. notified the SEC it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 and expects to use the five-calendar-day extension under Rule 12b-25(b).

The company says the delay is principally to finalize financial statements and complete the review process. It also discloses a significant year-over-year swing driven by discontinued operations: an approximately $2.1 million gain on the sale of its Pennsylvania facility and expected $1.5 million income from discontinued operations for Q1 2026 versus a $0.7 million loss in Q1 2025, producing anticipated consolidated net income of approximately $1.8 million for the quarter versus a consolidated net loss of approximately $0.4 million for the prior-year quarter. These amounts are preliminary and subject to completion of quarterly review and finalization of the Form 10-Q.

Positive

  • None.

Negative

  • None.

Insights

Delay cites finalization of financials; discontinued-operations gain drove a quarter swing.

The company attributes the filing delay to the need for additional time to finalize its financial statements and complete review procedures before filing the Q1 Form 10-Q. It expects to file within the five-calendar-day extension under Rule 12b-25(b).

The excerpt discloses an approximately $2.1 million gain from the sale of a Pennsylvania facility and preliminary $1.5 million income from discontinued operations for Q1 2026, versus a $0.7 million loss in Q1 2025. Timing for final figures is tied to completion of the Company’s review procedures.

Gain on sale of facility $2.1 million gain recognized in quarter ended March 31, 2026
Income from discontinued operations (Q1 2026) $1.5 million quarter ended March 31, 2026 (preliminary)
Income/(loss) from discontinued operations (Q1 2025) $0.7 million loss quarter ended March 31, 2025
Consolidated net income (Q1 2026, preliminary) $1.8 million quarter ended March 31, 2026
Consolidated net loss (Q1 2025) $0.4 million loss quarter ended March 31, 2025
Rule 12b-25(b) regulatory
"expects to file the Q1 Form 10-Q within the five-calendar-day extension permitted under Rule 12b-25(b)"
discontinued operations financial
"income from discontinued operations of approximately $1.5 million for the quarter ended March 31, 2026"
Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.
Form 10-Q regulatory
"unable to file its Quarterly Report on Form 10-Q for the three months ended March 31, 2026"
A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 12b-25

 

 

 

NOTIFICATION OF LATE FILING

 

(Check One): Form 10-K Form 20-F Form 11-K Form 10-Q Form 10-D Form N-CEN Form N-CSR

 

For Period Ended: March 31, 2026

 

  Transition Report on Form 10-K

 

  Transition Report on Form 20-F

 

  Transition Report on Form 11-K

 

  Transition Report on Form 10-Q

 

  Transition Report on Form N-SAR

 

For the Transition Period Ended: ______________________________________________________________

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I — REGISTRANT INFORMATION

 

Innovative Food Holdings, Inc.

Full Name of Registrant

 

 

Former Name if Applicable

 

2528 S 27th Ave

Address of Principal Executive Office (Street and Number)

 

Broadview, IL 60155

City, State and Zip Code

 

 

 

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

  (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
  (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

Innovative Food Holdings, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the three months ended March 31, 2026 (the “Q1 Form 10-Q”) within the prescribed time period, without unreasonable effort and expense. The Company’s delay is due principally to the need for additional time to finalize the Company’s financial statements and complete the review process. The Company expects to file the Q1 Form 10-Q within the five-calendar-day extension permitted under Rule 12b-25(b) of the Securities Exchange Act of 1934, as amended.

 

PART IV — OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification

 

Gary Schubert   (239)   596-0204
(Name)   (Area Code)   (Telephone Number)

 

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes No

 

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

Yes No

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

The Company expects its results of operations for the quarter ended March 31, 2026 to differ significantly from the corresponding period in the prior fiscal year. The anticipated change is primarily attributable to income from discontinued operations, including an approximately $2.1 million gain recognized in connection with the sale of the Company’s Pennsylvania facility during the quarter ended March 31, 2026.

 

The Company expects to report income from discontinued operations of approximately $1.5 million for the quarter ended March 31, 2026, compared to a loss from discontinued operations of approximately $0.7 million for the quarter ended March 31, 2025. As a result, the Company expects consolidated net income of approximately $1.8 million for the quarter ended March 31, 2026, compared to a consolidated net loss of approximately $0.4 million for the quarter ended March 31, 2025. Results from continuing operations were not the primary driver of the anticipated year-over-year change.

 

The foregoing amounts are preliminary and remain subject to completion of the Company’s quarterly review procedures and finalization of the Form 10-Q.

 

1

 

 

Innovative Food Holdings, Inc.

(Name of Registrant as Specified in Charter)

 

Has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Innovative Food Holdings, Inc.

 

Date: May 15, 2026 By: /s/ Gary Schubert
    Gary Schubert
    Chief Executive Officer

 

2

 

FAQ

Why did Innovative Food Holdings (IVFH) file a Form 12b-25 for Q1 2026?

The company could not finalize its financial statements and complete review procedures in time. It expects to file the Q1 Form 10-Q using the five-calendar-day extension under Rule 12b-25(b).

What preliminary net income does Innovative Food expect for Q1 2026?

The company expects consolidated net income of approximately $1.8 million for the quarter ended March 31, 2026, compared to a consolidated net loss of approximately $0.4 million for the prior-year quarter.

What is the expected result from discontinued operations for Q1 2026?

Innovative Food expects to report income from discontinued operations of approximately $1.5 million for the quarter ended March 31, 2026, versus a loss of approximately $0.7 million in Q1 2025.

Will the Q1 2026 figures change after the review?

Yes. The filing states these amounts are preliminary and remain subject to completion of the Company’s quarterly review procedures and finalization of the Form 10-Q.