Every 10-Q that KAANAPALI LD LLC (KANP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KANP 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 KANP filings page.
Kaanapali Land, LLC reported sharply improved results for the six months ended June 30, 2026, driven by a major land sale and insurance recoveries. Net income was $12.8 million versus a net loss of $1.5 million a year earlier, with basic and diluted earnings of $6.91 per share. Total revenues rose to $21.0 million, largely from a $19.9 million cash sale of the Pioneer Mill site and resumed agricultural sales.
Operating income also reflected $4.0 million of net gain on property damage and lost profits and $1.4 million of crop insurance proceeds related to prior wildfire and crop events. Cash and cash equivalents increased to $38.0 million, while property, net declined as a result of the land sale. The company recorded a $1.1 million credit loss reserve, fully reserving a receivable from Newport Hospital Corporation tied to an infrastructure agreement and related arbitration, and recognized a $532 write-down of green coffee inventory to net realizable value. Management highlights ongoing risks from wildfire recovery, regulatory dam and water permitting requirements, and the company’s reliance on future land sales to fund long-term Maui development plans.
Kaanapali Land, LLC returned to profitability in early 2026, driven by a major land sale and wildfire insurance recoveries. For the quarter ended March 31, 2026, total revenues rose to $20.4 million from $0.4 million a year earlier, mainly from $19.9 million of real estate sales at the Pioneer Mill site and resumed agricultural sales. Net income was $13.3 million, compared with a $1.2 million loss in 2025, and earnings per share were $7.22 versus a loss of $0.63.
Results also reflect $4.0 million of gains from wildfire-related property damage and lost profits plus $0.5 million in crop insurance proceeds. Operating cash flow improved sharply to $20.9 million from negative $1.7 million, lifting cash and cash equivalents to $37.7 million. The company maintains about 3,880 acres on Maui and continues planning large development projects such as KCF Mauka and Puukolii Village.
Key uncertainties remain, including arbitration with Newport Hospital Corporation over an infrastructure agreement, reliance on land sales for liquidity, the impact and rebuilding needs following the Lahaina wildfire, dam and reservoir compliance requirements, and the need to secure long-term water use permits that are important for future development.
Kaanapali Land, LLC reported a net loss of $2.0 million for the nine months ended September 30, 2025, compared with net income of $0.7 million a year earlier, as prior-year wildfire insurance gains did not repeat. Total revenues were $1.3 million versus $1.4 million in the prior-year period, with modest growth in agriculture and property revenues offset by higher segment losses and a credit loss reserve on a land development receivable.
Cash and cash equivalents were $18.1 million at September 30, 2025, versus $23.1 million at year-end 2024, reflecting operating cash use and investment in property and coffee mill replacement. The Company continues to manage impacts from the Lahaina wildfire, pursue a $20.0 million land sale in Lahaina, and advance long-term development plans for KCF Mauka and Puukolii Village on Maui while relying on land sales and existing cash for liquidity.