Kelso Technologies Inc.'s SEC filings document a Canadian foreign private issuer that reports on Form 6-K while using Form 20-F status. The filings include audited annual consolidated financial statements, unaudited interim financial statements, MD&A and Canadian executive certifications prepared for a transportation equipment company with a rail tank car valve business.
The regulatory record also covers annual meeting and proxy materials, common share voting mechanics, director elections, auditor appointment and auditor-change notices, and material governance events such as leadership transitions. Financial statements disclose Kelso's financial position, operations, equity changes, cash flows and notes for its consolidated business.
Kelso Technologies Inc. reported a Q1 2026 net loss of $430,987, compared with net income of $412,337 in Q1 2025, as revenue declined to $1,749,058 from $3,158,074. Gross profit was $651,733, with a margin of 37% versus 45% a year earlier, reflecting lower tank car equipment volumes on a largely fixed cost base.
Operating expenses rose to $1,079,633, driven partly by higher accounting, legal, consulting and filing fees of $256,577. Adjusted EBITDA showed a loss of $439,138, compared with positive $412,172 in Q1 2025. The loss from discontinued KIQ X operations narrowed to $3,917 from $92,645, indicating the wind-down is largely complete.
Kelso ended March 31, 2026 with total assets of $5,504,516, shareholders’ equity of $4,245,438 and working capital of $2,139,491. Cash was $209,459 and accounts receivable were $860,751, supplemented by $750,000 available on a $1,000,000 line of credit. Subsequent to quarter-end, the Board appointed Jesse Crews as Chief Executive Officer and confirmed that previously disclosed financial guidance and strategic direction remain unchanged.
Kelso Technologies Inc. has called its 2026 annual general meeting for June 4, 2026 at 10:00 a.m. Pacific time in Vancouver, British Columbia. Shareholders will receive the 2025 audited financial statements, vote on re-appointing CBIZ CPAs P.C. as auditor, and elect five directors.
The record date is April 16, 2026, with 55,300,085 common shares issued and outstanding, each carrying one vote. Kelso is using notice-and-access to distribute proxy materials and details extensive proxy-voting procedures for registered and non-registered holders, together with its executive compensation framework and omnibus equity incentive plan.
Kelso Technologies Inc. announced a leadership transition, with Frank Busch resigning as President, Chief Executive Officer and Director effective April 16, 2026. He will remain available as an independent consultant to support a smooth transition.
Jesse Crews, previously Lead Director, has been appointed Chief Executive Officer and will head a new Office of the CEO alongside Chief Operating Officer Amanda Smith and Chief Financial Officer Sameer Uplenchwar. Mark Temen, an independent director and Audit Committee Chair, becomes Lead Director, and former Lead Director Paul Cass rejoins the Board as an independent director. The company states that this leadership change does not alter its previously disclosed financial guidance or strategic direction.
Kelso Technologies Inc. filed its annual report for the year ended December 31, 2025, showing a return to profitability after prior-year losses. Revenue was $10,784,090, slightly above 2024 levels, while net income reached $447,397 compared with a net loss of $4,622,297 in 2024.
Gross profit was $4,432,744, a margin of 41% versus 44% in 2024, as product and customer mix and inventory write-offs modestly compressed margins. Operating expenses including non-cash items fell sharply to $3,989,053 from $9,315,929, reflecting lower consulting, legal and overhead costs.
Adjusted EBITDA improved to a positive $347,723 from a loss of $1,249,326, highlighting stronger underlying operations. Working capital was $2,541,625, including $2,206,770 of inventory, and cash stood at $399,375. The company continues to focus on rail tank car valve products, AAR approvals for new valves, and a leaner cost structure after discontinuing its KXI suspension R&D division.
Kelso Technologies Inc. reported its first profitable fiscal year since 2020. For FY2025, the company generated revenue of $10.78 million and net income of $447,397, or $0.01 per basic/diluted share, with net income of $547,157 excluding discontinued operations. Kelso maintained a solid 41% gross margin, though slightly below the prior year’s 44%, as gross profit slipped to $4.43 million from $4.69 million on a modest 1% revenue increase.
Total expenses fell sharply by 27% to $3.99 million, driving a swing from a large prior-year loss to positive Adjusted EBITDA of $347,723. Working capital improved to $2.54 million, cash rose to $399,375, and the company’s line of credit was doubled to $1,000,000, supporting liquidity. Management warns that tank car deliveries are projected to decline by more than 20% versus 2025, so the strategy for 2026 emphasizes cost discipline, revenue diversification, and launching its new Angle Valve and advancing Association of American Railroads approvals to support future growth.
Kelso Technologies Inc. reports FY2025 net income of $447,397, or $0.01 per share, its first profitable year since 2020. From continuing operations, net income was $547,157, while discontinued operations generated a loss of $99,760.
Revenue from continuing operations was $10.78M, slightly above $10.68M in 2024, with gross profit of $4.43M and a gross margin of 41%. Total expenses fell 27% to $3.99M, down from $5.53M, reflecting significant cost reductions.
Cash increased to $399,375 and inventory was reduced 27% to $2.21M, improving working capital. The company doubled its credit facility to $1.0M and maintained a positive working capital position. Kelso also ceased its KXI development segment, now reported as discontinued operations.
For 2026, management highlights cost discipline, launching a new Angle Valve, and diversifying revenue as tank car deliveries are projected to decline by more than 20% before an expected new build upcycle in 2027/2028.
Kelso Technologies Inc. has scheduled its Annual General Meeting of security holders. The record date for notice and voting is April 16, 2026, meaning shareholders of record on that date will be entitled to receive materials and vote. The meeting is set for June 4, 2026 in Vancouver.
The company will use notice-and-access for both registered and beneficial holders, with proxy-related materials for beneficial owners delivered through intermediaries and costs for objecting beneficial owners covered by the issuer.
Kelso Technologies Inc. submitted a Form 6-K as a foreign private issuer for November 2025. The filing furnishes the company’s Q3 2025 interim reporting package, including interim consolidated financial statements, a management discussion and analysis, and a financial summary news release.
The submission also includes CEO and CFO certification forms related to the Q3 2025 information, signed on behalf of the company by Chief Executive Officer Frank Busch.
Kelso Technologies Inc. (KIQSF) reported a change of auditor. The company filed a Form 6-K for October 2025 that includes a Notice of Change of Auditor and confirmation letters from both the former and successor auditors agreeing with the notice.
The submission lists three exhibits (99.1–99.3) covering the notice and each auditor’s agreement letter. The filing was signed by Chief Executive Officer Frank Busch on October 8, 2025.