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NU RIDE INC 10-Q Filings

NRDE OTC

Every 10-Q that NU RIDE INC (NRDE) 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 NRDE 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 NRDE filings page.

Rhea-AI Summary

Stark Novus Financial Inc. (NRDE) reported a small, asset-light balance sheet for the quarter ended June 30, 2026, with $43.8 million in total assets, including $21.5 million of cash and cash equivalents and $11.6 million in loans receivable. Restricted short‑term investments tied to the bankruptcy Claims Reserve were $2.6 million after settling most creditor claims.

The quarter showed a net loss of $1.1 million and a net loss attributable to common shareholders of $1.8 million, driven in part by $0.8 million of accrued preferred dividends. Common stockholders’ equity declined to $0.4 million, while Series A preferred stock is carried as mezzanine equity at $39.9 million. Operating cash outflows were $3.5 million for the first half of 2026, and the company deployed $9.4 million into high‑yield billboard‑backed loans.

After quarter‑end, Stark Novus completed the acquisition of Affinity Advisory Network for $6.72 million in cash, 80,000 common shares, 15% of AAH equity, and an earnout of up to $1.31 million, adding an insurance and advisory platform. Management states it expects to have sufficient working capital for at least one year while it continues claims resolution, evaluates strategic alternatives, and pursues retained litigation and loan investments.

Rhea-AI Summary

Nu Ride Inc. (NRDE) filed its Q3 2025 report, showing a small quarterly profit driven by lower operating costs and investment income. For the three months ended September 30, 2025, net income was $955 thousand and income from operations was $417 thousand, helped by a $1.642 million net litigation benefit and $560 thousand of investment and interest income. After $738 thousand of accrued preferred dividends, net income attributable to common shareholders was $217 thousand, or $0.01 per share.

For the nine months, net income was $486 thousand; after $2.170 million of preferred dividends, the loss attributable to common shareholders was $1.684 million ($0.10 per share). Liquidity included $18.2 million of cash and cash equivalents, $6.9 million of short‑term investments, and $22.7 million of restricted short‑term investments tied to claims reserves. Total assets were $48.6 million; liabilities were $6.2 million, including $5.246 million of liabilities subject to compromise. Stockholders’ equity was $4.8 million, and mezzanine equity (Series A preferred) was $37.6 million. Management believes working capital is sufficient for at least one year, with restricted funds used for claim settlements.

As of November 13, 2025, 16,096,296 Class A shares were outstanding. Certain legacy warrants expired in 2025; preferred dividends continue to accrue at 8%.