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ProPhase Labs (NASDAQ: PRPH) delays Q1 2026 10-Q amid 2025 audit

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

Rhea-AI Filing Summary

ProPhase Labs, Inc. notified the SEC it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 because completion of its year-end financial reporting and the Annual Report on Form 10-K (audit for the year ended December 31, 2025) remains in process. The company states it is working with its independent auditors and will file the Form 10-Q following completion of the 2025 audit. The notice was signed by Ted Karkus on May 15, 2026. The filing confirms the Annual Report on Form 10-K for the year ended December 31, 2025 has not been filed.

Positive

  • None.

Negative

  • None.

Insights

Delay tied to year-end audit completion and related disclosures.

The company cites the unfinished audit for the year ended December 31, 2025 as the primary reason it cannot timely file its Form 10-Q for the quarter ended March 31, 2026. The notice follows Rule 12b-25 procedures and is signed by the CEO.

Timing depends on the auditors completing procedures; subsequent filings will state final figures and any required explanatory disclosures. Subsequent periodic filings will disclose the audited 2025 numbers once the audit is complete.

Quarter end March 31, 2026 Quarter ended for the delayed Form 10-Q
Fiscal year end under audit December 31, 2025 Year-end audit delaying the 10-Q and 10-K
Notification date May 15, 2026 Date the Form 12b-25 was signed by CEO Ted Karkus
Rule 12b-25 regulatory
"ProPhase Labs, Inc. is unable, without unreasonable effort or expense, to timely file its Quarterly Report"
Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.
Form 10-Q regulatory
"Quarterly Report on Form 10-Q for the Quarter 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.
Form 10-K regulatory
"Annual Report on Form 10-K when the Audit for the year ended December 31, 2025 is completed"
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

 

 

 

SEC FILE NUMBER 000-21617

CUSIP NUMBER 74345W108

 

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: ___________________

 

 

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

 

 

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

 

PROPHASE LABS, INC.

 

Full Name of Registrant

 

 

Former Name if Applicable

 

626 RXR Plaza, 6th Floor

 

Address of Principal Executive Office (Street and Number)

 

Uniondale, New York 11556

 

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-CEN 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-CEN, N-CSR, or the transition report portion thereof, could not be filed within the prescribed time period.

 

ProPhase Labs, Inc. (the “Company”) is unable, without unreasonable effort or expense, to timely file its Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2026.

 

The delay in filing is primarily due to the additional time required to complete the Company’s year-end financial reporting process and its Annual Report on Form 10-K, including the completion of the ongoing audit procedures performed by the Company’s independent registered public accounting firm.

 

The Company is working diligently with its auditors to finalize the financial statements and related disclosures and will be filed following the Annual Report on Form 10-K when the Audit for the year ended December 31, 2025 is completed.

 

PART IV — OTHER INFORMATION

 

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

 

Ted Karkus, Chief Executive Officer   (516)   989-0763
(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 the answer is no, identify report(s). Yes ☐ No ☒

Annual Report on Form 10-K for the Year Ended December 31, 2025 has not been filed.

 

(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.

 

2

 

 

PROPHASE LABS, INC.

(Name of Registrant as Specified in Charter)

 

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

 

Date: May 15, 2026 By: /s/ Ted Karkus
    Ted Karkus, Chairman of the Board and Chief Executive Officer

 

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

3

 

FAQ

Why did ProPhase Labs (PRPH) miss the Form 10-Q deadline?

The company cites completion of its year-end audit. ProPhase Labs states additional time is required to finish the audit for the year ended December 31, 2025 and finalize its Annual Report on Form 10-K, delaying the Form 10-Q for the quarter ended March 31, 2026.

Has ProPhase Labs (PRPH) filed its 2025 Form 10-K?

No; the 2025 Form 10-K has not been filed. The notification explicitly states the Annual Report on Form 10-K for the year ended December 31, 2025 remains unfiled and is the basis for the 10-Q delay.

When did ProPhase Labs (PRPH) submit the late-filing notification?

The notification was signed on May 15, 2026. The Form 12b-25 filing is dated May 15, 2026 and lists Ted Karkus, Chairman and CEO, as the company contact for the notification.

Will the Form 10-Q for March 31, 2026 be filed?

The company states it will file the 10-Q after the 2025 audit is complete. The notice says the Form 10-Q will be filed following completion of the Annual Report on Form 10-K tied to the audit for the year ended December 31, 2025.

Who can be contacted about the late filing for ProPhase Labs (PRPH)?

Contact is Ted Karkus, CEO, at (516) 989-0763. The notification lists Ted Karkus and the telephone number provided for inquiries regarding the late filing.