Every 10-Q that PORTSMOUTH SQUARE INC (PRSI) 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 PRSI 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 PRSI filings page.
Portsmouth Square, Inc. reported stronger hotel performance for the quarter ended March 31, 2026, turning to net income of $571,000 from a net loss of $712,000 a year earlier. Quarterly hotel revenue rose to $16.5 million from $12.2 million, driven by higher room rates, occupancy and 14 renovated rooms returned to inventory.
For the nine months, hotel revenue increased to $41.6 million from $34.0 million, while the net loss narrowed to $4.3 million from $6.6 million. Average daily rate and occupancy improved, boosting RevPAR. Operating cash flow was $1.9 million, and the company held $11.8 million in cash, cash equivalents and restricted cash.
The balance sheet remains highly leveraged, with total liabilities of $175.0 million, including a $102.3 million mortgage and $38.1 million related-party note, against a shareholders’ deficit of $128.4 million. Management reaffirmed its going concern assessment, citing refinancing completed in March 2025 and access to a $40 million InterGroup credit facility.
Portsmouth Square, Inc. reported a smaller loss for the quarter ended December 31, 2025 as its San Francisco Hilton hotel continued to recover. Quarterly hotel revenue rose to $12.7M from $10.0M, while net loss narrowed to $2.3M from $4.0M, helped by higher room rates, occupancy, and 14 renovated rooms returned to inventory.
For the six months, hotel revenue increased to $25.1M from $21.8M and net loss improved to $4.9M from $5.9M. Cash, cash equivalents and restricted cash totaled $8.7M, with net cash used in operations of $1.6M and capital expenditures of $1.4M. The balance sheet remains highly leveraged, with total liabilities of $172.6M versus assets of $43.6M and a shareholders’ deficit of $129.0M, including a $67.0M variable-rate mortgage, a $36.3M mezzanine loan, and a $38.1M related-party credit facility bearing 9% interest. Management sees no substantial doubt about going concern after the March 2025 refinancing but highlights ongoing risks tied to the San Francisco hospitality market.
Portsmouth Square (PRSI) reported a wider quarterly loss while modestly growing hotel revenue. For the three months ended September 30, 2025, total hotel revenue was $12,418,000, up 5.1% from $11,820,000 a year ago. Net loss was $2,585,000 versus $1,872,000, reflecting higher expenses and increased related-party interest. Basic and diluted loss per share was $3.52 on 734,187 shares.
Hotel operating income before interest, depreciation and amortization was $1,937,000, down from $3,028,000. Rate and demand indicators were steady: average daily rate was $218 (from $210), occupancy was 95% (from 96%), and RevPAR rose to $207 (from $202).
Liquidity remained adequate but tighter. Cash and cash equivalents were $4,337,000, restricted cash was $5,794,000, and marketable securities were $151,000. Operating cash used was $617,000, and capital expenditures totaled $974,000, including renovating 14 rooms returned to inventory. Debt service weighed on results, with mortgage interest expense of $2,493,000 and related-party interest of $872,000. Mortgage notes payable, net, were $101,766,000 and related-party notes payable were $38,108,000; accounts payable to related party were $17,788,000.
Management reaffirmed its going‑concern view as stable following the March 28, 2025 refinancing of a $67,000,000 senior mortgage (Term SOFR + 4.75%, interest-only) and a $36,300,000 mezzanine loan at 7.25%.