Here are the 10-Q quarterly reports from QVC Group Inc 8% PFD (QVCPQ) in our archive since June 2025, 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 QVCPQ 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 QVCPQ filings page.
QVC Group, Inc. reported second‑quarter 2026 revenue of $1.998 billion, down from $2.236 billion a year earlier, and operating income of $51 million versus a prior‑year operating loss driven by large goodwill and tradename impairments. Net loss attributable to shareholders was $40 million for the quarter and $87 million for the first half of 2026.
At June 30, 2026, total assets were $6.987 billion and total liabilities $10.724 billion, resulting in a shareholders’ deficit of $3.819 billion. The company held $1.367 billion of cash and cash equivalents plus $493 million of restricted cash, but used $57 million of cash in operating activities in the first half.
On April 16, 2026 QVC Group and affiliates filed voluntary Chapter 11 petitions and are operating as debtors‑in‑possession. Pre‑petition funded debt and preferred stock totaling $8.005 billion are classified as liabilities subject to compromise. A prepackaged Plan of Reorganization, confirmed on July 20, 2026 but not yet effective, provides that QVC Group common and preferred equity interests will be cancelled with no recovery while trade and other general unsecured claims are expected to be unimpaired. Management states that substantial doubt remains about the company’s ability to continue as a going concern.
QVC Group, Inc. reported first‑quarter 2026 net revenue of $1,957 million, down from $2,105 million a year earlier, and a net loss attributable to shareholders of $47 million versus $100 million in 2025. Adjusted OIBDA declined to $126 million from $177 million, reflecting softer sales and higher selling, general and administrative costs.
The balance sheet remains highly leveraged, with total debt principal of $6,531 million and current liabilities exceeding total assets, driving a stockholders’ equity deficit of $3,235 million. QVC breached the net leverage covenant under its Credit Facility, and on April 16, 2026 the company and affiliates commenced Chapter 11 proceedings with a prepackaged restructuring plan.
The Restructuring Support Agreement covers approximately $2.2 billion of QVC Notes, $1.5 billion of LINTA Notes and $2.9 billion under the Credit Facility, and contemplates issuing about $1.3 billion of takeback debt and 100% of the equity in Reorganized QVC to certain creditors. Nasdaq has determined to delist the common and preferred shares, which the company expects to trade instead on an OTC market. Suspended dividends on the 8.0% Series A Cumulative Redeemable Preferred Stock have accumulated to about $120 million, and the dividend rate has stepped up to 9.5%, reinforcing substantial doubt about the company’s ability to continue as a going concern.