Every 10-Q that RUBBER LEAF INC (RLEA) 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 RLEA 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 RLEA filings page.
Rubber Leaf Inc. reported a sharp turnaround as it resumed operations through Hong Kong subsidiary RLHK. For the six months ended June 30, 2026, revenue from related parties was $6,038,954, versus no revenue a year earlier, generating gross profit of $223,180 and net income of $183,440 compared with a net loss of $686,971 in 2025. All sales were to a single related customer and all purchases from a single related vendor.
Second-quarter 2026 revenue was $2,774,030 with a gross loss of $62,165 and net loss of $60,622, as raw-material costs rose faster than selling prices. Liquidity remains constrained with cash of $1,361 and a working capital deficit of $2,294,310, largely due to related-party payables, partly offset by a $2,828,938 long-term receivable from the sale of the former PRC subsidiary. Management discloses material weaknesses in internal control over financial reporting, including insufficient U.S. GAAP expertise and inadequate segregation of duties.
Rubber Leaf Inc. reported a return to profitability for the three months ended March 31, 2026. The company generated sales-related party revenue of $3,264,924, all from its indirect supply model, after posting no revenue in the same period of 2025.
Cost of sales was $2,979,579, yielding gross profit of $285,345. Net income from continuing operations reached $244,062, compared with a net loss of $345,336 a year earlier, and basic and diluted earnings per share were $0.01.
As of March 31, 2026, the company held cash of $3,221 and had a working capital deficit of $2,276,727, reflecting heavy use of related-party financing and large related-party receivables and payables. Management also disclosed continuing material weaknesses in internal control over financial reporting.
Rubber Leaf Inc, a Nevada holding company for PRC-based auto sealing supplier RLSP, reported weak results for the nine months ended September 30, 2025. Revenue was $1,144,263, down sharply from $6,916,046 a year earlier, driven entirely by related-party Customer B. The company generated a gross loss of $446,029 and a net loss of $928,554, though this net loss improved from $1,773,183 in 2024.
Total assets were $22,867,186 and total liabilities $26,290,343, leaving a stockholders’ deficit of $3,423,157 as of September 30, 2025. Working capital was negative $14,949,307, cash stood at only $12,798, and operating cash outflow was $126,002 for the period. The company discloses substantial doubt about its ability to continue as a going concern.
Customer and vendor concentration is extreme: Customer B accounted for 100% of revenue and about 99% of accounts receivable, while major vendors A and C are related parties. Rubber Leaf also faces multiple PRC legal proceedings, including a December 2024 judgment requiring RLSP to pay approximately $6.96 million plus late-payment interest on a factory construction dispute, and lawsuits over unpaid materials and customer prepayments. As of November 19, 2025, 41,109,458 common shares were outstanding.