Here are the 10-K annual reports from HG Holdings Inc (STLY) 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-K covers the audited annual report, with the full financial statements, so if you follow STLY 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 STLY filings page.
HG Holdings, Inc. operates mainly through its Florida-focused title insurer NCTIC and related title agencies, plus a corporate segment providing management services and holding a 28.0% voting stake in HC Government Realty Trust.
Effective January 1, 2025, the company simplified reporting into two segments: Title Insurance and Corporate and Other, with prior periods recast. Title revenues depend heavily on cyclical real estate and mortgage markets, especially in Florida where rates are state-promulgated. In 2025, total revenue rose to $14.7 million from $11.5 million, driven by higher affiliated title volume and management fees.
The Corporate and Other segment is anchored by related-party advisory contracts, including a three-year Master Services Agreement with HP Risk Solutions at $6 million per year, and other expiring mandates with HPMA and an affiliated intermediary. Two related-party customers represented 23.8% and 11.3% of 2025 consolidated revenue, creating notable concentration risk. HG Holdings also highlights extensive risk factors around economic conditions, title-claim reserving, cybersecurity, potential regulation as an investment company, and reliance on HC Realty’s U.S. government–backed lease portfolio. The company recorded a small loss before income taxes and actively repurchased shares, buying 606,055 shares in 2025, leaving 5,107,035 common shares outstanding as of March 24, 2026.