Every 10-Q that TRACK GROUP INC (TRCK) 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 TRCK 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 TRCK filings page.
Track Group, Inc. reported nine‑month 2026 revenue of $27.1 million, slightly above $26.1 million a year earlier, with monitoring and other related services contributing $25.6 million. Gross profit was $13.0 million, modestly below $13.1 million as cost of revenue rose faster than sales.
The company generated net income of $22.2 million versus a $1.1 million loss in the prior‑year period, driven primarily by a $23.5 million gain on troubled debt restructuring related to the payoff of legacy Conrent debt. Operating income from the core business was $1.45 million, up from $0.92 million, while net interest expense increased to $2.0 million.
As part of an April 30, 2026 recapitalization, Track Group raised about $10.3 million in a private placement of 29.5 million shares and 750,000 warrants and entered into a new $21.0 million term loan under a $24.0 million credit facility. Proceeds and cash flows were used to settle $42.9 million of unsecured Conrent debt for $23.5 million, creating the restructuring gain. Cash increased to $8.4 million; stockholders’ equity swung from a $(11.5) million deficit to $16.4 million. Management states it expects to fund operations for the next twelve months using cash on hand and operating cash flows.
Track Group, Inc. reported higher revenue but a small net loss for the quarter and six months ended March 31, 2026, while executing a major balance sheet restructuring after quarter-end.
Revenue for the quarter rose about 7% to $8.9 million, driven mainly by more monitored individuals in Florida and Illinois, with product sales helped by international demand. Six‑month revenue reached $18.1 million. Gross profit improved in dollars, but gross margin slipped to roughly the high‑40% range as device repair, server and alcohol monitoring costs increased.
Operating income strengthened to $0.4 million for the quarter and $1.2 million year‑to‑date, but a large currency exchange loss and interest expense led to a quarterly net loss of $0.7 million and a six‑month net loss of $0.2 million. The company remains in a stockholders’ deficit position, with an accumulated deficit of about $315.3 million and negative equity of about $12.2 million as of March 31, 2026.
Subsequent events significantly reshaped capital structure. On April 30, 2026, Track Group raised approximately $10.3 million in a private placement of 29,471,429 common shares at $0.35 per share plus 750,000 warrants, and entered into a new $24.0 million credit facility including a $21.0 million term loan maturing in 2031 at an overall 13.5% interest rate (partly paid‑in‑kind). Warrant coverage for lenders totals 1,079,108 shares at a nominal exercise price. The company simultaneously agreed to pay $23.52 million to settle and terminate its prior $42.864 million unsecured facility with Conrent, eliminating that obligation and related covenants. Authorized common shares were also doubled from 30 million to 60 million on April 30, 2026, supporting these financings.
Track Group, Inc. reported a return to profitability for the quarter ended December 31, 2025. Revenue rose to $9,117,208, up about 5% from a year earlier, driven mainly by higher monitoring services in Florida and Illinois and stronger international product sales.
Gross margin slipped to roughly 47% as cost of revenue grew faster than sales. Operating income improved to $787,153 from $128,608, and net income reached $514,659 versus a prior loss of $2,010,849, helped by favorable currency movements and a $630,472 gain on dissolving a subsidiary. Cash was $3,558,464 with working capital of $2,160,201, while total assets were $39,670,804 and equity remained negative at $(11,866,559). The company carries long-term debt of $42,741,380 owed to Conrent, with $3,377,921 of accrued interest whose payment has been extended until further notice.