Every 10-Q that VPR BRANDS LP (VPRB) 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 VPRB 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 VPRB filings page.
VPR Brands, LP reported net income of $1,587,115 for the six months ended June 30, 2026, versus a loss a year earlier, driven primarily by $3,000,990 in net settlement income related to enforcement of its patent portfolio. Core operations remained weak: six‑month revenue fell to $1,283,841 from $1,962,865, with product sales down 31% and royalty revenue eliminated after termination of the ELF license. Gross margin declined to about 23%, and the company recorded a net operating loss of $797,008.
Liquidity improved markedly. Cash increased to $2,135,574 and working capital turned positive at $1,153,294, helped by settlement proceeds; total assets rose to $3,330,958. Management concluded prior substantial doubt about continuing as a going concern has been alleviated. Subsequent to quarter‑end, VPR Brands entered major patent license settlements with R.J. Reynolds Vapor Company for $14.9 million and JUUL Labs, Inc. for $11.0 million, and bought out remaining Dissim royalties for $135,000, further enhancing expected liquidity.
VPR Brands, LP reported a sharp turnaround in Q1 2026, as net income reached $1,940,561, compared with a loss a year earlier. Results were driven by $3,092,255 of net settlement income tied to patent and trademark disputes, while total revenue fell to $580,071 from product sales and no royalty revenue. Operating expenses rose to $603,041, but cash increased to $2,686,947, and total assets grew to $4,067,822. Management concluded prior substantial doubt about going concern has been alleviated. After quarter-end, the company also expanded authorization and simplified terms of its Class A preferred units and disclosed new patent litigation over its auto-draw technology.
VPR Brands, LP filed its quarterly report, showing softer sales and a deeper loss while warning of substantial doubt about its ability to continue as a going concern.
Q3 2025 revenue was $807,062 with a net loss of $449,752. For the nine months, total revenue was $2,769,927 and net loss reached $1,061,615. Gross margin improved to 33% in Q3 and 31% year to date, reflecting a more favorable product mix.
Cash was $540,650 as of September 30, 2025, with cash used in operations of $729,536 year to date. Total liabilities were $2,223,079 and partners’ capital showed a deficit of $343,338. The company fully repaid its convertible notes in January 2025, reducing interest expense, but settlement income fell to $34,297 year to date from $1,502,854 a year earlier, and royalty revenue also declined. Four customers accounted for 36% of nine‑month revenue, highlighting concentration risk.
Management states “substantial doubt” about continuing as a going concern and indicates potential needs for additional financing or cost actions if operating cash flows do not improve.