Home / Going-concern warnings / PORTSMOUTH SQUARE INC
Filed 2026-02-12 路 Form 10-Q 路 Accession 0001493152-26-006415 nano
Price before filing: $7 (2026-02-11 close, split/dividend-adjusted)
Market cap at flag: $5.1M (2026-02-12) 路 Latest: $4.0M (2026-10-16)
| Window | PRSI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | -3.3% | +3.3% | 2026-03-16 |
| 90 days | -14.3% | +7.6% | -21.9% | 2026-05-13 |
| 180 days | -2.9% | +12.0% | -14.8% | 2026-08-11 |
| 1 year | pending | pending | until 2027-02-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-11-14 to 2026-03-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As disclosed in the Company's Annual Report on Form 10-K for the year ended June 30, 2025, management concluded that the conditions and events that had raised substantial doubt were alleviated as of that date as a result of the Company's March 28, 2025 refinancing of its senior mortgage and mezzanine debt, which resulted in extended maturities, favorable interest terms, and improved covenant compliance."
Quoted from the filing. Source
Going-concern doubt disclosed, then alleviated: the company said conditions raised substantial doubt about its ability to continue as a going concern, but that its plans or new funding resolve that doubt for the next 12 months. A weaker warning than an unresolved going-concern doubt, but the company recently needed a rescue plan or fresh money to stay afloat.
Source: management disclosure in Form 10-Q (period 2025-12-31)
Status: doubt alleviated (the company says its plans or new funding resolve the substantial doubt it disclosed)
Why this score: substantial doubt disclosed, then alleviated by management's plans or new funding; quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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