STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX)
Standard Premium Finance Holdings, Inc. is dedicated to the business of financing insurance premiums. The firm extends secured credit to both corporate clients and private individuals, helping them fund the cost of their commercial property and casualty insurance coverage. Its operations span several states, including Florida, Georgia, North Carolina, South Carolina, Tennessee, Texas, and Arizona. The company was founded in 2016 and has its corporate headquarters in Miami, Florida.
Sector: Miscellaneous Business Credit Institution
Industry: Financial - Credit Services
Standard Premium Finance Holdings, Inc.
OTC:SPFXFinancial Services · Financial - Credit Services
-1.91%$3.05
Mkt Cap$8.93M
Float1.05M
O/S2.93M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$12.47M
Net Income$1.21M
Total Assets$74.82M
Free Cash Flow$2.85M
Debt & Equity
Debt 88%
Equity 12%
Preferred 0%
Total Debt$61.85M
Total Equity$8.46M
Preferred Stock$166
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SPFX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$74.82M
Liabilities$66.36M
Accounts Receivable$72.84M
Accounts Payable$0
Inventory$0
PP&E (Net)$280K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $12.47M | $10.69M | $8.57M | $7.18M | $6.66M | $5.59M | $5.47M | $5.9M |
| YoY Growth | 16.6% | 24.7% | 19.4% | 7.8% | 19.2% | 2.2% | -7.2% | - |
| Cost of Revenue | $2.02M | $6.6M | $5.54M | $3.94M | $3.38M | $2.78M | $3.14M | $824K |
| Gross Profit | $10.45M | $4.1M | $3.03M | $3.24M | $3.29M | $2.81M | $2.33M | $5.07M |
| Gross Margin | 83.8% | 38.3% | 35.4% | 45.1% | 49.3% | 50.3% | 42.6% | 86.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $282K | $2.29M | $1.89M | $1.74M | $1.75M | $1.66M | $1.53M | $0 |
| Other | $4.47M | $486K | $426K | $485K | $350K | $181K | $191K | -$2.29M |
| Total Operating Expenses | $4.75M | $2.78M | $2.32M | $2.22M | $2.1M | $1.84M | $1.72M | -$2.29M |
| Operating Income (EBIT) | $5.7M | $1.32M | $713K | $1.01M | $1.19M | $978K | $617K | $127K |
| Operating Margin | 45.7% | 12.3% | 8.3% | 14.1% | 17.8% | 17.5% | 11.3% | 2.2% |
| Interest Expense | $4.11M | $5.34M | $4.59M | $3.21M | $2.53M | $2.38M | $2.6M | $0 |
| Interest Income | $10.98M | $12.14M | $9.72M | $8.16M | $7.66M | $6.43M | $6.31M | $0 |
| Other Income (Expense) | -$4.11M | $0 | $0 | $0 | $0 | $0 | $0 | $493K |
| Income Before Tax (EBT) | $1.59M | $1.32M | $713K | $1.01M | $1.19M | $978K | $617K | $2.91M |
| Income Tax Expense | $378K | $340K | $180K | $206K | $310K | $290K | $123K | $2.79M |
| Net Income | $1.21M | $980K | $532K | $806K | $876K | $687K | $494K | $500K |
| Net Income Margin | 9.7% | 9.2% | 6.2% | 11.2% | 13.2% | 12.3% | 9.0% | 8.5% |
| Supplementary Data | ||||||||
| EPS | 0.37 | 0.29 | 0.14 | 0.25 | 0.28 | 0.22 | 0.16 | 0.17 |
| Diluted EPS | 0.26 | 0.21 | 0.13 | 0.25 | 0.28 | 0.22 | 0.16 | 0.17 |
| Weighted Average OS | 3.00M | 2.94M | 2.91M | 2.91M | 2.91M | 2.91M | 2.91M | 2.91M |
| EBITDA | $5.81M | $1.49M | $867K | $1.15M | $1.32M | $1.11M | $765K | $2.55M |
| EBITDA Margin | 46.6% | 13.9% | 10.1% | 16.0% | 19.9% | 19.9% | 14.0% | 43.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $11K | $2K | $45K | $421K | $21K | $477K | $346K | $78K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11K | $2K | $45K | $421K | $21K | $477K | $346K | $78K |
| Accounts Receivable | $72.84M | $1.06M | $804K | $646K | $48.51M | $0 | $38.8M | $34.24M |
| Inventory | $0 | $0 | $0 | $0 | -$47.21M | -$39.38M | $0 | $0 |
| Other Current Assets | $348K | $63.21M | $0 | $0 | $47.21M | $39.38M | $0 | $35.24M |
| Total Current Assets | $73.2M | $64.27M | $849K | $1.42M | $46.7M | $39.48M | $39.25M | $69.55M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $280K | $363K | $242K | $352K | $378K | $177K | $290K | $353K |
| Goodwill | $0 | $0 | $0 | $0 | $347K | $260K | $0 | $327K |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $62.8M | $59.94M | $48.83M | -$347K | -$260K | $38.8M | $0 |
| Deferred Tax Assets | $575K | $505K | $391K | $288K | $347K | $260K | $250K | $35.24M |
| Other Long-Term Assets | $766K | -$62.09M | $957K | $604K | -$347K | -$260K | -$38.32M | -$35.92M |
| Total Long-Term Assets | $1.62M | $1.57M | $61.53M | $50.07M | $378K | $177K | $1.02M | $35.92M |
| Other Assets | $0 | $0 | $0 | $0 | $1.45M | $1.16M | $0 | -$80.44M |
| Total Assets | $74.82M | $65.85M | $62.38M | $51.49M | $48.52M | $40.81M | $40.26M | $25.03M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $2.08M | $2.68M | $1.83M | $1.94M | $1.87M | $1.29M | $0 |
| Short-Term Debt | $53.44M | $45.58M | $45.13M | $34.26M | $117K | $39K | $28.63M | $6.58M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | -$3.68M | $28.24M | $0 | $32.56M |
| Total Current Liabilities | $55.64M | $47.79M | $49.43M | $37.54M | $36.1M | $30.19M | $30.87M | $39.14M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $8.24M | $8.04M | $6.49M | $7.89M | $6.19M | $5.68M | $6.22M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32.56M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $142K |
| Other Long-Term Liabilities | $2.44M | $2.56M | $0 | $0 | $0 | $0 | $0 | -$34.31M |
| Total Long-Term Liabilities | $10.72M | $10.7M | $6.55M | $8M | $6.37M | $5.73M | $6.32M | -$1.61M |
| Other Liabilities | $0 | $0 | $0 | $0 | $1.51M | $1.21M | $0 | -$37.52M |
| Total Liabilities | $66.36M | $58.5M | $55.98M | $45.54M | $43.98M | $37.13M | $37.18M | $4K |
| Stockholders' Equity | ||||||||
| Preferred Stock | $166 | $166 | $166 | $166 | $99 | $99 | $60 | $4K |
| Common Stock | $3K | $3K | $3K | $3K | $3K | $3K | $4K | $0 |
| Retained Earnings | $4.94M | $3.85M | $2.98M | $2.57M | $1.85M | $1.04M | $403K | $2.68M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.68M |
| Other Stockholders' Equity | $3.51M | $3.5M | $3.41M | $3.38M | $2.68M | $2.64M | $2.67M | $32.56M |
| Total Equity | $8.46M | $7.35M | $6.4M | $5.95M | $4.53M | $3.68M | $3.08M | $35.24M |
| Minority Interest | $0 | $0 | $0 | $0 | $42.45M | $35.44M | $0 | $31.67M |
| Total Liabilities and Equity | $74.82M | $65.85M | $62.38M | $51.49M | $48.52M | $40.81M | $40.26M | $35.24M |
| Supplementary Data | ||||||||
| Total Debt | $61.85M | $53.85M | $51.74M | $42.39M | $40.54M | $34.05M | $35.06M | $248K |
| Net Debt | $61.83M | $53.85M | $51.7M | $41.97M | $40.51M | $33.57M | $34.72M | $170K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $1.21M | $980K | $532K | $806K | $876K | $687K | $494K | $359K |
| Depreciation & Amortization | $111K | $167K | $154K | $139K | $137K | $135K | $148K | $127K |
| Deferred Income Tax | -$70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $13K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | -$8.52M | -$598K | -$5.42M | -$1.67M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $313K | $360K | $237K | -$195K | $302K | $376K | $35K | $237K |
| Other Working Capital | -$67K | -$575K | $677K | $37K | $8.24M | $181K | -$498K | -$114K |
| Total Working Capital Change | $245K | -$575K | $914K | -$158K | $24K | -$40K | -$5.89M | -$1.55M |
| Other Non-Cash Items | $1.37M | $1.27M | $1.08M | $837K | $1.03M | $515K | $643K | $532K |
| Net Cash from Operating | $2.88M | $1.84M | $2.68M | $1.62M | $2.07M | $1.3M | -$4.6M | -$528K |
| Investing Activities | ||||||||
| Capital Expenditures | -$33K | -$72K | -$63K | -$49K | -$37K | -$22K | -$16K | -$19K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$10.09M | -$4.4M | -$12.24M | -$3.57M | -$8.56M | -$40K | -$230K | -$176K |
| Net Cash from Investing | -$10.12M | -$4.48M | -$12.31M | -$3.62M | -$8.6M | -$62K | -$247K | -$195K |
| Financing Activities | ||||||||
| Debt Repaid | -$7.2M | -$3.71M | $363K | -$74K | -$1.31M | $142K | $41K | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$89K | -$69K | -$49K | -$94K | $0 |
| Other Financing Activities | -$7K | $0 | $0 | $45 | $0 | $0 | $0 | $132K |
| Net Cash from Financing | $7.25M | $2.59M | $9.25M | $2.4M | $6.07M | -$1.1M | $5.12M | $132K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $9K | -$44K | -$376K | $400K | -$456K | $132K | $268K | -$590K |
| Supplementary Data | ||||||||
| Operating Cash Flow | $2.88M | $1.84M | $2.68M | $1.62M | $2.07M | $1.3M | -$4.6M | -$528K |
| Capital Expenditure | -$33K | -$72K | -$63K | -$49K | -$37K | -$22K | -$16K | -$19K |
| Free Cash Flow | $2.85M | $1.77M | $2.62M | $1.58M | $2.03M | $1.27M | -$4.62M | -$546K |
| Cash at Beginning | $2K | $45K | $421K | $21K | $477K | $346K | $78K | $668K |
| Cash at End | $11K | $2K | $45K | $421K | $21K | $477K | $346K | $78K |