STANDARD PREMIUM FINANCE HOLDINGS, INC. (SPFX) Form 10-Q — Aug 10, 2026

$SPFXForm 10-QFiled Aug 10, 2026, 4:22 PM ET0001079973-26-001024Original filing

Standard Premium Finance Holdings reported Q2 2026 revenue of $3.46 million, up 11.1% year over year, with net income of $375,650, up 45.6% from $258,087 a year earlier. Diluted EPS rose to $0.10 from $0.06, and annualized return on equity improved to 19.25% from 14.98%. Growth was driven by originations of $48.6 million in the quarter versus $40.3 million a year ago, fueled by expansion beyond Florida (now 58% of activity) with new marketing hires in the Midwest.

Key figures

Eps: Diluted $0.20 for the six months ($0.14 prior year); diluted $0.10 for Q2 ($0.06 prior year)
Revenue: $6,777,966 for the six months ended June 30, 2026 (+12.7% YoY); $3,461,598 for Q2 2026 (+11.1% YoY)
Net Income: $783,717 for the six months (+32.0% YoY); $375,650 for Q2 (+45.6% YoY)
Total Debt: Line of credit balance of $61,835,009 plus subordinated notes payable and other loans of $12,108,286 as of June 30, 2026
Cash Position: $20,688 in cash plus a $249,056 bank-account overdraft funded by the line of credit
Shares Outstanding: 2,930,726 at June 30, 2026 (2,930,134 as of August 10, 2026)
Stock close: $3.17 at June 30, 2026 vs $1.90 at December 31, 2025
Q2 originations: $48,631,251 vs $40,324,340 in Q2 2025
Annualized roe q2: 19.25% vs 14.98% prior year
Q2 share buybacks: 16,564 shares at an average $2.24; repurchase program expired June 10, 2026
Line of credit rate: 5.72% at June 30, 2026 vs 7.07% at June 30, 2025
Florida concentration: 58% of business activity
Six month originations: $93,460,005 vs $77,930,937 in H1 2025
Interest earned rate q2: 16.66% vs 18.12% prior year
Line of credit capacity: $75,000,000 plus $40,000,000 uncommitted accordion, maturing September 25, 2028
Working capital surplus: $86,525,494
Premium finance receivables: $90,793,812 at June 30, 2026 vs $76,630,634 at December 31, 2025
Unearned premium collateral: $123,200,000 at June 30, 2026
Preferred dividends in arrears: $29,050 at June 30, 2026 (paid July 2026)
Provision for credit losses six months: $704,414 vs $630,266 prior year

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