Onar Holding Corp (ONAR) Form 10-K — Jun 11, 2026

ONAR Holding Corp reported a net loss of $9.3 million for the fiscal year ended December 31, 2025, driven by a $7.5 million operating loss and $1.6 million in interest expense. The company generated $3.2 million in revenue, a 63% increase year-over-year, but remains deeply unprofitable with a gross margin of only 4.6%. The filing includes a critical going concern warning, citing a working capital deficit of $9.4 million and total liabilities of $9.7 million against total assets of $3.8 million. Management states that the company’s ability to continue as a going concern is dependent on raising additional capital, achieving profitable operations, and generating sufficient cash flows.

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