NightFood Holdings, Inc. (NGTF) Form 10-K — Oct 13, 2026
NightFood Holdings filed its FY2026 10-K reporting a net loss of $84.7 million, driven by $63.9 million of goodwill impairment on its two recently acquired hotels ($61.5M) and the SWC packaging unit ($2.3M). Revenue grew to $8.1 million from $0.5 million, but the increase was almost entirely from acquisitions rather than organic growth. The auditor and management both flagged substantial doubt about the company's ability to continue as a going concern: cash was only $865,889 against a $29.8 million working capital deficit, and $7.0 million of debt principal was in default accruing interest at up to 24%. Total debt stood at $34.9 million, mostly hotel mortgage debt.
Key figures
- Eps
- -0.31
- Revenue
- 8127029
- Total Debt
- 34925868
- Revenue Yoy
- +1585% (vs $482,285 in FY2025, mostly from acquisitions)
- Total Assets
- 64604614
- Cash Position
- 865889
- Shares Outstanding
- 545254601
- Debt in default
- 7049557
- Hotel acquisitions
- Victorville ~$39.0M (Aug 27, 2025); Rancho Mirage ~$42.28M (Sep 30, 2025)
- Goodwill impairment
- $63,886,000 (Victorville $29,544,000; Rancho Mirage $31,993,000; SWC $2,349,000)
- Last reported price
- $0.03 (Sep 22, 2026)
- Reverse split ratio
- 1-for-150 (authorized range 1:150-1:250, not yet effective)
AI analysis
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