Cardiff Lexington Corporation filed its quarterly report on Form 10-Q with the SEC on November 10, 2026, covering the three and nine months ended September 30, 2026, and reporting a net loss of $8,777,531 for the nine-month period.

Key Highlights

  • Nine-month net loss: Cardiff Lexington reported a net loss of $8,777,531 for the nine months ended September 30, 2026, compared to a net loss of $2,821,471 for the same period in 2025.
  • Revenue decline: Revenue for the nine months ended September 30, 2026 was $6,294,016, down from $8,763,314 for the nine months ended September 30, 2025.
  • Interest expense: Interest expense for the nine months ended September 30, 2026 totaled $6,516,692, compared to $4,594,714 in the prior-year period.
  • Line of credit balance: The line of credit balance stood at $23,439,491 as of September 30, 2026, up from $17,209,908 at December 31, 2025.
  • Common shares outstanding: As of September 30, 2026, 17,026,827 common shares were issued and outstanding, compared to 13,701,698 at December 31, 2025.
  • Accumulated deficit: The accumulated deficit reached $89,117,673 as of September 30, 2026, compared to $79,490,980 at December 31, 2025.

Cardiff Lexington's Financial Results for the Period Ended September 30, 2026

According to the filing, Cardiff Lexington Corporation, a Nevada-incorporated company headquartered at 710 East Main Street, Lexington, KY, reported a net loss attributable to common shareholders of $9,626,693 for the nine months ended September 30, 2026, reflecting both the net loss and $849,162 in preferred stock dividends. The company's basic and diluted loss per share for the nine-month period was $(0.64), based on weighted average shares outstanding of 15,152,991.

The filing disclosed that revenue for the three months ended September 30, 2026 was $1,912,179, compared to $3,058,740 for the same quarter in 2025. Gross profit for the nine months ended September 30, 2026 was $3,537,129, against $5,445,371 for the nine months ended September 30, 2025. Share-based compensation expense rose to $1,401,116 for the nine-month period, up from $138,688 in the comparable prior-year period, according to the filing.

The company also disclosed derivative liability losses on issuance and changes in fair value of $493,014 for the nine months ended September 30, 2026, an item that did not appear in the prior-year period. Total assets were reported at $30,582,812 as of September 30, 2026, compared to $29,086,945 at December 31, 2025. The filing notes that shares outstanding for periods in 2025 have been restated to reflect a 1-for-3 reverse stock split effective January 12, 2026, as described in Note 1 of the financial statements. The company is classified as a smaller reporting company and a non-accelerated filer. No securities are registered under Section 12(b) of the Act.

What Was Disclosed

Cardiff Lexington Corporation filed a Form 10-Q for the quarterly period ended September 30, 2026, disclosing a nine-month net loss of $8,777,531, revenue of $6,294,016, an accumulated deficit of $89,117,673, and a line of credit balance of $23,439,491 as of the period end.