Focus Universal Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 10, 2026, reporting financial results and balance sheet data for the three and nine months ended September 30, 2026.

Key Highlights

  • Net loss of $4,154,461 for the nine months ended September 30, 2026, compared to a net loss of $3,923,401 for the same period in 2025, according to the filing.
  • Total revenue of $1,525,571 for the nine months ended September 30, 2026, up from $254,274 in the same prior-year period, driven primarily by rental revenue of $1,441,078 that did not exist in the 2025 period.
  • Total assets of $22,592,484 as of September 30, 2026, compared to $8,885,514 as of December 31, 2025, with property and equipment, net rising to $17,349,934 from $66,705.
  • Long-term loan of $10,839,154 (less current portion) on the balance sheet as of September 30, 2026, compared to zero as of December 31, 2025.
  • Common shares outstanding of 982,012 as of November 10, 2026, up from 228,774 as of December 31, 2025, reflecting warrant exercises and other equity activity during the period.
  • Accumulated deficit of $35,404,538 as of September 30, 2026, compared to $31,023,411 as of December 31, 2025.

Focus Universal's Rental Revenue Debut and Balance Sheet Expansion in Nine Months Through September 2026

According to the filing, Focus Universal Inc. (NASDAQ:FCUV) reported total revenue of $802,428 for the three months ended September 30, 2026, compared to $28,689 for the same period in 2025. For the nine-month period, total revenue reached $1,525,571 versus $254,274 a year earlier. The filing identifies rental revenue of $789,128 for the third quarter and $1,441,078 for the nine months ended September 30, 2026, a category that carried no balance in the comparable 2025 periods. Other revenue was $13,300 for the quarter and $84,493 for the nine-month period.

The company disclosed a net loss of $1,389,425 for the three months ended September 30, 2026, against a net loss of $1,166,375 in the year-ago quarter. For the nine months, the net loss was $4,154,461 compared to $3,923,401 in 2025. Total cost and operating expenses rose to $5,502,741 for the nine-month period from $4,248,937 a year earlier, with property operating expenses of $660,318 and depreciation and amortization of $443,584 each appearing in 2026 but not in 2025. Research and development expense was $1,111,147 for the nine months versus $1,127,633 in 2025, and professional fees were $1,440,110 versus $1,224,063. Basic net loss per share for the nine months was $8.24, compared to $21.62 in the prior-year period, based on a weighted average share count of 531,561 versus 181,506.

The balance sheet as of September 30, 2026 reflects significant changes from December 31, 2025. The filing reports total assets of $22,592,484, with property and equipment, net of $17,349,934 accounting for the majority of the increase from the year-end balance of $8,885,514. Total liabilities rose to $11,956,040 from $366,471, primarily due to a loan with a current portion of $129,290 and a non-current portion of $10,839,154. Series B convertible redeemable preferred stock, which carried a balance of $5,946,284 at December 31, 2025 (representing 7,263 shares issued and outstanding), had zero shares outstanding as of September 30, 2026. Total stockholders' equity was $10,636,444 as of September 30, 2026, compared to $2,572,759 at December 31, 2025. The filing also notes 279,330 common shares were issued through the exercise of Series A warrants in September 2026, contributing $3,720,675 to equity.

What Was Disclosed

Focus Universal Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing a nine-month net loss of $4,154,461, the emergence of rental revenue as a new revenue category, a substantial increase in total assets to $22,592,484, and a new long-term loan liability of $10,839,154.