LFTD Partners ( (LIFD) ) has released a notification of late filing.
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LFTD Partners Inc. has filed a Form 12b-25 to announce a delay in submitting its Form 10-K (Yearly Report) for the year ended December 31, 2025. The yearly filing, which will include full audited financials, is being pushed back but remains within the SEC’s allowed extension window.
The company says it could not finalize its accounting records and schedules in time to incorporate comments from its independent auditors and their concurrent reviewer. Management argues that meeting the original deadline would have required unreasonable effort and expense, especially around preparing EDGAR-ready documentation.
LFTD Partners expects to file its Form 10-K (Yearly Report) within the standard 15-day grace period and even indicates an anticipated filing within a five-day extension. Investors should therefore see the overdue annual report relatively soon, barring any new complications.
The company has warned that it expects a significant change in results of operations compared with the prior year, driven largely by the impact of new U.S. legislation on hemp-derived products. This includes substantial goodwill impairment charges related to its Lifted and Oculus acquisitions and a full write-down of its minority investment in Ablis.
The continuing appropriations act signed in November 2025 bans intoxicating hemp-derived consumable products nationwide starting November 12, 2026, which LFTD Partners believes will likely devastate its business and stock price. Management notes that approximately 52% of Lifted’s 2025 sales came from hemp-derived products, so the law could ultimately remove roughly half or more of the company’s revenue base.
Because these are forward-looking statements, actual outcomes may differ depending on whether Congress amends or replaces the provisions affecting the hemp industry. Nonetheless, LFTD Partners has already recognized non-cash impairments that will materially depress its 2025 earnings and reset the carrying value of key assets to zero.
The company states that all other required SEC periodic reports over the past 12 months have been filed on time, suggesting this delay is an exception rather than a pattern. LFTD Partners emphasizes its intent to remain in compliance by completing the Form 10-K (Yearly Report) promptly once the accounting and review work is finished.
The notification is signed by CEO Gerard M. Jacobs, who is identified as the authorized officer responsible for the filing. His signature underscores management’s accountability for both the late-filing notice and the forthcoming annual report.
The most recent analyst rating on (LIFD) stock is a Sell with a $0.21 price target. To see the full list of analyst forecasts on LFTD Partners stock, see the LIFD Stock Forecast page.
Spark’s Take on LIFD Stock
According to Spark, TipRanks’ AI Analyst, LIFD is a Neutral.
The score is primarily held back by weak profitability and significant cash flow challenges, despite a comparatively stable balance sheet. Technically, the stock is in a downtrend below major moving averages with soft momentum, and valuation risk is elevated due to a high P/E and no dividend yield support.
To see Spark’s full report on LIFD stock, click here.
More about LFTD Partners
Average Trading Volume: 3,479
Technical Sentiment Signal: Sell
Current Market Cap: $3.56M
See more data about LIFD stock on TipRanks’ Stock Analysis page.