Capstone Holding Corp.
Business
Capstone Holding Corp. is a technology-enabled building products distribution and installation platform operating through three subsidiaries: Instone, Canadian Stone Industries, and Carolina Stone. The company distributes and installs thin veneer stone, natural stone, manufactured stone, and masonry products across 38 U.S. states and two Canadian provinces. Its products include manufactured stone veneer, natural stone, mechanically attached systems, hardscape products, and modular masonry fireplaces. The company serves masonry dealers, contractors, builders, and homeowners in residential and commercial construction markets through nine distribution centers and employs approximately 93 full-time employees.
Summary from 10-K filed 2026-04-16
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2018 2018-12-31 | FY 2017 2017-12-31 |
|---|---|---|---|---|---|---|
| Sales | 48 | 46 | — | — | — | |
| Sales returns and allowances | −1 | −932,000 | −289,000 | — | — | |
| Net sales | 47 | 45 | — | — | — | |
| Cost of goods sold | 36 | 35 | — | — | — | |
| Gross Profit | 11 | 10 | 10 | — | — | |
| Selling, general and administrative expenses | 14 | 10 | 11 | — | — | |
| Impairment of goodwill | 6 | 0 | — | — | — | |
| Transaction expenses | 1 | 0 | — | — | — | |
| Income (loss) from operations | −11 | −638,000 | −1 | −181,000 | −2 | |
| Loss on asset disposal | −11,000 | 0 | — | — | — | |
| Change in fair value of derivative liability | 829,000 | 0 | — | — | — | |
| Interest expense | −4 | −1 | −2 | — | — | |
| Income from continuing operations before taxes | −14 | −2 | −4 | −432,000 | −2 | |
| Provision for Income Taxes (expense) | −7 | −442,000 | −234,000 | 52,000 | 36,000 | |
| Net Income (Loss) | −21 | −3 | −4 | −380,000 | −2 | |
| Net Income (loss) attributable to Capstone Holding Corp. stockholders | −22 | −5 | −6 | — | — | |
| Foreign currency translation adjustment | −1,000 | 0 | — | — | — | |
| Comprehensive Loss | −22 | −5 | — | — | — | |
| Net loss per share attributable to Capstone Holding Corp. stockholders basic and diluted (in dollars per share) | −4.12 | −34.87 | −36.39 | — | — | |
| Weighted average number of common shares outstanding basic and diluted (in shares) | 5 | 157,610 | 157,610 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|---|---|---|
| Cash | 727,000 | 11,000 | 52,000 | — | 1 | |
| Accounts receivable, net | 5 | 3 | 3 | — | — | |
| Inventories | 17 | 10 | 14 | — | — | |
| Prepaid expenses | 231,000 | 150,000 | 458,000 | — | — | |
| Other current assets | 118,000 | 242,000 | 241,000 | — | 97,000 | |
| Total current assets | 23 | 13 | 17 | — | 1 | |
| Property and equipment, net | 2 | 2 | 2 | — | 0 | |
| Goodwill | 18 | 23 | 23 | — | — | |
| Other intangible assets | 2 | 48,000 | — | — | — | |
| Right of use assets | 5 | 2 | 3 | — | — | |
| Deferred tax asset | 0 | 7 | 8 | — | — | |
| Other long-term assets | 593,000 | 247,000 | 48,000 | — | — | |
| Total long-term assets | 28 | 34 | 36 | — | — | |
| Total Assets | 51 | 47 | 53 | — | 1 | |
| Accrued expenses | 874,000 | 394,000 | — | — | — | |
| Line of credit | 10 | 6 | 9 | — | — | |
| Current portion of long-term debt | 4 | 2 | 4 | — | — | |
| Current portion, lease liability | 2 | 738,000 | — | — | — | |
| Deferred tax liability | 20,000 | 0 | — | — | — | |
| Derivative liability | 702,000 | 0 | — | — | — | |
| Total current liabilities | 23 | 13 | 16 | — | 246,000 | |
| Accrued related party management fee | 454,000 | 351,000 | 351,000 | — | — | |
| Accrued Series Z preferred stock dividends | 39,000 | 0 | — | — | — | |
| Series Z preferred stock | 2 | 0 | — | — | — | |
| Long term debt, net of current portion | 9 | 6 | 5 | — | 2 | |
| Operating Lease, Liability, Noncurrent | 4 | 1 | 2 | — | — | |
| Earn-out payable | 352,000 | 0 | — | — | — | |
| Other long-term liabilities | 42,000 | 0 | — | — | — | |
| Total long-term liabilities | 16 | 8 | 8 | — | — | |
| Total Liabilities | 39 | 21 | 24 | — | — | |
| Common Stock $0.0005 par value; 50,000,000 and 200,000 shares authorized; 8,772,872 and 157,610 issued as of December 31, 2025 and December 31, 2024 | 4,000 | 0 | — | — | 27,000 | |
| Additional paid-in capital | 230 | 193 | 193 | — | — | |
| Accumulated deficit | −218 | −196 | −191 | — | −192 | |
| Accumulated other comprehensive loss | −1,000 | 0 | — | — | — | |
| Total Equity | 12 | −3 | 2 | 8 | −1 | |
| Total Liabilities, TotalStone, LLC. Preferred Units & Equity | 51 | 47 | 53 | — | 1 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2018 2018-12-31 | FY 2017 2017-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 391,000 | 310,000 | — | — | — | |
| Net, amortization (accretion) to interest expense | 2 | 0 | — | — | — | |
| Unrealized gain (loss) on derivative instruments | −829,000 | 0 | — | — | — | |
| Provisions for doubtful debt | 23,000 | 0 | — | — | — | |
| (Gain) loss on asset disposal | 11,000 | 0 | — | — | — | |
| Deferred taxes, net | 7 | 419,000 | — | — | — | |
| Paid-in-kind interest | 52,000 | 0 | — | — | — | |
| Accounts receivable and other assets | 292,000 | −181,000 | 4 | — | — | |
| Accounts receivable - intercompany | 0 | 0 | — | — | — | |
| Inventory | −1 | 4 | — | — | — | |
| Prepaid and other assets | 310,000 | 158,000 | — | — | — | |
| Change in operating leases, net | 91,000 | 210,000 | 21,000 | — | — | |
| Management fee payable, related party | 798,000 | 0 | — | — | — | |
| Accrued expenses | 1 | 819,000 | — | — | — | |
| Derivative liability | 188,000 | 0 | — | — | — | |
| Other liabilities | −12,000 | −43,000 | — | — | — | |
| Cash flows provided by (used in) operating activities | −4 | 4 | 2 | 66,000 | −2 | |
| Purchase of property and equipment, net | −122,000 | −120,000 | −208,000 | — | — | |
| Purchase of intangible assets | −38,000 | −66,000 | — | — | — | |
| Cash flows used in investing activities | −7 | −186,000 | −208,000 | 0 | 0 | |
| Proceeds from debt issuance | 6 | 0 | — | — | — | |
| Payments on financing lease liabilities | −158,000 | −208,000 | −171,000 | — | — | |
| Financing fees paid | −2 | 0 | — | — | — | |
| Borrowings under line of credit, net | 4 | −2 | — | — | — | |
| Debt payments | −985,000 | −1 | — | — | — | |
| Deferred IPO Costs | 0 | −200,000 | — | — | — | |
| Proceeds from IPO and stock issuances | 5 | 0 | — | 0 | 1 | |
| Proceeds from equity line of credit | 275,000 | 0 | — | — | — | |
| Cash flows provided by (used in) financing activities | 12 | −4 | −1 | 0 | 2 | |
| NET CHANGE IN CASH & CASH EQUIVALENTS | 716,000 | −41,000 | — | — | — | |
| Effect of foreign currency rates on changes in cash | −76,000 | — | — | — | — | |
| Operating cash flows from finance leases (interest) | 14,000 | 14,000 | — | — | — | |
| Conversion of Special Preferred Units to debt | 29 | 0 | — | — | — | |
| Reclassification of derivative liability to APIC upon conversion | 1 | 0 | — | — | — | |
| TotalStone preferred stock dividends charged to retained earnings | 705,000 | 0 | — | — | — | |
| Operating cash flows from operating leases | 966,000 | 778,000 | — | — | — | |
| Interest Paid | 873,000 | 1 | 12,000 | — | — | |
| Taxes Paid | 29,000 | 31,000 | 378,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Capstone Holding Corp.'s CIK number?
Capstone Holding Corp.'s SEC CIK number is 0000887151 (887151). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Capstone Holding Corp.'s SEC filings?
All of Capstone Holding Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Capstone Holding Corp. last report earnings?
Capstone Holding Corp. (CAPS) most recently filed an earnings 8-K with the SEC on Nov 17, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-25-111353). This is Capstone Holding Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Capstone Holding Corp.'s most recent earnings 8-K?
Capstone Holding Corp.'s latest earnings 8-K (Item 2.02) was filed Nov 17, 2025 under accession 0001213900-25-111353. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Capstone Holding Corp.'s latest earnings 8-K →
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