1847 Holdings SEC Filings

1847 Holdings LLC reported weak first-quarter 2026 results marked by steep revenue declines, heavy losses and significant liquidity pressure. Revenue from continuing operations fell to $1.17 million from $2.77 million as cabinetry and automotive segments both contracted sharply.

The company posted a net loss from continuing operations of $3.85 million and total net loss of $3.45 million, with an accumulated deficit of $113.1 million and a working capital deficit of $34.2 million. Management concluded that the magnitude of current liabilities and near-term debt maturities raises substantial doubt about its ability to continue as a going concern.

To address this, 1847 Holdings is pursuing additional debt and equity financing, cost reductions, and asset sales. CMD, now classified as discontinued operations, generated $8.20 million of revenue and $0.40 million of net income, and is subject to a non-binding letter of intent valuing it at $65 million in an all-cash transaction.

1847 Holdings LLC reported first quarter 2026 results and outlined a major portfolio move. The board is pursuing a proposed all-cash sale of CMD Inc. under a non-binding letter of intent valuing CMD at $65 million, compared with its December 2024 acquisition price of about $18.75 million. If completed on contemplated terms, management expects to repay all outstanding debt and then evaluate how to deploy remaining capital for ongoing operations and future acquisitions.

On a continuing operations basis, revenue for the quarter was $1.17 million, down from $2.77 million a year earlier, mainly due to lower activity at Kyle’s and Wolo. Total operating expenses fell about 53% to $1.97 million, improving loss from operations by about 44% to $(0.8) million. Net loss from continuing operations widened to $(3.85) million from $(1.63) million, driven by higher interest and a $1.3 million loss on warrant liabilities versus a prior-period gain. Cash flow from operating activities for continuing operations was positive at roughly $0.7 million, up from $0.4 million. CMD, now classified as held-for-sale and discontinued operations, generated about $8.2 million of revenue and $0.4 million of net income in the quarter.

1847 Holdings LLC is a Delaware-based acquisition holding company that owns and operates small businesses, now heavily concentrated in construction services. For the year ended December 31, 2025, construction subsidiaries accounted for approximately 97.6% of total revenues, up from 76.1% in 2024, reflecting portfolio shifts and new acquisitions.

The company focuses on buying controlling interests in North American businesses with enterprise values under $50 million, targeting stable cash flows and low leverage. It finances deals with a mix of debt and equity and relies on external manager 1847 Partners LLC, which earns management fees and a performance-based profit allocation tied to subsidiary gains over an 8% hurdle rate.

Recent portfolio changes include the 2024 acquisition of CMD, expanding construction coverage to Las Vegas, southern Utah and northern Arizona, and the loss of Asien’s, High Mountain and ICU Eyewear, whose assets were sold or assigned and are now reported as discontinued operations. As of June 30, 2025, non-affiliate common share market value was about $2.3 million, and as of March 26, 2026, there were 65,293,659 common shares outstanding.

1847 Holdings LLC reported audited results for 2025 showing a sharp turnaround in performance. Revenue rose to $48.3 million, a 207% increase from 2024, while gross profit grew to $23.9 million, up 208%. The company generated operating income of $4.0 million versus a prior-year loss and net income from continuing operations of $66.5 million, largely driven by a substantial gain on the change in fair value of warrant liabilities.

Total Adjusted EBITDA improved to $9.8 million from a negative result in 2024, reflecting stronger underlying operations. CMD contributed $40.5 million of 2025 revenue, about 32% year-over-year growth on a pro forma basis, and increased Adjusted EBITDA to $14.3 million. Kyle’s delivered $6.6 million in revenue, up 24%, with Adjusted EBITDA more than doubling. Management highlighted a CMD bid pipeline exceeding $160 million and is evaluating strategic alternatives for CMD, including refinancing or a potential sale aimed at retiring convertible debt.

1847 Holdings LLC Chairman and CEO Ellery W. Roberts, who is also a director, reported several open-market purchases of the company’s common shares. On 11/25/2025, he acquired 14 shares at $0.009 each. On 11/26/2025, he bought 300,000 shares at $0.0119 per share. On 12/03/2025, he purchased 41,463 shares at $0.0096 and an additional 208,537 shares at $0.01. Following these transactions, he directly beneficially owns 1,203,110 common shares of 1847 Holdings LLC.

1847 Holdings LLC (LBRA) Chairman and CEO Ellery W. Roberts, who is also a director, reported buying additional common shares of the company. On 11/21/2025, he acquired 352,006 common shares in an open-market purchase reported with transaction code "P" for a weighted average price of $0.01 per share. After this transaction, he beneficially owns 653,096 common shares, held directly.

The filing notes that the purchase was executed through multiple trades at prices ranging from $0.008 to $0.0099629 per share, and that detailed breakdowns of each individual trade within this range are available upon request.

1847 Holdings LLC (LBRA) Chairman and CEO Ellery W. Roberts reported an open-market purchase of company stock. On 11/18/2025, he bought 100,000 common shares of 1847 Holdings at a price of $0.0085 per share, coded as a purchase transaction. After this trade, he directly holds 301,090 common shares of the company. Roberts is both a director and the Chairman and CEO, so this filing reflects a change in ownership by a key insider rather than a company-level financing event.