American Vanguard Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 9, 2026, reporting continued net losses across both the three-month and nine-month periods.

Key Highlights

  • Nine-month net loss of $31,682 thousand: The company reported a net loss of $31,682 thousand for the nine months ended September 30, 2026, compared to a net loss of $21,669 thousand for the same period in 2025, according to the filing.
  • Third-quarter net loss of $17,668 thousand: For the three months ended September 30, 2026, the company reported a net loss of $17,668 thousand, versus a net loss of $12,358 thousand in the prior-year quarter.
  • Net sales declined year-over-year: Nine-month net sales were $348,698 thousand, down from $364,426 thousand in the nine months ended September 30, 2025; third-quarter net sales were $108,376 thousand versus $119,313 thousand in Q3 2025.
  • Interest expense nearly doubled nine-month over nine-month: Net interest expense reached $24,066 thousand for the nine months ended September 30, 2026, compared to $13,135 thousand for the same period in 2025.
  • CFO transition costs recorded: The company disclosed $1,316 thousand in CFO transition costs in the third quarter of 2026, a line item that did not appear in the prior-year period.
  • Long-term debt increased significantly: Long-term debt, net of current portion, stood at $263,937 thousand as of September 30, 2026, up from $174,000 thousand at December 31, 2025.
  • Shares outstanding: The filing reported 29,553,079 shares of common stock outstanding as of November 4, 2026.

American Vanguard's Financial Results for the Nine Months Ended September 30, 2026

American Vanguard Corporation (NYSE:AVD) reported a net loss of $17,668 thousand for the three months ended September 30, 2026, and a net loss of $31,682 thousand for the nine months ended September 30, 2026, according to the condensed consolidated statements of operations included in the filing. The loss per common share on a basic and diluted basis was $(0.61) for the third quarter and $(1.10) for the nine-month period, compared to $(0.43) and $(0.76) in the respective prior-year periods.

The filing disclosed that gross profit for the nine months ended September 30, 2026 was $99,382 thousand, down from $104,952 thousand in the same period of 2025. Operating expenses included selling, general and administrative costs of $80,133 thousand, research, product development and regulatory expenses of $17,097 thousand, transformation costs of $5,975 thousand, and asset impairments of $943 thousand for the nine-month period. A new line item, CFO transition costs of $1,316 thousand, was recorded in the third quarter of 2026 with no comparable amount in 2025. Product liability claims were $223 thousand for the nine months ended September 30, 2026, compared to $7,029 thousand in the same prior-year period.

On the balance sheet as of September 30, 2026, the company reported total assets of $663,410 thousand and total liabilities of $500,287 thousand, leaving total stockholders' equity of $163,123 thousand, down from $192,397 thousand at December 31, 2025. Cash increased to $83,909 thousand from $12,425 thousand at year-end 2025. The current portion of long-term debt was $3,750 thousand as of September 30, 2026, with no such balance recorded at December 31, 2025. Retained earnings declined to $123,319 thousand from $155,000 thousand at December 31, 2025, reflecting the net losses recorded during the nine-month period.

What Was Disclosed

American Vanguard Corporation filed its quarterly report covering the period ended September 30, 2026, disclosing nine-month net losses of $31,682 thousand, year-over-year declines in net sales, a significant rise in net interest expense, new CFO transition costs, and increased long-term debt compared to December 31, 2025.