Chicago Rivet & Machine Co. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing a nine-month net loss of $2,267,520 and a third-quarter net loss of $915,977, compared with net income in the prior-year periods.

Key Highlights

  • Nine-month net loss: The company reported a net loss of $2,267,520 for the nine months ended September 30, 2026, versus net income of $73,615 for the same period in 2025.
  • Third-quarter net loss: The company reported a net loss of $915,977 for the three months ended September 30, 2026, compared with net income of $67,572 in Q3 2025.
  • Net sales: Net sales for the nine months ended September 30, 2026 were $21,618,309, down from $21,903,997 in the year-earlier period; Q3 2026 net sales were $7,530,167 versus $7,360,284.
  • Gross profit declined: Nine-month gross profit fell to $2,193,581 from $3,962,300, as cost of goods sold rose to $19,424,728 from $17,941,697.
  • Related party note payable: A new $1,500,000 related party note appeared on the September 30, 2026 balance sheet, with no comparable balance at December 31, 2025.
  • Retained earnings decreased: Retained earnings fell to $18,873,666 at September 30, 2026 from $21,170,170 at December 31, 2025.
  • Shares outstanding: As of November 4, 2026, there were 966,132 shares of common stock outstanding.

Chicago Rivet Reports Widening Losses and New Related Party Borrowing Through September 2026

According to the filing, Chicago Rivet & Machine Co. (NYSE American:CVR) recorded a nine-month operating loss of $2,332,295 for the period ended September 30, 2026, a sharp reversal from operating income of $56,833 in the first nine months of 2025. The company attributed the shift in part to cost of goods sold rising by approximately $1.5 million year over year for the nine-month period, while selling and administrative expenses also increased, reaching $4,525,876 versus $4,244,987 in the prior-year nine-month period.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $23,466,419 and total liabilities of $6,929,621, compared with total assets of $23,301,439 and total liabilities of $4,468,137 at December 31, 2025. The filing disclosed that a $1,500,000 related party note was recorded as a current liability at September 30, 2026, which was not present at year-end 2025. Accounts payable also rose substantially, to $2,391,754 from $742,292. Cash and cash equivalents fell to $633,933 from $1,718,237 over the same span.

The statement of cash flows showed net cash used in operating activities of $1,721,853 for the nine months ended September 30, 2026, versus $1,344,371 used in the comparable 2025 period. Financing activities provided $971,016, reflecting $1,500,000 in proceeds from the related party note and $1,000,000 in line-of-credit proceeds, partially offset by $1,500,000 in line-of-credit payments and $28,984 in cash dividends paid. The company declared dividends of $0.03 per share in the first quarter of 2026 but declared no dividends in the second or third quarters, compared with $0.03 per share declared in each of the three quarters of 2025.

What Was Disclosed

Chicago Rivet & Machine Co. filed a 10-Q for the quarter ended September 30, 2026, reporting nine-month and quarterly net losses, higher costs, reduced cash balances, a new $1,500,000 related party note, and total shareholders' equity of $16,536,798.