ContextLogic Holdings Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 9, 2026, reporting condensed consolidated financial results as a successor entity following a business combination completed in late February 2026.

Key Highlights

  • Net loss of $13.4 million was reported for the three months ended September 30, 2026, according to the filing.
  • Net sales of $32.2 million were recorded for the three months ended September 30, 2026, matching the same period in 2025.
  • Total assets grew to $964.9 million as of September 30, 2026, compared to $407.8 million as of December 31, 2025, the filing disclosed.
  • Goodwill increased to $148.5 million as of September 30, 2026, up from $28.1 million as of December 31, 2025.
  • Transaction expenses of $6.8 million were recorded in the three months ended September 30, 2026, contributing to the operating loss.
  • 45,753,716 shares of common stock were outstanding as of October 31, 2026, the registrant reported.
  • Noncontrolling interest of $443.7 million was reported on the balance sheet as of September 30, 2026.

ContextLogic Holdings Reports Successor-Period Results Following February 2026 Business Combination

ContextLogic Holdings Inc. (OTCQB:LOGC), a Delaware corporation headquartered in Oakland, California, filed its quarterly report covering the period ended September 30, 2026. The filing presents results under a successor/predecessor framework, reflecting a business combination that the company disclosed became effective on February 27, 2026. The successor period spans from February 27, 2026 to September 30, 2026, while predecessor results cover January 1, 2026 to February 26, 2026 and prior comparable periods.

For the three months ended September 30, 2026, the company reported net sales of $32.2 million and a gross profit of $11.6 million, the filing stated. Total operating expenses for the same quarter reached $20.4 million, which included general and administrative expenses of $12.6 million and transaction expenses of $6.8 million, resulting in a loss from operations of $8.8 million. After interest and other expense, net of $4.6 million, the company recorded a net loss of $13.4 million, or $(0.29) per basic and diluted share, based on a weighted-average share count of 45,753 thousand.

The consolidated balance sheet as of September 30, 2026 showed total assets of $964.9 million, up from $407.8 million at December 31, 2025. The increase was driven in part by growth in property, plant and equipment, net, to $395.0 million from $321.4 million, as well as a rise in intangibles, net, to $371.0 million from $16.8 million, and goodwill of $148.5 million compared to $28.1 million at year-end 2025. Total liabilities were $242.5 million, with long-term debt, net of current maturities, of $208.9 million. Total stockholders' equity attributable to common stockholders was $278.7 million, reflecting an accumulated deficit of $3,357.2 million offset by additional paid-in capital of $3,635.9 million.

What Was Disclosed

The 10-Q filing for the quarter ended September 30, 2026 disclosed a net loss of $13.4 million on net sales of $32.2 million for the successor period quarter, alongside a significant expansion in total assets to $964.9 million following the February 2026 business combination.