Wright Investors Service Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 14, 2025
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What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-13.
0001214659-25-011922
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-14.
0001214659-25-016507
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 35 previous paragraphs and 35 current paragraphs.
21 unchanged; 13 reworded; 1 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
For the nine months ended September 30, 2025, Compensation and benefits were $345,000 compared to $335,000 for the nine months ended September 30, 2024. The increased Compensation and benefits of $10,000 was the result of increased payroll benefits.
Removed paragraphs (1)
Previous report
For the six months ended June 30, 2025 and 2024, Compensation and benefits were $228,000.
Reworded paragraphs (13)
Previous wording
For the three months ended June 30, 2025, the Company had a loss from operations of $244,000 compared to a loss from operations of $233,000 for the three months ended June 30, 2024.
Current wording
For the three months ended September 30, 2025, the Company had a loss from operations of $254,000 compared to a loss from operations of $231,000 for the three months ended September 30, 2024.
Previous wording
The increased loss from operations of $48,000 was primarily a result of a decrease in Interest and other income, net of $57,000, offset by a decrease in other operating expenses of $9,000 during the six months ended June 30, 2025.
Current wording
The increased loss from operations of $23,000 was primarily a result of a decrease in Interest and other income, net of $6,000, increase of Other operating expenses of $7,000, and an increase in Compensation and benefits of $10,000 during the three months ended September 30, 2025 as compared to September 30, 2024.
Previous wording
For the three months ended June 30, 2025, Compensation and benefits were $113,000 as compared to $115,000 for the three months ended June 30, 2024.
Current wording
For the three months ended September 30, 2025, Compensation and benefits were $117,000 as compared to $107,000 for the three months ended September 30, 2024. The increased Compensation and benefits of $10,000 was the result of an increase in payroll benefits.
Previous wording
For the three months ended June 30, 2025, Other operating expenses were $145,000 as compared to $154,000 for the three months ended June 30, 2024. The decreased other operating expenses of $9,000 was primarily the result of decreased travel and entertainment expenses of $7,000 and decreased professional fees of $2,000 during the three months ended June 30, 2025.
Current wording
For the three months ended September 30, 2025, Other operating expenses were $151,000 as compared to $144,000 for the three months ended September 30, 2024. The increased operating expenses of $7,000 were primarily the result of increased professional fees of $18,000 and increased other expenses of $2,000, offset by decreased travel and entertainment expenses of $13,000.
Previous wording
For the three months ended June 30, 2025, Interest and other income, net was $14,000 as compared to $36,000 for the three months ended June 30, 2024. The decreased interest and other income, net of $22,000 was primarily the result of the lower yields related to the investments in mutual funds and lower balances of such investments during the three months ended June 30, 2025.
Current wording
For the three months ended September 30, 2025, Interest and other income, net was $14,000 as compared to $20,000 for the three months ended September 30, 2024. The decreased interest and other income, net of $6,000 was primarily the result of the lower yields related to the investments in mutual funds and no investments in U.S. Treasury securities during the three months ended September 30, 2025.
Previous wording
Six months ended June 30, 2025 compared to the six months ended June 30, 2024
Current wording
Nine months ended September 30, 2025 compared to the nine months ended September 30, 2024
Previous wording
For the six months ended June 30, 2025, the Company had a loss from operations of $500,000 compared to a loss from operations before income taxes of $452,000 for the six months ended June 30, 2024.
Current wording
For the nine months ended September 30, 2025, the Company had a loss from operations of $754,000 compared to a loss from operations before income taxes of $683,000 for the nine months ended September 30, 2024.
Previous wording
The increased loss from operations of $11,000 was primarily a result of a decrease in Interest and other income, net of $22,000, offset by a decrease in Compensation and benefits of $2,000, and a decrease in Other operating expenses of $9,000 for the three months ended June 30, 2024.
Current wording
The increased loss from operations of $71,000 was primarily a result of a decrease in Interest and other income, net of $63,000, decrease of Other operating expenses of $2,000, and an increase in Compensation and benefits of $10,000 during the nine months ended September 30, 2025 as compared to September 30, 2024.
Previous wording
For the six months ended June 30, 2025, Other operating expenses were $317,000 as compared to $326,000 for the six months ended June 30, 2024. The decreased operating expenses of $9,000 were primarily the result of decreased travel and entertainment expenses of $11,000, decreased professional fees of $2,000, offset by increased other expenses of $4,000.
Current wording
For the nine months ended September 30, 2025, Other operating expenses were $468,000 as compared to $470,000 for the nine months ended September 30, 2024. The decreased operating expenses of $2,000 were primarily the result of decreased travel and entertainment expenses of $24,000, offset by increased professional fees of $16,000, and increased other expenses of $6,000.
Previous wording
For the six months ended June 30, 2025, Interest and other income, net was $45,000 as compared to $102,000 for the six months ended June 30, 2024. The decreased interest and other income, net of $57,000 was primarily the result of the lower yields related to the investments in U.S. Treasury securities and mutual funds and lower balances of such investments during the six months ended June 30, 2025.
Current wording
For the nine months ended September 30, 2025, Interest and other income, net was $59,000 as compared to $122,000 for the nine months ended September 30, 2024. The decreased interest and other income, net of $63,000 was primarily the result of the lower yields related to the investments in U.S. Treasury securities and mutual funds and lower balances on investments in U.S. Treasury securities during the nine months ended September 30, 2025.
Previous wording
For the six months ended June 30, 2025 and 2024, the Company recorded no income tax expense from operations. No tax benefit has been recorded in relation to the pre-tax loss for the six months ended June 30, 2025 and 2024, due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses.
Current wording
For the nine months ended September 30, 2025 and 2024, the Company recorded no income tax expense from operations. No tax benefit has been recorded in relation to the pre-tax loss for the nine months ended September 30, 2025 and 2024, due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses.
Previous wording
At June 30, 2025, the Company had cash and cash equivalents totaling $394,000 and investments in mutual funds totaling $1,464,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents and investments to stockholders. The Company believes that its working capital is sufficient to support its operating requirements through September 30, 2026.
Current wording
At September 30, 2025, the Company had cash and cash equivalents totaling $137,000 and investments in mutual funds totaling $1,478,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents and investments to stockholders. The Company believes that its working capital is sufficient to support its operating requirements through November 30, 2026.
Previous wording
The decrease in cash and cash equivalents of $1,046,000 for the six months ended June 30, 2025 was primarily the result of $496,000 used in operating activities, $574,000 used in the purchase of mutual funds, offset by the sale and the redemption of investments of $24,000.
Current wording
The decrease in cash and cash equivalents of $1,303,000 for the nine months ended September 30, 2025 was primarily the result of $739,000 used in operating activities, $588,000 used in the purchase of mutual funds, offset by the sale and the redemption of investments of $24,000.