Turning Point Brands, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
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Table of Contents
TURNING POINT BRANDS, INC.
TABLE OF CONTENTS
| Page No. | ||
|---|---|---|
| PART I | ||
| ITEM 1. | Business | 4 |
| ITEM 1A. | Risk Factors | 15 |
| ITEM 1B. | Unresolved Staff Comments | 34 |
| ITEM 1C. | Cybersecurity | 34 |
| ITEM 2. | Properties | 36 |
| ITEM 3. | Legal Proceedings | 36 |
| ITEM 4. | Mine Safety Disclosures | 36 |
| PART II | ||
| ITEM 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 37 |
| ITEM 6. | Selected Financial Data | 37 |
| ITEM 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 38 |
| ITEM 7A. | Quantitative and Qualitative Disclosures About Market Risk | 51 |
| ITEM 8. | Financial Statements and Supplementary Data | 52 |
| ITEM 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 88 |
| ITEM 9A. | Controls and Procedures | 88 |
| ITEM 9B. | Other Information | 88 |
| ITEM 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 88 |
| PART III | ||
| ITEM 10. | Directors, Executive Officers and Corporate Governance | 89 |
| ITEM 11. | Executive Compensation | 89 |
| ITEM 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 89 |
| ITEM 13. | Certain Relationships and Related Transactions, and Director Independence | 89 |
| ITEM 14. | Principal Accountant Fees and Services | 89 |
| PART IV | ||
| ITEM 15. | Exhibits and Financial Statement Schedules | 90 |
| Signatures | 94 | |
Cautionary Note Regarding Forward-Looking Statements
This annual report on Form 10-K (this “Annual Report”) contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified using words such as “anticipate,” “believe,” “expect,” “intend,” “plan” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Some, but not all, of these risks are described under Item 1A “Risk Factors” and elsewhere throughout this Annual Report. As a result, actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by us in this Annual Report on Form 10-K speaks only as of the date hereof. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect it. We have no obligation, and do not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.
PART I
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.