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Midas Edge

EQUUS TOTAL RETURN, INC.

For the period ended Dec 31, 2025. Filed Apr 17, 2026.

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About this filing

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 Apr 17, 2026

EQS$0.53-17.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

PART I · Page
Item 1Business4
Item 1ARisk Factors12
Item 1BUnresolved Staff Comments24
Item 1CCybersecurity24
Item 2Properties25
Item 3Legal Proceedings25
Item 4Mine Safety Disclosures25
PART II
Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities25
Item 6[Reserved]27
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations27
Item 7AQuantitative and Qualitative Information About Market Risk37
Item 8Financial Statements and Supplementary Data38
Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure74
Item 9AControls and Procedures74
Item 9BOther Information76
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections76
PART III
Item 10Directors, Executive Officers and Corporate Governance76
Item 11Executive Compensation77
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters77
Item 13Certain Relationships and Related Transactions, and Director Independence77
Item 14Principal Accountant Fees and Services77
PART IV
Item 15Exhibits and Financial Statement Schedules77
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.