Hansen & Adkins, Inc. has filed audited consolidated financial statements for the fiscal years ended December 31, 2025, and December 31, 2024, disclosing total sales of $345,203,677 for the most recent period. The filing, submitted as an amendment to a Form 8-K, provides a detailed look at the company’s financial position following a year of significant balance sheet expansion.
The audit was conducted by Windes, Inc., based in Long Beach, California. In their report dated April 13, 2026, the auditors issued an opinion that the consolidated financial statements present fairly, in all material respects, the financial position of Hansen & Adkins and its subsidiaries in accordance with U.S. generally accepted accounting principles. The firm stated that the audit evidence obtained was sufficient and appropriate to provide a basis for this opinion.
The balance sheet reflects a substantial increase in total assets, which rose from $82,209,217 at the end of 2024 to $108,124,363 as of December 31, 2025.
On the income statement side, sales increased from $317,111,314 in 2024 to $345,203,677 in 2025. The company’s accumulated deficit improved from $(34,940,785) to $(28,169,698). Consequently, the stockholders’ deficit attributable to Hansen & Adkins narrowed from $(13,905,137) to $(7,134,050).
The filing includes standard disclosures regarding management’s responsibilities for internal control and the preparation of financial statements. Windes, Inc. noted that they are not responsible for expressing an opinion on the effectiveness of the company’s internal control over financial reporting. The documents also detail the responsibilities of those charged with governance and the communication requirements between auditors and management.