CirTran Corporation Reports Mixed Financial Results for Q3 and Nine Months of 2025

CirTran Corporation has reported its financial results for the third quarter and the first nine months of 2025, revealing a mixed performance in revenue and profitability. For the three months ended September 30, 2025, the company generated net sales of $448,492, a significant increase of 75.1% compared to $256,070 in the same period last year. However, for the nine months ended September 30, 2025, net sales were $1,077,743, a marginal increase of 0.2% from $1,075,952 in the prior year. The gross profit for the third quarter was $177,826, up from $125,998, while the gross profit for the nine-month period decreased to $533,062 from $619,419.

The company’s operating expenses for the third quarter were $344,330, slightly lower than the $348,223 reported in the same quarter of 2024. Notably, selling, general, and administrative expenses decreased by 7.8% to $201,461, attributed to reduced marketing and promotional spending. Despite these reductions, CirTran reported a net loss from continuing operations of $406,208 for the third quarter, a decrease from a loss of $861,272 in the prior year. For the nine-month period, the net loss from continuing operations was $1,048,292, down from $1,698,946 in 2024.

In terms of operational developments, CirTran has continued to focus on its manufacturing and distribution agreement for HUSTLER®-branded products, which has contributed to increased sales in its vapor product line. The company reported a working capital deficit of approximately $22.9 million as of September 30, 2025, with total current assets of $1.66 million against current liabilities of $24.56 million. The accumulated deficit has risen to $62.78 million, raising concerns about the company's ability to continue as a going concern.

CirTran's balance sheet reflects total assets of $1,917,044, up from $1,532,332 at the end of 2024, primarily due to increases in inventory and accounts receivable. The company has also seen a notable increase in short-term advances payable to related parties, which rose to $1,104,000 from $22,452. The total liabilities increased to $27,460,669, compared to $25,937,893 at the end of the previous fiscal year.

Looking ahead, CirTran's management has indicated that the company will continue to seek ways to generate revenue and reduce expenses. The company may need to raise additional capital to support its operations and growth initiatives, as it has historically relied on shareholder loans and advances. The outlook remains cautious, with management acknowledging the challenges posed by its current financial position and the need for strategic decisions to ensure future viability.