Mentor Capital, Inc. reported its financial results for the second quarter and first half of 2026, revealing a decline in revenue and an increase in operating losses compared to the same periods in 2025. For the three months ended June 30, 2026, the company generated total revenue of $65,595, down from $75,000 in the prior year. The six-month revenue also increased to $108,363 from $77,000 year-over-year. Despite the revenue increase for the six-month period, the company recorded a net loss of $202,330 for the second quarter, compared to a loss of $233,702 in the same quarter of 2025. The loss per share for the second quarter was $(0.008), an improvement from $(0.011) in the previous year.
The company’s selling, general, and administrative expenses for the second quarter decreased slightly to $197,439 from $201,733 in the prior year, while expenses for the first half of 2026 rose significantly to $500,588, up from $397,708. This increase was attributed to higher costs associated with officer salaries, board fees, and severance taxes. Other income and expenses showed improvement, with a net expense of $(70,486) for the second quarter, down from $(106,969) in the previous year, primarily due to gains from the sale of gold investments.
Mentor Capital's balance sheet as of June 30, 2026, showed total assets of $2,516,439, a decrease from $2,859,843 at the end of 2025. Current assets fell to $1,202,091, driven by declines in cash and investments in securities. The company’s liabilities increased to $573,794, up from $541,744, largely due to higher accrued salaries and benefits. Shareholders' equity also decreased to $1,942,645 from $2,318,099, reflecting the ongoing net losses.
Strategically, Mentor Capital has focused on its energy sector investments, acquiring fractional, non-operating royalty interests in oil and gas properties in the Permian Basin in March 2025. The company continues to explore opportunities in the classic energy sectors, including oil, gas, coal, and uranium, while also maintaining investments in gold as a hedge against inflation. The company’s management expressed optimism about future growth, indicating plans to raise additional capital to support acquisitions and investments, with sufficient resources to execute its business plan for the next three years.
About Mentor Capital, Inc.
Mentor Capital, Inc. is an investment company focused on acquiring and partnering with energy sector businesses, including oil, gas, coal, and uranium. It manages diverse investments, including energy stocks and royalties, and previously operated in facilities management and biotech sectors. The company generates revenue through strategic investments, acquisitions, and asset sales, leveraging its long-standing industry experience and a focus on energy markets.
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