Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Hotel Rooms brought in 87% of the revenue PORTSMOUTH SQUARE INC broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Hotel Rooms | $39.6M | $48.4M |
| Parking | $3.2M | $3.3M |
| Food and Beverage | $2.9M | $3.2M |
| Other Operating Departments | $639.0K | $930.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue78¢$43.3M
- Other costs16¢$9.1M
- Interest6¢$3.4M
- Income tax0¢$1.0K
Out of $55.8M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending56¢$2.2M
- Kept or used elsewhere44¢$1.7M
Out of $3.9M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Hotel revenue | $55.8M | $46.4M |
| Hotel operating expenses | -$43.3M | -$37.6M |
| Hotel depreciation and amortization expense | -$3.6M | -$3.5M |
| General and administrative expense | -$1.1M | -$1.3M |
| Total costs and operating expenses | -$48.0M | -$42.5M |
| Income from operations | $7.8M | $3.9M |
| Interest expense mortgage and mezzanine | -$9.7M | -$10.7M |
| Interest expense - related party | -$3.4M | -$3.6M |
| Net realized loss on marketable securities | -$10.0K | |
| Net unrealized gain on marketable securities | $73.0K | $13.0K |
| Gain on extinguishment of debt | $1.4M | |
| Dividend and interest income | $10.0K | |
| Trading and margin interest expense | -$152.0K | -$159.0K |
| Total other expense, net | -$13.2M | -$13.0M |
| Loss before income taxes | -$5.4M | -$9.1M |
| Income tax expense | -$1.0K | -$1.0K |
| Net loss | -$5.4M | -$9.1M |
| Basic net loss per share | -$7.37 | -$12.41 |
| Diluted net loss per share | -$7.37 | -$12.41 |
| Weighted average number of common shares outstanding - basic | 734.2K shares | 734.2K shares |
| Weighted average number of common shares outstanding - diluted | 734.2K shares | 734.2K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Investment in Hotel, net | $32.3M | $33.8M | |
| Investment in marketable securities | $200.0K | $127.0K | |
| Cash and cash equivalents | $5.0M | $4.5M | |
| Restricted cash | $8.4M | $7.3M | |
| Accounts receivable - Hotel, net | $250.0K | $397.0K | |
| Other assets | $721.0K | $891.0K | |
| Total assets | $46.9M | $46.9M | |
| Other notes payable | $1.4M | $2.0M | |
| Mortgage and mezzanine notes payable - Hotel, net | $102.5M | $101.5M | |
| Total liabilities | $176.5M | $171.0M | |
| Common stock, no par value: Authorized shares - 750,000; 734,187 shares issued and outstanding as of June 30, 2026 and 2025, respectively | $2.1M | $2.1M | |
| Accumulated deficit | -$131.6M | -$126.2M | |
| Total shareholders deficit | -$129.5M | -$124.1M | -$115.0M |
| Total liabilities and shareholders deficit | $46.9M | $46.9M | |
| Common stock, par value | $0 | $0 | |
| Common stock, shares authorized | 750.0K shares | 750.0K shares | |
| Common stock, shares issued | 734.2K shares | 734.2K shares | |
| Common stock, shares outstanding | 734.2K shares | 734.2K shares |
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Investment in Hotel, net | $32.3M | $33.8M | |
| Investment in marketable securities | $200.0K | $127.0K | |
| Cash and cash equivalents | $5.0M | $4.5M | |
| Restricted cash | $8.4M | $7.3M | |
| Accounts receivable - Hotel, net | $250.0K | $397.0K | |
| Other assets | $721.0K | $891.0K | |
| Total assets | $46.9M | $46.9M | |
| Other notes payable | $1.4M | $2.0M | |
| Mortgage and mezzanine notes payable - Hotel, net | $102.5M | $101.5M | |
| Total liabilities | $176.5M | $171.0M | |
| Common stock, no par value: Authorized shares - 750,000; 734,187 shares issued and outstanding as of June 30, 2026 and 2025, respectively | $2.1M | $2.1M | |
| Accumulated deficit | -$131.6M | -$126.2M | |
| Total shareholders deficit | -$129.5M | -$124.1M | -$115.0M |
| Total liabilities and shareholders deficit | $46.9M | $46.9M | |
| Common stock, par value | $0 | $0 | |
| Common stock, shares authorized | 750.0K shares | 750.0K shares | |
| Common stock, shares issued | 734.2K shares | 734.2K shares | |
| Common stock, shares outstanding | 734.2K shares | 734.2K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Net loss | -$5.4M | -$9.1M |
| Net unrealized gain on marketable securities | -$73.0K | -$13.0K |
| Amortization of other notes payable | -$566.0K | -$409.0K |
| Gain on extinguishment of debt | -$1.4M | |
| Depreciation and amortization | $3.6M | $3.5M |
| Amortization of debt issuance costs | $1.0M | $1.0M |
| Investment in marketable securities | $95.0K | |
| Accounts receivable - Hotel, net | $147.0K | $122.0K |
| Other assets | $171.0K | -$57.0K |
| Accounts payable and other liabilities - Hotel | $330.0K | $331.0K |
| Accounts payable and other liabilities | -$18.0K | -$1.3M |
| Accounts payable to related party | $4.7M | $5.1M |
| Net cash provided by (used in) operating activities | $3.9M | -$2.1M |
| Payments for hotel furniture, equipment and building improvements | -$2.2M | -$2.3M |
| Net cash used in investing activities | -$2.2M | -$2.3M |
| Issuance costs from refinance | -$2.1M | |
| Proceeds from mortgage and mezzanine notes payable | $78.8M | |
| Proceeds from related party note payable | $11.6M | |
| Payments of mortgage and finance leases | -$77.0M | |
| Net cash provided by financing activities | $11.3M | |
| Net increase in cash, cash equivalents, and restricted cash | $1.7M | $6.9M |
| Interest paid | $5.9M | $8.5M |
| Income taxes paid | $31.0K |
No quarter-by-quarter statement was filed.
Corporate structure
PORTSMOUTH SQUARE INC sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of PORTSMOUTH SQUARE INC
- John Winfield V. Filed SC 13D/A on PORTSMOUTH SQUARE INC, latest Jan 11, 2023
- PORTSMOUTH SQUARE INC Los Angeles, California
- Justice Mezzanine Company, LLC Subsidiary · Delaware, United States
- Justice Operating Company, LLC Subsidiary · Delaware, United States
- Justice Senior Pledgor, LLC Subsidiary · Delaware, United States
- Kearny Street Beverage Company, LLC Subsidiary · California, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What PORTSMOUTH SQUARE INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $32.3M2 Jun 30, 2026 | $33.8M2 Jun 30, 2025 | −4.3% |
| Real estate investments, at cost | $106.5M2 Jun 30, 2026 | $104.3M2 Jun 30, 2025 | +2.1% |
| Real estate accumulated depreciation | $74.1M2 Jun 30, 2026 | $70.5M2 Jun 30, 2025 | +5.2% |
Investments
Inventory
Properties, in its own words
SAN FRANCISCO HOTEL PROPERTY
The Hotel is owned by Portsmouth through its wholly owned subsidiary, Justice Operating Company, LLC (“Operating”). The Hotel is located at 750 Kearny Street in the Financial District of San Francisco, California, one block from the Transamerica Pyramid. The Embarcadero Center is within walking distance and North Beach is two blocks away, and is used by the Company’s Hotel Operations reportable segment.
The rest of Item 2
The Hotel is a 31-story (including parking garage), steel and concrete, A-frame building, built in 1970. The Hotel has 558 guest rooms and suites situated on 22 floors. During fiscal 2026, 14 former administrative office spaces were converted to guestrooms, which were added to the Hotel’s room inventory effective September 30, 2025.
The Hotel has a restaurant, lounge and private dining room totaling approximately 3,700 square feet, two kitchens servicing restaurant and banquet operations, a fitness center and a rooftop swimming pool that is not currently in operation. The third floor houses the Chinese Culture Center (the “CCC”), its administrative office, and a grand ballroom. The Hotel has approximately 22,000 square feet of meeting space, including the grand ballroom, and a five-level underground parking garage.
The pedestrian bridge formerly spanning Kearny Street between the Hotel and Portsmouth Square Park was removed on August 9, 2026. In connection with the removal, the Hotel was closed from July 31, 2026 through August 9, 2026 and resumed guest operations on August 10, 2026. See Note 15 – Subsequent Events to the Consolidated Financial Statements for additional information regarding the bridge removal and related post-removal repair work.
The Hotel is subject to a mortgage securing the Company’s $67.0 million senior mortgage loan. See Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and Note 9 – Mortgage and Mezzanine Loans to the Consolidated Financial Statements for additional information regarding the Company’s financing arrangements.
Item 2 of the 10-K filed Sep 28, 2026.13
Leadership
Who has led PORTSMOUTH SQUARE INC, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerJohn Winfield V. Mar 10, 2021 to Mar 10, 202114
- ChairJohn Winfield V. Mar 10, 2021 to Mar 10, 202114
- PresidentJohn Winfield V. Mar 10, 2021 to Mar 10, 202114
Board members and other officers (2)
- Treasurer and ControllerDanfeng Xu Nov 16, 2017 to Nov 16, 201715
- Board memberBabin C. Jerold Feb 18, 2020 to May 26, 202116
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Justice Mezzanine Company, LLC Delaware4
- Justice Operating Company, LLC Delaware4
- Justice Senior Pledgor, LLC Delaware4
- Kearny Street Beverage Company, LLC California4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 29, 20268-K Financial statements and exhibits17
- May 26, 20268-K Shareholder vote18
- May 11, 20268-K Financial statements and exhibits19
- Mar 27, 20268-K Change of auditor20
- Mar 23, 20268-K Change of auditor21
- Feb 17, 20268-K Financial statements and exhibits22
- Jan 9, 20268-K Executive or director change23
- Nov 17, 20258-K Financial statements and exhibits24
- Oct 9, 20258-K Financial statements and exhibits25
- May 22, 20258-K Shareholder vote26
- Mar 31, 20258-K Entered a material agreement27
- Jan 10, 20258-K Debt or obligation accelerated28
- Mar 10, 2021New chief executive John Winfield V. becomes CEO14
Filings
48 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 19 major events, 1 large holders, 7 other. The latest 20:
- Sep 29, 20268-K EDGAR
- Sep 28, 202610-K EDGAR
- May 26, 20268-K EDGAR
- May 11, 20268-K EDGAR
- May 11, 202610-Q EDGAR
- Apr 8, 2026DEF 14A EDGAR
- Mar 27, 20268-K EDGAR
- Mar 23, 20268-K EDGAR
- Feb 17, 20268-K EDGAR
- Feb 12, 202610-Q EDGAR
- Jan 9, 20268-K EDGAR
- Nov 17, 20258-K EDGAR
- Nov 12, 202510-Q EDGAR
- Oct 9, 20258-K EDGAR
- Sep 30, 202510-K EDGAR
- Sep 30, 2025NT 10-K EDGAR
- May 22, 20258-K EDGAR
- May 15, 202510-Q EDGAR
- Apr 8, 2025DEF 14A EDGAR
- Mar 31, 20258-K EDGAR
The 48 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- John Winfield V.SC 13D/A, 1 filing Jan 11, 202329
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | John V. Winfield | 79 | $433.0K | $433.0K30 |
| 2025 | David C. Gonzalez | 58 | $173.0K30 | |
| 2024 | Chairman and Chief Executive Officer | $433.0K | $433.0K30 | |
| 2024 | President | $173.0K30 |
SEC filer profile
How PORTSMOUTH SQUARE INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPORTSMOUTH SQUARE INC1
- CIK0000079661
- Employer ID (EIN)94-167411113
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company13
- Incorporated incalifornia13
- Fiscal year endsJune 301
- Industry code (SIC)6552 Land Subdividers & Developers (No Cemeteries)1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address11620 Wilshire Boulevard, Suite 350, Los Angeles, CA 900251
- Phone(310) 889-25111
- Shares outstanding734,187 shares as of Sep 28, 202613
- Public float$1.3M as of Dec 31, 202513
- AuditorWhitley Penn LLP, Dallas, Texas PCAOB ID 726; no auditor attestation of internal control over financial reporting13
- On EDGAR sinceMay 14, 19961
- Filings309 in all: 10-Q (57), 8-K (55), 10QSB (34), 4 (30), DEF 14A (30), 10-K (19), UPLOAD (15), CORRESP (13)1
All 19 form types
SC 13D/A (13), 10KSB (12), ARS (12), NT 10-K (6), NT 10-Q (3), 10-K/A (2), 10KSB/A (2), 10QSB/A (2), 5 (2), 3 (1), PRE 14A (1)
- Latest filingsAnnual report (10-K) Sep 28, 2026
Quarterly report (10-Q) May 11, 2026
Proxy statement (DEF 14A) Apr 8, 2026
Latest 8-K (8-K) Sep 29, 2026
Risk factors and legal proceedings
The risks PORTSMOUTH SQUARE INC names in Item 1A of its 10-K filed Sep 28, 2026: 10 risks under these headings, as written.13
- RISKS RELATED TO OUR HOTEL OPERATIONS
- Our results depend on a single hotel property in San Francisco and are highly sensitive to local demand and competitive conditions.
- The Hotel requires significant ongoing capital expenditures and compliance costs.
- We depend on third parties to operate and franchise the Hotel.
- Our heavily unionized Hotel workforce exposes us to increased labor costs and potential operating disruptions.
- Restoration work following removal of the pedestrian bridge and construction of permanent improvements to the Hotel entrance could result in additional costs or operational disruption.
- Our business is exposed to catastrophic events and insurance risks.
- Cybersecurity incidents could adversely affect our operations.
- RISKS RELATED TO FINANCING AND LIQUIDITY
- Our substantial indebtedness could adversely affect our financial condition.
- RISKS RELATED TO OUR OWNERSHIP AND COMMON STOCK
- Our common stock is quoted on the OTC Pink Open Market and may have limited liquidity and significant price volatility.
The other 1 risk
- InterGroup controls the Company and is also a significant creditor of the Company
Legal proceedings
The Company is not a party to any material pending legal proceedings required to be disclosed under Item 103 of Regulation S-K. See Note 14 – Commitments and Contingencies and Note 15 – Subsequent Events to the Consolidated Financial Statements for information regarding the Company’s dispute and arrangements with the City and County of San Francisco relating to the pedestrian bridge formerly connecting the Hotel to Portsmouth Square Park.
The opening of Item 3, Legal Proceedings.13
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARDanfeng Xu, Treasurer and Controller
- 16SEC EDGARBabin C. Jerold, Board member
- 17SEC EDGARFinancial statements and exhibits
- 18SEC EDGARShareholder vote
- 19SEC EDGARFinancial statements and exhibits
- 20SEC EDGARChange of auditor
- 21SEC EDGARChange of auditor
- 22SEC EDGARFinancial statements and exhibits
- 23SEC EDGARExecutive or director change
- 24SEC EDGARFinancial statements and exhibits
- 25SEC EDGARFinancial statements and exhibits
- 26SEC EDGARShareholder vote
- 27SEC EDGAREntered a material agreement
- 28SEC EDGARDebt or obligation accelerated
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- 30