It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
Hover or tap a dot to see the filings behind that score.
Spirit Aviation Holdings, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, by the prescribed due date without unreasonable effort or expense. The Company’s emergence from bankruptcy on March 12, 2025 (the “Emergence Date”) requires the Company to apply “fresh start” accounting to its consolidated financial statements and related disclosures, which requires the Company to establish a new successor reporting entity, separate its current reporting period between “predecessor” and “successor” period, and reflect a new basis of accounting which requires the Company to determine new fair values for the new reporting entity’s assets, liabilities and equity as of the Emergence Date. The Company’s resource limitations and the complex calculations required to implement fresh start accounting, which does not provide for a measurement period that extends beyond the emergence date like business combinations accounted for under ASC 805, have delayed the preparation of the financial statements. The Company will work diligently to file the Form 10-Q and while the Company cannot provide assurance as to the date on which the Form 10-Q will be filed, the Company currently expects to file on or before the end of May 2025
NT 10-Q, filed 2025-05-12 · acquisition or merger
Spirit Aviation Holdings, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, by the prescribed due date without unreasonable effort or expense. The Company’s emergence from bankruptcy on March 12, 2025 (the “Emergence Date”) requires the Company to apply “fresh start” accounting to its consolidated financial statements and related disclosures, which requires the Company to establish a new successor reporting entity, separate its current reporting period between “predecessor” and “successor” period, and reflect a new basis of accounting which requires the Company to determine new fair values for the new reporting entity’s assets, liabilities and equity as of the Emergence Date. The Company’s resource limitations and the complex calculations required to implement fresh start accounting, which does not provide for a measurement period that extends beyond the emergence date like business combinations accounted for under ASC 805, have delayed the preparation of the financial statements. The Company will work diligently to file the Form 10-Q and while the Company cannot provide assurance as to the date on which the Form 10-Q will be filed, the Company currently expects to file on or before the end of May 2025
Spirit Airlines, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the “Q3 2024 Form 10-Q”) by the prescribed due date without unreasonable effort or expense. As previously disclosed, the Company has been in active and constructive discussions with holders of its senior secured notes due 2025 and convertible senior notes due 2026 (collectively, the “Noteholders”) with respect to restructuring the obligations owed by the Company to the Noteholders, as well as exploring strategic alternatives and other ways to improve liquidity for the Company. The negotiations, with a supermajority of the Noteholders, have remained productive, have advanced materially and are continuing in the near term, but have also diverted significant management time and internal resources from the Company’s processes for reviewing and completing its financial statements and related disclosures. If a definitive agreement with such Noteholders is reached and documented, it would be effectuated through a statutory restructuring that is not expected to impair general unsecured creditors, employees, customers, vendors, suppliers, aircraft lessors or holders of secured aircraft indebtedness, but, if effectuated, is expected to lead to the cancellation of the Company’s existing equity. If a definitive agreement with the Noteholders is not reached, the Company will consider all alternatives
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice