1847 Holdings LLC, an acquisition holding company, reported total revenues of $48,272,312 for the year ended December 31, 2025, a substantial increase from $15,710,330 in 2024. The company achieved a net income from continuing operations of $66,480,957 in 2025, a significant improvement from a net loss of $106,804,254 in 2024. Operating income for 2025 was $3,981,712, a positive shift from an operating loss of $11,998,244 in 2024. Net cash provided by operating activities from continuing operations was $3,359,054 in 2025, compared to net cash used of $14,635,636 in 2024. The construction segment (Kyles, ICD, CMD) accounted for 97.6% of total revenues in 2025, up from 76.1% in 2024. Kyles' revenue increased by 24.0% to $6,593,218 in 2025, with gross margin improving to 43.8%. CMD, acquired on December 16, 2024, contributed $40,467,946 in revenues for 2025, with a gross margin of 51.7%. ICD's revenue decreased by 99.4% to $33,971 in 2025 due to strategic repositioning and relocation of operations. Wolo's (automotive supplies) revenue decreased by 68.6% to $1,177,177 in 2025, and its gross margin fell to 6.0%, attributed to working capital constraints and operational repositioning. The company's auditors issued a going concern opinion due to an accumulated deficit of $109,599,852, a working capital deficit of $43,065,927, and significant near-term debt maturities as of December 31, 2025. Management identified material weaknesses in internal control over financial reporting, including lack of written documentation, insufficient personnel for segregation of duties, and ineffective IT general controls. The company's common shares were delisted from NYSE American on April 3, 2025, and commenced quotation on the OTCID Market on October 15, 2025. Significant potential dilution exists from 1,266,178,648 common shares issuable upon warrant exercise and 561,139,204 common shares upon conversion of secured convertible promissory notes.