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DPLS on OTC

DarkPulse, Inc.

DarkPulse, Inc. is a prepackaged software services company, listed on OTC (DPLS).1 It is headquartered in Phoenix, Arizona.1

$0.00 up 0.00 (0.00%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

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  • TickerDPLS on OTC1
  • IndustryServices-Prepackaged Software1
  • HeadquartersPhoenix, Arizona1
  • Business address2325 E Camelback Rd, Suite 400, Phoenix, Az 850163
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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“us,” “our,” and the “Company” refer to DarkPulse, Inc., a Delaware corporation, and its subsidiaries.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

67.9%Gross margin5
-790.4%Operating margin5
-961.7%Net margin5
143.2%Revenue growth, 20255
-$66.5KFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Rest Of World brought in 87% of the revenue DarkPulse, Inc. broke down this way in fiscal 2025.

  1. Rest Of World$267.5K587%
  2. North America$41.0K513%
Regions by year
Regions20242025
Rest Of World$0$267.5K
North America$0$41.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue32¢$98.9K
  • Other costs68¢$209.6K

Out of $308.5K in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$308.5K in 2025
0$2.5M$5.0M$7.5M$10.0M2019: $0$020192020: $0$020202021: $7.8M$7.8M20212022: $9.1M$9.1M2022+17%2023: $2.0M$2.0M2023−78%2024: $126.8K$126.8K2024−94%2025: $308.5K$308.5K2025+143%
Gross profit789105$209.6K in 2025
-$6.0M-$4.0M-$2.0M0$2.0M2020: $0$020202021: $1.1M$1.1M20212022: -$5.4M-$5.4M20222023: -$425.8K-$425.8K2023−92%2024: $124.6K$124.6K20242025: $209.6K$209.6K2025+68%
Operating income6789105-$2.4M in 2025+346% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$546.2K-$546.2K20192020: -$258.7K-$258.7K2020−53%2021: -$8.8M-$8.8M2021+3320%2022: -$35.1M-$35.1M2022+296%2023: -$20.9M-$20.9M2023−40%2024: -$1.9M-$1.9M2024−91%2025: -$2.4M-$2.4M2025+30%
Net income6789105-$3.0M in 2025+63% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$1.8M-$1.8M20192020: -$275.8K-$275.8K2020−85%2021: -$4.7M-$4.7M2021+1601%2022: -$35.3M-$35.3M2022+652%2023: -$20.8M-$20.8M2023−41%2024: -$3.9M-$3.9M2024−81%2025: -$3.0M-$3.0M2025−24%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
REVENUES$308.5K$126.8K
COST OF REVENUES$98.9K$2.3K
GROSS PROFIT (LOSS)$209.6K$124.6K
Selling, general and administrative$879.7K$471.6K
Salaries, wages and payroll taxes$897.9K$824.6K
Professional fees$241.7K$516.8K
Depreciation and amortization$85.2K$128.5K
Bad debt expense$741.4K$59.8K
Impairment expense$24.0K$0
Gain on partial extinguishment of debt-$222.1K$0
TOTAL OPERATING EXPENSES$2.6M$2.0M
OPERATING LOSS-$2.4M-$1.9M
Interest expense-$135.8K-$628.1K
Loss on convertible notes$11.4K$0
Change in fair market of derivative liabilities-$407.6K-$60.3K
Loss on equity investment$0-$1.5M
Gain on the forgiveness of debt$181.1K$161.0K
Exceptional Costs Gain-$18.8K$12.6K
Gain/(Loss) on Disposal of Asset-$110.6K$0
Foreign currency exchange rate variance-$1.5K-$2.4K
TOTAL OTHER INCOME (EXPENSE)-$481.8K-$2.0M
Deferred tax expense-$5.6K$0
Net loss-$2.9M-$3.9M
Net loss attributable to non-controlling interests-$41.2K$10.4K
Net loss attributable to Darkpulse, Inc.-$3.0M-$3.9M
Net loss per share - basic-$0.04$0.00
Net loss per share - diluted-$0.04$0.00
Weighted Average Number of Shares Outstanding, Diluted72.0M shares8.2B shares

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Corporate structure

DarkPulse, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DarkPulse, Inc.

Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What DarkPulse, 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.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$610.4K5 Dec 31, 2025$1.2M5 Dec 31, 2024−47.9%
Accumulated depreciation$63.9K5 Dec 31, 2025$473.0K5 Dec 31, 2024−86.5%
Property and equipment, net$546.4K5 Dec 31, 2025$699.0K5 Dec 31, 2024−21.8%
Operating-lease assets (leased space)$05 Dec 31, 2025$449.6K5 Dec 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$62.8K5 Dec 31, 2025$86.5K5 Dec 31, 2024−27.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$05 Dec 31, 2025$24.0K5 Dec 31, 2024−100.0%
Intangible assets, net (excluding goodwill)$05 Dec 31, 2025$05 Dec 31, 2024
Accumulated amortization$010 Dec 31, 2024$195.4K10 Dec 31, 2023−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$010 Dec 31, 2024$010 Dec 31, 2023

Properties, in its own words

Our current office is located at 2325 E Camelback Rd, Suite 400, Phoenix, AZ 85016. The space is a virtual address which we began leasing in November of 2025. The Company occupies/ leases approx. 1,100 sqft office space in Dubai at the Silicon Oasis Free Trade Zone.

Item 2 of the 10-K filed Apr 14, 2026.4

Leadership

Who has led DarkPulse, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dennis M. O'Leary2019–2021
  2. Thomas A. Cellucci2019

Chief financial officer

  1. Stephen Goodman2019
20202025
Board members and other officers (3)

Former names

  • KLEVER MARKETING INCJun 20, 1997 to Jul 13, 20183

Timeline

  1. Oct 9, 20268-K Other events18
  2. Oct 1, 20268-K Regulation FD disclosure19
  3. Sep 24, 20268-K Change of auditor20
  4. Sep 17, 20268-K Change of auditor21
  5. Sep 10, 20268-K Entered a material agreement22
  6. Sep 8, 20268-K Regulation FD disclosure23
  7. Aug 20, 20268-K Entered a material agreement; New debt or obligation; Other events24
  8. Jul 6, 20268-K Regulation FD disclosure25
  9. Jun 11, 20268-K Regulation FD disclosure26
  10. May 7, 20268-K Entered a material agreement; Regulation FD disclosure27
  11. Apr 16, 20268-K Regulation FD disclosure28
  12. Mar 27, 20268-K Regulation FD disclosure29
  13. Feb 15, 2019New chief executive Thomas A. Cellucci becomes CEO15
  14. Feb 15, 2019New chief executive Dennis M. O'Leary becomes CEO14

Filings

226 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 127 major events, 1 insider forms, 1 large holders, 74 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Oct 1, 20268-K CURRENT REPORT EDGAR
  3. Sep 24, 20268-K/A AMENDMENT NO. 1 EDGAR
  4. Sep 17, 20268-K CURRENT REPORT EDGAR
  5. Sep 10, 20268-K CURRENT REPORT EDGAR
  6. Sep 8, 20268-K CURRENT REPORT EDGAR
  7. Aug 20, 20268-K EDGAR
  8. Aug 19, 202610-Q FORM 10-Q FOR JUNE 2026 EDGAR
  9. Aug 14, 2026NT 10-Q EXTENSION FOR JUNE 2026 10-Q EDGAR
  10. Jul 6, 20268-K CURRENT REPORT EDGAR
  11. Jun 24, 2026EFFECT EDGAR
  12. Jun 24, 2026424B3 EDGAR
  13. Jun 15, 2026S-1 REGISTRATION STATEMENT EDGAR
  14. Jun 11, 20268-K EDGAR
  15. May 20, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
  16. May 15, 2026NT 10-Q EXTENSION EDGAR
  17. May 14, 2026424B3 EDGAR
  18. May 13, 2026EFFECT EDGAR
  19. May 12, 2026POS AM POST-EFFECTIVE AMENDMENT NO 1 EDGAR
  20. May 7, 20268-K CURRENT REPORT EDGAR

The 226 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.

Stakes it holds

DarkPulse, Inc. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

SEC filer profile

How DarkPulse, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDarkPulse, Inc.1
  • CIK0000866439
  • Employer ID (EIN)87-04721094
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address2325 E Camelback Rd, Suite 400, Phoenix, AZ 850161
  • Phone800-436-14361
  • Shares outstanding226,544,189 as of Aug 19, 202612
  • Public float$4.4M as of Jun 30, 20254
  • AuditorBoladale Lawal & Co, Lagos, Nigeria PCAOB ID 6993; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 20, 19971
  • Filings590 in all: 8-K (232), 10-Q (56), 10QSB (36), NT 10-Q (30), 4 (21), 10-K (19), NT 10-K (16), UPLOAD (14)1
    All 41 form types

    10KSB (13), 3 (13), CORRESP (12), 5 (11), 8-K/A (11), EFFECT (11), SC 13D (10), 10-Q/A (9), 425 (7), PRE 14C (7), DEF 14C (6), POS AM (6), 424B4 (5), S-1 (5), S-1/A (5), 10-K/A (4), 424B3 (4), PRER14C (4), 424B5 (3), PRE 14A (3), 10KSB/A (2), DEF 14A (2), NTN 10K (2), S-3/A (2), 10QSB/A (1), 3/A (1), 4/A (1), DEFA14A (1), NTN 10Q (1), PX14A6G (1), S-3 (1), S-8 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Apr 14, 2026
    Quarterly report (10-Q) Aug 19, 2026
    Proxy statement (DEF 14A) Aug 24, 2001
    Latest 8-K (8-K) Oct 9, 2026

Risk factors and legal proceedings

The risks DarkPulse, Inc. names in Item 1A of its 10-K filed Apr 14, 2026: 54 risks under these headings, as written.4

  • Risks Related to Our Business
  • Our former wholly owned subsidiary, Optilan (UK) Limited, is in liquidation. As an unsecured creditor, we are at risk of losing significant repayment obligations due from Optilan (UK) Limited.
  • We may be adversely affected by natural disasters, pandemics, and other catastrophic events, and by man-made problems such as war or terrorism, that could disrupt our business operations, and our business continuity and disaster recovery plans may not adequately protect us from a serious disaster.
  • If we default on the Secured Debenture, the secured holder could take possession of our assets, including our patents and other intellectual property.
  • Our future growth depends significantly on our marketing efforts, and if our marketing efforts are not successful, our business and results of operations will be harmed.
  • Our stockholders have limited voting power compared to the holder of our Series A Preferred Stock.
  • Our management controls all corporate activities and can approve all transactions, including mergers, without the approval of other stockholders.
  • The ability of our management to control our business may limit or eliminate minority stockholders’ ability to influence corporate affairs.
  • We have made and expect to continue to make acquisitions that could disrupt our operations and harm our operating results.
  • Acquisitions, joint ventures or other strategic transactions create certain risks and may adversely affect our business, financial condition or results of operations.
  • Because of the unique difficulties and uncertainties inherent in technology development, we face a risk of business failure.
  • Successful technical development of our products does not guarantee successful commercialization.
The other 43 risks
  • If we do not effectively manage our growth and the associated demands on our operational, risk management, sales and marketing, technology, compliance and finance and accounting resources, our business may be adversely impacted.
  • We face intense and increasing competition and, if we do not compete effectively, our competitive positioning and our operating results will be harmed.
  • Cyberattacks and security breaches of our systems, or those impacting our customers or third parties, could adversely impact our brand and reputation and our business, operating results and financial condition.
  • We have a limited operating history in an evolving and highly volatile industry, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • Adverse economic conditions may adversely affect our business.
  • The nature of our business involves significant risks and uncertainties that may not be covered by insurance or indemnity.
  • Material weaknesses in our internal control over financial reporting may, until remedied, cause errors in our financial statements or cause our filings with the SEC to not be timely.
  • Being a public company is expensive and administratively burdensome.
  • If we fail to establish and maintain an effective system of internal control, we may not be able to report our financial results accurately or to prevent fraud. Any inability to report and file our financial results accurately and timely could harm our reputation and adversely impact the trading price of our common stock.
  • Public company compliance may make it more difficult to attract and retain officers and directors.
  • Delaware law and our Certificate of Incorporation and Bylaws will contain certain provisions, including anti-takeover provisions that limit the ability of stockholders to take certain actions and could delay or discourage takeover attempts that stockholders may consider favorable.
  • Risks Related to Our Financial Condition
  • If we do not obtain additional financing or sufficient revenues, our business will fail.
  • We might require additional capital to support business growth, and this capital might not be available or may require stockholder approval to obtain.
  • Our only existing commitment for financing is pursuant to Equity Financing Agreement with GHS Investments LLC but our ability to make puts is subject to certain conditions which may limit our ability to make puts or the amount of each put. In the event we are unable to make puts or obtain other commitments for financing, our business will fail.
  • We need to continue as a going concern if our business is to succeed.
  • There is no assurance that we will achieve or maintain profitability or that our revenue and business models will be successful.
  • We may be unable to submit a Purchase Order to our contract manufacturer on the anticipated timeline, which could materially delay the commercialization of our patented BOTDA technology.
  • We may be affected by fluctuations in currency exchange rates.
  • We may experience fluctuations in our quarterly operating results.
  • Changes in U.S. and foreign tax laws, as well as the application of such laws, could adversely impact our financial position and operating results.
  • If our estimates or judgment relating to our critical accounting policies prove to be incorrect, our operating results could be adversely affected.
  • Business metrics and other estimates are subject to inherent challenges in measurement, and our business, operating results, and financial condition could be adversely affected by real or perceived inaccuracies in those metrics.
  • We are subject to changes in financial reporting standards or policies, including as a result of choices made by us, which could materially adversely affect our reported results of operations and financial condition and may have a corresponding material adverse impact on capital ratios.
  • Risks Related to Our Employees and Other Service Providers
  • We are heavily reliant on Dennis O’Leary, our Chairman and Chief Executive Officer, and the departure or loss of Dennis O’Leary could disrupt our business.
  • If we are unable to recruit and retain key management, technical and sales personnel, our business would be negatively affected.
  • In the event of employee or service provider misconduct or error, our business may be adversely impacted.
  • Risks Related to Our Common Stock
  • You may experience dilution of your ownership interests because of the future issuance of additional shares of our common or preferred stock or other securities that are convertible into or exercisable for our common or preferred stock.
  • Because the SEC imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them. This means that investors may have difficulty reselling their shares and may cause the price of the shares to decline.
  • We do not expect to declare or pay any dividends.
  • Volatility of Stock Price.
  • You could lose all of your investment.
  • The ability of our Board of Directors to issue additional stock may prevent or make more difficult certain transactions, including a sale or merger of the Company.
  • Our stock may be traded infrequently and in low volumes, so you may be unable to sell your shares at or near the quoted bid prices if you need to sell your shares.
  • There currently is no active public market for our common stock and there can be no assurance that an active public market will ever develop. Failure to develop or maintain a trading market could negatively affect the value of our common stock and make it difficult or impossible for you to sell your shares.
  • Our common stock is subject to the “penny stock” rules of the SEC and the trading market in the securities is limited, which makes transactions in the stock cumbersome and may reduce the value of an investment in the stock.
  • Our stock price may be volatile.
  • Offers or availability for sale of a substantial number of shares of our common stock may cause the price of our common stock to decline.
  • The issuance of shares pursuant to the Settlement Agreement with GS Capital Partners, LLC may have a significant dilutive effect.
  • Risks Related to Government Regulation
  • Legislative and regulatory actions taken now or in the future may increase our costs and impact our business, governance structure, financial condition or results of operations.
  • The regulatory environment to which we are subject gives rise to various licensing requirements, legal and financial compliance costs and management time, and non-compliance could result in monetary and reputational damages, all of which could have a material adverse effect on our business, financial position and results of operations.
  • We are and may continue to be subject to litigation, including individual and class action lawsuits, as well as regulatory audits, disputes, inquiries, investigations and enforcement actions by regulators and governmental authorities.
  • Risks Related to Our Intellectual Property
  • Our intellectual property rights are valuable, and any inability to protect them could adversely impact our business, operating results, and financial condition.
  • In the future we may be sued by third parties for alleged infringement of their proprietary rights.

Legal proceedings

Carebourn Capital, L.P. v. DarkPulse, Inc.

On or about January 29, 2021, Carebourn Capital, L.P. (“Carebourn”) commenced an action against the Company in Minnesota State Court. Carebourn alleged that the Company was in breach of two convertible promissory notes sold to Carebourn on or about July 17, 2018 and July 24, 2018. Thereafter, the Company answered Carebourn’s complaint and asserted counterclaims under the Minnesota Securities Act.

On or about November 17, 2023, the State Court ruled in the Company’s favor on, among other things, its counterclaim for damages pursuant to Minnesota Securities Act and awarded the Company damages in the amount of $124,012.91, attorney’s fees in the amount of $239,923.33 and costs in the amount of $23,757.24 (or a total award in the amount of $387,693.48).

As of the date hereof, the final judgment remains unsatisfied by Carebourn. DarkPulse intends to continue to exercise all legal rights and remedies available to it to collect the amounts awarded should Carebourn fail to voluntarily pay the same.

The opening of Item 3, Legal Proceedings.4

Sources

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