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KANP on OTC

KAANAPALI LAND LLC

KAANAPALI LAND LLC is a land subdividers and developers company, listed on OTC (KANP).1 It is headquartered in Chicago, Illinois.1

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Last updated Oct 21, 2026.

Overview

Compare with International Land Alliance Inc., Community Redevelopment Inc. or STRATUS PROPERTIES INC, or pick any stock.

  • TickerKANP on OTC1
  • IndustryLand Subdividers & Developers (No Cemeteries)1
  • HeadquartersChicago, Illinois1
  • Business addressC/O Jmb Realty Corp, 900 North Michigan Ave, Chicago, Il 606112
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Kaanapali Development Corp.). Kaanapali Land has elected to be taxable as a corporation.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

-326.8%Operating margin5
-226.5%Net margin5
-15.7%Revenue growth, 20255
-4.8%Return on equity5
-$7.5MFree cash flow5

What sells

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

Business segments

Agriculture brought in 57% of the revenue KAANAPALI LAND LLC broke down this way in fiscal 2025.

  1. Agriculture$435.0K557%up 100% from 2024
  2. Property$333.0K543%up 7% from 2024
Business segments by year
Business segments20242025
Agriculture$217.0K$435.0K
Property$311.0K$333.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue24¢$1.9M
  • Selling, general and admin64¢$5.0M
  • Income tax12¢$968.0K

Out of $1.6M in revenue.5 The company lost money this year.

Financial statements

Revenue67895$1.6M in 2025−61% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $4.2M$4.2M20192020: $3.4M$3.4M2020−20%2021: $4.8M$4.8M2021+42%2022: $9.2M$9.2M2022+94%2023: $5.3M$5.3M2023−43%2024: $2.0M$2.0M2024−63%2025: $1.6M$1.6M2025−16%
Operating income7895-$5.4M in 2025−2% since 2020
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2020: -$5.5M-$5.5M20202021: $44.0K$44.0K20212022: $515.0K$515.0K2022+1070%2023: $50.0K$50.0K2023−90%2024: -$7.5M-$7.5M20242025: -$5.4M-$5.4M2025−29%
Net income67895-$3.7M in 2025+3% since 2019
-$4.0M-$2.0M0$2.0M$4.0M2019: -$3.6M-$3.6M20192020: -$3.7M-$3.7M2020+3%2021: $245.0K$245.0K20212022: $2.9M$2.9M2022+1063%2023: $3.7M$3.7M2023+30%2024: -$1.1M-$1.1M20242025: -$3.7M-$3.7M2025+242%

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

Period ending2025-12-312024-12-31
Sales and lease income$623.0K$506.0K
Interest and other income$1.0M$1.4M
Revenues$1.6M$2.0M
Cost of sales$1.9M$2.8M
Selling, general and administrative$5.0M$6.5M
Depreciation and amortization$133.0K$205.0K
OperatingCostAndExpense$7.0M$9.5M
Operating loss before other income and income taxes-$5.4M-$7.5M
Crop insurance proceeds$682.0K
Net gain on property damage and lost profits, net of insurance claims$6.2M
NonoperatingIncomeExpense$682.0K$6.2M
Loss before income taxes-$4.7M-$1.3M
Income tax benefit$968.0K$210.0K
Net loss-$3.7M-$1.1M
Net income (loss) per share - basic-$2.02-$0.59
Net income (loss) per share - diluted-$2.02-$0.59

Compare KAANAPALI LAND LLC with another company

Corporate structure

KAANAPALI LAND LLC sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • KAANAPALI LAND LLC Chicago, Illinois
    • 10. Subsidiary · Hawaii, United States
    • 11. Subsidiary · Delaware, United States
    • 12. Subsidiary · Hawaii, United States
    • 13. Subsidiary · Delaware, United States
    • 14. Subsidiary · Delaware, 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 KAANAPALI LAND LLC 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$69.6M5 Dec 31, 2025$68.2M5 Dec 31, 2024+2.2%
Accumulated depreciation$5.3M5 Dec 31, 2025$5.2M5 Dec 31, 2024+3.3%
Property and equipment, net$64.3M5 Dec 31, 2025$63.0M5 Dec 31, 2024+2.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$15.8M5 Dec 31, 2025$23.1M5 Dec 31, 2024−31.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.9M5 Dec 31, 2025

Properties, in its own words

Land Holdings

The major real properties owned by the Company are described under Item 1. Business. The Company believes that its real properties are adequate and suitable for its business as presently conducted.

Item 2 of the 10-K filed Mar 25, 2026.4

Leadership

Who has led KAANAPALI LAND LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gary Nickele2008

President

  1. Gary Nickele2008

Chief financial officer

  1. Gailen J. Hull2008
2010201520202025
Board members and other officers (2)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 10. Hawaii3
  • 11. Delaware3
  • 12. Hawaii3
  • 13. Delaware3
  • 14. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 13, 20268-K Completed an acquisition or sale17
  2. Dec 6, 20248-K Other events18
  3. Jun 18, 20248-K Entered a material agreement19
  4. Jun 5, 20248-K Entered a material agreement20
  5. Oct 16, 20238-K Other events21
  6. May 19, 2008New chief executive Gary Nickele becomes CEO13

Filings

26 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 5 major events, 1 other. The latest 20:

  1. Aug 13, 202610-Q QUARTERLY REPORT EDGAR
  2. May 13, 202610-Q KAANAPALI LAND - FORM 10-Q - 3/31/2026 EDGAR
  3. Mar 25, 202610-K KAANAPALI LAND - FORM 10-K - 2025 EDGAR
  4. Mar 13, 20268-K KAANAPALI LAND - FORM 8-K - 3-10-2026 EDGAR
  5. Nov 17, 202510-Q KAANAPALI - FORM 10-Q 9/30/2025 EDGAR
  6. Aug 13, 202510-Q KAANAPALI - FORM 10-Q - 6/30/2025 EDGAR
  7. May 14, 202510-Q KAANAPALI - FORM 10-Q - 3/2025 - AS FILED 5/14/2025 EDGAR
  8. Mar 24, 202510-K KAANAPALI LAND LLC - FORM 10-K - 2024 - FILED 3-24-2025 EDGAR
  9. Dec 6, 20248-K KAANAPALI FORM 8-K - FILE DATE 12-6-2024 EDGAR
  10. Nov 12, 202410-Q KAANAPALI LAND LLC - FORM 10-Q - 9/30/2024 EDGAR
  11. Aug 13, 202410-Q KAANAPALI - FORM 10-Q - 6/30/2024 EDGAR
  12. Jun 18, 20248-K KAANAPALI - FORM 8-K - AS FILED 6/18/2024 EDGAR
  13. Jun 5, 20248-K KAANAPALI - FORM 8-K - 6-5-2024 EDGAR
  14. May 15, 202410-Q KAANAPALI LAND - FORM 10-Q - 3/31/2024 EDGAR
  15. Mar 27, 202410-K KAANAPALI LAND - FORM 10-K - 12/31/2023 EDGAR
  16. Nov 14, 202310-Q KAANAPALI LAND LLC - FORM 10-Q - 9/30/2023 EDGAR
  17. Oct 16, 20238-K KAANAPALI LAND - FORM 8-K - DATED 10/16/2023 EDGAR
  18. Aug 14, 202310-Q KAANAPALI LAND - FORM 10-Q - 6/30/2023 EDGAR
  19. May 15, 202310-Q KAANAPALI LAND - FORM 10-Q - 3/31/2023 EDGAR
  20. Apr 11, 202310-K KAANAPALI LAND - FORM 10-K - 12-31-2022 EDGAR

The 26 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.

SEC filer profile

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

  • Name on EDGARKAANAPALI LAND LLC1
  • CIK0001230058
  • Employer ID (EIN)01-07319974
  • Filer statusNon-accelerated filer a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6552 Land Subdividers & Developers (No Cemeteries)1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressC/O Jmb Realty Corp, 900 North Michigan Ave, Chicago, IL 606111
  • Mailing address900 North Michigan Ave, Chicago, IL 606111
  • Phone312-915-19871
  • Shares outstanding1,792,613 as of Aug 13, 202611
  • Public float$0 as of Jun 30, 20255
  • AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 2484
  • On EDGAR sinceMay 1, 20031
  • Filings155 in all: 10-Q (70), 10-K (23), 8-K (22), NT 10-Q (9), 3 (5), 4 (4), NT 10-K (4), SC 13D (4)1
    All 19 form types

    10-12G/A (3), 10-K/A (2), 10-12G (1), 144 (1), 8-K/A (1), SC 13D/A (1), SC 13E3 (1), SC 14D9 (1), SC TO-T (1), SC TO-T/A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Mar 13, 2026

Securities registered for trading

ClassSymbolExchange
N/ANONE

From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks KAANAPALI LAND LLC names in Item 1A of its 10-K filed Mar 25, 2026: 1 risk under these headings, as written.4

  • Risks Related to Hawaiian Real Estate and Development Markets
  • Risks Relating to Natural Events
  • Risks Relating to Agriculture
  • Risks Relating to Hawaiian, U.S. and World Economies Generally
  • Environmental Risks and Environmental Regulations
  • Risks Relating to the Company’s Shares

Legal proceedings

The information set forth under the “Commitments and Contingencies” section in Note 6 to the consolidated financial statements, included in Part II, Item 8 of this report, is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events