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SPFX on OTC

STANDARD PREMIUM FINANCE HOLDINGS, INC.

STANDARD PREMIUM FINANCE HOLDINGS, INC. is an American miscellaneous business credit institution company based in Miami.1 Its shares trade on OTC under the symbol SPFX.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSPFX on OTC1
  • IndustryMiscellaneous Business Credit Institution1
  • HeadquartersMiami, Florida1
  • Incorporated inFL2
  • Business address13590 Sw 134Th Ave, #214, Miami, Fl 331862
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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Standard Premium Finance Management Corporation and Standard Premium Finance Leasing, Inc., on a consolidated basis.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

9.7%Net margin5
2.7%Revenue growth, 20255
14.3%Return on equity5
$2.9MFree cash flow5

What sells

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

Products and services

Finance charges brought in 88% of the revenue STANDARD PREMIUM FINANCE HOLDINGS, INC. broke down this way in fiscal 2025.

  1. Finance charges$11.0M588%up 4% from 2024
  2. Late charges$1.1M59%down 7% from 2024
  3. Origination fees$361.3K53%down 6% from 2024
Products and services by year
Products and services20242025
Finance charges$10.5M$11.0M
Late charges$1.2M$1.1M
Origination fees$384.1K$361.3K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs54¢$6.8M
  • Interest33¢$4.1M
  • Income tax3¢$378.3K
  • Profit10¢$1.2M

Out of $12.5M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$33.4K
  • Kept or used elsewhere99¢$2.9M

Out of $2.9M of cash from operations.5

Financial statements

Revenue67895$12.5M in 2025+94% since 2020
0$5.0M$10.0M$15.0M2020: $6.4M$6.4M20202021: $7.7M$7.7M2021+19%2022: $8.2M$8.2M2022+6%2023: $9.7M$9.7M2023+19%2024: $12.1M$12.1M2024+25%2025: $12.5M$12.5M2025+3%
Net income67895$1.2M in 2025+77% since 2020
0$500.0K$1.0M$1.5M2020: $687.4K$687.4K20202021: $876.3K$876.3K2021+27%2022: $806.1K$806.1K2022−8%2023: $532.4K$532.4K2023−34%2024: $980.0K$980.0K2024+84%2025: $1.2M$1.2M2025+24%

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

Period ending2025-12-312024-12-31
TOTAL REVENUES$12.5M$12.1M
Interest$4.1M$4.4M
Salaries and wages$2.2M$2.1M
Commissions$1.8M$1.4M
Provision for credit losses$1.3M$1.3M
Professional fees$281.9K$372.2K
Postage$123.3K$113.5K
Insurance$174.2K$171.0K
Other operating expenses$926.7K$935.9K
TOTAL COSTS AND EXPENSES$10.9M$10.8M
INCOME BEFORE INCOME TAXES$1.6M$1.3M
PROVISION FOR INCOME TAXES$378.3K$340.1K
NET INCOME$1.2M$980.0K
PREFERRED SHARE DIVIDENDS-$116.2K-$116.2K
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$1.1M$863.8K
Basic$0.37$0.29
Diluted$0.29$0.24
Basic3.0M shares2.9M shares
Diluted4.2M shares4.1M shares

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Corporate structure

STANDARD PREMIUM FINANCE HOLDINGS, INC. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • STANDARD PREMIUM FINANCE HOLDINGS, INC. Miami, Florida
    • Standard Premium Finance Leasing, Inc. Subsidiary · Florida, United States
    • Standard Premium Finance Management Corporation Subsidiary · Florida, 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 STANDARD PREMIUM FINANCE HOLDINGS, 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$388.6K5 Dec 31, 2025$379.7K5 Dec 31, 2024+2.3%
Accumulated depreciation$273.0K5 Dec 31, 2025$245.5K5 Dec 31, 2024+11.2%
Property and equipment, net$115.6K5 Dec 31, 2025$134.2K5 Dec 31, 2024−13.9%
Finance-lease assets$12.2K5 Dec 31, 2025$25.4K5 Dec 31, 2024−52.2%
Operating-lease assets (leased space)$151.8K5 Dec 31, 2025$203.1K5 Dec 31, 2024−25.3%

Properties, in its own words

The corporate headquarters of the Company are located at 13590 SW 134th Avenue, Suite 214, Miami, Florida 33186. We lease our general office space at this location. In February 2024, the Company renewed this lease until February 28, 2027, including the one-year renewal option. We believe that our existing facilities are adequate for our operations and their locations allow us to efficiently serve our customers.

Item 2 of the 10-K filed Mar 20, 2026.4

Leadership

Who has led STANDARD PREMIUM FINANCE HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William Koppelmann2021–now

Chair

  1. William Koppelmann2021

Chief financial officer

  1. Brian Krogol2022–now
2025
Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Standard Premium Finance Leasing, Inc. Florida3
  • Standard Premium Finance Management Corporation Florida3

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

Timeline

  1. Jul 21, 20268-K Shareholder vote27
  2. Jun 16, 20268-K Shareholder vote28
  3. Apr 28, 20268-K Other events29
  4. Mar 31, 20268-K Change of auditor30
  5. Dec 29, 20258-K Other events31
  6. Nov 13, 20258-K Shareholder vote32
  7. Oct 1, 20258-K Completed an acquisition or sale33
  8. Jul 31, 20258-K Other events34
  9. Jul 24, 20258-K Results of operations35
  10. May 28, 20258-K Entered a material agreement; New debt or obligation; Other events36
  11. Apr 21, 20258-K Change of auditor37
  12. Apr 2, 20258-K Executive or director change38
  13. Mar 30, 2021New chief executive William Koppelmann becomes CEO12

Calendar

When it reported results

  1. Jul 24, 2025Reported quarterly or annual results35
  2. Aug 19, 2024Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

85 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 25 major events, 27 insider forms, 2 private raises, 11 other. The latest 20:

  1. Aug 10, 202610-Q EDGAR
  2. Jul 21, 20268-K/A CURRENT REPORT EDGAR
  3. Jun 16, 20268-K CURRENT REPORT EDGAR
  4. May 29, 20264 EDGAR
  5. May 26, 20264 EDGAR
  6. May 21, 20264 EDGAR
  7. May 11, 202610-Q EDGAR
  8. Apr 28, 20268-K CURRENT REPORT EDGAR
  9. Apr 20, 2026DEFA14A DEFINITIVE 14A ADDITIONAL MATERIALS EDGAR
  10. Apr 20, 2026DEF 14A DEFINITIVE 14A EDGAR
  11. Apr 3, 2026PRE 14A EDGAR
  12. Mar 31, 20268-K CURRENT REPORT EDGAR
  13. Mar 20, 202610-K ANNUAL REPORT EDGAR
  14. Dec 29, 20258-K CURRENT REPORT EDGAR
  15. Dec 15, 20254 EDGAR
  16. Nov 26, 20254 EDGAR
  17. Nov 25, 20254 EDGAR
  18. Nov 19, 20254 EDGAR
  19. Nov 13, 20258-K CURRENT REPORT EDGAR
  20. Nov 12, 202510-Q EDGAR

The 85 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.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 18 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 28, 2026Hoechner Carl ChristianDirectorBuy100$2.13$213Form 4
May 22, 2026Hoechner Carl ChristianDirectorBuy38$2.00$76Form 4
May 21, 2026Hoechner Carl ChristianDirectorBuy300$2.25$675Form 4
Dec 10, 2025Koppelmann WilliamCEOBuy1,000$1.91$1.9KForm 4
Nov 25, 2025Hoechner Carl ChristianDirectorBuy100$1.95$195Form 4
Nov 21, 2025Krogol BrianCFOBuy1,120$2.29$2.6KForm 4
Nov 18, 2025Hoechner Carl ChristianDirectorBuy100$2.25$225Form 4
Dec 10, 2024Koppelmann WilliamCEOBuy2,500$1.70$4.2KForm 4
Nov 18, 2024Krogol BrianCFOBuy2,000$1.30$2.6KForm 4
Oct 16, 2024Hoechner Carl ChristianDirectorBuy100$1.35$135Form 4
Sep 6, 2024Hoechner Carl ChristianDirectorBuy224$1.50$336Form 4
Aug 23, 2024Hoechner Carl ChristianDirectorBuy200$1.75$350Form 4
Aug 22, 2024Hoechner Carl ChristianDirectorBuy500$1.75$875Form 4
Aug 22, 2024Krogol BrianCFOBuy200$1.75$350Form 4
Aug 21, 2024Krogol BrianCFOBuy1,600$1.72$2.8KForm 4
Apr 18, 2023Leavitt JohnDirectorBuy1,000$6.03$6.0KForm 4
Jul 1, 2022Hoechner Carl ChristianDirectorSale100Form 4
Jun 29, 2022Hoechner Carl ChristianDirectorBuy100Form 4
Jan 21, 2022Krogol BrianCFOBuy2,000$10.00$20.0KForm 4

From Forms 4 filed with the SEC.

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.

YearExecutiveAgeSalaryTotal pay
2025William Koppelmann,$275.0K$384.8K40
2025Brian Krogol$175.0K$244.5K40
2025Victor Galliano$183.9K$185.4K40
2024Chief Executive Officer$275.0K$282.2K40
2024Vice President of Sales$192.1K$193.6K40
2024Chief Financial Officer$175.0K$179.6K40

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$462.5K 2022–2024
Money received by yearMoney received by year, 2022–2024: $462.5K in all. Private raises (Form D) $462.5K.$0$100K$200K$300K$400K2022 · Private raises (Form D): $400.0K202220232024 · Private raises (Form D): $62.5K2024
Figures by year
YearPrivate raises (Form D)Total
2024$62.5K$62.5K
2022$400.0K$400.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 1, 2024Raised $62,500 in a private offering of debt41 Form D: $10 million offered in all Form D
  2. Apr 30, 2022Raised $400,000 in a private offering of equity42 Form D: 4 investors so far Form D

SEC filer profile

How STANDARD PREMIUM FINANCE HOLDINGS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSTANDARD PREMIUM FINANCE HOLDINGS, INC.1
  • CIK0001807893
  • Employer ID (EIN)81-26240944
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inFlorida4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6159 Miscellaneous Business Credit Institution1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address13590 Sw 134Th Ave, #214, Miami, FL 331861
  • Phone(305) 232-27521
  • Shares outstanding2,930,134 as of Aug 10, 202611
  • Public float$3.6M as of Jun 30, 20254
  • AuditorStephano Slack LLC, Wayne, Pennsylvania PCAOB ID 3523; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 19, 20211
  • Filings114 in all: 4 (29), 8-K (24), 10-Q (17), 3 (14), 10-K (6), DEF 14A (5), DEFA14A (5), 10-12G/A (3)1
    All 14 form types

    UPLOAD (3), 8-K/A (2), CORRESP (2), D (2), 10-12G (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 20, 2026
    Latest 8-K (8-K) Jun 16, 2026

Risk factors and legal proceedings

The risks STANDARD PREMIUM FINANCE HOLDINGS, INC. names in Item 1A of its 10-K filed Mar 20, 2026: 29 risks under these headings, as written.4

  • We depend on the availability of significant amounts of credit to meet our liquidity needs and our failure to maintain our sources of credit could materially and adversely affect our liquidity in the future.
  • If our growth requires us to raise additional capital, that capital may not be available when it is needed, or the cost of that capital may be very high.
  • Our reliance on third party insurance agents and brokers to originate our premium finance loans may result in increased exposure to credit risk and fraud.
  • If our allowance for credit losses is not sufficient to absorb losses that may occur in our loan portfolio, our financial condition and liquidity could suffer.
  • Failures of our information technology systems may adversely affect our operations.
  • If we are unable to attract and retain experienced and qualified personnel, our ability to provide high quality service will be diminished, we may lose key customer relationships, and our results of operations may suffer.
  • Our lack of contractual marketing relationships with our loan referral base could adversely affect our revenue, profits and financial condition.
  • Since our business is concentrated in Florida, Georgia, North Carolina, South Carolina, and Texas, declines in the economy of these states could adversely affect our business.
  • Competition in the insurance premium finance industry is intense, and some of our competitors have greater financial, technological and other resources than we currently possess. If we are not able to compete effectively, we may lose market share and our business could suffer.
  • If we fail to establish and maintain proper and effective internal control over financial reporting, our operating results and our ability to operate our business could be harmed.
  • We do not anticipate that we will pay any cash dividends on our common stock in the foreseeable future.
  • Our common stock began trading on the OTCQX on March 21, 2022 and there is no assurance that an active market will develop or be maintained.
The other 17 risks
  • We may not realize the anticipated benefits of any acquisitions that we are able to complete.
  • We may not be able to make future acquisitions without obtaining additional financing.
  • Compliance with securities laws.
  • We depend on the accuracy and completeness of information we receive about our customers and counterparties to make credit decisions. Reliance on inaccurate or misleading information may adversely affect our business, operations, and financial condition.
  • Certain protective provisions of our Series A Convertible Preferred Stock may prevent us from entering into certain transactions, issuing certain securities or making changes in the rights, preferences, privileges, qualifications, limitations or restrictions of, or applicable to, the Series A Preferred Stock which may be beneficial to the holders of our common stock.
  • We may cause the Series A Convertible Preferred Stock to be converted into common stock which may reduce the price of our common stock.
  • Particular Risks Associated with the Specialized Insurance Premium Services Industry
  • Our premium finance business may involve a higher risk of delinquency or collection than other lending operations and could expose us to losses.
  • A Decline in the Economy in General May Result in a Decrease in Loan Originations.
  • Increases in the Secured Overnight Financing Rate may reduce the profitability of our loans.
  • Changes in Insurance Law may adversely affect our business.
  • Aggressive Marketing by our Competitors may adversely affect our business.
  • Insurance Company Insolvency may cause us losses.
  • We may experience cash flow problems due to delays in receiving proceeds from our bank loan or premium finance loan documentation.
  • Business Interruption from natural disasters, including hurricanes and pandemics.
  • Insurance Company Concentration
  • Our dependance on Insurance Agents may expose us to losses.
  • Liability Arising from Wrongful Cancellation of an Insurance Policy

Sources

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