10-Q · May 11, 2026
Security National Financial Corporation reported a decrease in total revenues by 3.6% to $79.729 million in Q1 2026, compared to Q1 2025. Although the insurance and mortgage operations experienced declines, the cemetery…
Earnings analysis · 10-Q
SNFCA earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
The extracted filing does not include the quarterly income statement, balance sheet, cash-flow statement, or segment disclosures, so current revenue, margins, EPS, cash flow, and working-capital trends cannot be…
Read full summary
The extracted filing does not include the quarterly income statement, balance sheet, cash-flow statement, or segment disclosures, so current revenue, margins, EPS, cash flow, and working-capital trends cannot be assessed. The principal filing signal is negative: disclosure controls were ineffective as of June 30, 2026 because of an ongoing IT general-controls material weakness previously identified in the fourth quarter of 2025. Management is implementing remediation, while the 10b5-1 repurchase plan was terminated on June 16, 2026 after reaching its authorized limit.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Share Repurchases Continued
The Company repurchased 50,573 Class A shares during the three months ended June 30, 2026, at an average price of $9.43 per share.
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IT Control Remediation Underway
Management has begun remediation of the IT general-controls weakness by enhancing user-access controls and strengthening program-change controls for financial systems.
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No Material Legal Proceedings
The filing states that no material legal proceedings outside the ordinary course were expected to have a material adverse effect on financial condition or results of operations.
What to watch
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Ongoing Material Control Weakness
Disclosure controls and procedures were concluded to be ineffective as of June 30, 2026 because of a material weakness in internal control over financial reporting. The weakness concerns IT general controls, specifically user-access and program-change controls, and was also identified during the fourth quarter of 2025.
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Remediation Not Yet Complete
Management has not yet deemed the weakness remediated; controls must operate for a sufficient period and pass future testing before remediation can be concluded. The filing states that the weakness did not result in adjustments to the financial statements for the quarter ended June 30, 2026.
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Repurchase Authorization Exhausted
The 10b5-1 repurchase plan reached its authorized limit and was terminated on June 16, 2026. Quarterly purchases totaled 50,573 shares, while the table reported maximum remaining authorization of negative 1,201 shares.
Management's outlook
No quantitative revenue or EPS outlook is provided in the extracted 10-Q. The filing states that the Company is not required to provide market-risk disclosures as a smaller reporting company.
Earlier filings 4
10-K · March 16, 2026
Security National Financial’s 10-K describes a three-segment strategy (life insurance, cemetery & mortuary, and mortgages) that leverages cross-selling (funeral plans tied to cemetery/mortuary sales) and selective…
10-Q · November 13, 2025
SNFCA reported Q3 revenue of $89,326,163, up $1,052,476 (+1.2%) versus Q3 2024, while diluted EPS fell to $0.32 from $0.48 a year ago. Investment-related lines (net investment income and gains) were the strongest…
10-Q · May 15, 2025
Security National Financial Corporation reported Q1 2025 revenue of $82.74 million, up 1.9% from $81.19 million in Q1 2024, but net earnings fell to $4.34 million from $7.47 million, leading to an EPS decrease to $0.18…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.