Wright Investors Service Holdings, Inc. 10-Q

iwsh-20260630 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 000-50587 WRIGHT INVESTORS’ SERVICE HOLDINGS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 13-4005439 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 118 North Bedford Road , Ste. 100 , Mount Kisco , NY 10549 (Address of principal executive offices) (Zip code) (914) 242-5700 (Registrant’s telephone number, including area code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or, an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company”, in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Yes ☐ No ☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period. Yes ☐ No ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ¨ Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Title of each class Trading Symbol (s) Name of each exchange on which registered Common Stock, $0.01 par value IWSH OTC Markets Group Inc. (OTC Pink Sheets) As of August 14, 2026, there were 20,620,711 shares of the registrant’s common stock, $0.01 par value, outstanding. WRIGHT INVESTORS’ SERVICE HOLDINGS, INC. TABLE OF CONTENTS Part I. Financial Information Page No. Item 1. Financial Statements of Wright Investors’ Service Holdings, Inc. 1 Condensed Consolidated Balance Sheets- June 30, 2026 (Unaudited) and December 31, 2025 1 Condensed Consolidated Statements of Operations- Three Months and Six Months Ended June, 30 2026 and 2025 (Unaudited) 2 Condensed Consolidated Statements of Changes in Stockholders’ Equity- Three Months and Six Months Ended June, 30 2026 and 2025 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows - Six Months Ended June 30, 2026 and 2025 (Unaudited) 4 Notes to Condensed Consolidated Financial Statements - Three and Six Months Ended June, 30 2026 and 2025 (Unaudited) 5 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 9 Item 3. Quantitative and Qualitative Disclosures about Market Risk 12 Item 4. Controls and Procedures 12 Part II. Other Information Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13 Item 5. Other Information 13 Item 6. Exhibits 14 SIGNATURES 15 Table of Contents PART I. FINANCIAL INFORMATION Item 1. Financial Statements. WRIGHT INVESTORS' SERVICE HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) June 30, December 31, 2026 2025 (unaudited) Assets Current assets Cash and cash equivalents $ 48 $ 33 Investments 870 1,267 Prepaid expenses and other current assets 24 78 Total current assets 942 1,378 Other assets 8 8 Total assets $ 950 $ 1,386 Liabilities and stockholders’ equity Current liabilities Accounts payable and accrued expenses $ 147 $ 79 Total current liabilities 147 79 Total liabilities 147 79 Stockholders’ equity Preferred stock, par value $ 0.01 per share, authorized 10,000,000 shares; none issued - - Common stock, par value $ 0.01 per share, authorized 30,000,000 shares; issued 21,628,680 as of June 30, 2026 and December 31, 2025; outstanding 20,620,711 at June 30, 2026 and December 31, 2025. 216 216 Additional paid-in capital 34,392 34,392 Accumulated deficit ( 32,058 ) ( 31,554 ) Treasury stock, at cost ( 1,007,969 shares at June 30, 2026 and December 31, 2025) ( 1,747 ) ( 1,747 ) Total stockholders' equity 803 1,307 Total liabilities and stockholders’ equity $ 950 $ 1,386 See accompanying notes to condensed consolidated financial statements. 1 Table of Contents WRIGHT INVESTORS' SERVICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Expenses Compensation and benefits $ 115 $ 113 $ 237 $ 228 Other operating 136 145 285 317 Total operating expenses 251 258 522 545 Loss from operations ( 251 ) ( 258 ) ( 522 ) ( 545 ) Interest and other income, net 8 14 18 45 Net loss $ ( 243 ) $ ( 244 ) $ ( 504 ) $ ( 500 ) Basic and diluted weighted average common shares outstanding 20,620,711 20,620,711 20,620,711 20,620,711 Basic and diluted loss per share $ ( 0.01 ) $ ( 0.01 ) $ ( 0.02 ) $ ( 0.02 ) See accompanying notes to condensed consolidated financial statements. 2 Table of Contents WRIGHT INVESTORS' SERVICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED) (in thousands, except per share data) Total Additional Treasury stock- Common stock (Issued) paid -in Accumulated stock, at Holders’ shares amount capital deficit cost equity Balance at December 31, 2024 21,628,680 $ 216 $ 34,392 $ ( 30,530 ) $ ( 1,747 ) $ 2,331 Net loss - - - ( 256 ) - ( 256 ) Balance at March 31, 2025 21,628,680 $ 216 $ 34,392 $ ( 30,786 ) $ ( 1,747 ) $ 2,075 Net loss - - - ( 244 ) - ( 244 ) Balance at June 30, 2025 21,628,680 $ 216 $ 34,392 $ ( 31,030 ) $ ( 1,747 ) $ 1,831 Balance at December 31, 2025 21,628,680 $ 216 $ 34,392 $ ( 31,554 ) $ ( 1,747 ) $ 1,307 Net loss - - - ( 261 ) - ( 261 ) Balance at March 31, 2026 21,628,680 $ 216 $ 34,392 $ ( 31,815 ) $ ( 1,747 ) $ 1,046 Net loss - - - ( 243 ) - ( 243 ) Balance at June 30, 2026 21,628,680 $ 216 $ 34,392 $ ( 32,058 ) $ ( 1,747 ) $ 803 See accompanying notes to condensed consolidated financial statements. 3 Table of Contents WRIGHT INVESTORS' SERVICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (in thousands) Six Months Ended June 30, 2026 2025 Cash flows from operating activities Net loss $ ( 504 ) $ ( 500 ) Adjustments to reconcile net loss to net cash used in operating activities: Changes in other operating items: Prepaid expenses and other current assets 54 48 Accounts payable and accrued expenses 68 ( 44 ) Net cash used in operating activities ( 382 ) ( 496 ) Cash flows from investing activities Proceeds from redemptions and sale of investments 415 24 Purchase of investments ( 18 ) ( 574 ) Net cash provided by (used in) by investing activities 397 ( 550 ) Net increase (decrease) in cash and cash equivalents 15 ( 1,046 ) Cash and cash equivalents at the beginning of the period 33 1,440 Cash and cash equivalents at the end of the period $ 48 $ 394 See accompanying notes to condensed consolidated financial statements. 4 Table of Contents WRIGHT INVESTORS’ SERVICE HOLDINGS, INC. Notes to Condensed Consolidated Financial Statements June 30, 2026 and 2025 (unaudited) 1. Basis of presentation and description of activities Basis of presentation The accompanying interim financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10 -Q and Article 8 of Regulation S-X. The information and note disclosures normally included in complete financial statements have been condensed or omitted pursuant to such rules and regulations. The Condensed Consolidated Balance Sheet as of December 31, 2025 has been derived from audited financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2025 as presented in our Annual Report on Form 10 -K. In the opinion of management, this interim information includes all material adjustments, which are of a normal and recurring nature, necessary for a fair presentation. The results for the 2026 interim period are not necessarily indicative of results to be expected for the entire year. Description of activities Wright Investors’ Service Holdings, Inc. (the “Company”) has nominal operations and nominal assets aside from its cash and cash equivalents and investments in money market mutual funds, and is therefore considered a shell company, as defined in U.S. securities laws and regulations. The Company is not engaged in the business of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities. The Company intends to evaluate and explore all available strategic options. The Company will continue to work to maximize stockholder value. Such strategic options may include acquisition of an investment advisory business, acquisition of a financial services business, creating partnerships or joint ventures for those or other businesses and investing in other businesses that provide attractive opportunities for growth. The Company may be classified as an inadvertent investment company if the Company acquires investment securities in excess of 40% of its total assets (exclusive of government securities, and cash and certain cash equivalents). As of June 30, 2026, the Company is not considered an inadvertent investment company. The Company is not engaged in the business of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities. However, under the Investment Company Act of 1940, as amended (the “Investment Company Act”), a company may fall within the scope of being an “inadvertent investment company” under section 3 (a) (1 )(C) of such Act if the value of the Company’s investment securities (as defined in the Investment Company Act) is more than 40% of the Company’s total assets (exclusive of government securities, and cash and certain cash equivalents). The investment Company Act of 1940 Rule 3 a- 2 provides a one-year safe harbor from the definition of “investment company” under Section 3 (a) (1 ) for issuers that are temporarily engaged in investing, reinvesting, owning, holding, or trading in securities while they transition to an operating business. The Company is relying on Rule 3 a- 2 under the Investment Company Act of 1940, which provides a one-year safe harbor from being deemed an “investment company” for issuers that have a bona fide intent to be engaged primarily in a non-investment business as soon as reasonably possible. Going Concern The accompanying financial statements have been prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. The Company has suffered recurring losses from operations and negative cash flows from operating activities. At June 30, 2026, the Company had working capital of approximately $ 795,000 . At June 30, 2026, the Company had an accumulated deficit of approximately $ 32,058 ,000. The Company held cash and cash equivalents of approximately $ 48 , 000 , and investments in money market mutual funds of approximately $ 870 , 000 , respectively, as of June 30, 2026. The Company believes that its cash resources at June 30, 2026 may not meet its operating expenditure requirements through the third quarter of 2027. 5 Table of Contents These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company continues to face significant challenges and uncertainties and intends to evaluate and explore all available strategic options. The Company will continue to work to maximize stockholder value, including a continued evaluation of possible business ventures deemed to provide attractive opportunities for growth. The directors will also consider alternatives for distributing some or all of the Company’s cash and cash equivalents and investments. Until such time as a decision is made as to how its liquid assets are so deployed, the Company intends to invest its liquid assets in high-grade, short-term investments consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation. During the period in which we are seeking to complete such a transaction, substantially all of our assets consist of cash, cash equivalents and/or short-term investments. 2. Per share data Loss per share for the three and six months ended June 30, 2026 and 2025 is calculated based on 20,620,711 weighted average outstanding shares of common stock. The Company had no dilutive or potentially dilutive securities during the periods presented. 3. Segment Disclosure The Company's operations are reported within one reportable segment and constitutes the Company and its wholly-owned subsidiaries, all of which are inactive, which are reported in the condensed consolidated financial statements. The Company currently has no or nominal operations, no revenues from operations and is considered a shell company, as defined in the U.S. securities laws and regulations. The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer . The CODM evaluates the results and performance of the reporting segment and decides how to allocate resources based on condensed consolidated net loss which is reported on the Condensed Consolidated Statements of Operations. Additionally, the measure of segment assets is reported on the Condensed Consolidated Balance Sheets as total assets. The accounting policies for the reportable segment are the same as those described above in the summary of significant accounting policies. The expenses and net loss for the one reportable segment are the same as those presented on the Condensed Consolidated Statements of Operations. Significant expense categories, including compensation and benefits, other operating expenses, and interest and other income, net are included on the Company's Condensed Consolidated Statements of Operations. 4. New accounting standards In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Improvements to Income Tax Disclosures, which requires entities to disclose disaggregated information about their effective tax rate reconciliations as well as expanded information on income taxes by jurisdiction. The standard is effective for fiscal years beginning after December 15, 2024, on a prospective basis. The Company discloses its income tax rate reconciliation in its annual consolidated financial statements only and the adoption, effective January 1, 2025, did not have a material impact on its consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting-Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The standard update improves the disclosures about a public business entity’s expenses by requiring more detailed information about the types of expenses (including compensation and benefits and other operating expenses) included within income statement expense captions. The guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The standard will be applied on a prospective basis, with retrospective application permitted. The Company is currently evaluating the impact of adoption of the standard on its financial statement disclosures. 6 Table of Contents 5. Investment valuation The Company’s investments in marketable securities consist of investments in equity securities which are money market mutual funds. The Company carries its investments at fair value. Fair value is an estimate of the exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (i.e., the exit price at the measurement date). Fair value measurements are not adjusted for transaction costs. A fair value hierarchy provides for prioritizing inputs to valuation techniques used to measure fair value into three levels: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Inputs other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3 Unobservable inputs. Unobservable inputs reflect the assumptions that the Company develops based on available information about what market participants would use in valuing the asset or liability. An asset or liability's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Availability of observable inputs can vary and is affected by a variety of factors. The Company uses judgment in determining fair value of assets and liabilities and Level 3 assets and liabilities involve greater judgment than Level 1 or Level 2 assets or liabilities. As of June 30, 2026 and December 31, 2025, the Company held investments in equity securities which consist of a money market mutual fund of $ 870,000 and $ 1,267,000 , respectively. Money market mutual funds are valued at the closing price reported by the fund sponsor from an actively traded exchange. Money market mutual funds are categorized in Level 1 of the fair value hierarchy, depending on the unadjusted quoted prices in active markets for identical assets. The Company follows the guidance in ASC 321, “Investments – Equity Securities” (“ASC 321”) for its investments in equity securities with unrealized and realized gains and losses recorded as Interest and other income, net, on the Consolidated Statements of Operations. The following table presents the Company’s financial instruments measured at fair value (in thousands): Fair Value Measurements as of June 30, 2026 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments in Money Market Mutual Funds $ 870 $ 870 $ - $ - Fair Value Measurements as of December 31, 2025 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Investments in Money Market Mutual Funds $ 1,267 $ 1,267 $ - $ - 7 Table of Contents Investments in equity securities as of June 30, 2026 and December 31, 2025 are summarized by type below (in thousands). Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Money Market Mutual Funds $ 870 $ - $ - $ 870 Total $ 870 $ - $ - $ 870 Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Money Market Mutual Funds $ 1,267 $ - $ - $ 1,267 Total $ 1,267 $ - $ - $ 1,267 6. Income taxes No tax benefit has been recorded in relation to the pre-tax loss for the three and six months ended June 30, 2026 and 2025, due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses. As of June 30, 2026, the Company had no uncertain income tax positions. 7. Capital Stock The Company’s Board of Directors, without any vote or action by the holders of common stock, is authorized to issue preferred stock from time to time in one or more series and to determine the number of shares and to fix the powers, designations, preferences and relative, participating, optional or other special rights of any series of preferred stock. The Board of Directors authorized the Company to repurchase up to 5,000,000 outstanding shares of common stock from time to time either in open market or privately negotiated transactions. The Company did not repurchase any common stock during the six months ended June 30, 2026 and 2025, respectively. At June 30, 2026 and 2025, the Company had repurchased 2,234,721 shares of its common stock and a total of 2,765,279 of the authorized shares, remained available for repurchase as of June 30, 2026. 8. Commitments, Contingencies, and Other The Company has interests in land and certain flowage rights in undeveloped property (the “properties”) primarily located in Killingly, Connecticut. The properties were fully impaired as of December 31, 2018. In September 2014, the Connecticut Department of Energy and Environmental Protection (“DEEP”) issued two Consent Orders requiring the investigation and repair of two dams, Acme Pond Dam and Killingly Pond Dam, in which the Company and its subsidiaries have certain ownership interests. Both matters have been fully resolved. In February 2020 and May 2020, DEEP issued to the Company Certificates of Compliance for the Consent Orders relating to Acme Pond Dam and Killingly Pond Dam, respectively. 8 Table of Contents Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Cautionary Statement Regarding Forward-Looking Statements This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward looking statements. Forward-looking statements are not statements of historical facts, but rather reflect our current expectations concerning future events and results. The words “may,” “will,” “anticipate,” “should,” “would,” “believe,” “contemplate,” “could,” “project,” “predict,” “expect,” “estimate,” “continue,” and “intend,” as well as other similar words and expressions of the future, are intended to identify forward-looking statements. Factors that may cause actual results to differ from those results expressed or implied, include, but are not limited to, those listed under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed by the Company with the Securities and Exchange Commission (the “SEC”) on March 30, 2026. These forward-looking statements generally relate to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. These statements are based upon our opinions and estimates as of the date they are made. Although we believe that the expectations reflected in these forward-looking statements are reasonable, such forward-looking statements are subject to known and unknown risks and uncertainties that may be beyond our control, which could cause actual results, performance and achievements to differ materially from results, performance and achievements projected, expected, expressed or implied by the forward-looking statements. While we cannot assess the future impact that any of these differences could have on our business, financial condition, results of operations and cash flows or the market price of shares of our common stock, the differences could be significant. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this report and you are urged to consider all such risks and uncertainties. In light of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. General Overview The Company is a “shell company”, as defined in Rule 12b-2 of the Exchange Act. Because we are a shell company, our stockholders are unable to utilize Rule 144 to sell “restricted stock” as defined in Rule 144 or to otherwise use Rule 144 to sell our securities, and we are ineligible to utilize registration statements on Form S-3 or Form S-8 for so long as we remain a shell company and for 12 months thereafter. As a consequence, among other things, the offering, issuance and sale of our securities is likely to be more expensive and time consuming and may make our securities less attractive to investors. The Company’s Board of Directors is considering strategic uses for its funds to develop or acquire interests in one or more operating businesses. While we have focused our development or acquisition efforts on sectors in which our management has expertise, we do not wish to limit ourselves to, or to foreclose any opportunities in, any particular industry or sector. Prior to this use, the Company’s funds have been, and we anticipate will continue to be, invested in high-grade, short-term investments (such as cash and cash equivalents and mutual funds) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation, until such time as we need to utilize such funds, or any portion thereof, for the purposes described above. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents and Investments in mutual funds to stockholders. Results of operations Three months ended June 30, 2026 compared to the three months ended June 30, 2025 For the three months ended June 30, 2026, the Company had a net loss of $243,000 compared to a net loss of $244,000 for the three months ended June 30, 2025. Compensation and benefits For the three months ended June 30, 2026, Compensation and benefits were $115,000 as compared to $113,000 for the three months ended June 30, 2025. 9 Table of Contents Other operating expenses For the three months ended June 30, 2026, Other operating expenses were $136,000 as compared to $145,000 for the three months ended June 30, 2025. The decreased operating expenses of $9,000 were primarily the result of decreased professional fees of $17,000, decreased travel and entertainment of $7,000, decreased other expenses of $2,000, offset by increased fees related to the repair and maintenance of Company owned dam properties of $17,000. The dam properties were fully impaired as of December 31, 2018. Interest and other income, net For the three months ended June 30, 2026, Interest and other income, net was $8,000 as compared to $14,000 for the three months ended June 30, 2025. The decreased interest and other income, net of $6,000 was primarily the result of the lower yields related to the investments in mutual funds and lower balances on such investments during the three months ended June 30, 2026. Income taxes For the three months ended June 30, 2026 and 2025, the Company recorded no income tax expense from operations. The Company recorded a full valuation allowance against its net deferred tax assets as of June 30, 2026 and 2025. Due to a full valuation allowance on the deferred tax assets related to net operating loss carryforwards, no tax benefit has been recorded in relation to the pre-tax loss for the periods ended June 30, 2026 and 2025. Six months ended June 30, 2026 compared to the six months ended June 30, 2025 For the six months ended June 30, 2026, the Company had a net loss of $504,000 compared to a net loss before income taxes of $500,000 for the six months ended June 30, 2025. The increased loss from operations of $4,000 was primarily a result of a decrease in Interest and other income, net of $27,000, increase Compensation and benefits of $9,000, offset by a decrease in other operating expenses of $32,000 during the six months ended June 30, 2025. Compensation and benefits For the six months ended June 30, 2026, Compensation and benefits were $237,000 as compared to $228,000 for the six months ended June 30, 2025. Other operating expenses For the six months ended June 30, 2026, Other operating expenses were $285,000 as compared to $317,000 for the six months ended June 30, 2025. The decreased operating expenses of $32,000 were primarily the result of decreased professional fees of $33,000, decreased travel and entertainment expenses of $20,000, decreased other expenses of $7,000, offset by increased fees related to the repair and maintenance of Company owned dam properties of $28,000. The dam properties were fully impaired as of December 31, 2018. Interest and other income, net For the six months ended June 30, 2026, Interest and other income, net was $18,000 as compared to $45,000 for the six months ended June 30, 2025. The decreased interest and other income, net of $27,000 was primarily the result of the lower yields related to the investments in U.S. Treasury securities and mutual funds and lower balances of such investments during the six months ended June 30, 2026. 10 Table of Contents Income taxes For the six months ended June 30, 2026 and 2025, the Company recorded no income tax expense from operations. No tax benefit has been recorded in relation to the pre-tax loss for the six months ended June 30, 2026 and 2025, due to a full valuation allowance to offset any deferred tax asset related to net operating loss carry forwards attributable to the losses. Financial condition Liquidity and Capital Resources At June 30, 2026, the Company had cash and cash equivalents totaling $48,000 and investments in mutual funds totaling $870,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents and investments to stockholders. The Company acknowledges that its working capital may not be sufficient to support its operating requirements through September 30, 2027. Cash equivalents represent short-term, highly liquid investments, which are readily convertible to cash and have maturities of three months or less at time of purchase. Please refer to note 5 of the Notes to Condensed Consolidated Financial Statements for classification of Investments. The increase in cash and cash equivalents of $15,000 for the six months ended June 30, 2026 was primarily the result of $382,000 used in operating activities, $18,000 used in the purchase of mutual funds, offset by the sale and the redemption of investments of $415,000. 11 Table of Contents Item 3. Quantitative and Qualitative Disclosures About Market Risk Not required. Item 4. Controls and Procedures The Company’s principal executive officer and principal financial officer, with the assistance of other members of the Company’s management, have evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this quarterly report. Based upon such evaluation, the Company’s principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures are effective as of the end of the period covered by this quarterly report. The Company’s principal executive officer and principal financial officer have also concluded that there was no change in the Company’s internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act) that occurred during the quarter ended June 30, 2026 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 12 Table of Contents PART II. OTHER INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Purchases of Equity Securities The Board of Directors authorized the Company to repurchase up to 5,000,000 outstanding shares of common stock from time to time either in open market or privately negotiated transactions. At June 30, 2026, the Company had repurchased 2,234,721 shares of its common stock and, a total of 2,765,279 shares remained available for repurchase at June 30, 2026 , pursuant to the 5,000,000 shares repurchase plans. The Company did not repurchase shares of common stock during the quarter ended June 30, 2026. Item 5. Other Information None 13 Table of Contents Item 6. Exhibits. Exhibit No. Description 3(i) Articles of Incorporation. Incorporated herein by reference to Exhibit 3.1 of the Registrant’s Form S-1, Registration No. 333-118568. 3(ii) Bylaws. Incorporated herein by reference to Exhibit 3.2 of the Registrant’s Form S-1, Registration No. 333-118568. 31.1 * Certification of principal executive officer of the Company, pursuant to Securities Exchange Act Rule 13a-14(a) 31.2 * Certification of principal financial officer of the Company, pursuant to Securities Exchange Act Rule 13a-14(a) 32.1 * Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of The Sarbanes-Oxley Act of 2002, signed by the principal executive officer of the Company and the principal financial officer of the Company 101.INS ** Inline XBRL Instance Document 101.SCH ** Inline XBRL Taxonomy Extension Schema Document 101.CAL ** Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF ** Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB ** Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE ** Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 ** Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) *Filed herewith **Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Act of 1934 and otherwise are not subject to liability. 14 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WRIGHT INVESTORS’ SERVICE HOLDINGS, INC Date: August 14, 2026 By: /s/ HARVEY P. EISEN Name: Harvey P. Eisen Title: Chairman, President, and Chief Executive Officer (Principal Executive Officer) Date: August 14, 2026 By: /s/ HAROLD D. KAHN Name: Harold D. Kahn Title: Acting Chief Financial Officer and Acting Principal Accounting Officer (Principal Financial Officer) 15