CreditRiskMonitor restates Q3 2025 net income at $125,269
CRMZ•Financial impact and controls review
For the nine months ended Sept. 30, 2025, restated net income was $252,901 on revenue of $15.03 million.
Management identified a material weakness in controls over state and local tax nexus compliance; it engaged an automated sales tax solution provider.
Restated quarterly and annual results
CreditRiskMonitor filed a Form 10-Q/A with restated quarterly results for periods ended Sept. 30, 2025 and 2024.
The audit committee concluded prior quarterly unaudited statements for multiple quarters plus audited 2025 and 2024 annual financial statements require restatement.
The restatement follows a nexus study that identified unrecorded state sales and use tax liabilities plus income tax liabilities for prior periods.
