帕克航空航天 2026年季度报告

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 November 30, 2025 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 number1-4415 PARK AEROSPACE CORP.(Exact Name of Registrant as Specified in Its Charter) 11-1734643(I.R.S. EmployerIdentification No.) (Zip Code) (631) 465-3600(Registrant’s Telephone Number, Including Area Code) (Former Name, Former Address and Former Fiscal Year,if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: 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 ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject 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 toRule 405 of Regulation S-T 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 reportingcompany or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large AcceleratedFiler☐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 complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 19,925,798 as ofJanuary 7, 2026. TABLE OF CONTENTS erPART I.FINANCIAL INFORMATION:Item 1.Financial StatementsCondensed Consolidated Balance Sheets November 30, 2025 (Unaudited) and March 2, 20253Condensed Consolidated Statements of Operations 13 weeks and 39 weeks ended November 30, 2025 and December 1,2024 (Unaudited)4Condensed Consolidated Statements of Comprehensive Earnings 13 weeks and 39 weeks ended November 30, 2025 andDecember 1, 2024 (Unaudited)5Condensed Consolidated Statements of Shareholders’Equity November 30, 2025 and December 1, 2024 (Unaudited)6Condensed Consolidated Statements of Cash Flows 39 weeks ended November 30, 2025 and December 1, 2024(Unaudited)8Notes to Condensed Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Factors That May Affect Future Results27Item 3.Quantitative and Qualitative Disclosures About Market Risk27Item 4.Controls and Procedures27PART II.OTHER INFORMATION:Item 1.Legal Proceedings28Item1A.Risk Factors28Item 2.Unregistered Sales of Equity Securities and Use of Proceeds28Item 3.Defaults Upon Senior Securities28Item 4.Mine Safety Disclosures28Item 5.Other Information29Item 6.Exhibits29EXHIBIT INDEX30SIGNATURES312 CONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except per share amounts) CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS(Amounts in thousands) CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’EQUITY(Amounts in thousands, except share and per share amounts) CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’EQUITY (continued)(Amounts in thousands, except share and per share amounts) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)(Amounts in thousands, except share (unless otherwise stated), per share and option amounts) 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The Condensed Consolidated Balance Sheet and the Condensed Consolidated Statement of Shareholders’ Equity as of November 30, 2025,the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Earnings for the 13weeks and 39 weeks ended November 30, 2025 and December 1, 2024, and the Condensed Consolidated Statements of Cash Flows for the 39weeks ended November 30, 2025 and December 1, 2024 have been prepared by Park Aerospace Corp. (the “Company”), without audit. In theopinion of management, these unaudited Condensed Consolidated Financial Statements contain all adjustments (which include only normalrecurring adjustments) necessary