Stabilis Solutions Inc 2025年度报告

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☒Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months 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 thischapter) 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 Act: 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 accountingstandards 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 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 anerror to previously issued financial statements.☐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 pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant onJune 30, 2025 was $24,699,074based on the closing sale price, as reported by TheNasdaq Stock Market LLC. As of March 2, 2026,there were18,596,301outstanding shares of our common stock, par value $.001 per share. Documents Incorporated by Reference:None Table of ContentsSTABILIS SOLUTIONS, INC. AND SUBSIDIARIESANNUAL REPORT ON FORM 10-KFor the Fiscal Year Ended December 31, 2025TABLE OF CONTENTSPageCautionary Statement Regarding Forward-Looking Statements3Part I.Item 1.Business4Item1A.Risk Factors10Item 1B.Unresolved Staff Comments23Item 1C.Cybersecurity23Item 2.Properties23Item 3.Legal Proceedings23Item 4.Mine Safety Disclosures23Part II.Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities24Item 6.Reserved24Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 7A.Quantitative and Qualitative Disclosures about Market Risk35Item 8.Financial Statements and Supplementary Data36Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure61Item 9A.Controls and Procedures61Item9B.Other Information61Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections61Part III.Item 10.Directors, Executive Officers and Corporate Governance62Item 11.Executive Compensation64Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters68Item 13.Certain Relationships and Related Transactions and Director Independence69Item 14.Principal AccountantFees and Services70Part IV.Item 15.Exhibits and Financial Statement Schedules71Item 16.Form 10-K Summary71Signatures732 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This document includes statements that constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements represent intentions,plans, expectations, assumptions and beliefs about future events and are subject to risks and uncertainties and other factors. These statements may relate to, but are not limited to,information or assumptions about us, our capital and other expenditures, dividends, financing plans, capital structure, cash flow, pending legal and regulatory proceedings and claims,including environmental matters, future economic performance, operating income, cost savings, and management’s plans, strategies, goals and objectives for future operations andgrowth. These forward-looking statements generally are accompanied by words such as “intend,” “anticipate,” “believe,” “estimate,” “expect,” “should,” “seek,” “project,” “plan” orsimilar expressions. Any statement that is not a historical fact is a forward-looking statement. It should be understood that these forward-looking statements are necessary estimatesreflecting the best judgment of senior management, not guarant