Taylor Devices Inc 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 OF1934 For the quarterly period ended February 28, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period fromto Commission File Number: 0-3498 Taylor Devices, Inc.(Exact name of registrant as specified in its charter) New York16-0797789 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) (Address of principal executive offices)(Zip Code)716-694-0800(Registrant’s telephone number, including area code) 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 Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was requiredto file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (orfor 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 smallerreporting 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. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the registrant’s common stock outstanding as of March 31, 2026 was 3,219,112. Index to Form 10-Q PART IFINANCIAL INFORMATION Item 1.Financial StatementsCondensed Consolidated Balance Sheets as of February 28, 2026 and May31, 20254Condensed Consolidated Statements of Income for the three and nine monthsended February 28, 2026 and February 28, 20255Condensed Consolidated Statements of Stockholders’ Equity for the threeand nine months ended February 28, 2026 and February 28, 20256Condensed Consolidated Statements of Cash Flows for the nine monthsended February 28, 2026 and February 28, 20257Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Resultsof Operations10Item 3.Quantitative and Qualitative Disclosures About Market Risk17Item 4.Controls and Procedures17 PART IIOTHER INFORMATIONItem 1.Legal Proceedings18Item 1A.Risk Factors18Item 2.Unregistered Sales of Equity Securities and Use of Proceeds18Item 3.Defaults Upon Senior Securities18Item 4.Mine Safety Disclosures18Item 5.Other Information18Item 6.Exhibits19 SIGNATURES TAYLOR DEVICES, INC. Notes to Condensed Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared in accordance withaccounting principles generally accepted in the United States of America for interim financial information and with theinstructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by accountingprinciples generally accepted in the United States of America for complete financial statements. In the opinion of theCompany, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consistingof only normal recurring accruals) necessary to present fairly the Company’s financial position as of February 28, 2026and May 31, 2025, results of operations for the three and nine months ended February 28, 2026 and February 28, 2025,and cash flows for the nine months ended February 28, 2026 and February 28, 2025. These financial statements shouldbe read in conjunction with the audited financial statements and notes thereto contained in the Company's AnnualReport on Form 10-K for the year ended May 31, 2025, filed with the U.S. Securities and Exchange Commission(“SEC”) on August 15, 2025 (the “Form 10-K”).1. The Company has evaluated events and transactions for potential recognition or disclosure in the financial statementsthrough the date the financial statements were issued.2. There is no provision nor shall there be any provisions for profit sharing, dividends, or any other benefits of any natureat any time for this fiscal year. For the nine-month periods ended February 28, 2026 and February 28,