攀登者 2026年季度报告

☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended March 31, 2026 or ☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from _____ to _____ Commission File Number 0-6966 ESCALADE, INCORPORATED(Exact name of registrant as specified in its charter) 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 Exchange Act of1934 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 suchfiling 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 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ 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 anynew 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. Outstanding at April 22, 202613,805,038 ClassCommon, no par value PageNo.Part I.Financial Information:Item 1 -Financial Statements:Consolidated Condensed Balance Sheets as of March 31, 2026, December 31, 2025, and March 31, 20253Consolidated Condensed Statements of Operations for the Three Months Ended March 31, 2026 and March 31, 20254Consolidated Condensed Statements of Stockholders’Equity for the Three Months Ended March 31, 2026 and March 31,20255Consolidated Condensed Statements of Cash Flows for the Three Months Ended March 31, 2026 and March 31, 20256Notes to Consolidated Condensed Financial Statements7Item 2 -Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3 -Quantitative and Qualitative Disclosures About Market Risk15Item 4 -Controls and Procedures15Part II.Other InformationItem 1 -Legal Proceedings16Item 1A -Risk Factors16Item 2 -Unregistered Sales of Equity Securities and Use of Proceeds16Item 6 -Exhibits17Signature172 Three Months EndedMarch 31, 2026March 31, 2025 Operating Activities:Net income$4,381$2,619Depreciation and amortization1,2471,239Allowance for credit losses120162Stock-based compensation412467Loss on disposal of assets-3Common stock issued in lieu of bonus to officers162124Changes in assets and liabilities(180)(823)Net cash provided by operating activities6,1423,791 NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (UNAUDITED) Note A – Summary of Significant Accounting Policies Presentation of Consolidated Condensed Financial Statements– The significant accounting policies followed by the Company and its wholly ownedsubsidiaries for interim financial reporting are consistent with the accounting policies followed for its annual financial reporting. All adjustments thatare of a normal recurring nature and are in the opinion of management necessary for a fair statement of the results for the periods reported have beenincluded in the accompanying consolidated condensed financial statements. The consolidated condensed balance sheet of the Company as ofDecember 31, 2025 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and notedisclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted inthe United States of America (GAAP) have been condensed or omitted. These consolidated condensed financial statements should be read inconjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K annual report for 2025 filed with theSecurities and Exchange Commission. The results of operations for the three months ended March 31, 2026 and March 31, 2025 are not necessarily indicative of the results to be expectedfor the full year. Note D – Fair Values of Financial Instruments Accounting Standard Codification (“ASC”) 820, “Fair Valu