ContextLogic Holdings Inc. SEC 10-Q Report

ContextLogic Holdings Inc., a company previously known for its marketplace and logistics operations under the Wish platform, has released its Form 10-Q report for the third quarter of 2025. The report details significant financial and operational changes following the sale of its primary business assets. This strategic shift marks a new chapter for the company as it explores new business opportunities and potential acquisitions.

Financial Highlights

• Revenue: $0 million, reflecting the cessation of marketplace and logistics operations following the Asset Sale.
• Gross Profit: $0 million, as there were no operating revenues or related costs post-Asset Sale.
• Loss from operations: $(3) million for the three months ended September 30, 2025, consistent with the prior year, due to ongoing general and administrative expenses.
• Net loss: $(1) million for the three months ended September 30, 2025, consistent with the prior year, primarily due to the absence of operating revenue.
• Net loss attributable to common stockholders: $(2) million for the three months ended September 30, 2025, compared to $(1) million for the same period in 2024.
• Net loss per share, basic and diluted: $(0.07) for the three months ended September 30, 2025, compared to $(0.04) for the same period in 2024.

Business Highlights

• Company Reorganization: ContextLogic Holdings Inc. completed a reorganization where ContextLogic Inc. became a wholly owned subsidiary. This reorganization was aimed at preserving net operating losses and enhancing structural flexibility for future acquisitions.
• Delisting from Nasdaq: The company voluntarily delisted from The Nasdaq Global Market and transitioned to the OTCQB Venture Market, trading under the symbol 'LOGC'. This move was part of a strategic shift following the asset sale.
• Asset Sale: ContextLogic sold substantially all of its assets related to its marketplace and logistics business to Qoo10 Inc. This sale included the transfer of the Wish platform and related operations, marking the company's exit from its previous business model.
• Post-Asset Sale Strategy: Following the asset sale, ContextLogic is focusing on developing new business opportunities and strategic acquisitions to utilize its remaining cash and net operating losses. The company is actively evaluating potential acquisitions to enhance shareholder value.
• Operational Transition: Since the asset sale, ContextLogic no longer generates revenue from marketplace and logistics services. The company is now primarily focused on managing its remaining assets and exploring new business ventures.
• Future Outlook: The company is exploring strategic alternatives for its cash reserves, including potential acquisitions that align with its new business direction. ContextLogic aims to leverage its financial position to create value for shareholders.

SEC Filing: ContextLogic Holdings Inc. [ LOGC ] - 10-Q - Oct. 28, 2025