Chicago Rivet reported a 2025 net loss of $1.1 million, a substantial improvement from the $5.6 million loss in 2024, as gross profit rose to $4.1 million and selling and administrative expenses declined. Net sales were $27,890,260 in 2025, up modestly from $26,986,627 in 2024. However, recurring operating losses, negative operating cash flow and reduced liquidity led management and auditors to conclude there is substantial doubt about the company's ability to continue as a going concern.
Cyborg Score Rationale
Management and the auditor state that declining revenues, recurring operating losses, negative operating cash flows and reduced liquidity raise substantial doubt about Chicago Rivet & Machine Co.'s ability to continue as a going concern. While the company narrowed losses in 2025, the Board of Directors approved the temporary suspension of the Company's quarterly cash dividend in May 2026 to preserve capital.
Top Insights
(March 2025) Entered $3.0 million credit agreement with covenant waiver extending to August 2026
(March 2026) 2025 losses narrowed by 81% to $1.1M despite modest 3% revenue growth
(May 2026) Suspended quarterly dividend to redirect capital toward production capacity and sales growth initiatives
Going concern doubt disclosed; working capital of $9.9M and cash of $1.7M as of year-end 2025 creates liquidity pressure
Named Competitors
Fastener Manufacturing — Industrial fastener distribution and supply
Specialty Fasteners — Industrial fastener and wheel manufacturer
Rivet & Fastener Solutions — Industrial components and assembly solutions
Recent Developments
(March 2025) Established $3.0M revolving credit facility with covenant waiver through August 2026
(March 2026) Reported 2025 full-year results showing net loss improvement to $1.1M from $5.6M in 2024
(May 2026) Suspended quarterly cash dividend to prioritize capital deployment for production and sales growth
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