# Trinity Place Holdings Reports $116,000 Third-Quarter Loss and Zero Revenue

> Trinity Place Holdings posted a $116,000 third-quarter net loss on no revenue, with $77,000 in operating expenses and $74,000 in cash at September 30.

- Published: 2026-11-13T23:23:27+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-13/trinity-place-holdings-third-quarter-loss
- Source: [Business Wire](https://www.businesswire.com/news/home/20261113622491/en/)

## Key takeaways

- Trinity Place Holdings reported a third-quarter net loss of $116,000 and no revenue for the period ended September 30, 2026.
- Operating expenses totaled $77,000 in the quarter, down from $304,000 a year earlier.
- The company held $74,000 in cash and cash equivalents at September 30, 2026, compared with $216,000 at December 31, 2025.

Trinity Place Holdings Inc. reported a third-quarter net loss of $116,000 with no revenue for the period ended September 30, 2026, according to [Business Wire](https://www.businesswire.com/news/home/20261113622491/en/). The company recorded $77,000 in operating expenses and held $74,000 in cash and cash equivalents at quarter-end.

## Trinity Place's Quarter in Detail

[Trinity Place Holdings](https://akta.pro/company-profiles/000bmh3/trinity-place-holdings) is an intellectual property holding, investment and commercialization company that owns assets including FilenesBasement.com and the intellectual property tied to the Running of the Brides event and the slogan "An Educated Consumer is Our Best Customer." The company said its strategy centers on monetizing those assets through brand licensing, e-commerce initiatives, strategic partnerships and enforcement of its intellectual property rights.

General and administrative expenses accounted for the full $77,000 in operating expenses, against $301,000 a year earlier. Interest expense, net, was $39,000, leaving a loss before taxes of $116,000. For the nine months ended September 30, 2026, the net loss was $414,000, compared with $4.45 million in the same period of 2025.

The balance sheet showed total assets of $153,000 at September 30, 2026, down from $323,000 at December 31, 2025. Total liabilities were $1.947 million, including a $1.699 million note payable, and total stockholders' deficit was $1.794 million. The company said it has federal net operating loss carryforwards and a valuation allowance against the related deferred tax assets because management judged it more likely than not that they will not be realized.

## Trinity Place's Cash and Funding Record

According to akta.pro [company records](https://akta.pro/company-data), Trinity Place secured a $5 million senior secured promissory note from Steel Connect, LLC in February 2025, with $1.3 million outstanding as of the latest reporting. The same records show full-year 2025 revenue of $239,000, down from $3.5 million in the prior year, and a net loss of $4.8 million for the fourth quarter and full year 2025.

## Earlier Trinity Place Filings

Trinity Place reported a second-quarter net loss of $144,000 and an operating loss of $106,000 for the period ended June 30, 2026, Stock Titan reported on August 25, 2026. In July 2025 the company finalized termination of its legacy pension plan, recognizing a $3.1 million non-cash settlement charge while receiving $0.9 million from pension asset reversion, according to akta.pro company records.

## What Comes Next for Trinity Place

Jennifer Golembeske is listed as the investor contact on the quarterly announcement. The company's certificate of incorporation includes a provision intended to help preserve certain tax benefits primarily associated with its net operating losses, generally prohibiting transfers of stock that would result in a person or group becoming a 4.75 percent stockholder.

## Companies in this story

- [Trinity Place Holdings company profile](https://akta.pro/company-profiles/000bmh3/trinity-place-holdings) · website: http://tphs.com

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