Korth Direct Mortgage Inc. Files Q1 2025 10-Q
| Field | Detail |
|---|---|
| Company | Korth Direct Mortgage Inc. |
| Form Type | 10-Q |
| Filed Date | May 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, mortgage, financials
TL;DR
Korth Direct Mortgage Q1 2025 10-Q is in. Check revenue streams.
AI Summary
Korth Direct Mortgage Inc. filed its Q1 2025 10-Q report on May 15, 2025, for the period ending March 31, 2025. The company, previously known as Korth Direct Mortgage LLC, is incorporated in Florida and operates in the mortgage bankers and loan correspondents sector. Key financial data for the first quarter of 2025 and 2024, including origination revenue, service revenue, underwriting income, and leasing revenue, are presented in the filing.
Why It Matters
This filing provides investors with a quarterly update on Korth Direct Mortgage Inc.'s financial performance and operational activities, crucial for assessing the company's current health and future prospects in the mortgage industry.
Risk Assessment
Risk Level: medium — The mortgage industry is subject to significant regulatory changes and interest rate fluctuations, which can materially impact a company's financial performance.
Key Numbers
- 20250331 — Report Period End Date (The filing covers financial performance up to this date.)
- 20250515 — Filing Date (Indicates when the report was submitted to the SEC.)
- 2025-01-01 to 2025-03-31 — Q1 2025 Period (The primary reporting period for this 10-Q.)
- 2024-01-01 to 2024-03-31 — Q1 2024 Period (Comparative period for financial analysis.)
Key Players & Entities
- Korth Direct Mortgage Inc. (company) — Filer
- Korth Direct Mortgage LLC (company) — Former company name
- MORTGAGE BANKERS & LOAN CORRESPONDENTS (industry) — Standard Industrial Classification
- FL (location) — State of Incorporation
- 3056688485 (phone_number) — Business Phone
FAQ
What was Korth Direct Mortgage Inc.'s origination revenue for Q1 2025?
The filing indicates data for 'cik0001695963:OriginationRevenueMember' for the period 2025-01-01 to 2025-03-31, but the specific dollar amount is not provided in this header snippet.
How does the service revenue in Q1 2025 compare to Q1 2024?
The filing includes data points for 'us-gaap:ServiceMember' for both the 2025-01-01 to 2025-03-31 period and the 2024-01-01 to 2024-03-31 period, suggesting a comparison is available within the full report.
What is the company's Standard Industrial Classification (SIC) code?
The SIC code for Korth Direct Mortgage Inc. is 6162, categorized as MORTGAGE BANKERS & LOAN CORRESPONDENTS.
When did Korth Direct Mortgage Inc. change its name from Korth Direct Mortgage LLC?
The company changed its name on January 26, 2017.
What is the business address of Korth Direct Mortgage Inc.?
The business address is 135 SAN LORENZO AVE, SUITE 600, CORAL GABLES, FL 33146.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 15, 2025 regarding Korth Direct Mortgage Inc..