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of Contents](#TOC)\n\n​\n\n​\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n**FORM ****10-Q**\n\n**☒****QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF**\n\n**THE SECURITIES EXCHANGE ACT OF 1934**\n\n**For the quarterly period ended****March 31, 2026**\n\n**Or**\n\n**☐****TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF**\n\n**THE SECURITIES EXCHANGE ACT OF 1934**\n\n**For the transition period from ________ to ________**\n\n**Commission file number:****000-56415**\n\n**StartEngine Crowdfunding, Inc.**\n\n**(Exact Name of Registrant As Specified In Its Charter)**\n\n​\n\n​\n\n​\n\n**4100 West Alameda Avenue****,****3**rd**Floor********Burbank****,****CA**\n\n**  ​ ​ ​**\n\n**91505**\n\n**(Address of Principal Executive Offices)**\n\n​\n\n**(ZIP Code)**\n\n​\n\n**(****800****)****317-2200**\n\n**(Registrant’s telephone number, including area code)**\n\n**N/A**\n\n**(Former name, former address and former fiscal year, if changed since last report)**\n\n**Securities to be registered under Section 12(b) of the Act:**\n\n**None.**\n\n**Securities to be registered under Section 12(g) of the Act:**\n\n**Common Stock, $0.00001 par value**\n\n**(Title of Class)**\n\n**Indicate by check mark whether the registrant has (1) filed reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 such filing requirements for the past 90 days.****Yes********☒****No****☐**\n\n**Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).****Yes********☒****No****☐**\n\n**Indicate by check mark whether the Company is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.**\n\n​\n\n​\n\n​\n\n​\n\n**Large accelerated filer****☐**\n\n​\n\n**Accelerated filer****☐**\n\n**Non-accelerated filer********☒**\n\n​\n\n**Smaller reporting company****☒**\n\n​\n\n​\n\n**Emerging growth company****☒**\n\n​\n\n**If an emerging growth company, indicate by check mark if the Company has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act  ****☐**\n\n**Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes****☐****No****☒**\n\n**As of May 15, 2026, there were****758,339,621****shares of Common Stock, par value $0.00001 per share, of the registrant issued and outstanding.**\n\n​\n\n​\n\n​\n\n​\n\n[Table of Contents](#TOC)\n\n​\n\nSTARTENGINE CROWDFUNDING, INC.\n\nTABLE OF CONTENTS\n\n​\n\n​\n\n​\n\n​\n\n[**PART 1**](#_PART_I_FINANCIAL)\n\n[**FINANCIAL INFORMATION**](#FINANCIALINFORMATION)\n\n3\n\n[**Item 1**](#_Item_1._Financial)\n\n[**Financial Statements**](#FinancialStatements)\n\n3\n\n​\n\n[**Condensed Consolidated Balance Sheets as at March 31, 2026 (unaudited) and December 31, 2025 (audited)**](#BALANCESHEETS)\n\n3\n\n​\n\n[**Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (unaudited)**](#STATEMENTSOFOPERATIONS)\n\n4\n\n​\n\n[**Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025 (unaudited)**](#STATEMENTSOFSTOCKHOLDERSEQUITY)\n\n5\n\n​\n\n[**Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited)**](#CASHFLOWS)\n\n6\n\n​\n\n[**Notes to Condensed Consolidated Financial Statements**](#NOTESTOCONSOLIDATEDFINANCIALSTATEMEN)\n\n7\n\n[**Item 2**](#MANAGEMENTDISCUSSION)\n\n[**Management’s Discussion and Analysis of Financial Condition and Results of Operations**](#MANAGEMENTDISCUSSION)****\n\n24\n\n[**Item 3**](#_ITEM_3._QUANTITATIVE)\n\n[**Quantitative and Qualitative Disclosures About Market Risk**](#_ITEM_3._QUANTITATIVE)\n\n31\n\n[**Item 4**](#_ITEM_4._CONTROLS)\n\n[**Controls and Procedures**](#CONTROLSANDPROCEDURES)\n\n31\n\n​\n\n​\n\n​\n\n[**PART II**](#OTHERINFORMATION)\n\n[**OTHER INFORMATION**](#OTHERINFORMATION)\n\n32\n\n[**Item 1**](#_Item_1._Legal)\n\n[**Legal Proceedings**](#LegalProceedings)\n\n32\n\n[**Item 1A**](#_Item_1A._Risk)\n\n[**Risk Factors**](#RiskFactors)\n\n32\n\n[**Item 2**](#_Item_2._Unregistered)\n\n[**Unregistered Sales of Equity Securities and Use of Proceeds**](#UnregisteredSales)\n\n39\n\n[**Item 5**](#Item5OtherInformation_746013)\n\n[**Other Information**](#Item5OtherInformation_746013)\n\n39\n\n[**Item 6**](#_Item_6._Exhibits.)\n\n[**Exhibits**](#Exhibits)\n\n40\n\n​\n\n[**Signatures**](#SIGNATURES)\n\n41\n\n​\n\nIn this Form 10-Q, the term “StartEngine”, “we”, “us”, “our”, or “the Company” refers to StartEngine Crowdfunding, Inc. and our subsidiaries on a consolidated basis. The terms “StartEngine Capital” or “our funding portal” refers to StartEngine Capital LLC, the terms “StartEngine Secure” or “our transfer agent” refer to StartEngine Secure LLC, the terms “StartEngine Primary” or “our broker-dealer” refer to StartEngine Primary LLC, the term “StartEngine Private” refers to StartEngine Private LLC, the term “StartEngine Private Manager” refers to StartEngine Private Manager LLC, the term “StartEngine Adviser” refers to StartEngine Adviser LLC and the term “StartEngine Assets” refers to StartEngine Assets LLC.\n\n**THIS FILING MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.**\n\n2\n\n[Table of Contents](#TOC)\n\n**PART I FINANCIAL INFORMATION**"}