---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-023927"
form_type: "8-K"
ticker: "PRSI"
cik: "0000079661"
company_name: "PORTSMOUTH SQUARE INC"
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:32:43.672479+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Portsmouth Square Q1 FY2026 net loss widens to $2.6M; hotel revenue up 5% but costs rise

## Summary
- Net loss of $2.585M vs. $1.872M in Q1 FY2025; EBITDA fell 38.2% to $1.655M.
- Hotel revenue up 5.1% to $12.418M; OIBDA dropped 36% to $1.937M on 19.2% higher operating expenses.
- ADR $218 (+3.8%), occupancy 95% (-1 pt), RevPAR $207 (+2.5%).
- Cash & restricted cash $10.131M; management says going-concern doubt alleviated after March 2025 refinancing.
- CEO cites improving San Francisco convention calendar and tourism; macroeconomic risks remain.

## SEC filing metadata
- accession: 0001493152-25-023927
- form_type: 8-K
- ticker: PRSI
- cik: 0000079661
- company_name: PORTSMOUTH SQUARE INC
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79661/000149315225023927/0001493152-25-023927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79661/000149315225023927/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-023927
- JSON: https://secwatch.observer/filing/0001493152-25-023927.json
- Plain text: https://secwatch.observer/filing/0001493152-25-023927.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.