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6-K

STAK Inc. (STAK)

6-K 2026-05-13 For: 2026-05-13
View Original
Added on May 17, 2026

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM6-K


REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 OR 15d-16

UNDERTHE SECURITIES EXCHANGE ACT OF 1934

Forthe month of May 2026

CommissionFile Number: 001-42535

STAKINC.

(Registrant’sName)

Building11, 8th Floor, No. 6 Beitanghe East Road, Tianning District

Changzhou,Jiangsu,

People’sRepublic of China 213000

(Addressof principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

EXHIBITINDEX

Exhibit No. Description
99.1 STAK Inc. Announces Unaudited Financial Results for the First Half of 2026
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 13, 2026

STAK INC.
By: /s/ Chuanbo Jiang
Name: Chuanbo Jiang
Title: Chief Executive Officer
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Exhibit99.1

STAKInc. ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST HALF OF 2026

FirstHalf of Fiscal Year 2026 Financial Summary


Revenues<br> were $19.2 million for the first half of fiscal year 2026, an increase of 13.41% from $17.0 million for the first half of<br> fiscal year 2025.
Gross<br> profit remained steady at $5.2 million for the first half of fiscal year 2025 and 2026.
Gross<br> profit margin was 27.24% for the first half of fiscal year 2026, compared to 30.65% for the first half of fiscal year 2025.
Net<br> income was $1.8 million for the first half of fiscal year 2026, compared to $2.0 million for the first half of fiscal year 2025.
Basic<br> and diluted earnings per share were $0.14 for the first half of fiscal year 2026, compared to $0.20 for the first half of fiscal<br> year 2025.

FirstHalf 2026 Financial Results

Revenues


Our revenues for the six months ended December 31, 2025 and 2024 were $19.2 million and $17.0 million, respectively. The 13.41 % increase in revenues was mainly driven by the increase in order volumes and increase in sale prices of specialized oilfield vehicles. This increase was partially offset by the decrease in demand for sales of specialized oilfield equipment.

Costof revenues


Cost of revenues consists primarily of manufacturing and purchase cost of raw materials, depreciation, maintenance, and other overhead expenses. Our cost of revenues increased by $2.2 million, or 18.99%, to $14.0 million for the six months ended December 31, 2025 from $11.8 million for the six months ended December 31, 2024. The increase in cost was mainly attributable to increase in sales volume for specialized oilfield vehicles.

Grossprofit


Gross profit remained steady at $5.2 million for the six months ended December 31, 2025 and 2024. Gross profit margin decreased from 30.65% for the six months ended December 31, 2024 to 27.24% for the six months ended December 31, 2025. The decrease in gross profit margin was primarily driven by increase in production cost of newly developed vehicles and our promotional sales policy to expand the market. The gross profit remained steady mainly due to the decrease in unit profit margin was offset by an increase in sales volume.

Sellingand marketing expenses


Our selling and marketing expenses consist primarily of commission.

Our selling and marketing expenses slightly decreased by $0.1 million, or 13.76% , to $0.5 million for the six months ended December 31, 2025 from $0.6 million for the six months ended December 31, 2024. The observed revenue expansion reflects our management team’s direct business development efforts rather than commission-based sales channels, thereby maintaining stable commission expenditure.

Generaland administrative expenses


Our general and administrative expenses consist primarily of professional fees, salaries and welfare expenses, provision for credit losses, and others, which primarily includes depreciation and amortization expenses and rental expenses.

Our general and administrative expenses increased by $0.2 million, or 27.27%, to $1.0 million for the six months ended December 31, 2025 from $0.8 million for the six months ended December 31, 2024, which attributed to the increase in professional fees of $0.7 million and was offset by an decrease of provision for credit losses $0.5 million.

Researchand development expenses


Our research and development expenses consist primarily of (i) parts and materials in relation to testing materials; and (ii) design and development expenses, with new technology, materials and suppliers and other research and development related expenses for designing and testing.

Research and development expenses slightly increased by $0.1 million, or 2.69%, to $1.6 million for the six months ended December 31, 2025 from $1.5 million for the six months ended December 31, 2024. The increase in research and development expenses is mainly driven by the stage and scale of our equipment development.

Incometax expense


The People’s Republic of China enterprise income tax (the “EIT”) is calculated based on the taxable income determined under the applicable EIT Law and its implementation rules. Our income tax expense remained steady at $0.2 million for the six months ended December 31, 2025 and 2024.

Netincome


As a result of the foregoing, we recorded net income of $1.8 million and $2.0 million for the six months ended December 31, 2025 and 2024, respectively.

AboutSTAK Inc.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company’s website at https://www.stakindustry.com/ir/.

Forward-LookingStatements

Certainstatements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks anduncertainties and are based on the Company’s current expectations and projections about future events that the Company believesmay affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-lookingstatements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,”“expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,”“will,” “would,” “should,” “could,” “may” or similar expressions. The Companyundertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances,or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in theseforward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautionsinvestors that actual results may differ materially from the anticipated results and encourages investors to review other factors thatmay affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Formore information, please contact:

STAKInc.

Investor Relations Department

Email: ir@stakindustry.com

AscentInvestor Relations LLC

Tina Xiao

Phone: +1-646-932-7242

Email: investors@ascent-ir.com


INDEXTO CONSOLIDATED FINANCIAL STATEMENTS

Page
CONSOLIDATED FINANCIAL STATEMENTS
UNAUDITED<br> CONDENSED CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2025 AND JUNE 30, 2025 F-2
UNAUDITED<br> CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024 F-3
UNAUDITED<br> CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024 F-4
UNAUDITED<br> CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024 F-5
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STAKINC.

UNAUDITEDCONDENSED CONSOLIDATED BALANCE SHEETS

(Expressedin U.S. dollars, except for the number of shares)

June<br> 30, 2025
Assets
Current assets:
Cash and cash equivalents 1,923,399 $ 1,022,625
Accounts receivable, net 2,980,649 1,988,785
Inventories 18,313,220 17,018,217
Advances to suppliers 771,306 562,473
Amounts due from a related party - 87,472
Prepayments and other<br> current assets, net 1,869,325 2,783,842
Total current assets 25,857,899 23,463,414
Non-current assets:
Property and equipment, net 274,938 293,023
Intangible assets, net 2,003,067 2,022,918
Right-of-use assets, net 47,843 74,562
Deferred tax assets 790,723 785,700
Other assets 369,816 114,888
Total<br> non-current assets 3,486,387 3,291,091
Total<br> assets 29,344,286 $ 26,754,505
Liabilities and shareholder’s<br> equity
Liabilities
Current liabilities:
Accounts payable 2,465,645 $ 3,722,525
Deferred revenues 744,094 1,164,334
Amounts due to related parties 70,695 30,222
Accrued expenses and other current liabilities 1,140,148 1,116,014
Short-term borrowings 7,568,889 5,636,831
Operating lease liabilities, current - 73,530
Income tax payable 1,967,290 1,692,519
Total current liabilities 13,956,761 13,435,975
Non-Current liabilities:
Long-term borrowing 428,994 418,784
Total<br> non-current liabilities 428,994 418,784
Total<br> liabilities 14,385,755 $ 13,854,759
Commitments and contingencies
Shareholder’s equity
Class A ordinary shares (par value of 0.001<br> per share; 75,000,000 shares authorized; 4,010,349 shares issued and outstanding as of December 31, 2025 and June 30, 2025, respectively) 4,010 4,010
Class B ordinary shares (par value of 0.001<br> per share; 25,000,000 shares authorized; 9,200,000 shares issued and outstanding as of December 31, 2025 and June 30, 2025, respectively) 9,200 9,200
Additional paid in capital 12,157,104 12,157,104
Statutory reserve 672,402 672,402
Retained earnings 2,141,804 324,893
Accumulated other comprehensive<br> loss (25,989 ) (267,863 )
Total<br> shareholders’ equity 14,958,531 12,899,746
Total<br> liabilities and shareholder’s equity 29,344,286 $ 26,754,505

All values are in US Dollars.

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STAKINC.

UNAUDITEDCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Expressedin U.S. dollars, except for number of shares)

For<br> the Six Months Ended December 31,
2025 2024
Revenues $ 19,230,376 $ 16,955,913
Cost of revenues (13,992,367 ) (11,759,741 )
Gross profit 5,238,009 5,196,172
Operating expenses:
Selling and marketing expenses (516,973 ) (599,471 )
General and administrative expenses (1,026,832 ) (806,833 )
Research and development<br> expenses (1,584,450 ) (1,542,926 )
Total operating expenses (3,128,255 ) (2,949,230 )
Operating income 2,109,754 2,246,942
Other (expense) income:
Interest expense, net (105,896 ) (89,907 )
Other income, net 56,034 -
Government subsidies - 17,006
Total other expense,<br> net (49,862 ) (72,901 )
Income before income<br> tax expense 2,059,892 2,174,041
Income tax expense (242,981 ) (174,678 )
Net<br> income 1,816,911 1,999,363
Net income per ordinary share:
Earnings per share,<br> basic and diluted $ 0.14 $ 0.20
Weighted average<br> number of shares outstanding, basic and diluted* 13,210,349 10,000,000
Net income $ 1,816,911 $ 1,999,363
Foreign currency translation<br> adjustments 241,874 (83,516 )
Total<br> comprehensive income $ 2,058,785 $ 1,915,847

* On June 13, 2025, the Company’s authorized share capital was increased (the “Increase of Authorized Share Capital”), and re-designated from US$50,000 divided into 50,000,000 ordinary shares of par value US$0.001 each to US$100,000 divided into 100,000,000 ordinary shares of per value US$0.001. All share and per share amounts presented in the accompanying consolidated financial statements have been retrospectively adjusted for all periods presented, unless otherwise indicated.

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STAKINC.

UNAUDITEDCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Expressedin U.S. dollars, except for number of shares)

Ordinary<br> shares* Additional<br> paid-in Statutory Retained Accumulated<br> other comprehensive Total shareholders’
Shares Amount capital reserves earnings loss equity
Balance<br> as of July 1, 2024 10,000,000 $ 10,000 $ 4,249,517 $ 672,402 $ 6,037,573 $ (388,543 ) $ 10,580,949
Net income - - - - 1,999,363 - 1,999,363
Appropriation to statutory reserve - - - 205,419 (205,419 ) - -
Foreign currency translation<br> adjustments - - - - - (83,516 ) (83,516 )
Balance<br> as of December 31, 2024 (unaudited) 10,000,000 $ 10,000 $ 4,249,517 $ 877,821 $ 7,831,517 $ (472,059 ) $ 12,496,796

* On June 13, 2025, the Company’s authorized share capital was increased (the “Increase of Authorized Share Capital”), and re-designated from US$50,000 divided into 50,000,000 ordinary shares of par value US$0.001 each to US$100,000 divided into 100,000,000 ordinary shares of per value US$0.001. All share and per share amounts presented in the accompanying consolidated financial statements have been retrospectively adjusted for all periods presented, unless otherwise indicated.

Class<br> A ordinary shares Class<br> B ordinary shares Additional<br> paid-in Statutory Retained Accumulated<br> other comprehensive Total shareholders’
Shares Amount Shares Amount capital reserves earnings loss equity
Balance<br> as of July 1, 2025 4,010,349 $ 4,010 9,200,000 $ 9,200 $ 12,157,104 $ 672,402 $ 324,893 $ (267,863 ) $ 12,899,746
Net income - - - - - - 1,816,911 - 1,816,911
Foreign currency translation<br> adjustments - - - - - - - 241,874 241,874
Balance<br> as of December 31, 2025 (unaudited) 4,010,349 $ 4,010 9,200,000 $ 9,200 $ 12,157,104 $ 672,402 $ 2,141,804 $ (25,989 ) $ 14,958,531
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STAKINC.

UNAUDITEDCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressedin U.S. dollars)


For<br> the Six Months Ended December 31,
2025 2024
CASH FLOWS FROM OPERATING<br> ACTIVITIES:
Net income $ 1,816,911 $ 1,999,363
Adjustments to reconcile<br> net income to net cash provided by (used in) operating activities:
Provision for credit losses 23,608 524,509
Depreciation of property and equipment 24,765 166,058
Amortization of intangible assets 67,900 2,538
Amortization of operating lease right-of-use<br> asset 28,012 9,624
Deferred income tax 13,785 (125,305 )
Changes in operating assets<br> and liabilities:
Accounts receivable (976,367 ) (5,791,039 )
Advance to suppliers (192,276 ) 1,355,963
Inventories (863,885 ) (5,231,547 )
Amounts due from/due to related parties 130,432 66,712
Prepaid expenses and other current assets 936,875 73,201
Other assets (253,510 ) 35,512
Accounts payable 221,333 6,037,020
Deferred revenues (440,372 ) -
Income tax payable 229,196 299,996
Accrued expenses and other current liabilities (25,152 ) (421,174 )
Operating lease liabilities (73,936 ) -
Net<br> cash provided by (used in) operating activities $ 667,319 $ (998,569 )
CASH FLOWS FROM INVESTING<br> ACTIVITIES:
Purchases of property and equipment - (3,082 )
Proceeds received from disposal of property and equipment 506,471 -
Loans to third parties (640,072 ) (209,010 )
Collection of loans to<br> third parties 167,036 350,022
Net<br> cash provided by investing activities $ 33,435 $ 137,930
CASH FLOWS FROM FINANCING<br> ACTIVITIES:
Proceeds from short-term bank loans 2,196,738 2,424,513
Repayments of short-term bank loans (1,979,310 ) (1,741,748 )
Repayments of long-term<br> bank loans - (118,439 )
Net<br> cash provided by financing activities $ 217,428 $ 564,326
Effect of exchange rate changes on cash and<br> cash equivalents (17,408 ) (1,319 )
Net increase (decrease) in cash and cash equivalents 900,774 (297,632 )
Cash and cash equivalents,<br> at beginning of the period 1,022,625 658,154
Cash<br> and cash equivalents, at the end of the period $ 1,923,399 $ 360,522
SUPPLEMENTAL DISCLOSURE<br> OF CASH FLOW INFORMATION:
Interest paid 106,103 90,523
Income taxes paid - -
SUPPLEMENTAL DISCLOSURE<br> OF NON-CASH ACTIVITIES:
Addition of right-of-use assets - 105,760
Reclassification of accounts payables into supplier finance obligations 1,544,173 -
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