Full text of PALICO LLC's X-17A-5 filed 2026-05-13 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ | 8-32983 | | |---------|--| | 01/01/25<br>12/31/25 | | | | | | |----------------------------------|--------------------------------------|------|-------|--|--| | | | | | | | | | | | | | | | Palico LLC | | | | | | | ■ | | | | | | | | | | | | | | 126 East 56th Street, Suite 1200 | | | | | | | | | | | | | | New York | New York<br>10022 | | | | | | | | | | | | | | | | | | | | Kenneth Boyar | 917-696-0316<br>ken.boyar@palico.com | | | | | | | | | | | | | | | | | | | | Katz Sapper & Miller, LLP | | | | | | | | | | | | | | 488 Madison Avenue | New York | NY | 10022 | | | | November 13, 2006 | | 2804 | | | | | | | | | | | | | | | | | | {1}------------------------------------------------ | Kenneth Boyar | | |---------------|--| | Palico LLC | | December 31 025 | Signature: | Kenneth Boyar | |------------|---------------| | - | | FINOP - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------  *Report of Independent Registered Public Accounting Firm* To the Member of Palico LLC # *Opinion on the Financial Statements* We have audited the accompanying statement of financial condition of Palico LLC as of December 31, 2025, and the related statements of operations, changes in member's equity and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of Palico LLC as of December 31, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. # *Basis for Opinion* These financial statements are the responsibility of Palico LLC's management. Our responsibility is to express an opinion on Palico LLC's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to Palico LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statemen…Read the full text as markdown