# AEGIS INVESTMENTS, INC. X-17A-5 (2026-06-22) — Broker-dealer annual report - Company: AEGIS INVESTMENTS, INC. - Form: X-17A-5 - Filed: 2026-06-22 - Period: 2025-12-31 - Accession: 0000759220-26-000004 - CIK: 759220 - File #: 8-33137 - Type: Broker-dealer - Material weakness: No - Auditor: Rick Ellingson - Auditor location: Edina, MN - Contact: Linda Ingle - Phone: 6123364432 - Email: linda@aegisinvestments.net - Website: aegisinvestments.net - Signed by: Linda Leigh Ingle (President) Original filing: https://www.sec.gov/Archives/edgar/data/759220/000075922026000004/X17a5.pdf --- {0}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION** **Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-S PART** Ill SEC FILE NUMBER 8-33137 **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** | FILING FOR THE PERIOD BEGINNING | | ___
0_1_/0_1_/_20_2_5 | __
AND ENDING | ____ | 12_/_3_1/_2_0_2_5_
MM/DD/VY | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------------------------------|-----------------|------------------------------------------|--| | | | MM/DD/VY | | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | __
NAME OF FIRM: | | A_E_G_I_S_IN_V_E_S_TM_E_N_T_S_, _IN_C_. | ____________ | | _ | | | TYPE OF REGISTRANT (check all applicable boxes):
l;iQ Broker-dealer | D Security-based swap dealer
D Check here if respondent is also an OTC derivatives dealer | | D Major security-based swap participant | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | 4915 W 35TH STREET, SUITE 100 | | | | | | | | | (No. and Street) | | | | | | ST. LOUIS PARK | | | MN | | 55416 | | | | (City) | (State) | | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | LINDA INGLE | | 612-336-4432 | LINDA@AEGISINVESTMENTS.NET | | | | | (Name) | | (Area Code -Telephone Number) | | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | | | | | | | | | | | ELLINGSON & ELLINGSON, LTD. | | (Name - if individual, state last, first, and middle name) | | | | | | 5101 VERNON AVES #501 | | EDINA | | MN | 55436 | | | (Address) | | (City) | | (State) | (Zip Code) | | | 11/17/2009 | | | 3923 | | | | | l" | of R,g;m,uoo w;th PCAOB)Of appUcableJ | | | | (PCAOB R,g;m,uoo N,mbe<, ;r apPlkabl,J I | | | | | FOR OFFICIAL USE ONLY | | | | | | * Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public
accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 | | | | | | | CFR 240.l 7a-S(e)(l)(ii), if applicable. **Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number.** {1}------------------------------------------------ # **OATH OR AFFIRMATION** 1, LINDA INGLE swear (or affirm) that, to the best of my knowledge and belief, the financial rep9rtyertaining to the firm of AEGIS INVESTMENTS, INC. as of **DECEMBER 31 2.Q25\_,** is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. ![](_page_1_Picture_5.jpeg) # **This filing\*\* contains (check all applicable boxes):** - ~ (a) Statement of financial condition. - □ (bl Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in§ 210.1-02 of Regulation S-X). - □ (d) Statement of cash flows. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D (j) Computation for determination of customer reserve requirements pursuant to Exh ibit A to 17 CFR 240.15c3-3. - □ (kl Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.1Sc3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - **'ii/** (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). D (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5{e)(3) or 17 CFR 240.18a-7{d){2), as applicable. {2}------------------------------------------------ # **ellingson** EllingsonCPAs 8000 W78th St.• Ste 290 Edina, Minnesota • 55439 952. 929. 031 5 eUingsoncpas.com # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** The Board of Directors and Stockholder Aegis Investments, Inc. Minneapolis, Minnesota # **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Aegis Investments, Inc. (the "Company") as of December 31 , 2025. In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31 , 2025 in conformity with accounting principles generally accepted in the United States of America. # **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. 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 the Company 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 statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud , and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. ~.twrJCPA.s Ellingson & Ellingson, Ltd. We have served as the Company's auditor since 2006. Edina, Minnesota **February 26, 2026** 1 {3}------------------------------------------------ # **AEGIS INVESTMENTS, INC. STATEMENT OF FINANCIAL CONDITION As of December 31, 2025** | ASSETS | | |--------------------------------------------|-------------| | CURRENT ASSETS | | | Cash and cash equivalents | \$122,766 | | Accounts receivable | 6,896 | | | 129,662 | | | | | PROPERTY AND EQUIPMENT | | | Office equipment | 13,583 | | Less : accumulated depreciation | (13,583) | | | | | | | | OTHER ASSETS | | | Rent deposit | 1,100 | | | | | Total Assets | \$130,762 | | | | | | | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | | | CURRENT LIABILITIES | | | Accrued commissions and other expenses | \$
4,791 | | Income taxes payable | 1,131 | | | 5,922 | | COMMITMENTS AND CONTINGENCIES | | | | | | STOCKHOLDER'S EQUITY | | | Common stock, no par value, | 12,000 | | 100,000 shares authorized, | | | 2,200 shares issued and outstanding | | | Retained earnings | | | | 112,840 | | | 124,840 | | | | | Total Liabilities and Stockholder's Equity | \$130,762 | See accompanying Notes to Financial Statements {4}------------------------------------------------ # **AEGIS INVESTMENTS, INC. NOTES TO FINANCIAL STATEMENTS December 31, 2025** # **1. Organization and Nature of Business** Aegis Investments, Inc. {the Company) is a non-carrying broker-dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority {FINRA). The Company is a Minnesota Corporation. # **2. Summary of Significant Accounting Policies** This summary of significant accounting policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles. # Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates. ## Cash Equivalents - The Company considers securities with maturities of three months or less, when purchased, to be cash equivalents. # Accounts Receivable - Accounts receivable consist of amounts due from contracts with customers where the performance obligation was completed by the end of the fiscal year, but funds were not received until after the fiscal year end. Based on management's assessment of collections history, it has concluded that realization losses on balances outstanding will be immaterial. Therefore, there was no allowance for doubtful accounts recorded in the financial statements at December 31, 2025. #### Property and Equipment - Property and equipment are recorded at cost. Depreciation is computed using the straight-line method for both financial reporting and income tax accounting purposes over useful lives of five or seven years. #### Income Taxes - The provision for income tax in the financial statements relates to the items of income and expenses included in such statements. #### Concentrations of Credit Risk - The Company does not believe that it is exposed to any significant credit risk in connection with the extension of credit to its customers. Historically, the Company has had no bad debt write-offs. #### Commissions - Commissions and related clearing expenses are recorded on a trade-date basis as securities transactions occur. {5}------------------------------------------------ # **AEGIS INVESTMENTS, INC. NOTES TO FINANCIAL STATEMENTS December 31, 2025** # **2. Summary of Significant Accounting Policies (continued)** # Revenue Recognition The Company has adopted Financial Accounting Standards Board issued ASU 2014-09 Revenue from Contracts with Customers which is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Revenue is measured based on the amount of consideration specified in a contract with a customer. The Company recognizes revenue when and as performance obligations are satisfied. Commissions earned on securities transactions and mutual fund servicing fees are recorded on a settlement-date basis. # Subsequent Events - The Company evaluates events or transactions that occur subsequent to year end for potential recognition or disclosure in the financial statements through the date on which the financial statements are available to be issued. The financial statements were approved by management and available to be issued on February 26, 2026. #### **3. Earnings Per Share** Earnings per share were computed based upon the weighted average shares outstanding. The weighted average shares outstanding at December 31, 2025, were 2,200 common shares. #### **4. Leases** In February 2016, the FASS issued ASU 2016-02, Leases (Topic 842), for reporting leases, which requires an entity that is a lessee to classify leases as either finance or operating and to recognize a lease liability and a right-of-use asset for all leases that have a term of greater than 12 months. Leases of 12 months or less will be accounted for similar to existing guidance for operating leases. The new standard became effective for the annual reporting period beginning January 1, 2022. The Company has determined that there is no impact on its financial statements from adopting this standard. The Company leases office space in Minneapolis, Minnesota. The twelve-month term of the lease commenced on September 1, 2024, and terminated on August 31 , 2025. The Company currently leases the office space on a month-to-month basis. Since the term of the lease is 12 months or less, the office lease does not fall under the reporting standards of ASU 2016-02 and the lease payments are expensed to the period of use. {6}------------------------------------------------ # **AEGIS INVESTMENTS, INC. NOTES TO FINANCIAL STATEMENTS December 31, 2025** ### **5. Income Taxes** The Company has adopted FASB ASC 740-10-25, Accounting for Uncertainty in Income Taxes. The Company will record a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by the taxing authority. The Company continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The Company's evaluation on December 31 , 2025, revealed no uncertain tax positions that would have a material impact on the financial statements. The 2022 through 2025 tax years remain subject to examination by the IRS. The Company does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements. #### **6. Minimum Capital Requirements** The Company is subject to the Securities and Exchange Commission (SEC) Uniform Net Capital Rule (SEC Rule 15c3-1 ), which requires the maintenance of minimum capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2025, the Company had net capital of \$124,840, which was \$119,840 in excess of its required net capital of \$5,000. In addition, the Company's ratio of aggregate indebtedness to net capital was 4.74%. #### **7. Fair Value** All of the Company's financial assets and liabilities are carried at market value or at amounts, which, because of their short-term nature, approximate current fair value. # **8. Related Party Transactions** During the fiscal year ended December 31, 2025, the Company paid commissions and consulting fees in the amount of \$43,730 to a family member of the owner. In addition, the Company paid commissions to the owner during the year in the amount of \$9,684. #### **9. Segment Reporting** The Company generates revenues from primarily four sources: mutual fund commissions, 12b-1 fees, trading commissions, and revenue sharing agreements as follows: | Mutual Fund 12b-1 Fees | | 69,929 | |---------------------------|----|---------| | Trading Commissions | | 36,458 | | Mutual Fund Commissions | | 23,448 | | Re\enue Sharing Agreement | | 13,590 | | | | | | | \$ | 143,425 | The Company's customers are located in the United States. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.