# KINGFISHER SECURITIES, LLC X-17A-5 (2026-03-09) — Broker-dealer annual report - Company: KINGFISHER SECURITIES, LLC - Form: X-17A-5 - Filed: 2026-03-09 - Period: 2025-12-31 - Accession: 0001103008-26-000003 - CIK: 1103008 - File #: 8-52271 - Type: Broker-dealer - Material weakness: No - Auditor: Ohab and Company, PA - Auditor location: Maitland, FL - Contact: Stuart Krahn - Phone: 6518907912 - Email: stuart@krahncapitalgroup.com - Website: krahncapitalgroup.com - Signed by: Stuart Krahn (President) Original filing: https://www.sec.gov/Archives/edgar/data/1103008/000110300826000003/audit2025_publicread.pdf --- {0}------------------------------------------------ PUBLIC **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 **ANNUAL REPORTS FORM X-17A-5 PART** Ill SEC FILE NUMBER **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 **01/01/2025** AND ENDING **12/31/2025** MM/DD/VY MM/DD/VY **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: Kingfisher Securities, LLC TYPE OF REGISTRANT (check all applicable boxes): □ Broker-dealer □ 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.) # 80 S. Eighth Street, Suite 900 | | | | 55402
(Zip Code) | | |----------------------|------------------------------------------------------------|-----------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|--| | | (State) | | | | | | | | | | | | | | stuart@krahncapitalgroup.com | | | | (Email Address) | | | | | | | | | | | OHAB AND COMPANY, PA | | | | | | | (Name --if individual, state last, first, and middle name) | | | | | | 100 E SYBELIA AVE, SUITE 130 MAITLAND | FL | 32751 | | | | (City) | (State) | (Zip Code) | | | | | 1839 | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING
651-890-7912
(Area Code -Telephone Number) | Minnesota
8. ACCOUNTANT IDENTIFICATION
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing | | 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 240.17a-5(e)(1)(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** | I, Stuart Krahn | | swear (or affirm) that, to the best of my knowledge and belief, the | | |-----------------|-----------------------------------------------------------------------|---------------------------------------------------------------------|-------| | | financial report pertaining to the firm of Kingfisher securities, LLC | | as of | **12/31** 20@",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. Ml.a.Mk Title: President aDANIELLE E. MORRIS **tE}** NOTARY PUBLIC-MINNESOTA # **This** " My Commission Expires Jan. 31, 2027 **filing\*\* contains (check all applicable boxes):** - Iii (a) Statement of financial condition. - a (b) Notes to consolidated statement of financial condition. - D (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 5 210.1-02 of Regulation S-X). - El (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - □ (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 Exhibit A to 17 CFR 240.15c3-3. - □ (k) 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. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to 5 240.15c3-3. - D (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. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 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. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - Iii (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. - El (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - Iii (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (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. - D (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. - El (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e 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 240.18-7(d)(2), as applicable.* {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) I00 E. Sybelia Ave. Suite 130 Maitland. F1 32751 *Certified Public Accountants* I\_mail pan@\_ohabeo con Telephone 407-740-7311 Fax 407-740-6441 ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Member of Kingfisher Securities, LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Kingfisher Securities, LLC as of December 3 1. 2025, and the related notes (collectively referred to as the 'financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of Kingfisher Securities, LLC 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 Kingfisher Securities, LLC's management. Our responsibility is to express an opinion on Kingfisher Securities, LLC's financial statement 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 Kingfisher Securities, 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 statement is 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 statement, 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 *(9{* We have served as Kingfisher Securities, LLC's auditor since 2021. Maitland, Florida February 10, 2026 {3}------------------------------------------------ # KINGFISHER SECURITIES, LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025 | ASSETS | | |------------------------------------------------------|--------------| | Cash | \$
19,129 | | Accounts Receivable | \$ | | Prepaid expenses | 44 | | Total assets | \$
19,173 | | LIABILITIES AND MEMBER'S EQUITY
Total Liabilities | | | Member's equity | | | Member's equity | 19,173 | | Total liabilities and member's equity | \$
19,173 | | | | The accompanying notes are an integral part of these financial statements. {4}------------------------------------------------ # KINGFISHER SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 # l. *Nature of Business and Significant Accounting Policies* #### Nature of Business Kingfisher Securities, LLC (the Company) is a registered securities broker-dealer that engages primarily in investment banking and advisory services. The Company is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). The Company does not have a fully disclosed clearing arrangement with any other broker-dealer and holds no customer funds or securities. The Company is wholly owned by Krahn Capital Group, LLC. The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including investment banking, private placements, and advisory services. #### Cash Equivalents For the purpose of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents. #### Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments. The Company maintains its cash in bank deposit accounts, which, at times may exceed federally insured limits. Management believes the Company is not exposed to any significant credit risk related to cash. #### Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. #### Revenue from Contracts The Company earns revenue from administrative fees, which are a set fee to cover costs of Representatives registered with the firm. {5}------------------------------------------------ # KINGFISHER SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 # Credit Losses The Company follows ASC Topic 326, Financial Instruments -- Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset. Under the accounting update, the Company has the ability to determine that there are no expected credit losses in certain circumstances (e.g., based on the credit quality of the customer). The Company did not have any accounts receivable at December 31, 2025. ### Income Taxes Income or loss of the Company is allocated to the member for income tax purposes. Therefore, no provision for income taxes is presented in these financial statements. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Company and recognize a tax liability (or asset) if the Company has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken, or expect to be taken, that would require recognition of a liability (or asset) or disclosure in the financial statement. The Company is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Company's income tax returns for the years ended December 31, 2022, 2023 and 2024, respectively, are subject to possible federal and state examination, generally three years after they are filed. Date of Management's Review Management has evaluated subsequent events through the date the financial statements were available to be issued and determined there were no items requiring adjustment of disclosure. # 2. *Net Capital Requirements* The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital and requires the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1 (and the rule of the "applicable" exchange also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1). Net capital and the related net capital ratio fluctuate on a daily basis; however, at December 31, 2025, net capital under the rule was \$19,129, which exceeded the minimum capital requirement by \$14,129. The Company had aggregate indebtedness of \$0 as of December 31, 2025, which equates to 0.0% of net capital. {6}------------------------------------------------ # KINGFISHER SECURITIES, LLC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 # 3. *Concentration* During 2025, there was no revenue concentration. # 4. *Related Parties* The Company has entered an agreement to share office expenses with Krahn Capital Group, LLC, the parent company. During the year ended December 31, 2025 there were shared office expenses paid to Krahn Capital Group totaling \$358 for the year for telephone, database, and rent. The Company is party to an administrative agreement which covers fees for two registered representatives, and the amount paid to the Company under this agreement totaled \$12,000 for the year ending December 31, 2025 and is included in administrative fees. # 5. *Single Reportable Segment* The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including investment banking, private placements, and advisory services. The Company has identified its President as the chief operating decision maker ("CODM"), who used net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 2), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, and single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. # 6. *Commitments and Contingencies* Kingfisher Securities, LLC does not have any commitments, guarantees or contingencies including arbitration or litigation claims that may result in a loss or future obligation. The Company is not aware of any threat or other circumstances that may lead to the assertion of a claim at a future date. # 7. *Company Condition* The Company had net income of \$5,518 for the year ending December 31, 2025. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.