Arrived Homes Duo, LLC — Series Interests (asset-backed)

Current

Quotation & ResaleUpdate due — interim (1-SA)Manual ExemptionCurrent

Audited consolidated financial statements as of and for the fiscal year ended December 31, 2025 are on file, with the fiscal 2024 income statement presented as an audited comparative (no 2024 balance sheet is presented in the source report). The auditor’s report contains a going-concern explanatory paragraph — see the auditor’s report and adverse-information sections. Capital structure reflects 11 series reconciled to the Mergent New Listing Report of July 24, 2026 (authorized and outstanding units as of December 31, 2025; total year-end units outstanding 374,090). Long-term debt at December 31, 2025 was $150,947 of secured mortgage payables, excluding current portion.

Issuer legal name: Arrived Homes Duo, LLC
Security: Series Interests (asset-backed) (Membership interests, no par value, issued on a per-series basis (each series holds real property))
CIK: None
Exemption relied on: Reg A
State of incorporation: Delaware
Transfer agent: Arrived Transfer Agent, LLC
GUARDD publication date: 2026-08-08
Last verified date: 2026-08-08
Next annual financials due: 2027-03-31
Machine-readable copy: /disclosures/arrived-homes-duo-llc/series-interests.json

Issuer name and address

Legal name: Arrived Homes Duo, LLC
Address: 1700 Westlake Ave N, Seattle, WA 98109, USA
State of incorporation: Delaware

Business description

Arrived Homes Duo, LLC was incorporated in Delaware on December 20, 2021. It permits public investment in individual single-family rental homes, each of which is held by a separate property-owning subsidiary owned by a separate series of limited liability company interests established by Arrived Fund Manager, LLC (the "Manager"). Principal executive offices are in Seattle, Washington; website www.arrived.com; telephone 814 277-4833; email legal-entity@arrived.com. Fiscal year end December 31. Source: issuer-furnished information reconciled to the Mergent New Listing Report dated July 24, 2026, which presents the Company’s audited consolidated financial statements for the year ended December 31, 2025 (2024 income statement presented as a comparative).

Officers and directors

Name	Title	Serving since
Ryan Frazier	Chief Executive Officer	Not disclosed
Sue Korn, MBA	Director	Not disclosed

Transfer agent, auditor, and legal counsel

Transfer agent: Arrived Transfer Agent, LLC
Auditor: Stephano Slack LLC
Legal counsel: Not disclosed

Capital structure

As of 2025-12-31.
Class or series	Authorized	Outstanding
Arrived Series Langosta — outstanding as of 2025-12-31	29,620	29,620
Arrived Series Glo — outstanding as of 2025-12-31	11,552	11,552
Arrived Series Hardy — outstanding as of 2025-12-31	40,282	40,282
Arrived Series Ryland — outstanding as of 2025-12-31	48,138	48,138
Arrived Series Scottsville — outstanding as of 2025-12-31	38,969	38,969
Arrived Series Glen — outstanding as of 2025-12-31	21,320	21,320
Arrived Series Manitoba — outstanding as of 2025-12-31	45,503	45,503
Arrived Series Caroline — outstanding as of 2025-12-31	39,523	39,523
Arrived Series Grayson — outstanding as of 2025-12-31	33,271	33,271
Arrived Series Bancroft — outstanding as of 2025-12-31	44,694	44,694
Arrived Series Fendley — outstanding as of 2025-12-31	21,218	21,218

Holders of record

Number of holders of record: Not disclosed
As of: Not disclosed

Financial statements

Amounts as reported by the issuer. Fiscal years labeled as stated in the underlying statements.
Line item	FY2025 (audited) FYE 2025-12-31 · Audited	FY2024 (audited, comparative — income statement only) FYE 2024-12-31 · Audited
Revenue	USD 261,383	USD 169,128
Net income (loss)	USD 43,418	(USD 129,395)
Total assets	USD 3,378,530	Not disclosed
Total liabilities	USD 235,559	Not disclosed
Cash	USD 166,676	Not disclosed
Auditor	Stephano Slack LLC	Stephano Slack LLC

Auditor’s report

Going-concern qualification

Going concern: "The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the consolidated financial statements, the Company’s lack of liquidity raises substantial doubt about their ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 3. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty."

Auditor: Stephano Slack LLC
Report date: Not disclosed
Opinion: Unqualified opinion on the consolidated financial statements as of and for the year ended December 31, 2025, with an explanatory paragraph on substantial doubt about the Company’s ability to continue as a going concern.
Going-concern qualification: Yes
Adverse opinion: No
Material weakness: No
Restatement: No

Tokenized security attributes

Displayed for every security. Where the security is not tokenized, each field is marked not applicable.

Security is tokenized: No
Contract address: Not applicable — security is not tokenized
Network: Not applicable — security is not tokenized
Token standard: Not applicable — security is not tokenized
Role of on-chain record: Not applicable — security is not tokenized
Transfer restriction enforcement: Not applicable — security is not tokenized
Holding period: Not applicable — security is not tokenized
Holding period expiration date: Not applicable — security is not tokenized
Issuer freeze authority: Not applicable — security is not tokenized
Issuer burn authority: Not applicable — security is not tokenized
Issuer reissue authority: Not applicable — security is not tokenized
Smart contract audit status: Not applicable — security is not tokenized
Smart contract auditor: Not applicable — security is not tokenized
Eligible trading venues: Not applicable — security is not tokenized
Collateral or lending arrangement: Not applicable — security is not tokenized

Regulatory currency

Publication date: 2026-08-08
Balance sheet date: 2025-12-31 (audited)
Financials through: 2025-12-31
Most recent audited balance sheet: 2025-12-31
Quotation & Resale (Rule 15c2-11 / Rule 144): Quotation & ResaleUpdate due — interim (1-SA)
Next due: 04/30/2027
State Manual Exemption (audited): Manual ExemptionCurrent
Next due: 06/30/2027

Both statuses are computed from the dates above against today’s date and recompute daily. Thresholds: interim 6 months, annual 16 months, audited (manual exemption) 18 months, with a 30-day warning window.