US corporate bankruptcy 2025: The United States is facing its worst wave of major corporate bankruptcies in 15 years, with new S&P Global data showing that 655 companies have collapsed so far this year through October, as per a report. That figure nearly matches the 687 filings recorded for all of 2024, and there are still months left in 2025.
BREAKING: 655 US large companies have gone bankrupt year-to-date, the highest number in 15 years.
This has already surpassed all previous full-year totals since 2011, except for 2024.
Since 2022, bankruptcies have risen nearly +100%.
This comes as 68 companies filed in… pic.twitter.com/OM5VmAGyck
— The Kobeissi Letter (@KobeissiLetter) November 14, 2025