$STGW

Stagwell Inc

CIK:0000876883|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue:
Revenues	$ 786,307	$ 706,818	$ 1,490,450	$ 1,358,558
Operating expenses:
Cost of services	517,064	459,216	976,595	871,303
Office and general expenses	213,742	183,061	404,381	362,423
Depreciation and amortization	43,955	41,369	88,286	83,375
Costs and Expenses, Total	774,761	683,646	1,469,262	1,317,101
Operating Income (Loss), Total	11,546	23,172	21,188	41,457
Other income (expense):
Interest expense, net	(22,328)	(23,455)	(45,594)	(46,811)
Foreign exchange, net	605	(1,338)	(2,416)	(118)
Other, net	937	(360)	868	(111)
Nonoperating Income (Expense), Total	(20,786)	(25,153)	(47,142)	(47,040)
Loss before income taxes and equity in earnings of non-consolidated affiliates	(9,240)	(1,981)	(25,954)	(5,583)
Income tax (benefit) expense	(348)	2,673	(3,236)	4,395
Loss before equity in earnings of non-consolidated affiliates	(8,892)	(4,654)	(22,718)	(9,978)
Equity in income of non-consolidated affiliates	191	20	70	19
Net loss	(8,701)	(4,634)	(22,648)	(9,959)
Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests	585	(627)	1,559	1,781
Net loss attributable to Stagwell Inc. common shareholders	$ (8,116)	$ (5,261)	$ (21,089)	$ (8,178)
Earnings Per Share [Abstract]
Earnings per share, basic	$ (0.03)	$ (0.02)	$ (0.08)	$ (0.04)
Earnings per share, diluted	$ (0.03)	$ (0.02)	$ (0.08)	$ (0.06)
Weighted Average Number Of Shares Outstanding For Basic and Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic	245,908	260,774	248,328	186,843
Weighted Average Number of Shares Outstanding, Diluted	245,908	260,774	248,328	265,600

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ (22,648)	$ (9,959)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]
Stock-based compensation	32,815	31,497
Depreciation and amortization	88,286	83,375
Operating Lease, Right-of-Use Asset, Amortization Expense	32,232	34,075
Gain (Loss) on Termination of Lease	0	(3,529)
Deferred income taxes	(338)	(1,424)
Adjustment To Deferred Acquisition Consideration	19,091	3,437
Other, net	1,071	(7,517)
Changes in working capital:
Accounts receivable	9,595	7,941
Expenditures billable to clients	5,082	27,021
Other current assets	(58,849)	(41,375)
Accounts payable	(15,944)	25,333
Accrued expenses and other liabilities	(28,787)	(89,393)
Advance billings	39,278	35,765
Increase (Decrease) in Operating Lease Liability	(35,717)	(40,509)
Deferred acquisition related payments	(1,450)	0
Net Cash Provided by (Used in) Operating Activities, Total	63,717	54,738
Cash flows from investing activities:
Capitalized software	(62,446)	(29,241)
Capital expenditures	(21,623)	(18,088)
Acquisitions, net of cash acquired	(4,453)	14,172
Other	(1,150)	(1,779)
Net Cash Provided by (Used in) Investing Activities, Total	(89,672)	(34,936)
Cash flows from financing activities:
Repayment of borrowings under revolving credit facility	(972,100)	(925,000)
Proceeds from borrowings under revolving credit facility	1,096,100	1,038,000
Shares repurchased and cancelled	(87,956)	(67,504)
Distributions to noncontrolling interests and RNCI	(3,071)	(4,761)
Payment of deferred consideration	(337)	(16,103)
Tax Receivables Agreement payment	(2,554)	0
Payments of Financing Costs	0	(3,570)
Net Cash Provided by (Used in) Financing Activities, Total	30,082	21,062
Effect of exchange rate changes on cash and cash equivalents	809	9,106
Net increase in cash and cash equivalents	4,936	49,970
Cash and cash equivalents at beginning of period	104,537	131,339
Cash and cash equivalents at end of period	109,473	181,309
Supplemental Cash Flow Information:
Cash income taxes paid	14,457	14,303
Cash interest paid	45,464	46,800
Non-cash investing and financing activities:
Non-cash payment on deferred acquisition	483	0
Shares issued for business acquisitions	5,625	15,300
Right-of-use assets obtained in exchange for new operating lease liabilities	5,247	21,636
Addition to deferred tax asset related to exchange of Paired Units	0	204,722
Addition to Tax Receivables Agreement liability related to exchange of Paired Units	0	200,119
Conversion of Class C to Class A shares	$ 0	$ 447,562

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets, Current [Abstract]
Cash and cash equivalents	$ 109,473	$ 104,537
Accounts receivable, net	713,100	735,752
Expenditures billable to clients	159,320	164,694
Other current assets	211,279	157,309
Assets, Current, Total	1,193,172	1,162,292
Fixed assets, net	71,552	73,081
Operating Lease, Right-of-Use Asset	192,880	213,576
Goodwill	1,594,881	1,595,238
Other intangible assets, net	815,270	834,248
Deferred Tax Assets, Tax Deferred Expense	280,161	281,057
Other assets	51,600	55,055
Assets, Total	4,199,516	4,214,547
Liabilities, Current [Abstract]
Accounts payable	515,035	548,320
Accrued media	203,073	239,490
Accruals and other liabilities	299,293	291,554
Advance billings	369,465	329,815
Current portion of lease liabilities - operating leases	53,945	55,386
Current portion of deferred acquisition consideration	37,784	15,446
Liabilities, Current, Total	1,478,595	1,480,011
Long-term debt	1,450,112	1,326,013
Long-term portion of deferred acquisition consideration	19,083	24,598
Long-term lease liabilities - operating leases	201,597	224,397
Deferred Tax Liabilities, Tax Deferred Income	52,777	54,726
Long-term tax receivable agreement liability	252,390	252,390
Other liabilities	38,208	51,077
Liabilities, Total	3,492,762	3,413,212
Redeemable Noncontrolling Interest, Equity, Fair Value	20,313	24,968
Commitments and Contingencies
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Paid-in capital	685,139	744,463
Retained earnings	13,320	32,930
Accumulated other comprehensive loss	(29,319)	(19,252)
Stagwell Inc. shareholders’ equity	669,384	758,393
Noncontrolling interests	17,057	17,974
Total shareholders’ equity	686,441	776,367
Liabilities and Equity, Total	4,199,516	4,214,547
Common Class A and Common Class B
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Common shares	$ 244	$ 252