$RPC

Ridgepost Capital, Inc.

CIK:0001841968|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES
Total revenues	$ 80,914	$ 72,704	$ 155,938	$ 140,371
OPERATING EXPENSES
Compensation and benefits	38,743	32,145	77,229	69,225
Professional fees	6,078	6,743	11,900	13,258
General, administrative and other	10,331	8,824	20,012	15,649
Remeasurement of contingent consideration	2,223	1,109	(1,793)	1,109
Amortization of intangibles	5,815	6,150	11,224	11,468
Strategic alliance expense	0	0	0	703
Total operating expenses	63,190	54,971	118,572	111,412
INCOME FROM OPERATIONS	17,724	17,733	37,366	28,959
OTHER (EXPENSE)/ INCOME
Interest expense, net	(6,569)	(6,799)	(12,971)	(13,216)
Other (losses) gains	(237)	(5,354)	234	(5,202)
Total other (expense)	(6,806)	(12,153)	(12,737)	(18,418)
Income before income taxes	10,918	5,580	24,629	10,541
Income tax expense	(2,433)	(1,380)	(6,455)	(1,645)
NET INCOME	8,485	4,200	18,174	8,896
Less: net income attributable to noncontrolling interests	(1,195)	(817)	(2,393)	(991)
NET INCOME ATTRIBUTABLE TO RIDGEPOST	$ 7,290	$ 3,383	$ 15,781	$ 7,905
Earnings per share
Basic earnings per share	$ 0.07	$ 0.03	$ 0.14	$ 0.07
Diluted earnings per share	$ 0.06	$ 0.03	$ 0.14	$ 0.07
Weighted average shares outstanding, basic	109,728	110,994	109,624	110,951
Weighted average shares outstanding, diluted	119,515	118,722	118,405	118,935
Management and Advisory Fees
REVENUES
Total revenues	$ 79,521	$ 71,516	$ 153,130	$ 138,251
Other Revenue
REVENUES
Total revenues	$ 1,393	$ 1,188	$ 2,808	$ 2,120

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 18,174	$ 8,896
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	18,012	17,621
Depreciation expense	992	781
Amortization of intangibles	11,224	11,468
Amortization of debt issuance costs and debt discount	736	738
Income from unconsolidated subsidiaries	(33)	(853)
Deferred tax expense	3,655	670
Loss on issuance of noncontrolling interests	0	6,524
Remeasurement of contra-revenue put option	0	240
Amortization of contingent payment to customers	492	306
Remeasurement of contingent consideration	(1,793)	1,109
Change in operating assets and liabilities:
Accounts receivable	1,012	11,849
Due from related parties	(4,579)	(12,435)
Prepaid expenses and other assets	7,051	(10,849)
Right-of-use assets	1,968	2,183
Accounts payable and accrued expenses	(11,628)	(6,666)
Accrued compensation and benefits	1,663	(18,500)
Due to related parties	(2,498)	(2,200)
Other liabilities	405	110
Derivative assets	(795)	0
Contingent consideration	0	(2,214)
Deferred revenues	(1,036)	98
Lease liabilities	(1,582)	(219)
Net cash provided by operating activities	41,440	8,657
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisitions, net of cash acquired	(127,175)	(40,237)
Funding of notes receivable	(394)	(58)
Proceeds from notes receivable	686	358
Investments in unconsolidated subsidiaries	(3)	(636)
Distributions from investments in unconsolidated subsidiaries	13	895
Software capitalization	(227)	(164)
Purchases of property and equipment	(558)	(3,093)
Net cash used in investing activities	(127,658)	(42,935)
CASH FLOWS USED IN FINANCING ACTIVITIES
Borrowings on debt obligations	161,000	59,500
Repayments on debt obligations	(44,125)	(7,000)
Repurchase of Class A common stock for employee tax withholding	(3,000)	(5,559)
Dividends paid	(8,414)	(8,094)
Issuance of noncontrolling interests	0	3,001
Distributions to noncontrolling interests	(2,080)	(311)
Debt issuance costs	(44)	0
Net cash provided by financing activities	94,525	306
Effect of foreign currency exchange rate changes on cash and cash equivalents	583	71
Net change in cash, cash equivalents and restricted cash	8,890	(33,901)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	28,886	68,115
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	37,776	34,214
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	12,158	12,937
Net cash paid for income taxes	4,155	2,314
NON-CASH INVESTING AND FINANCING ACTIVITIES
Additions to right-of-use assets	11	10,019
Additions to lease liabilities	11	10,019
Loss on issuance of noncontrolling interests	0	6,524
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents	36,637	33,440
Restricted Cash	1,139	774
Total cash, cash equivalents and restricted cash	37,776	34,214
Class A Common Stock
CASH FLOWS USED IN FINANCING ACTIVITIES
Repurchase of Class A common stock	(6,005)	(41,231)
Restricted Stock Units, Bonaccord Units
CASH FLOWS USED IN FINANCING ACTIVITIES
Cash settlement for Additional Bonaccord Units	$ (2,807)	$ 0

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 36,637	$ 28,152
Restricted cash	1,139	734
Accounts receivable	32,404	26,955
Notes receivable	6,913	7,205
Due from related parties	104,777	99,989
Investment in unconsolidated subsidiaries	1,426	1,403
Prepaid expenses and other assets	12,962	19,474
Property and equipment, net	10,045	10,170
Right-of-use assets	21,692	23,374
Derivative assets	869	74
Contingent payments to customers	16,019	18,153
Deferred tax assets, net	22,391	26,373
Intangibles, net	273,509	107,268
Goodwill	612,357	558,978
Total assets	1,153,140	928,302
LIABILITIES:
Accounts payable and accrued expenses	16,664	26,235
Accrued compensation and benefits	25,683	20,470
Due to related parties	1,187	3,685
Other liabilities	658	253
Contingent consideration	19,935	15,599
Accrued contingent liabilities	28,455	30,097
Deferred revenues	16,849	17,726
Lease liabilities	28,385	29,681
Deferred tax liabilities, net	7,245	7,893
Debt obligations	490,771	373,204
Total liabilities	635,832	524,843
COMMITMENTS AND CONTINGENCIES (NOTE 14)
STOCKHOLDERS' EQUITY:
Treasury stock	(130,129)	(124,125)
Additional paid-in-capital	673,571	665,847
Accumulated deficit	(179,030)	(194,811)
Accumulated other comprehensive income	2,937	4,342
Noncontrolling interests	149,849	52,096
Total equity	517,308	403,459
TOTAL LIABILITIES AND EQUITY	1,153,140	928,302
Class A Common Stock
STOCKHOLDERS' EQUITY:
Common stock value	79	78
Class B Common Stock
STOCKHOLDERS' EQUITY:
Common stock value	$ 31	$ 32