$RHLD

Resolute Holdings Management, Inc.

CIK:0002039497|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Condensed Consolidated Statements of Operations
Net sales	$ 473.2	$ 119.6	$ 881.0	$ 223.5
Cost of sales	308.2	50.8	560.4	100.2
Gross profit	165.0	68.8	320.6	123.3
Operating expenses:
Selling, general and administrative expenses	129.8	28.2	291.1	57.1
Income (loss) from operations	35.2	40.6	29.5	66.2
Other income (expense):
Interest income	0.3	1.5	0.5	2.6
Interest expense	(34.2)	(3.5)	(64.2)	(7.0)
Gain (loss) on debt extinguishment	96.2		(10.6)
Total other income (expense), net	62.3	(2.0)	(74.3)	(4.4)
Income (loss) before income taxes	97.5	38.6	(44.8)	61.8
Income tax benefit (expense)	(42.8)	(0.3)	6.9	(0.9)
Net income (loss)	54.7	38.3	(37.9)	60.9
Net income (loss) attributable to non-controlling interest	67.1	38.9	(87.0)	64.9
Net income (loss) attributable to common stockholders	$ (12.4)	$ (0.6)	$ 49.1	$ (4.0)
Net income (loss) per share attributable common stockholders - Basic	$ (1.53)	$ (0.07)	$ 5.93	$ (0.47)
Net income (loss) per share attributable common stockholders - Diluted	$ (1.53)	$ (0.07)	$ 5.87	$ (0.47)
Weighted average shares - Basic	8,103,475	8,525,998	8,281,315	8,525,998
Weighted average shares - Diluted	8,103,475	8,525,998	8,363,195	8,525,998

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ (37.9)	$ 60.9
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	123.6	4.6
Equity-based compensation expense	5.2	12.4
Fair value inventory step-up	23.6
Amortization of deferred financing costs	1.7	0.3
Non-cash operating lease expense	8.0	1.2
Loss on extinguishment of debt	(29.9)
Deferred tax (benefit) expense	(26.3)
Unrealized foreign exchange loss (gain)	(4.1)
Other	3.8
Changes in assets and liabilities
Accounts receivable, net	17.3	(21.6)
Inventories, net	(23.7)	0.6
Taxes receivable	(3.1)
Prepaid expenses and other assets	8.1	(1.2)
Accounts payable	(27.4)	8.8
Accrued expenses	(88.7)	1.8
Deferred revenue	23.1
Income tax payable	10.6	0.7
Lease liabilities	(7.0)	(1.2)
Other liabilities	(0.1)	0.1
Net cash provided by (used in) operating activities	(23.2)	67.4
Cash flows from investing activities:
Purchase of property and equipment	(19.7)	(1.6)
Proceeds from sale of property and equipment and intangible assets	0.2
Capitalized software costs	(7.4)	(1.2)
Cash used for acquisition, net of acquired cash	(665.2)
Maturities of short-term investments	41.1
Sales of short-term investments	3.0
Net cash used in investing activities	(648.0)	(2.8)
Cash flows from financing activities:
Repayment of debt, inclusive of fees	(3,379.3)	(5.0)
Proceeds from issuance of long-term debt, net of discounts	2,623.5
Repayment of preference share capital	(457.4)
Contributions from GPGI/by GPGI Holdings	2,120.3	11.9
Contribution to Resolute Holdings		(11.9)
Payments for taxes related to net share settlement of GPGI equity awards	(26.6)	(15.4)
Distributions to GPGI Holdings' members	(131.7)	(15.9)
Share repurchases	(87.5)
Debt issuance costs	(38.3)
Net cash provided by (used in) financing activities	623.0	(36.3)
Effect of exchange rate changes on cash and cash equivalents	3.8
Net increase (decrease) in cash and cash equivalents	(44.4)	28.3
Cash and cash equivalents, beginning of period	161.4	71.6
Cash and cash equivalents, end of period	117.0	99.9
Supplementary disclosure of cash flow information:
Cash paid for interest expense	31.8	6.6
Cash paid for income taxes	7.1	0.2
Supplemental disclosure of non-cash financing activities:
Equity contribution from GPGI for acquisition using GPGI Class A Common Stock	1,143.0
Equity used for acquisition	(1,143.0)
Consolidation of GPGI Holdings net assets (liabilities), excluding cash, from execution of CompoSecure Management Agreement		(98.5)
Operating lease right of use assets exchanged for lease liabilities	34.1	5.3
Derivative asset - interest rate swap		$ (1.3)
Recognition of non-cash interest carryforward to GPGI (per section 163j)	$ 2.9

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 117.0	$ 161.4
Short-term investments		44.1
Accounts receivable, net	296.5	44.2
Inventories, net	322.9	44.2
Income tax receivable	7.1	0.2
Deferred tax asset	37.7
Prepaid expenses and other current assets	36.9	3.4
Total current assets	818.1	297.5
Property and equipment, net	572.0	21.6
Goodwill	2,916.5
Intangible assets, net	1,711.8	1.9
Right of use assets, net	67.0	9.9
Deferred tax asset	28.0	0.2
Other long-term assets	13.9	1.6
Total assets	6,127.3	332.7
CURRENT LIABILITIES
Accounts payable	87.5	11.9
Accrued expenses	250.7	48.4
Deferred revenue	183.4	0.0
Income tax payable	42.8	0.1
Current portion of long-term debt	24.0	15.0
Current portion of lease liabilities - operating leases	11.5	2.2
Other current liabilities	5.5
Total current liabilities	605.4	77.6
Income tax payable	22.4
Long-term debt, net of deferred financing costs	2,153.5	169.1
Deferred tax liability	214.9
Lease liabilities, operating leases	55.3	8.3
Other long-term liabilities, net	22.4
Total liabilities	3,073.9	255.0
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.0001 par value; 1,000,000,000 shares authorized, 7,829,142 and 8,500,694 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.
Additional paid-in capital	19.3	18.9
Retained earnings (accumulated deficit)	40.8	(8.3)
Treasury stock	(91.6)	(4.1)
Total stockholders' equity (deficit)	(31.5)	6.5
Non-controlling interest	3,084.9	71.2
Total equity (deficit)	3,053.4	77.7
Total liabilities and stockholders' equity (deficit)	$ 6,127.3	$ 332.7