Resolute Holdings Reports Third Quarter 2025 Results
Resolute Holdings (NYSE: RHLD) reported results for the fiscal third quarter ended September 30, 2025. Under U.S. GAAP Resolute consolidated CompoSecure Holdings and reported GAAP net loss attributable to common stockholders of $231,000 (EPS $(0.03)) for the quarter and a nine-month net loss of $4.208M (EPS $(0.49)).
The company reported Fee-Related Earnings of $1.093M and Fee-Related EPS of $0.13 for the quarter, driven by management fees of $3.698M. Management will enter a substantially similar management agreement with Husky following CompoSecure’s planned business combination and a required consolidation following the spin-off.
Resolute Holdings (NYSE: RHLD) ha riportato i risultati per il trimestre fiscale terminato il 30 settembre 2025. Secondo i principi US GAAP, Resolute ha consolidato CompoSecure Holdings e ha riportato una perdita netta GAAP attribuibile agli azionisti ordinari di 231.000 dollari (EPS -0,03) per il trimestre e una perdita netta di nove mesi di 4,208 milioni di dollari (EPS -0,49).
L'azienda ha registrato Fee-Related Earnings di 1,093 milioni di dollari e Fee-Related EPS di 0,13 dollari per il trimestre, trainate da commissioni di gestione per 3,698 milioni di dollari. La direzione stipulerà un accordo di gestione sostanzialmente analogo con Husky dopo la fusione pianificata di CompoSecure e la necessaria consolidazione a seguito dello spin-off.
Resolute Holdings (NYSE: RHLD) informó resultados para el tercer trimestre fiscal terminado el 30 de septiembre de 2025. Bajo US GAAP Resolute consolidó CompoSecure Holdings y reportó una pérdida neta GAAP atribuible a los accionistas comunes de $231,000 (EPS $(0.03)) para el trimestre y una pérdida neta de los primeros nueve meses de $4.208 millones (EPS $(0.49)).
La empresa informó ganancias por honorarios de $1.093 millones y EPS por honorarios de $0.13 para el trimestre, impulsadas por tarifas de gestión de $3.698 millones. La dirección contratará un acuerdo de gestión sustancialmente similar con Husky tras la prevista fusión de negocios de CompoSecure y la consolidación requerida tras la separación.
Resolute Holdings (NYSE: RHLD)는 2025년 9월 30일 종료된 회계 연도 제3분기 실적을 발표했습니다. 미국 일반회계기준(GAAP) 하에 Resolute는 CompoSecure Holdings를 통합했고 분기에 보통주 주주에게 귀속되는 GAAP 순손실 231,000달러(EPS -0.03)를, 그리고 9개월 순손실 4.208백만 달러(EPS -0.49)를 보고했습니다.
또한 회사는 이번 분기에 수수료 관련 이익 1.093백만 달러와 수수료 관련 주당순이익 0.13달러를 보고했으며, 관리수수료는 3.698백만 달러에 달했습니다. 경영진은 CompoSecure의 예정된 사업결합 후 Husky와 유사한 관리계약을 체결하고 spin-off 이후 필요한 합병을 진행할 예정입니다.
Resolute Holdings (NYSE: RHLD) a publié ses résultats pour le troisième trimestre fiscal terminé le 30 septembre 2025. Selon les PCGA américains, Resolute a consolidé CompoSecure Holdings et a enregistré une perte nette GAAP attribuable aux actionnaires ordinaires de 231 000 $ (BPA -0,03) pour le trimestre et une perte nette sur neuf mois de 4,208 M$ (BPA -0,49).
L'entreprise a enregistré des Earnings liés aux frais de 1,093 M$ et un BPA lié aux frais de 0,13 $ pour le trimestre, tirés par des frais de gestion de 3,698 M$. La direction conclura un accord de gestion substantiellement similaire avec Husky après la fusion envisagée de CompoSecure et la consolidation requise à la suite de la scission.
Resolute Holdings (NYSE: RHLD) hat die Ergebnisse für das am 30. September 2025 beendete dritte Quartal berichtet. Nach US-GAAP hat Resolute CompoSecure Holdings konsolidiert und einen GAAP-Nettoverlust, der Anteilsinhabern der Stammaktien zuzurechnen ist, von 231.000 USD (EPS -0,03) für das Quartal sowie einen Neunmonats-Nettoverlust von 4,208 Mio. USD (EPS -0,49) gemeldet.
Das Unternehmen meldete Fee-Related Earnings von 1,093 Mio. USD und Fee-Related EPS von 0,13 USD für das Quartal, angetrieben durch Managementgebühren in Höhe von 3,698 Mio. USD. Die Geschäftsführung wird eine weitgehend ähnliche Managementvereinbarung mit Husky nach der geplanten Geschäftszusammenführung von CompoSecure und einer erforderlichen Konsolidierung nach der Spin-off treffen.
Resolute Holdings (NYSE: RHLD) أعلت عن نتائج الربع الثالث من السنة المالية المنتهية في 30 سبتمبر 2025. وبموجب معايير US GAAP قامت Resolute بتوحيد CompoSecure Holdings وذكرت خسارة صافية وفق GAAP قابلة للمساهمين العاديين قدرها 231,000 دولار (EPS -0.03) للربع وخسارة صافية خلال التسعة أشهر قدرها 4.208 مليون دولار (EPS -0.49).
وأفادت الشركة أرباح مرتبطة بالرسوم قدرها 1.093 مليون دولار وEPS المرتبط بالرسوم قدره 0.13 دولار للربع، مدفوعة برسوم الإدارة البالغة 3.698 مليون دولار. ستدخل الإدارة في اتفاقية إدارة مشابهة بشكل كبير مع Husky عقب اندماج الأعمال المخطط له مع CompoSecure والتوحيد المطلوب عقب التفكيك.
- Management fees of $3.698M in Q3 2025
- Fee-Related Earnings of $1.093M for Q3 2025
- Fee-Related EPS of $0.13 for Q3 2025
- Standalone model based on recurring, long-duration management fees
- GAAP net loss of $231k in Q3 2025 (EPS $(0.03))
- Nine-month net loss of $4.208M (EPS $(0.49)) through Sept 30, 2025
- SG&A of $3.96M in Q3 exceeded management fees by $262k
Insights
Quarter shows GAAP loss but positive standalone Fee-Related Earnings; spin-off and new management agreement drive consolidation effects.
Resolute Holdings reports a GAAP net loss of
Key dependencies and risks include the pending business combination with Husky Technologies Limited and the spin-off mechanics that require consolidation of CompoSecure Holdings under U.S. GAAP; these accounting effects inflate reported losses versus the operational Fee-Related Earnings. One material tax parameter is the stated effective tax rate of
Watch for completion of the business combination and the separate management agreement implementation (timing referenced as part of the transaction announced on
NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Resolute Holdings Management, Inc. (“Resolute Holdings”) (NYSE: RHLD), an operating management company responsible for providing management services to CompoSecure Holdings, L.L.C. (“CompoSecure Holdings”), a wholly owned subsidiary of CompoSecure, Inc. (“CompoSecure”) (NYSE: CMPO), today reported financial results for its fiscal third quarter ending September 30, 2025. Resolute Holdings reported third quarter earnings per share attributable to common stockholders of (
In conjunction with CompoSecure’s planned business combination with Husky Technologies Limited (“Husky”), Resolute Holdings will enter into a separate management agreement with Husky, which will become a wholly owned subsidiary of CompoSecure1, on substantially the same terms as the existing Management Agreement with CompoSecure Holdings.
As a result of the spin-off from CompoSecure and execution of the Management Agreement with CompoSecure Holdings, Resolute Holdings is required to consolidate the financial results of CompoSecure Holdings in accordance with U.S. GAAP. This presentation of financial results does not represent the underlying economics or the positive attributes of Resolute Holdings’ standalone business model, which consist of recurring, long-duration management fees and a relatively fixed expense base. The results of the Resolute Holdings standalone business and associated Non-GAAP Fee-Related Earnings calculation are included below to provide a clear picture of the economic performance of the business directly attributable to shareholders of RHLD. This release includes such results presented in accordance with U.S. GAAP, as well as certain Non-GAAP measures, including Fee-Related Earnings. See “Use of Non-GAAP Financial Measures” below.
Resolute Holdings Segment Financial Information (GAAP); Fee-Related Earnings and Fee-Related Earnings Per Share (Non-GAAP) ($ in thousands except per share figures)
| Three months | Nine months | |||||||
| ended | ended | |||||||
| September 30, 2025 | September 30, 2025 | |||||||
| Management fees | $ | 3,698 | 8,246 | |||||
| Selling, general and administrative expenses | 3,960 | 11,690 | ||||||
| Income from operations | (262 | ) | (3,444 | ) | ||||
| Total other income (expense) | 94 | 166 | ||||||
| Income (loss) before income taxes | (168 | ) | (3,278 | ) | ||||
| Income tax (expense) | (63 | ) | (930 | ) | ||||
| Net income (loss) | (231 | ) | (4,208 | ) | ||||
| Net income (loss) attributable to non-controlling interest | — | — | ||||||
| Net income (loss) attributable to common stockholders | (231 | ) | (4,208 | ) | ||||
| Net income (loss) per share attributable to common stockholders - diluted | $ | (0.03 | ) | (0.49 | ) | |||
| Adjustments to reconcile Fee-Related Earnings to net income (loss) attributable to common stockholders: | ||||||||
| Add: Equity-based compensation at CompoSecure (1) | 1,324 | 3,782 | ||||||
| Add: Pro forma management fees from Jan 1, 2025 to Feb 27, 2025 (2) | — | 2,046 | ||||||
| Add: Spin-Off costs (3) | — | 290 | ||||||
| Net tax impact of adjustments (4) | — | (724 | ) | |||||
| Fee-Related Earnings | 1,093 | 1,186 | ||||||
| Fee-Related Earnings per share - diluted | $ | 0.13 | 0.14 | |||||
(1) Equity-based compensation required to be reported by Resolute Holdings related to awards issued under the CompoSecure Equity Plan. Equity granted under the CompoSecure Equity Plan relates to CompoSecure Class A common stock and has no impact on Resolute Holdings’ common stock outstanding.
(2) Incremental management fees as if the CompoSecure Management Agreement was executed on January 1, 2025.
(3) One-time costs associated with the Spin-Off from CompoSecure.
(4) Tax-effect of adjustments at a
____________
1 CompoSecure, Inc. expected to be renamed prior to closing with CompoSecure and Husky expected to be separate reporting subsidiaries.
Exhibit – Structural Relationship & Non-GAAP Financial Summary
About Resolute Holdings Management, Inc.
Resolute Holdings (NYSE: RHLD) is an alternative asset management platform led by David Cote and Tom Knott that provides operating management services including the oversight of capital allocation strategy, operational practices, and M&A sourcing and execution at CompoSecure Holdings and other managed businesses in the future. Resolute Holdings brings a differentiated approach to long-term value creation through the systematic deployment of the Resolute Operating System, which will create value at both the underlying managed businesses and at Resolute Holdings. For additional information on Resolute Holdings, please refer to Resolute Holdings’ filings with the U.S. Securities and Exchange Commission or please visit www.resoluteholdings.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management. Although Resolute Holdings believes that its plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, Resolute Holdings cannot assure you that it will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning Resolute Holdings’ expectations regarding personnel, the completion of CompoSecure’s pending acquisition of Husky and the anticipated benefits thereof, potential future investments and opportunities, future platform acquisitions, limited profitability for the year ending December 31, 2025, revenues from management fees, the deployment of the Resolute Operating System, market opportunities, possible or assumed future actions, business strategies, events, or results of operations, and other matters, are forward-looking statements. In some instances, these statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements which speak only as of the date hereof. You should understand that the following important factors, among others, could affect Resolute Holdings’ future results and could cause those results or other outcomes to differ materially from those expressed or implied in Resolute Holdings’ forward-looking statements: the timing and amount of the management fees payable to Resolute Holdings, including unexpected fluctuations therein, unexpected changes in costs, risks associated with the implementation of the Resolute Operating System, unexpected market and macroeconomic developments, demand for Resolute Holdings’ services, the ability of Resolute Holdings to grow and manage growth profitably, compete within its industry and attract and retain its key employees; risks associated with the completion of CompoSecure’s pending acquisition of Husky and the transactions related thereto, on the timeline anticipated or at all, including the anticipated benefits to CompoSecure and to Resolute Holdings of such transactions; the possibility that Resolute Holdings may be adversely impacted by other global economic, business, competitive and/or other factors, including but not limited to inflationary pressures, volatile interest rates, variable tariff policies or intensified disruptions in the global financial markets; the outcome of any legal proceedings that may be instituted against Resolute Holdings or others; future exchange and interest rates; and other risks and uncertainties, including those under “Risk Factors” in filings that have been made or will be made with the Securities and Exchange Commission. Resolute Holdings undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Use of Non-GAAP Financial Measures
This press release includes certain non-GAAP financial measures that are not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and that may be different from non-GAAP financial measures used by other companies. Resolute Holdings believes Fee-Related Earnings and Fee-Related Earnings per share are useful to investors in evaluating Resolute Holdings’ financial performance. Resolute Holdings believes that these non-GAAP financial measures depict the performance of the business and underlying economics attributable to Resolute Holdings common stockholders. Fee-Related Earnings and Fee-Related Earnings per share should not be considered as measures of financial performance under U.S. GAAP, and the items excluded from Fee-Related Earnings and Fee-Related Earnings per share are significant components in understanding and assessing Resolute Holdings’ financial performance. Accordingly, these key business metrics have limitations as an analytical tool. They should not be considered as an alternative to net income, net income per share, or any other performance measures derived in accordance with U.S. GAAP and may be different from similarly titled non-GAAP measures used by other companies.
For investor inquiries, please contact:
Resolute Holdings
(212) 256-8405
info@resoluteholdings.com
| Consolidated Balance Sheets Resolute Holdings Management, Inc. ($ in thousands, except par value and share amounts) | ||||||||
| September 30, | December 31, | |||||||
| 2025 | 2024 | |||||||
| ASSETS | ||||||||
| CURRENT ASSETS | ||||||||
| Cash and cash equivalents | $ | 98,247 | $ | 71,589 | ||||
| Short-term investments | 49,727 | — | ||||||
| Accounts receivable | 64,172 | 47,449 | ||||||
| Inventories, net | 43,746 | 44,833 | ||||||
| Prepaid expenses and other current assets | 3,270 | 2,696 | ||||||
| Deferred tax asset | 24 | 24 | ||||||
| Total current assets | 259,186 | 166,591 | ||||||
| Property and equipment, net | 20,059 | 23,448 | ||||||
| Right of use assets, net | 9,213 | 5,404 | ||||||
| Derivative asset - interest rate swap | 613 | 2,749 | ||||||
| Deposits and other assets | 4,102 | 3,600 | ||||||
| Total assets | $ | 293,173 | $ | 201,792 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||||||||
| CURRENT LIABILITIES | ||||||||
| Accounts payable | $ | 12,727 | $ | 5,691 | ||||
| Accrued expenses | 40,593 | 31,091 | ||||||
| Current portion of long-term debt | 15,000 | 11,250 | ||||||
| Current portion of lease liabilities – operating leases | 2,208 | 2,113 | ||||||
| Total current liabilities | 70,528 | 50,145 | ||||||
| Long-term debt, net of deferred financing costs | 173,431 | 184,389 | ||||||
| Lease liabilities, operating leases | 7,633 | 3,888 | ||||||
| Total liabilities | 251,592 | 238,422 | ||||||
| Commitments and contingencies (Note 17) | — | — | ||||||
| Preferred stock, | — | — | ||||||
| Common stock, | — | — | ||||||
| Additional paid-in capital | 17,373 | 1,544 | ||||||
| Accumulated deficit | (6,542 | ) | (2,334 | ) | ||||
| Total stockholders' equity (deficit) | 10,831 | (790 | ) | |||||
| Non-controlling interest | 30,750 | (35,840 | ) | |||||
| Total equity (deficit) | 41,581 | (36,630 | ) | |||||
| Total liabilities and stockholders' equity (deficit) | $ | 293,173 | $ | 201,792 | ||||
| Consolidated Statements of Operations Resolute Holdings Management, Inc. ($ in thousands, except per share amounts) | ||||||||||||||||
| Three months ended | Nine months ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Net sales | $ | 120,865 | $ | 107,135 | $ | 344,346 | $ | 319,712 | ||||||||
| Cost of sales | 49,538 | 51,727 | 149,672 | 153,019 | ||||||||||||
| Gross profit | 71,327 | 55,408 | 194,674 | 166,693 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Selling, general and administrative expenses | 29,872 | 22,560 | 86,965 | 68,011 | ||||||||||||
| Income from operations | 41,455 | 32,848 | 107,709 | 98,682 | ||||||||||||
| Other income (expense): | ||||||||||||||||
| Change in fair value of derivative liability - convertible notes redemption make-whole provision | — | 544 | — | 425 | ||||||||||||
| Interest income | 1,555 | 1,146 | 4,136 | 3,350 | ||||||||||||
| Interest expense | (3,374 | ) | (6,303 | ) | (10,134 | ) | (19,275 | ) | ||||||||
| Amortization of deferred financing costs | (167 | ) | (249 | ) | (463 | ) | (908 | ) | ||||||||
| Loss on extinguishment of debt | — | (148 | ) | — | (148 | ) | ||||||||||
| Total other expense, net | (1,986 | ) | (5,010 | ) | (6,461 | ) | (16,556 | ) | ||||||||
| Income (loss) before income taxes | 39,469 | 27,838 | 101,248 | 82,126 | ||||||||||||
| Income tax (expense) | (63 | ) | — | (930 | ) | — | ||||||||||
| Net income (loss) | $ | 39,406 | $ | 27,838 | $ | 100,318 | $ | 82,126 | ||||||||
| Net income (loss) attributable to non-controlling interest | 39,637 | 27,838 | 104,526 | 82,126 | ||||||||||||
| Net income (loss) attributable to common stockholders | $ | (231 | ) | $ | — | $ | (4,208 | ) | $ | — | ||||||
| Net income (loss) per share attributable to common stockholders - basic & diluted | $ | (0.03 | ) | $ | — | $ | (0.49 | ) | $ | — | ||||||
| Weighted average shares used to compute net income (loss) per share attributable to common stockholders - basic & diluted (in thousands) | 8,526 | 8,526 | 8,526 | 8,526 | ||||||||||||
| Consolidated Statements of Cash Flows Resolute Holdings Management, Inc. ($ in thousands) | ||||||||
| Nine months ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income (loss) | $ | 100,318 | $ | 82,126 | ||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||||||||
| Depreciation and amortization | 6,902 | 6,932 | ||||||
| Equity-based compensation expense | 19,545 | 14,598 | ||||||
| Amortization of deferred financing costs | 463 | 958 | ||||||
| Non-cash operating lease expense | 1,875 | 1,753 | ||||||
| Non-cash interest | (708 | ) | — | |||||
| Loss on extinguishment of debt | — | 148 | ||||||
| Change in fair value of derivative liability – convertible notes redemption make-whole provisions | — | (425 | ) | |||||
| Changes in assets and liabilities | ||||||||
| Accounts receivable | (16,723 | ) | (3,311 | ) | ||||
| Inventories | 1,087 | (2,550 | ) | |||||
| Prepaid expenses and other assets | (574 | ) | 1,435 | |||||
| Accounts payable | 7,036 | 2,848 | ||||||
| Accrued expenses | 9,502 | 5,355 | ||||||
| Lease liabilities | (1,844 | ) | (1,828 | ) | ||||
| Net cash provided by operating activities | 126,879 | 108,039 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchase of property and equipment | (2,951 | ) | (4,782 | ) | ||||
| Capitalized software costs | (1,235 | ) | (729 | ) | ||||
| Purchases of short-term investments | (52,019 | ) | — | |||||
| Maturities of short-term investments | 3,000 | — | ||||||
| Net cash used in investing activities | (53,205 | ) | (5,511 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Payment of CompoSecure Holdings term loan | (7,500 | ) | (10,333 | ) | ||||
| Distributions to CompoSecure Holdings members | (18,933 | ) | (75,250 | ) | ||||
| Contribution by CompoSecure Holdings | 11,869 | — | ||||||
| Contribution to Resolute Holdings | (11,869 | ) | — | |||||
| Payments for taxes related to net share settlement of CompoSecure equity awards | (20,583 | ) | (8,432 | ) | ||||
| Deferred finance costs related to debt modifications | — | (1,889 | ) | |||||
| Net cash used in financing activities | (47,016 | ) | (95,904 | ) | ||||
| Net increase (decrease) in cash and cash equivalents | 26,658 | 6,624 | ||||||
| Cash and cash equivalents, beginning of period | 71,589 | 38,191 | ||||||
| Cash and cash equivalents, end of period | $ | 98,247 | $ | 44,815 | ||||
| Supplementary disclosure of cash flow information: | ||||||||
| Cash paid for interest expense | $ | 9,883 | $ | 16,987 | ||||
| Supplemental disclosure of non-cash financing activities: | ||||||||
| Consolidation of CompoSecure Holdings net assets (liabilities), excluding cash, from execution of CompoSecure Management Agreement | $ | (98,508 | ) | $ | — | |||
| Derivative asset - interest rate swap | $ | (2,136 | ) | $ | (2,483 | ) | ||
| Segment Statements of Operations and Non-GAAP Reconciliations Resolute Holdings Management, Inc. ($ in thousands, except per share amounts) | ||||||||||||||||||||||||||||||||
| Three months ended | Nine months ended | |||||||||||||||||||||||||||||||
| September 30, 2025 | September 30, 2025 | |||||||||||||||||||||||||||||||
| ($ in thousands except per share figures) | ($ in thousands except per share figures) | |||||||||||||||||||||||||||||||
| Resolute | CompoSecure | Intercompany/ | Resolute | CompoSecure | Intercompany/ | |||||||||||||||||||||||||||
| Holdings | Holdings | Eliminations | Consolidated | Holdings | Holdings | Eliminations | Consolidated | |||||||||||||||||||||||||
| Management fees | $ | 3,698 | $ | — | $ | (3,698 | ) | $ | — | $ | 8,246 | $ | — | $ | (8,246 | ) | $ | — | ||||||||||||||
| Product sales | — | 120,865 | — | 120,865 | — | 344,346 | — | 344,346 | ||||||||||||||||||||||||
| Net sales | 3,698 | 120,865 | (3,698 | ) | 120,865 | 8,246 | 344,346 | (8,246 | ) | 344,346 | ||||||||||||||||||||||
| Cost of sales | — | 49,538 | — | 49,538 | — | 149,672 | — | 149,672 | ||||||||||||||||||||||||
| Gross profit | 3,698 | 71,327 | (3,698 | ) | 71,327 | 8,246 | 194,674 | (8,246 | ) | 194,674 | ||||||||||||||||||||||
| Total selling, general and administrative expenses | 3,960 | 29,610 | (3,698 | ) | 29,872 | 11,690 | 85,331 | (10,056 | ) | 86,965 | ||||||||||||||||||||||
| Income from operations | (262 | ) | 41,717 | — | 41,455 | (3,444 | ) | 109,343 | 1,810 | 107,709 | ||||||||||||||||||||||
| Total other income (expense) | 94 | (2,080 | ) | — | (1,986 | ) | 166 | (6,627 | ) | — | (6,461 | ) | ||||||||||||||||||||
| Income (loss) before income taxes | (168 | ) | 39,637 | — | 39,469 | (3,278 | ) | 102,716 | 1,810 | 101,248 | ||||||||||||||||||||||
| Income tax (expense) | (63 | ) | — | — | (63 | ) | (930 | ) | — | — | (930 | ) | ||||||||||||||||||||
| Net income (loss) | (231 | ) | 39,637 | — | 39,406 | (4,208 | ) | 102,716 | 1,810 | 100,318 | ||||||||||||||||||||||
| Net income (loss) attributable to non-controlling interest | — | 39,637 | — | 39,637 | — | 102,716 | 1,810 | 104,526 | ||||||||||||||||||||||||
| Net income (loss) attributable to common stockholders | (231 | ) | — | — | (231 | ) | (4,208 | ) | — | — | (4,208 | ) | ||||||||||||||||||||
| Net income (loss) per share attributable to common stockholders - diluted | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.49 | ) | $ | (0.49 | ) | ||||||||||||||||||||
| Add: Equity-based compensation at CompoSecure (1) | 1,324 | 1,324 | 3,782 | 3,782 | ||||||||||||||||||||||||||||
| Add: Pro forma management fees from Jan 1, 2025 to Feb 27, 2025 (2) | — | — | 2,046 | 2,046 | ||||||||||||||||||||||||||||
| Add: Spin-Off costs (3) | — | — | 290 | 290 | ||||||||||||||||||||||||||||
| Net tax impact of adjustments (4) | — | — | (724 | ) | (724 | ) | ||||||||||||||||||||||||||
| Fee-Related Earnings | 1,093 | 1,093 | 1,186 | 1,186 | ||||||||||||||||||||||||||||
| Fee-Related Earnings per share - diluted | $ | 0.13 | $ | 0.13 | $ | 0.14 | $ | 0.14 | ||||||||||||||||||||||||
| Diluted weighted average shares used to compute: | ||||||||||||||||||||||||||||||||
| Net income (loss) per share attributable to common stockholders (in thousands) | 8,526 | 8,526 | 8,526 | 8,526 | ||||||||||||||||||||||||||||
| Fee-Related Earnings per share (in thousands) | 8,556 | 8,556 | 8,536 | 8,536 | ||||||||||||||||||||||||||||
(1) Equity-based compensation required to be reported by Resolute Holdings related to awards issued under the CompoSecure Equity Plan. Equity granted under the CompoSecure Equity Plan relates to CompoSecure Class A common stock and has no impact on Resolute Holdings’ common stock outstanding.
(2) Incremental management fees as if the CompoSecure Management Agreement was executed on January 1, 2025.
(3) One-time costs associated with the Spin-Off from CompoSecure.
(4) Tax-effect of adjustments at a
Additional Information
Segment Balance Sheets
Resolute Holdings Management, Inc.
($ in thousands, except per share amounts)
| September 30, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||||
| ($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||||||||
| Resolute | CompoSecure | Intercompany/ | Resolute | CompoSecure | Intercompany/ | ||||||||||||||||||||||||||
| Holdings | Holdings | Eliminations | Consolidated | Holdings | Holdings | Eliminations | Consolidated | ||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||||||||
| CURRENT ASSETS | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 1,016 | $ | 97,231 | $ | — | $ | 98,247 | $ | — | $ | 71,589 | $ | — | $ | 71,589 | |||||||||||||||
| Short-term investments | 9,060 | 40,667 | — | 49,727 | — | — | — | — | |||||||||||||||||||||||
| Accounts receivable | 3,698 | 64,172 | (3,698 | ) | 64,172 | — | 47,449 | — | 47,449 | ||||||||||||||||||||||
| Inventories, net | — | 43,746 | — | 43,746 | — | 44,833 | — | 44,833 | |||||||||||||||||||||||
| Prepaid expenses and other current assets | 395 | 2,875 | — | 3,270 | — | 2,696 | — | 2,696 | |||||||||||||||||||||||
| Deferred tax asset | 24 | — | — | 24 | 24 | — | — | 24 | |||||||||||||||||||||||
| Total current assets | 14,193 | 248,691 | (3,698 | ) | 259,186 | 24 | 166,567 | — | 166,591 | ||||||||||||||||||||||
| Property and equipment, net | — | 20,059 | — | 20,059 | — | 23,448 | — | 23,448 | |||||||||||||||||||||||
| Right of use assets, net | 1,076 | 8,137 | — | 9,213 | — | 5,404 | — | 5,404 | |||||||||||||||||||||||
| Derivative asset - interest rate swap | — | 613 | — | 613 | — | 2,749 | — | 2,749 | |||||||||||||||||||||||
| Deposits and other assets | — | 4,102 | — | 4,102 | — | 3,600 | — | 3,600 | |||||||||||||||||||||||
| Total assets | 15,269 | 281,602 | (3,698 | ) | 293,173 | 24 | 201,768 | — | 201,792 | ||||||||||||||||||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||||||||
| CURRENT LIABILITIES | |||||||||||||||||||||||||||||||
| Accounts payable | 104 | 12,557 | 66 | 12,727 | — | 5,691 | — | 5,691 | |||||||||||||||||||||||
| Accrued expenses | 3,259 | 41,032 | (3,698 | ) | 40,593 | 814 | 30,954 | (677 | ) | 31,091 | |||||||||||||||||||||
| Current portion of long-term debt | — | 15,000 | — | 15,000 | — | 11,250 | — | 11,250 | |||||||||||||||||||||||
| Current portion of lease liabilities – operating leases | 76 | 2,132 | — | 2,208 | — | 2,113 | — | 2,113 | |||||||||||||||||||||||
| Total current liabilities | 3,439 | 70,721 | (3,632 | ) | 70,528 | 814 | 50,008 | (677 | ) | 50,145 | |||||||||||||||||||||
| Long-term debt, net of deferred financing costs | — | 173,431 | — | 173,431 | — | 184,389 | — | 184,389 | |||||||||||||||||||||||
| Lease liabilities, operating leases | 999 | 6,634 | — | 7,633 | — | 3,888 | — | 3,888 | |||||||||||||||||||||||
| Total liabilities | 4,438 | 250,786 | (3,632 | ) | 251,592 | 814 | 238,285 | (677 | ) | 238,422 | |||||||||||||||||||||
| Additional paid-in capital | 17,373 | — | — | 17,373 | 1,544 | — | — | 1,544 | |||||||||||||||||||||||
| Accumulated deficit | (6,542 | ) | — | — | (6,542 | ) | (2,334 | ) | — | — | (2,334 | ) | |||||||||||||||||||
| Total stockholders' equity (deficit) | 10,831 | — | — | 10,831 | (790 | ) | — | — | (790 | ) | |||||||||||||||||||||
| Non-controlling interest | — | 30,816 | (66 | ) | 30,750 | — | (36,517 | ) | 677 | (35,840 | ) | ||||||||||||||||||||
| Total equity (deficit) | 10,831 | 30,816 | (66 | ) | 41,581 | (790 | ) | (36,517 | ) | 677 | (36,630 | ) | |||||||||||||||||||
| Total liabilities and stockholders' equity (deficit) | $ | 15,269 | $ | 281,602 | $ | (3,698 | ) | $ | 293,173 | $ | 24 | $ | 201,768 | $ | — | $ | 201,792 | ||||||||||||||
A figure accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aca22370-d3d7-4dbf-9f1a-ee7fa1b16cc0
FAQ
What were Resolute Holdings (RHLD) GAAP earnings per share for Q3 2025?
How much Fee-Related Earnings did Resolute Holdings (RHLD) report in Q3 2025?
What were Resolute Holdings (RHLD) management fees for the quarter ended Sept 30, 2025?
Why will Resolute Holdings consolidate CompoSecure Holdings in its financials?
How did operating expenses affect Resolute Holdings (RHLD) Q3 2025 results?
