10-K · March 13, 2026
Emerald Holding, Inc. experienced a significant increase in revenue for the year ending December 31, 2025, reporting $463.4 million, a 16.2% increase year-over-year. However, the company faced challenges with…
Earnings analysis · 10-Q
EEX earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Emerald Holding, Inc. reported Q1 2026 earnings showing a revenue increase to $155.4 million, up 5.2% year-over-year, and a diluted EPS of $0.14, slightly beating EPS expectations of $0.13. The net income decreased to…
Read full summary
Emerald Holding, Inc. reported Q1 2026 earnings showing a revenue increase to $155.4 million, up 5.2% year-over-year, and a diluted EPS of $0.14, slightly beating EPS expectations of $0.13. The net income decreased to $7.2 million, down 52.9% from $15.3 million last year, impacted by higher operational costs and increased selling, general, and administrative expenses. Management emphasized organic growth through acquisitions and increasing participation in trade shows as key strategies moving forward.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.14
- Segment
- Connections
What stood out
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Revenue Growth
Revenue increased to $155.4 million, up 5.2% from $147.7 million in Q1 2025.
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EPS Slightly Beats Estimates
Reported diluted EPS was $0.14, above expectations of $0.13 but down from $0.08 in Q1 2025.
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Strong Free Cash Flow
Free cash flow increased significantly to $26.9 million, a 149.1% increase from $10.8 million in Q1 2025.
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Connections Segment Performance
Revenue for the Connections segment rose 5.7% to $146.2 million.
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Decrease in Interest Expense
Interest expense reduced by 46% to $9.4 million from $17.4 million in Q1 2025.
What to watch
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Net Income Decline
Net income fell to $7.2 million, down 52.9% from $15.3 million in Q1 2025.
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Increased Operational Costs
Selling, general and administrative expenses surged 32.9% to $71.9 million from $54.1 million.
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Regulatory Approval for Future Acquisitions
Dependence on timely regulatory approvals for acquisitions raises integration and operational risks.
Management's outlook
Management indicated an ongoing focus on acquisitions as part of organic growth strategy, but specific guidance was not provided.
Earlier filings 3
10-Q · October 31, 2025
Emerald Holding, Inc. reported a mixed Q3 2025 performance with a revenue increase of 6.7% year-over-year, totaling $77.5 million, but faced a larger net loss of $14.4 million, up from $11.1 million in Q3 2024. The…
10-Q · August 4, 2025
Emerald Holding, Inc. reported Q2 2025 results with revenues of $105.5 million, up 22.7% from $86 million in Q2 2024. Operating income rose 59.4% to $10.2 million, while adjusted EBITDA increased 59.5% to $24.4 million.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.