RHLD earnings analysis
What we found in RHLD's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Resolute Holdings reported significant revenue growth in Q1 2026, achieving $407.8 million compared to $103.9 million in Q1 2025, largely driven by the acquisition of Husky Holdings. The company saw a net loss of $92.6 million, contrasting sharply with a profit of $22.6 million from the same quarter last year, attributed to increased operating expenses and interest costs following the acquisition.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Substantial Revenue Growth
- Revenue surged to $407.8 million, up from $103.9 million, marking a 292% increase year-over-year.
- EPS Increase
- Reported EPS reached $0.69, contrasting with $7.19 for the same quarter last year, reflecting losses amid rising costs.
- CompoSecure Segment Growth
- CompoSecure revenue increased by 26% to $130.4 million, contributing to growth despite overall losses.
- Increase in Operating Expenses
- Operating expenses rose significantly to $162.6 million from $28.9 million, primarily due to Husky's acquisition costs.
- Notable Cash Flow Changes
- Operating activities reported a cash outflow of $(116.8) million compared to a cash inflow of $18.4 million in Q1 2025.
- High Debt Financing
- Total debt increased to $40.0 million at Resolute Holdings and $2,175.0 million at GPGI Holdings, up from $186.3 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Soaring Operating Expenses
- Operating expenses increased by 463% to $162.6 million, raising concerns over financial sustainability.
- High Debt Levels
- Total debt now stands at approximately $2.2 billion, significantly heightening financial risk.
- Decline in Operating Income
- Loss from operations was $(5.8) million compared to income of $25.6 million in the previous year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.69
- Gross margin
- 38%
- Operating margin
- -1%
- Segment
- CompoSecure
- Segment
- Husky
What they said about what is next.
Management projects EPS for 2026 between $3.00 and $4.50.
The filing reads worse than the one before it.
What came before.
- 10-K · March 12, 2026
- Resolute Holdings Management, Inc. reported a substantial revenue increase in 2025, achieving a consolidated revenue of $462.1 million, driven primarily by its management services associated with the GPGI Holdings.…
- 10-Q · November 3, 2025
- Resolute Holdings reported a strong financial performance for Q3 2025, with revenue reaching $120.9 million, up 12.8% year-over-year, driven primarily by a robust 31% increase in domestic sales. Notably, the gross…
- 10-Q · August 7, 2025
- Resolute Holdings reported a significant increase in revenue and gross profit for the second quarter of 2025, with net sales reaching $119.6 million, up 10.1% from the previous year. While the company saw growth in…
- 10-Q · May 12, 2025
- Resolute Holdings Management, Inc. reported a slight decline in revenue of 0% year-over-year at $103.9 million for Q1 2025, accompanied by an EPS loss of -$0.07. Despite a strong performance in international sales,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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