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Earnings analysis · 10-Q

RHLD earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

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…

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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.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

59% Gross margin Operating margin May 2025 May 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $62 Operating expenses $39 Left as operating profit $-1

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish May 2025 May 2026

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
$0.69
Segment
CompoSecure
Segment
Husky

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

Management projects EPS for 2026 between $3.00 and $4.50.

Earlier filings 4

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 itself. Analysis can contain errors; check the source document for full context.