Financial Performance - Resolute Holdings reported a second quarter loss per share attributable to common stockholders of ($0.07) and Non-GAAP Fee-Related Earnings per share of $0.08[2] - The company experienced a net loss of $611,000 for the second quarter, compared to a net loss of $3,977,000 for the six months ended June 30, 2025[5] - Fee-Related Earnings for the second quarter were $699,000, with Fee-Related Earnings per share of $0.08[5] - Net income for the six months ended June 30, 2025, increased to $60,912,000 from $54,288,000 in 2024, representing an increase of 12.0%[19] - The diluted net income per share attributable to common stockholders for the six months ended June 30, 2025, was $(0.47), consistent with the previous year[22] Revenue and Profitability - The company reported a gross profit of $68,800,000 for the second quarter, compared to $56,072,000 for the same period in 2024[17] - Operating income for the second quarter was $40,633,000, an increase from $33,391,000 in the prior year[17] - Product sales for the six months ended June 30, 2025, reached $223,481,000, with a gross profit of $123,347,000, indicating a gross margin of approximately 55.2%[22] Assets and Liabilities - Total assets increased to $253,291,000 as of June 30, 2025, compared to $201,792,000 as of December 31, 2024[15] - Total liabilities as of June 30, 2025, amounted to $249,150,000, compared to $238,422,000 at the end of 2024, reflecting an increase of 4.0%[26] - Total current assets increased to $217,066,000 as of June 30, 2025, from $166,591,000 at the end of 2024, an increase of 30.2%[26] Cash Flow - Cash and cash equivalents increased to $99,862,000 as of June 30, 2025, up from $71,589,000 at the end of 2024[15] - Net cash provided by operating activities for the six months ended June 30, 2025, was $67,288,000, compared to $71,760,000 in 2024, a decrease of 6.9%[19] - The company reported a net cash used in financing activities of $36,217,000 for the six months ended June 30, 2025, down from $79,352,000 in 2024, a decrease of 54.4%[19] - The company reported a significant reduction in cash paid for interest expense, which was $6,593,000 for the six months ended June 30, 2025, compared to $12,890,000 in 2024, a decrease of 48.8%[19] Expenses and Investments - Management fees for the three months ended June 30, 2025, were $3,419,000, while selling, general and administrative expenses were $3,804,000[5] - Equity-based compensation expense increased to $12,448,000 for the six months ended June 30, 2025, compared to $9,210,000 in 2024, a rise of 35.5%[19] - The company is committed to making necessary investments to improve operations and drive organic growth at CompoSecure[4] Strategic Focus - The company is focused on evaluating new acquisition opportunities and expects limited profitability for the full year 2025[3] - Cash and cash equivalents at the end of the period were $99,862,000, up from $71,589,000 at the beginning of the period, marking an increase of 39.4%[19]
Resolute Holdings Management Inc(RHLD) - 2025 Q2 - Quarterly Results