Financial Performance - Resolute Holdings reported a third quarter net loss attributable to common stockholders of $231,000, resulting in a loss per share of ($0.03) for the three months ended September 30, 2025[2][5][18]. - Fee-Related Earnings for the third quarter were $1,093,000, translating to a Fee-Related Earnings per share of $0.13[5][13]. - Management fees for the third quarter totaled $3,698,000, while selling, general and administrative expenses were $3,960,000, leading to an operating loss of $262,000[5][18]. - Net income for the nine months ended September 30, 2025, increased to $100,318,000 from $82,126,000 in 2024, representing a growth of approximately 22%[20]. - The diluted net income per share attributable to common stockholders for the nine months ended September 30, 2025, was $(0.03), consistent with the previous year's performance[22]. Sales and Profitability - Net sales for the third quarter reached $120,865,000, a 12.9% increase from $107,135,000 in the same period last year[18]. - Gross profit for the third quarter was $71,327,000, compared to $55,408,000 in the prior year, reflecting a 28.7% increase[18]. - Total net sales for the nine months ended September 30, 2025, reached $344,346,000, compared to the previous year's $344,346,000, showing stable performance year-over-year[22]. - Gross profit for the nine months ended September 30, 2025, was $194,674,000, consistent with the previous year's performance[22]. - The company anticipates limited profitability for the year ending December 31, 2025, due to ongoing market and operational challenges[12]. Assets and Liabilities - Total assets increased to $293,173,000 as of September 30, 2025, compared to $201,792,000 as of December 31, 2024, reflecting a growth of approximately 45%[16]. - Current liabilities rose to $70,528,000, up from $50,145,000 at the end of 2024, indicating a 40% increase[16]. - Total liabilities as of September 30, 2025, amounted to $251,592,000, compared to $238,422,000 at the end of 2024, indicating a rise of about 5.5%[26]. - Cash and cash equivalents at the end of the period increased to $98,247,000 from $44,815,000 at the end of the previous year, reflecting a significant increase of approximately 119%[20]. Expenses and Investments - The company reported a decrease in interest expense, with cash paid for interest dropping to $9,883,000 from $16,987,000, a reduction of approximately 42%[20]. - Equity-based compensation expense increased to $19,545,000 for the nine months ended September 30, 2025, compared to $14,598,000 in 2024, marking an increase of about 34%[20]. - The company utilized $53,205,000 in investing activities during the nine months ended September 30, 2025, compared to $5,511,000 in the previous year, indicating a significant increase in investment activity[20]. Equity and Management - The total stockholders' equity improved to $10,831,000 from a deficit of $790,000 at the end of 2024, marking a significant turnaround[16]. - The company is entering into a management agreement with Husky Technologies Limited as part of CompoSecure's planned business combination, which is expected to enhance operational capabilities[3][12].
Resolute Holdings Management Inc(RHLD) - 2025 Q3 - Quarterly Results