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Midas Edge

GMR Solutions Inc.

For the period ended Jun 30, 2026. Filed Aug 12, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 12, 2026

GMRS$10.99-2.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Statements of Mezzanine Equity and Stockholders’ Equity

(Amounts in thousands, except share amounts, unaudited)

​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · ​ · ​ · ​ · Redeemable
​ · ​ · Class A · ​ · Additional · ​ · ​ · ​ · ​ · Other · ​ · ​ · Total · ​ · Preferred
​ · ​ · Common Stock · ​ · Paid-in · ​ · Retained · ​ · Comprehensive · ​ · Stockholders' · ​ · Stock
​ · ​ ​ ​ · Shares · ​ ​ ​ · Amount · ​ ​ ​ · Capital · ​ ​ ​ · Earnings · ​ ​ ​ · Income (Loss) · ​ ​ ​ · Equity · ​ ​ ​ · Shares · ​ ​ ​ · Amount
Balance at December 31, 2024​21,675,837​$2​$648,761​$(465,719)​$4,951​$187,995​962,632​$777,388
Stock-based compensation expense​—​​—​​520​​—​​—​​520​—​​—
Issuance of shares under stock award plan, net of shares withheld for cash taxes paid​148,750​​—​​498​​—​​—​​498​—​​—
Net income (loss)​—​​—​​—​​38,024​​—​​38,024​—​​—
Other comprehensive income (loss), net of tax benefit (expense) of ($0.1) million​—​​—​​—​​—​​364​​364​—​​—
Balance at March 31, 2025​21,824,587​$2​$649,779​$(427,695)​$5,315​$227,401​962,632​$777,388
Stock-based compensation expense​—​​—​​902​​—​​—​​902​—​​—
Repurchase of common stock​(10,533)​​—​​(86)​​—​​—​​(86)​—​​—
Issuance of shares under stock award plan, net of shares withheld for cash taxes paid​—​​—​​1​​—​​—​​1​—​​—
Net income (loss)​—​​—​​—​​80,761​​—​​80,761​—​​—
Other comprehensive income (loss), net of tax benefit (expense) of ($0.1) million​—​​—​​—​​—​​289​​289​—​​—
Balance at June 30, 2025​21,814,054​$2​$650,596​$(346,934)​$5,604​$309,268​962,632​$777,388
​​​​​​​​​​​​​​​​​​​​​​​
Balance at December 31, 2025​22,096,835​$2​$456,466​$(259,492)​$7,179​$204,155​551,212​$445,140
Redemption of redeemable preferred stock​—​​—​​(97,323)​​—​​—​​(97,323)​(189,050)​​(152,671)
Stock-based compensation expense​—​​—​​(91)​​—​​—​​(91)​—​​—
Net income (loss)​—​​—​​—​​106,336​​—​​106,336​—​​—
Other comprehensive income (loss), net of tax benefit (expense) of $0.1 million​—​​—​​—​​—​​(408)​​(408)​—​​—
Balance at March 31, 2026​22,096,835​$2​$359,052​$(153,156)​$6,771​$212,669​362,162​$292,469
Redemption of redeemable preferred stock​—​​—​​(192,548)​​—​​—​​(192,548)​(362,162)​​(292,469)
Stock-based compensation expense​—​​—​​132,602​​—​​—​​132,602​—​​—
Issuance of shares under stock award plan, net of shares withheld for cash taxes paid​9,983​​—​​72​​—​​—​​72​—​​—
Issuance of warrants to purchase common stock​—​​—​​685,716​​—​​—​​685,716​—​​—
Issuance of common stock on initial public offering, net of underwriting discounts and commissions, and offering-related expenses of $31.9 million.​31,914,893​​3​​446,789​​—​​—​​446,792​—​​—
Execution of tax receivable agreement​—​​—​​(468,413)​​—​​—​​(468,413)​—​​—
Net income (loss)​—​​—​​—​​(28,278)​​—​​(28,278)​—​​—
Other comprehensive income (loss), net of tax benefit (expense) of ($0.2) million​—​​—​​—​​—​​651​​651​—​​—
Balance at June 30, 2026​54,021,711​$5​$963,270​$(181,434)​$7,422​$789,263​—​$—
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.