Compass Diversified Holdings
For the period ended Sep 30, 2025. Filed Jan 14, 2026.
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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.
Sep 30, 2025 · Filed Jan 14, 2026
CODI$11.93+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (in thousands, except per share data) · (As Restated) · (As Restated) | ||||
| Net revenues | $472,562 | $456,553 | $1,405,027 | $1,294,084 |
| Cost of revenues | 264,847 | 259,920 | 792,739 | 734,314 |
| Gross profit | 207,715 | 196,633 | 612,288 | 559,770 |
| Operating expenses: | ||||
| Selling, general and administrative expense | 179,315 | 145,959 | 491,804 | 421,264 |
| Management fees | 16,213 | 18,633 | 54,111 | 55,314 |
| Amortization expense | 23,254 | 23,721 | 69,722 | 71,317 |
| Impairment expense | — | — | 31,515 | 8,182 |
| Operating income (loss) | (11,067) | 8,320 | (34,864) | 3,693 |
| Other income (expense): | ||||
| Interest expense, net | (66,721) | (31,620) | (136,668) | (86,483) |
| Amortization of debt issuance costs | (826) | (1,005) | (2,922) | (3,014) |
| Loss on debt modification | — | — | (2,827) | — |
| Gain (loss) on sale of Crosman (refer to Note C) | — | 388 | — | (24,218) |
| Other income (expense), net | (2,343) | (37,769) | (14,311) | (125,853) |
| Loss from continuing operations before income taxes | (80,957) | (61,686) | (191,592) | (235,875) |
| Provision for income taxes | 5,763 | 2,772 | 25,659 | 21,475 |
| Loss from continuing operations | (86,720) | (64,458) | (217,251) | (257,350) |
| Income (loss) from discontinued operations, net of income taxes | — | (1,088) | — | 101 |
| Gain (loss) on sale of discontinued operations, net of income taxes | (523) | — | 2,326 | 3,345 |
| Net loss | (87,243) | (65,546) | (214,925) | (253,904) |
| Less: Net loss from continuing operations attributable to noncontrolling interest | (13,228) | (28,922) | (59,700) | (87,480) |
| Less: Net loss from discontinued operations attributable to noncontrolling interest | — | (592) | — | (1,163) |
| Net loss attributable to Holdings | $(74,015) | $(36,032) | $(155,225) | $(165,261) |
| Amounts attributable to Holdings | ||||
| Loss from continuing operations | $(73,492) | $(35,536) | $(157,551) | $(169,870) |
| Income (loss) from discontinued operations, net of income tax | — | (496) | — | 1,264 |
| Gain (loss) on sale of discontinued operations, net of income tax | (523) | — | 2,326 | 3,345 |
| Net loss attributable to Holdings | $(74,015) | $(36,032) | $(155,225) | $(165,261) |
| Basic income (loss) per common share attributable to Holdings (refer to Note I) | ||||
| Continuing operations | $(1.20) | $(0.61) | $(2.53) | $(3.22) |
| Discontinued operations | (0.01) | (0.01) | 0.03 | 0.06 |
| Basic loss per common share attributable to Holdings (refer to Note I) | $(1.21) | $(0.62) | $(2.50) | $(3.16) |
| Basic weighted average number of shares of common shares outstanding | 75,236 | 75,645 | 75,236 | 75,437 |
| Cash distributions declared per Trust common share (refer to Note I) | $— | $0.25 | $0.50 | $0.75 |
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