Compass Diversified Holdings
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
CODI$11.86+4.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 | 2023 |
| Net revenues | $1,873,584 | $1,788,013 | $1,689,920 |
| Cost of revenues | 1,059,192 | 1,037,594 | 1,015,200 |
| Gross profit | 814,392 | 750,419 | 674,720 |
| Operating expenses: | |||
| Selling, general and administrative expense | 660,674 | 587,521 | 502,013 |
| Management fees | 17,937 | 74,767 | 67,945 |
| Amortization expense | 93,156 | 94,817 | 83,574 |
| Impairment expense | 31,515 | 8,182 | 90,597 |
| Operating income (loss) | 11,110 | (14,868) | (69,409) |
| Other income (expense): | |||
| Interest expense, net | (175,270) | (122,802) | (109,892) |
| Amortization of debt issuance costs | (4,052) | (4,018) | (4,038) |
| Loss on debt extinguishment | (2,827) | — | — |
| Loss on deconsolidation of Lugano | (111,876) | — | — |
| Loss on sale of Crosman | — | (24,218) | — |
| Other income (expense), net (refer to Note O) | (14,664) | (143,304) | (83,114) |
| Loss from continuing operations before income taxes | (297,579) | (309,210) | (266,453) |
| Provision (benefit) for income taxes | (945) | 18,612 | 8,198 |
| Loss from continuing operations | (296,634) | (327,822) | (274,651) |
| Income (loss) from discontinued operations, net of income tax | — | (6,905) | 24,208 |
| Gain on sale of discontinued operations, net of income tax | 2,906 | 11,957 | 283,025 |
| Net income (loss) | (293,728) | (322,770) | 32,582 |
| Less: Net loss from continuing operations attributable to noncontrolling interest | (67,313) | (111,025) | (75,761) |
| Less: Net loss from discontinued operations attributable to noncontrolling interest | — | (2,884) | (304) |
| Net income (loss) attributable to Holdings | $(226,415) | $(208,861) | $108,647 |
| Amounts attributable to common shares of Holdings: | |||
| Loss from continuing operations | $(229,321) | $(216,797) | $(198,890) |
| Income (loss) from discontinued operations, net of income tax | — | (4,021) | 24,512 |
| Gain on sale of discontinued operations, net of income tax | 2,906 | 11,957 | 283,025 |
| Net income (loss) attributable to Holdings | $(226,415) | $(208,861) | $108,647 |
| Basic and fully diluted income (loss) per share attributable to Holdings (refer to Note K) | |||
| Continuing operations | $(3.63) | $(3.94) | $(3.57) |
| Discontinued operations | 0.04 | 0.11 | 4.27 |
| $(3.59) | $(3.83) | $0.70 | |
| Weighted average number of shares outstanding - basic and fully diluted | 75,236 | 75,454 | 72,105 |
| Cash distribution declared per share (refer to Note K) | $0.50 | $1.00 | $1.00 |
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