GPGI, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
GPGI$14.95-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders' Deficit
GPGI, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
(in thousands, except share data)
| Class A Common Stock · Class B Common Stock · Treasury · Additional Paid-in · Accumulated Other · Accumulated · Total Stockholders' · Redeemable Non-Controlling | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Capital · Comprehensive Income · Deficit · Equity (Deficit) · Interest | |||||||||||||||
| Balance as of December 31, 2022 | 16,446,748 | $2 | 60,325,057 | $6 | $— | $24,107 | $8,283 | $(924,630) | $(892,232) | $600,234 | |||||
| Distributions to non-controlling interests | — | — | — | — | — | — | — | (38,362) | (38,362) | — | |||||
| Stock-based compensation | — | — | — | — | — | 17,562 | — | — | 17,562 | — | |||||
| Net income | — | — | — | — | — | — | — | 19,239 | 19,239 | 93,281 | |||||
| Class A common stock issued pursuant to equity-based plans, net of shares withheld for taxes and employee stock purchase plan transactions | 2,601,740 | — | — | — | — | — | — | — | — | — | |||||
| Proceeds from employee stock purchase plan and exercise of options | — | — | — | — | — | 1,196 | — | — | 1,196 | — | |||||
| Class A common stock withheld related to net share settlement of equity awards | — | — | — | — | — | (3,126) | — | — | (3,126) | — | |||||
| Class A common stock issued pursuant to Class B common stock exchanges | 366,635 | — | (366,635) | — | — | — | — | — | — | — | |||||
| Unrealized loss on derivative - interest rate swap | — | — | — | — | — | — | (3,292) | — | (3,292) | — | |||||
| Tax receivable agreement liability | — | — | — | — | — | (273) | — | — | (273) | — | |||||
| Adjustment of redeemable non-controlling interests to redemption value | — | — | — | — | — | — | — | 96,928 | 96,928 | (96,928) | |||||
| Balance as of December 31, 2023 | 19,415,123 | $2 | 59,958,422 | $6 | $— | $39,466 | $4,991 | $(846,825) | $(802,360) | $596,587 | |||||
| Distributions to non-controlling interests | — | — | — | — | — | — | — | (34,863) | (34,863) | — | |||||
| Dividend to Class A shareholders | — | — | — | — | — | (8,922) | — | — | (8,922) | — | |||||
| Special distribution to non-controlling interests | — | — | — | — | — | — | — | (15,573) | (15,573) | ||||||
| Stock-based compensation | — | — | — | — | — | 21,235 | — | — | 21,235 | — | |||||
| Shares issued upon the exchange of convertible debt | 13,587,565 | 2 | — | — | — | 128,264 | — | — | 128,266 | — | |||||
| Earnout Phase 1 | 3,635,924 | — | — | — | — | 52,835 | — | — | 52,835 | — | |||||
| Net loss | — | — | — | — | — | — | — | (53,719) | (53,719) | (29,443) | |||||
| Class A common stock issued pursuant to equity-based plans, net of shares withheld for taxes, warrants and ESPP transactions | 3,865,810 | — | — | — | — | — | — | — | — | — | |||||
| Proceeds from employee stock purchase plan and exercise of options | — | — | — | — | — | 4,998 | — | — | 4,998 | — | |||||
| Class A common stock withheld related to net share settlement of equity awards | — | — | — | — | — | (8,994) | — | — | (8,994) | — | |||||
GPGI, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
(in thousands, except share data)
| Class A Common Stock · Class B Common Stock · Treasury · Additional Paid-in · Accumulated Other · Accumulated · Total Stockholders' · Redeemable Non-Controlling | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Capital · Comprehensive Income · Deficit · Equity (Deficit) · Interest | |||||||||||
| Class A common stock issued pursuant to Class B common stock exchanges | 59,958,422 | 6 | (59,958,422) | (6) | — | — | — | — | — | — | |
| Unrealized loss on derivative - interest rate swap | — | — | — | — | — | — | (2,448) | — | (2,448) | — | |
| Tax receivable agreement liability | — | — | — | — | — | 8,955 | — | — | 8,955 | — | |
| Adjustment of redeemable non-controlling interests to redemption value | — | — | — | — | — | 123,542 | — | 443,602 | 567,144 | (567,144) | |
| Balance as of December 31, 2024 | 100,462,844 | $10 | — | $— | $— | $361,379 | $2,543 | $(507,378) | $(143,446) | $— | |
| Exercise of warrants | 21,192,626 | 2 | — | — | — | 411,384 | — | — | 411,386 | — | |
| Stock-based compensation | — | — | — | — | — | 4,468 | — | — | 4,468 | — | |
| Proceeds from exercise of options | — | — | — | — | — | 121 | — | — | 121 | — | |
| Unrealized loss on derivative - interest rate swap | — | — | — | — | — | — | (502) | (502) | |||
| Purchase of treasury shares | (647,782) | — | — | — | (12,247) | — | — | — | (12,247) | — | |
| Net loss | — | — | — | — | — | — | — | (136,005) | (136,005) | — | |
| Class A common stock issued pursuant to equity-based plans, net of shares withheld for taxes | 1,731,791 | — | — | — | — | (15,285) | — | — | (15,285) | — | |
| Deemed dividend for issuance of stock-based compensation to Resolute Holdings employees | — | — | — | — | — | (28,136) | — | — | (28,136) | ||
| Stock-based compensation granted to Resolute Holdings employees | — | — | — | — | — | 28,136 | — | — | 28,136 | ||
| Tax receivable agreement liability | — | — | — | — | — | 2,165 | — | — | 2,165 | — | |
| Earnout Phase Two | 4,245,597 | — | — | — | — | 74,908 | — | — | 74,908 | — | |
| Stock-based compensation granted at Holdings | — | — | — | — | — | 18,309 | — | — | 18,309 | — | |
| Spin-Off of Resolute Holdings | — | — | — | — | — | (14,209) | — | 3,400 | (10,809) | ||
| Deconsolidation of Holdings | — | — | — | — | — | (136,573) | (2,247) | 188,898 | 50,078 | — | |
| Balance as of December 31, 2025 | 126,985,076 | $12 | — | $— | $(12,247) | $706,667 | $(206) | $(451,085) | $243,141 | $— | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.