GPGI, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 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, 2026 · Filed Nov 6, 2026
GPGI$15.35+8.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
GPGI, INC.
Condensed Consolidated Statements of Operations (Unaudited)
($ in millions, except per share amounts; shares in millions)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net sales | $— | $— | $— | $59.8 |
| Cost of sales | — | — | — | 31.1 |
| Gross profit | — | — | — | 28.7 |
| Operating expenses | ||||
| Selling, general and administrative expenses | 5.8 | 9.9 | 70.8 | 35.3 |
| Income (loss) from operations | (5.8) | (9.9) | (70.8) | (6.6) |
| Other income (expense) | ||||
| Revaluation of warrant liability | — | (117.3) | — | (152.8) |
| Revaluation of earnout consideration liability | — | (57.6) | — | (57.1) |
| Loss on remeasurement of tax receivable agreement liability | — | — | (28.1) | — |
| Interest expense | — | — | — | (1.7) |
| Interest income | — | 0.3 | 0.2 | 0.5 |
| Total other income (expense), net | — | (174.6) | (27.9) | (211.1) |
| Income (loss) before income taxes | (5.8) | (184.5) | (98.7) | (217.7) |
| Income tax (expense) benefit | 7.0 | (29.8) | 2.2 | (55.0) |
| Income (loss) before earnings in equity method investment | 1.2 | (214.3) | (96.5) | (272.7) |
| Earnings (losses) in equity method investment | 74.8 | 39.6 | (12.2) | 93.4 |
| Net income (loss) | $76.0 | $(174.7) | $(108.7) | $(179.3) |
| Net income (loss) per share - basic | $0.26 | $(1.58) | $(0.38) | $(1.70) |
| Net income (loss) per share - diluted | $0.26 | $(1.58) | $(0.38) | $(1.70) |
| Weighted average shares used to compute net income (loss) per share: | ||||
| Class A common stockholders - basic | 289.9 | 110.3 | 283.3 | 105.3 |
| Class A common stockholders - diluted | 292.4 | 110.3 | 283.3 | 105.3 |
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