v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ (184,700,000) $ (4,600,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 0 1,600,000
Stock-based compensation expense 5,300,000 4,000,000.0
(Earnings) losses in equity method investment 87,000,000.0 (53,700,000)
Distributions from GPGI Holdings 20,100,000 15,900,000
Loss on remeasurement of tax receivable agreement liability 28,100,000 0
Revaluation of earnout consideration liability 0 (500,000)
Revaluation of warrant liability 0 35,600,000
Non-cash operating lease expense 0 400,000
Deferred tax expense (benefit) 8,600,000 (1,800,000)
Changes in assets and liabilities    
Accounts receivable 0 2,100,000
Inventories 0 (5,200,000)
Income taxes receivable (12,600,000) 0
Prepaid expenses and other assets 1,700,000 300,000
Accounts payable 1,300,000 1,100,000
Accrued expenses 1,200,000 12,000,000.0
Lease liabilities 0 (400,000)
Other liabilities 0 (3,800,000)
Net cash provided by (used in) operating activities (44,000,000.0) 3,000,000.0
Cash flows from investing activities    
Investments in GPGI Holdings (2,120,400,000) 0
Distributions from GPGI Holdings 111,600,000 0
GPGI Holdings cash deconsolidated as a result of the CompoSecure Management Agreement 0 (50,300,000)
Resolute Holdings cash deconsolidated as a result of the Spin-Off 0 (10,000,000.0)
Capitalized software expenditures 0 (400,000)
Net cash provided by (used in) investing activities (2,008,800,000) (60,700,000)
Cash flows from financing activities    
Proceeds from issuance of Class A common stock in relation to Husky Transaction 1,962,000,000 0
Proceeds from employee stock purchase plan and exercise of options 0 100,000
Payments for taxes related to net share settlement of equity awards 0 (15,300,000)
Payment of tax receivable agreement liability (14,600,000) (4,700,000)
Dividends to Class A shareholders (1,500,000) 0
Proceeds from the exercise of warrants 0 4,900,000
Net cash provided by (used in) financing activities 1,945,900,000 (15,000,000.0)
Net increase (decrease) in cash and cash equivalent (106,900,000) (72,700,000)
Cash and cash equivalent, beginning of period 114,600,000 77,500,000
Cash and cash equivalent, end of period 7,700,000 4,800,000
Supplemental disclosure of cash flow information    
Cash paid for interest 0 2,200,000
Cash paid for income taxes 7,000,000.0 11,500,000
Supplemental disclosure of non-cash operating and financing activities    
Distribution from GPGI Holdings for non-cash interest carryforward (per section 163j) 2,900,000 0
Operating lease right of use assets exchanged for lease liabilities 0 4,200,000
Derivative asset - interest rate swap 0 (500,000)
Non-cash portion of warrant exercise 0 (2,300,000)
Investment in GPGI Holdings for stock-based compensation 4,800,000 6,800,000
GPGI Holdings net liabilities, excluding cash and cash equivalents, deconsolidated as a result of CompoSecure Management Agreement 0 (98,500,000)
Resolute Holdings net liabilities, excluding cash and cash equivalents, deconsolidated as a result of Spin-Off 0 (1,500,000)
GPGI, Inc. Class A common stock issued to GPGI Holdings in relation to Husky Transaction $ 1,143,000,000 $ 0