v3.26.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The information below represents a disaggregation of the operating results of the Company segments consistent with the information reviewed by the CODM.
Three Months Ended September 30,
2026
2025
CompoSecure
Husky
Total
CompoSecure
Husky
Total
Net Sales
$
140.7 
$
368.9 
$
509.6 
$
120.9 
$
— 
$
120.9 
Less(1)
Material
22.8 
132.6 
155.4 
20.2 
— 
20.2 
Personnel
32.3 
95.8 
128.1 
30.3 
— 
30.3 
Overhead
13.1 
34.4 
47.5 
11.7 
— 
11.7 
Professional fees
3.5 
6.2 
9.7 
3.1 
— 
3.1 
Management fees
5.1 
8.7 
13.8 
3.7 
— 
3.7 
Sales and marketing
0.5 
2.6 
3.1 
0.2 
— 
0.2 
Other segment expenses(2)
2.2 
(0.2)
2.0 
1.9 
— 
1.9 
Adjusted EBITDA
$
61.2 
$
88.8 
150.0 
$
49.8 
$
— 
49.8 
Reconciliation of Adjusted EBITDA to net income (loss)
Corporate Adjusted EBITDA(3)
(3.7)
(2.1)
Depreciation and amortization
(32.6)
(2.3)
Stock-based compensation
(6.6)
(5.8)
Income tax (expense) benefit
5.0 
(29.8)
Interest expense, net
(32.1)
(1.8)
Foreign currency gain (loss)
(0.3)
— 
Husky Transaction costs
(1.0)
(2.8)
Loss on disposal of assets
(0.2)
— 
Severance cost
(2.5)
— 
Additional earnout cost
— 
(5.0)
Mark to market adjustments, net
— 
(174.9)
Net income (loss)
$
76.0 
$
(174.7)
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM, which nets out discrete items noted in the reconciliation of Adjusted EBITDA to net income (loss).
(2) Other segment expenses relate to miscellaneous expenses.
(3) Corporate Adjusted EBITDA consists of the activity of the corporate entities, which are not considered operating segments.
Nine Months Ended September 30,
2026
2025
CompoSecure
Husky
Total
CompoSecure
Husky
Total
Net Sales
$
404.7 
$
985.9 
$
1,390.6 
$
344.3 
$
— 
$
344.3 
Less(1)
Material
71.8 
348.0 
419.8 
59.7 
— 
59.7 
Personnel
97.0 
291.7 
388.7 
88.8 
— 
88.8 
Overhead
38.4 
90.1 
128.5 
37.0 
— 
37.0 
Professional fees
9.8 
14.0 
23.8 
11.5 
— 
11.5 
Management fees
14.3 
26.0 
40.3 
8.2 
— 
8.2 
Sales and marketing
1.6 
11.2 
12.8 
0.8 
— 
0.8 
Other segment expenses(2)
7.8 
10.0 
17.8 
4.0 
— 
4.0 
Adjusted EBITDA
$
164.0 
$
194.9 
358.9 
$
134.3 
$
— 
134.3 
Reconciliation of Adjusted EBITDA to net income (loss)
Corporate Adjusted EBITDA(3)
(13.7)
(5.5)
Depreciation and amortization
(156.2)
(6.9)
Stock-based compensation
(16.7)
(16.6)
Income tax expense
(25.1)
(55.0)
Interest expense, net
(94.5)
(6.3)
Foreign currency gain (loss)
3.9 
— 
Husky Transaction costs
(95.2)
(2.8)
Loss on disposal of assets
(1.1)
— 
Severance cost
(6.7)
— 
Loss on remeasurement of TRA liability
(28.1)
— 
Fair value inventory step-up(4)
(23.6)
— 
Additional earnout cost
— 
(5.0)
Loss on debt extinguishment(4)
(10.6)
— 
Mark to market adjustments, net
— 
(209.9)
Spin-Off costs
— 
(5.6)
Net income (loss)
$
(108.7)
$
(179.3)
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM, which nets out discrete items noted in the reconciliation of Adjusted EBITDA to net income (loss).
(2) Other segment expenses relate to miscellaneous expenses.
(3) Corporate Adjusted EBITDA consists of the activity of the corporate entities, which are not considered operating segments.
(4) Measurement period adjustments reflected in the condensed consolidated statements of operations in the current period related to the Husky Transaction.
The following table reconciles each reportable segment's cash and assets to the Company's totals.
September 30, 2026
CompoSecure
Husky
Other
Total
Total cash
$
72.5 
$
96.9 
$
(163.9)
$
5.5 
Total assets
$
275.6 
$
5,884.7 
$
(2,616.8)
$
3,543.5 
September 30, 2025
CompoSecure
Other
Total
Total cash
$
97.2 
$
30.2 
$
127.4 
Total assets
$
280.8 
$
224.7 
$
505.5