v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income (loss) $ (108.7) $ (179.3)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 0.0 1.6
Stock-based compensation expense 8.8 4.2
(Earnings) losses in equity method investment 12.2 (93.4)
Distributions from GPGI Holdings 21.6 21.7
Loss on remeasurement of tax receivable agreement liability 28.1 0.0
Revaluation of earnout consideration liability 0.0 57.1
Revaluation of warrant liability 0.0 152.8
Non-cash operating lease expense 0.0 0.4
Deferred tax benefit (3.9) (1.8)
Changes in assets and liabilities    
Accounts receivable 0.0 2.1
Inventories 0.0 (5.2)
Income taxes receivable (7.3) 0.0
Prepaid expenses and other assets 2.0 (3.3)
Accounts payable 1.5 0.0
Accrued expenses 0.2 38.2
Lease liabilities 0.0 (0.4)
Other liabilities 0.0 (3.7)
Net cash provided by (used in) operating activities (45.5) (9.0)
Cash flows from investing activities    
Investments in GPGI Holdings (2,120.4) 0.0
Distributions from GPGI Holdings 111.6 0.0
GPGI Holdings cash deconsolidated as a result of the CompoSecure Management Agreement 0.0 (50.3)
Resolute Holdings cash deconsolidated as a result of the Spin-Off 0.0 (10.0)
Capitalized software expenditures 0.0 (0.4)
Net cash provided by (used in) investing activities (2,008.8) (60.7)
Cash flows from financing activities    
Proceeds from issuance of Class A common stock in relation to Husky Transaction 1,962.0 0.0
Proceeds from employee stock purchase plan and exercise of options 0.0 0.1
Payments for taxes related to net share settlement of equity awards 0.0 (18.0)
Purchase of treasury shares 0.0 (12.2)
Payment of tax receivable agreement liability (14.6) (4.7)
Dividends to Class A shareholders (2.2) 0.0
Proceeds from the exercise of warrants 0.0 154.4
Net cash provided by (used in) financing activities 1,945.2 119.6
Net increase (decrease) in cash and cash equivalents (109.1) 49.9
Cash and cash equivalents, beginning of period 114.6 77.5
Cash and cash equivalents, end of period 5.5 127.4
Supplemental disclosure of cash flow information    
Cash paid for interest 0.0 2.2
Cash paid for income taxes 7.1 16.8
Supplemental disclosure of non-cash activities    
Distribution from GPGI Holdings for non-cash interest carryforward (per section 163j) 5.3 0.0
Operating lease right of use assets exchanged for lease liabilities 0.0 4.2
Derivative asset - interest rate swap 0.0 (0.5)
Non-cash portion of warrant exercise 0.0 (215.5)
Settlement of earnout phase two 0.0 (77.6)
Investment in GPGI Holdings for stock-based compensation 7.9 12.4
GPGI Holdings net liabilities, excluding cash and cash equivalents, deconsolidated as a result of CompoSecure Management Agreement 0.0 (100.4)
Resolute Holdings net liabilities, excluding cash and cash equivalents, deconsolidated as a result of Spin-Off 0.0 (1.5)
GPGI, Inc. Class A common stock issued to GPGI Holdings in relation to Husky Transaction $ 1,143.0 $ 0.0