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$15.35+8.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
GPGI, INC.
Consolidated Balance Sheets
($ in thousands, except par value and share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $114,642 | $77,461 |
| Accounts receivable | — | 47,449 |
| Inventories, net | — | 44,833 |
| Prepaid expenses and other current assets | 5,446 | 4,159 |
| Total Current assets | 120,088 | 173,902 |
| Property and equipment, net | — | 23,448 |
| Right-of-use asset - operating leases | — | 5,404 |
| Deferred tax asset | 271,724 | 264,815 |
| Derivative asset- interest rate swap | — | 2,749 |
| Equity method investment | 125,455 | — |
| Deposits and other assets | — | 3,600 |
| Total assets | $517,267 | $473,918 |
| LIABILITIES AND STOCKHOLDERS' EQUITY ( DEFICIT) | ||
| CURRENT LIABILITIES | ||
| Accrued expenses | $1,851 | $14,682 |
| Accounts payable | 922 | 11,544 |
| Commission payable | — | 2,563 |
| Bonus payable | — | 8,466 |
| Current portion of long-term debt | — | 11,250 |
| Current portion of lease liabilities - operating leases | — | 2,113 |
| Current portion of earnout consideration liability | — | 20,533 |
| Current portion of tax receivable agreement liability | 16,193 | 5,171 |
| Total current liabilities | 18,966 | 76,322 |
| Long-term debt, net of deferred finance costs | — | 184,389 |
| Warrant liability | — | 104,231 |
| Lease liabilities - operating leases | — | 3,888 |
| Tax receivable agreement liability | 255,160 | 248,534 |
| Total liabilities | 274,126 | 617,364 |
| Commitments and contingencies (Note 16) | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; 1,000,000,000 and 250,000,000 shares authorized, 126,985,076 and 100,462,844 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | 12 | 10 |
| Treasury shares | (12,247) | — |
| Additional paid-in-capital | 706,667 | 361,379 |
| Accumulated other comprehensive income | (206) | 2,543 |
| Accumulated deficit | (451,085) | (507,378) |
| Total stockholders' equity (deficit) | 243,141 | (143,446) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $517,267 | $473,918 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.