GPGI, Inc.
For the period ended Jun 30, 2026. Filed Aug 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.
Jun 30, 2026 · Filed Aug 6, 2026
GPGI$14.95-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
GPGI, INC.
Condensed Consolidated Statements of Operations (Unaudited)
($ in millions, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 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 | 9.4 | 2.6 | 65.0 | 25.3 |
| Income (loss) from operations | (9.4) | (2.6) | (65.0) | 3.4 |
| Other income (expense) | ||||
| Revaluation of warrant liability | — | (53.5) | — | (35.6) |
| Revaluation of earnout consideration liability | — | (10.7) | — | 0.5 |
| Loss on remeasurement of tax receivable agreement liability | (6.2) | — | (28.1) | — |
| Interest expense | — | — | — | (1.6) |
| Interest income | — | — | 0.2 | 0.2 |
| Total other income (expense), net | (6.2) | (64.2) | (27.9) | (36.5) |
| Income (loss) before income taxes | (15.6) | (66.8) | (92.9) | (33.1) |
| Income tax (expense) benefit | (1.2) | 1.8 | (4.8) | (25.2) |
| Income (loss) before earnings in equity method investment | (16.8) | (65.0) | (97.7) | (58.3) |
| Earnings (losses) in equity method investment | 67.1 | 38.9 | (87.0) | 53.7 |
| Net income (loss) | $50.3 | $(26.1) | $(184.7) | $(4.6) |
| Net income (loss) per share - basic | $0.17 | $(0.26) | $(0.66) | $(0.05) |
| Net income (loss) per share - diluted | $0.17 | $(0.26) | $(0.66) | $(0.05) |
| Weighted average shares used to compute net income (loss) per share Class A common stockholders - basic | 289,863,943 | 102,321,754 | 279,983,642 | 102,181,462 |
| Weighted average shares used to compute net income (loss) per share Class A common stockholders - diluted | 292,350,830 | 102,321,754 | 279,983,642 | 102,181,462 |
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