CompoSecure Inc
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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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.
FY2024 · Filed Mar 5, 2025
GPGI$14.95-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
COMPOSECURE, INC.
Consolidated Balance Sheets
($ in thousands, except par value and share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $77,461 | $41,216 |
| Accounts receivable | 47,449 | 40,488 |
| Inventories, net | 44,833 | 52,540 |
| Prepaid expenses and other current assets | 4,159 | 5,133 |
| Total Current assets | 173,902 | 139,377 |
| Property and equipment, net | 23,448 | 25,212 |
| Right-of-use asset - operating leases | 5,404 | 7,473 |
| Deferred tax asset | 264,815 | 23,697 |
| Derivative asset- interest rate swap | 2,749 | 5,258 |
| Deposits and other assets | 3,600 | 24 |
| Total assets | $473,918 | $201,041 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $11,544 | $5,193 |
| Accrued expenses | 14,682 | 11,986 |
| Bonus payable | 8,466 | 5,616 |
| Commission payable | 2,563 | 4,429 |
| Current portion of long-term debt | 11,250 | 10,313 |
| Current portion of lease liabilities - operating leases | 2,113 | 1,948 |
| Current portion of earnout consideration liability | 20,533 | 60 |
| Current portion of tax receivable agreement liability | 5,171 | 1,425 |
| Total current liabilities | 76,322 | 40,970 |
| Long-term debt, net of deferred finance costs | 184,389 | 198,331 |
| Convertible notes | — | 127,832 |
| Derivative liability - convertible notes redemption make-whole provision | — | 425 |
| Warrant liability | 104,231 | 8,294 |
| Lease liabilities - operating leases | 3,888 | 6,220 |
| Tax receivable agreement liability | 248,534 | 23,949 |
| Earnout consideration liability | — | 793 |
| Total liabilities | 617,364 | 406,814 |
| Commitments and contingencies (Note 15) | ||
| Redeemable non-controlling interest | — | 596,587 |
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; 250,000,000 shares authorized, 100,462,844 and 19,415,123 shares issued and outstanding as of December 31, 2024 and 2023, respectively. | 10 | 2 |
| Class B common stock,$0.0001 par value; 75,000,000 shares authorized, 0 shares and 59,958,422 shares issued and outstanding as of December 31, 2024 and 2023, respectively. | — | 6 |
| Additional paid-in-capital | 361,379 | 39,466 |
| Accumulated other comprehensive income | 2,543 | 4,991 |
| Accumulated deficit | (507,378) | (846,825) |
| Total stockholders' deficit | (143,446) | (802,360) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $473,918 | $201,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.