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.
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Consolidated Statements of Stockholders' Deficit
COMPOSECURE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
(in thousands, except share data)
| Class A Common Stock · Class B Common Stock · Additional Paid-in · Accumulated Other · Accumulated · Total Stockholders' · Redeemable Non-Controlling | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Comprehensive Income | Deficit | Deficit | Interest | |
| Balance as of December 31, 2021 | 14,929,982 | $1 | 61,136,800 | $6 | $12,261 | $— | $(1,028,229) | $(1,015,961) | $608,311 |
| Distributions to non-controlling interests | — | — | — | — | — | — | (36,293) | (36,293) | — |
| Stock-based compensation | — | — | — | — | 11,465 | — | — | 11,465 | — |
| Issuance costs related to business combination | — | — | — | — | (726) | — | — | (726) | — |
| Net income | — | — | — | — | — | — | 18,657 | 18,657 | 113,158 |
| Class A common stock issued pursuant to equity-based plans, net of shares withheld for taxes and employee stock purchase plan transactions | 705,023 | — | — | — | — | — | — | — | — |
| Proceeds from employee stock purchase plan and exercise of options | — | — | — | — | 82 | — | — | 82 | — |
| Class A common stock issued pursuant to Class B common stock exchanges | 811,743 | 1 | (811,743) | — | — | — | — | 1 | — |
| Unrealized gain on derivative - interest rate swap | — | — | — | — | — | 8,283 | — | 8,283 | — |
| Tax receivable agreement liability | — | — | — | — | 1,025 | — | — | 1,025 | — |
| Adjustment of redeemable non-controlling interests to redemption value | — | — | — | — | — | — | 121,235 | 121,235 | (121,235) |
| Balance as of December 31, 2022 | 16,446,748 | $2 | 60,325,057 | $6 | $24,107 | $8,283 | $(924,630) | $(892,232) | $600,234 |
| Distributions to non-controlling interests | — | — | — | — | — | — | (38,362) | (38,362) | — |
| Stock-based compensation | — | — | — | — | 17,562 | — | — | 17,562 | — |
| Net income | — | — | — | — | — | — | 19,239 | 19,239 | 93,281 |
| Class A common stock issued pursuant to equity-based plans, net of shares withheld for taxes and employee stock purchase plan transactions | 2,601,740 | — | — | — | — | — | — | — | — |
| Proceeds from employee stock purchase plan and exercise of options | — | — | — | — | 1,196 | — | — | 1,196 | — |
| Class A common stock withheld related to net share settlement of equity awards | — | — | — | — | (3,126) | — | — | (3,126) | — |
| Class A common stock issued pursuant to Class B common stock exchanges | 366,635 | — | (366,635) | — | — | — | — | — | — |
| Unrealized loss on derivative - interest rate swap | — | — | — | — | — | (3,292) | — | (3,292) | — |
| Tax receivable agreement liability | — | — | — | — | (273) | — | — | (273) | — |
COMPOSECURE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
(in thousands, except share data)
| Adjustment of redeemable non-controlling interests to redemption value | — | — | — | — | — | — | 96,928 | 96,928 | (96,928) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2023 | 19,415,123 | $2 | 59,958,422 | $6 | $39,466 | $4,991 | $(846,825) | $(802,360) | $596,587 | ||||||||
| Distributions to non-controlling interests | — | — | — | — | — | — | (34,863) | (34,863) | — | ||||||||
| Dividend to Class A shareholders | — | — | — | — | (8,922) | — | — | (8,922) | — | ||||||||
| Special distribution to non-controlling interests | — | — | — | — | — | — | (15,573) | (15,573) | |||||||||
| Stock-based compensation | — | — | — | — | 21,235 | — | — | 21,235 | — | ||||||||
| Shares issued upon the exchange of convertible debt | 13,587,565 | 2 | — | — | 128,264 | — | — | 128,266 | — | ||||||||
| Earnout Phase 1 | 3,635,924 | — | — | — | 52,835 | — | — | 52,835 | — | ||||||||
| Net loss | — | — | — | — | — | — | (53,719) | (53,719) | (29,443) | ||||||||
| Class A common stock issued pursuant to equity-based plans, net of shares withheld for taxes, warrants and ESPP transactions | 3,865,810 | — | — | — | — | — | — | — | — | ||||||||
| Proceeds from employee stock purchase plan and exercise of options | — | — | — | — | 4,998 | — | — | 4,998 | — | ||||||||
| Class A common stock withheld related to net share settlement of equity awards | — | — | — | — | (8,994) | — | — | (8,994) | — | ||||||||
| Class A common stock issued pursuant to Class B common stock exchanges | 59,958,422 | 6 | (59,958,422) | (6) | — | — | — | — | — | ||||||||
| Unrealized loss on derivative - interest rate swap | — | — | — | — | — | (2,448) | — | (2,448) | — | ||||||||
| Tax receivable agreement liability | — | — | — | — | 8,955 | — | — | 8,955 | — | ||||||||
| Adjustment of redeemable non-controlling interests to redemption value | — | — | — | — | 123,542 | — | 443,602 | 567,144 | (567,144) | ||||||||
| Balance as of December 31, 2024 | 100,462,844 | $10 | — | $— | $361,379 | $2,543 | $(507,378) | $(143,446) | $— | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.