RHLD Q3 2025 TL;DR Summary
Resolute Holdings Management (RHLD), spun off from CompoSecure (CS) on February 28, 2025, consolidates CSH as a VIE, deriving revenue solely from a 2.5% management fee on CSH’s Adjusted EBITDA (\(3.7M recognized in Q3 2025). RHLD functions primarily as a management entity, reporting a small operating loss (\)(262K) in 3M 2025) before eliminations.
Financial Highlights & Structure Consolidated net sales grew 8% YTD to $344.3M, driven entirely by strong domestic card business growth; international sales contracted. Gross Margin improved to 59% in Q3 due to oper
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