Resolute Holdings Management (RHLD) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 rose 296% year-over-year to $473.2M, driven by the Husky acquisition and 12% organic growth at CompoSecure.

• Gross profit increased 140% to $165.0M, but gross margin declined to 35% from 58% due to Husky's lower margins and higher depreciation/amortization.

• Reported Q2 2026 diluted EPS attributable to common stockholders of $(1.53), down from $(0.07) year-over-year, while Non-GAAP Fee-Related Earnings per share rose to $0.69 from $0.08.

• Operating expenses surged 360% to $129.8M, primarily from the Husky acquisition.

• Net income attributable to common stockholders was a loss of $12.4M, compared to a $0.6M loss in Q2 2025.

Financial highlights

• Six-month net sales increased 294% year-over-year to $881.0M, with CompoSecure up 18% organically.

• Gross profit for the six months was $320.6M (36% margin), up from $123.3M (55% margin) in the prior year.

• Operating income for the six months fell to $29.5M from $66.2M, with operating margin dropping to 3% from 30%.

• Q2 2026 management fees were $13.6M, up from $3.4M year-over-year.

• Fee-Related Earnings for Q2 2026 were $5.6M, up from $0.7M in Q2 2025.

Outlook and guidance

• Management expects continued impact from global economic and geopolitical instability, including higher input and shipping costs, customer order delays, and supply chain disruptions.

• The company believes current liquidity and credit facilities are sufficient for at least the next 12 months.

• Management expects continued benefit from recurring, long-duration management fees and a relatively fixed expense base.

• Forward-looking statements highlight risks from fee fluctuations, cost changes, and macroeconomic factors.