Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data GPGI, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
243
261
268
378
391
421
59.8
Cost of revenue
115
128
123
159
182
201
31.1
Gross profit
128
133
145
220
209
219
28.7
Research and development
2.7
6.72
6.78
7.44
1.32
General and administrative
40.6
48.7
63.4
105
90
112
42.5
Operating income
86.9
84
81.4
115
119
108
-13.7
Interest expense
5.45
6.14
11.9
21.4
27.5
20.2
1.69
Interest income
0.11
0.05
0
1.25
4.98
4.65
1.23
Other non-operating income
-5.45
-6.14
1.13
21.3
-2.01
-189
-212
Pre-tax income
81.5
77.8
82.6
136
117
-81
-226
Income tax
0
0
-0.86
4.36
4.56
2.19
39
Net income to minority interests
80.3
113
93.3
-29.4
0
Net income
81.5
77.8
-70.4
3.15
18.7
19.2
-53.7
-136
EBITDA
95.5
93.9
91.9
123
127
117
-12.1
EPS, basic
0.21
1.21
1.03
-1.22
-1.23
EPS, diluted
0.12
1.13
0.96
-1.22
-1.23
Shares, basic (weighted)
14.9
15.4
18.7
44
111
Shares, diluted (weighted)
94.6
32.6
35.3
44
111
Balance sheet
FY2019
FY2020
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
26.7
13.4
21.9
13.6
41.2
77.5
115
Receivables
8.79
27.9
37.3
40.5
47.4
0
Inventory
30.2
25.8
42.4
52.5
44.8
0
Other current assets
1.08
2.6
3.82
5.13
4.16
5.5
Total current assets
53.5
78.3
97.1
139
174
120
Property, plant and equipment
27.9
22.2
22.7
25.2
23.4
0
Lease right-of-use assets
0
5.25
8.93
7.47
5.4
0
Total assets
81.4
131
163
201
474
517
Accounts payable
2.42
7.06
7.13
5.19
11.5
0.9
Accrued liabilities
11.6
10.1
10.2
12
14.7
1.8
Short-term debt
24
12.5
14.4
10.3
11.3
0
Total current liabilities
41.6
60.5
47.4
41
76.3
18.9
Long-term debt
344
326
184
Lease liabilities
0
4.71
7.77
6.22
3.89
0
Other non-current liabilities
0.41
0
Total liabilities
274
539
455
407
617
274
Total debt
212
360
344
336
196
0
Paid-in capital
6.15
12.3
24.1
39.5
361
707
Retained earnings
-199
-1,028
-925
-847
-507
-451
Treasury stock
0
-12.2
Other comprehensive income
0
8.28
4.99
2.54
-0.2
Shareholders' equity
-55.5
-193
-1,016
-892
-802
-144
243
Total equity
-55.5
-193
-1,016
-892
-802
-144
243
Total liabilities and equity
81.4
131
163
201
474
517
Shares outstanding
76.1
Cash flow statement
FY2019
FY2020
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
81.5
77.8
-70.4
83.4
132
113
-83.2
-136
Depreciation and amortization
8.61
9.92
10.4
8.58
8.39
9.17
1.62
Stock-based compensation
1.68
1.85
6.11
11.5
17.6
21.2
4.47
Deferred income tax
0
0
-0.86
3.19
2.67
-2.47
14.7
Change in receivables
5.83
10.2
-19.1
-9.35
-3.22
-6.96
2.06
Change in inventory
-5.68
-12.9
3.79
-18.2
-8.98
8
-5.2
Change in payables
-0.03
-0.46
4.64
0.07
-1.93
6.35
-0.63
Cash from operations
81.2
87.1
77.8
92.8
104
130
-22.9
Capital expenditures
-9.64
-7.5
-4.75
-9.05
-10.9
-7.41
0
Cash from investing
-9.64
-7.5
-4.75
-9.05
-10.9
-9.95
-60.7
Stock issued
0.08
1.2
5
Share buybacks
0
0
-12.2
Dividends paid
0
0
-8.92
0
Cash from financing
-57.8
-92.9
-64.5
-92
-65.8
-83.4
121
Net change in cash
13.7
-13.3
8.52
-8.3
27.6
36.2
37.2
Free cash flow
71.5
79.6
73
83.7
93.4
122
-22.9
Interest paid
4.89
5.32
10.1
21.4
27.2
20.6
2.16
Income taxes paid
0
0.86
2.76
4.82
24.3
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.61 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
195.8%
Gross profit / revenue.
Operating margin
-342,212.0%
Operating income / revenue.
EBITDA margin
-342,117.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-1,317,104.0%
Net income / revenue.
Operating cash flow margin
-291,175.0%
Cash from operations / revenue.
Return on equity (ROE)
-10.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-9.1%
Net income / average total assets.
Return on invested capital (ROIC)
-2.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
24,088.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
95.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-85.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-45.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-86.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-49.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y
-112.8%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-110.4%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-117.7%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-118.7%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
9.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
47.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
151.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
50.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.14x
Current assets / current liabilities.
Quick ratio
0.32x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.32x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.00
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.24
Cash from operations / diluted weighted shares.
Book value per share
$10.85
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
140,234x
Market cap / revenue.
P/B
1.06x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.06x
Market cap / tangible book value, when positive.
EV/Sales
139,913x
Enterprise value / revenue.
Earnings yield
-9.4%
Net income / market cap (the inverse of P/E).
Dividend yield
0.0%
Dividends paid over the period / market cap.
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was GPGI, Inc.'s revenue in fiscal 2025?
GPGI, Inc. reported revenue of $59.8M for fiscal 2025, 85.8% lower than the year before.
Was GPGI, Inc. profitable in fiscal 2025?
No. It reported a net loss of $136.0M.
How much free cash flow did GPGI, Inc. generate in fiscal 2025?
Cash from operations of $22.9M minus capital expenditures of $0.0 left free cash flow of -$22.9M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.