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Financial statements

Resolute Holdings Management, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Resolute Holdings Management, 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

FY2024FY2025
Revenue421462
Cost of revenue201202
Gross profit219260
Research and development7.446.57
Selling, general and administrative92.7117
Operating income127143
Interest expense20.213.2
Interest income4.585.47
Other non-operating income-16.4-8.36
Pre-tax income110135
Income tax-0.020.89
Net income to minority interests112140
Net income-2.33-5.92
EBITDA136152
EPS, basic-0.27-0.69
EPS, diluted-0.27-0.69
Shares, basic (weighted)8.538.52
Shares, diluted (weighted)8.538.52

Balance sheet

FY2024FY2025
Cash and equivalents71.6161
Short-term investments044.1
Receivables47.444.2
Inventory44.844.2
Other current assets2.73.4
Total current assets167298
Property, plant and equipment23.421.6
Lease right-of-use assets5.49.9
Intangible assets1.9
Other non-current assets1.6
Total assets202333
Accounts payable5.6911.9
Accrued liabilities31.148.4
Deferred revenue0
Short-term debt11.315
Total current liabilities50.177.6
Long-term debt184169
Lease liabilities3.898.3
Other non-current liabilities8.3
Total liabilities238255
Total debt196184
Paid-in capital1.5418.9
Retained earnings-2.33-8.3
Treasury stock-4.1
Shareholders' equity-0.796.5
Minority interests-35.871.2
Total equity-36.677.7
Total liabilities and equity202333
Shares outstanding08.5

Cash flow statement

FY2024FY2025
Net income110134
Depreciation and amortization9.178.5
Stock-based compensation19.926.8
Deferred income tax-0.02-0.16
Change in receivables-6.963.23
Change in inventory7.710.62
Change in payables0.526.23
Cash from operations152196
Capital expenditures-7.41-6.86
Purchases of investments-1.5-52
Cash from investing-9.95-51.4
Share buybacks-4.1
Cash from financing-109-54.9
Net change in cash33.489.8
Free cash flow145189
Interest paid20.612.8
Income taxes paid01.09

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 $125.38 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin40.9%Gross profit / revenue.
Operating margin9.5%Operating income / revenue.
EBITDA margin13.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin2.5%Pre-tax income / revenue.
Net margin4.2%Net income / revenue.
FCF margin7.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin9.4%Cash from operations / revenue.
Effective tax rate-24.7%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)0.8%Net income / average total assets.
Return on invested capital (ROIC)4.1%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%.
SG&A / revenue31.5%Selling, general and administrative expense / revenue.
Stock-based pay / revenue1.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue2.2%Capital expenditures / revenue.
D&A / revenue3.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y9.9%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y18.7%Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y13.2%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y11.8%EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y28.9%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y30.8%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y64.9%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y-0.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.35xCurrent assets / current liabilities.
Quick ratio0.68x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.19x(Cash + short-term investments) / current liabilities.
Debt / assets35.5%Total debt / total assets.
Liabilities / assets50.2%Total liabilities / total assets.
Net debt$2.06BTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA13.9xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage1.50xOperating income / interest expense.
Working capital$212.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets75.5%(Goodwill + intangible assets) / total assets.
Tangible book value-$4.66BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.18xRevenue / average total assets.
Fixed asset turnover1.96xRevenue / average property, plant and equipment.
Inventory turnover2.05xCost of revenue / average inventory.
Days inventory178 days365 x average inventory / cost of revenue.
Receivables turnover3.78xRevenue / average receivables.
Days sales outstanding97 days365 x average receivables / revenue.
Days payables48 days365 x average accounts payable / cost of revenue.
Cash conversion cycle226 daysDays inventory + days sales outstanding - days payables.
FCF conversion170.7%Free cash flow / net income, when net income is positive.
Capex / operating cash flow23.7%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$5.82Net 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$138.16Revenue / diluted weighted shares.
FCF per share$9.94Free cash flow / diluted weighted shares.
Operating cash flow per share$13.02Cash from operations / diluted weighted shares.
Book value per share-$4.02Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$595.19Tangible book value / shares outstanding.
Cash per share$14.94(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$980.4MShare price x shares outstanding.
Enterprise value$3.04BMarket cap + total debt - cash - short-term investments.
P/E20.8xMarket cap / net income. Only when net income is positive.
P/S0.88xMarket cap / revenue.
P/FCF12.2xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF9.29xMarket cap / cash from operations, when positive.
EV/Sales2.72xEnterprise value / revenue.
EV/EBIT28.6xEnterprise value / operating income, when both are positive.
EV/EBITDA20.5xEnterprise value / EBITDA, when both are positive.
EV/FCF37.8xEnterprise value / free cash flow, when both are positive.
FCF yield8.2%Free cash flow / market cap.
Earnings yield4.8%Net income / market cap (the inverse of P/E).
What was Resolute Holdings Management, Inc.'s revenue in fiscal 2025?

Resolute Holdings Management, Inc. reported revenue of $462.1M for fiscal 2025, 9.9% higher than the year before.

Was Resolute Holdings Management, Inc. profitable in fiscal 2025?

No. It reported a net loss of $5.9M.

How much free cash flow did Resolute Holdings Management, Inc. generate in fiscal 2025?

Cash from operations of $196.1M minus capital expenditures of $6.9M left free cash flow of $189.2M.

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.

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