Gpgi, Inc. income statement
In fiscal 2025, Gpgi, Inc. reported revenue of $59.8m, down 85.8% on the year before, operating income of −$13.7m (a -23.0% margin) and net income of −$136m, or −$1.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 243 | 261 | 268 | 378 | 391 | 421 | 60 | 0 |
| Cost of revenue | 115 | 128 | 123 | 159 | 182 | 201 | 31 | 0 |
| Gross profit | 128 | 133 | 145 | 220 | 209 | 219 | 29 | −0 |
| Research and development | — | — | 3 | 7 | 7 | 7 | 1 | — |
| General and administrative | 41 | 49 | 63 | 105 | 90 | 112 | 42 | — |
| Operating income | 87 | 84 | 81 | 115 | 119 | 108 | −14 | −82 |
| Interest expense | 5 | 6 | 12 | 21 | 28 | 20 | 2 | 0 |
| Income before tax | 81 | 78 | 83 | 136 | 117 | −81 | −226 | — |
| Income tax | 0 | 0 | −1 | 4 | 5 | 2 | 39 | 19 |
| Net income | 81 | 78 | 3 | 19 | 19 | −54 | −136 | −316 |
| Diluted EPS | — | — | $0.36 | $1.13 | $0.96 | −$1.22 | −$1.23 | −$1.60 |
| Diluted shares (average) | — | — | 32m | 33m | 35m | 44m | 111m | 197m |
| EBITDA | 96 | 94 | 92 | 123 | 127 | 117 | −12 | −82 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 101 | 60 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 52 | 48 | 31 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 55 | 53 | 29 | 0 | 0 | −0 | 0 | 0 |
| Selling, general and administrative | — | — | 23 | 3 | — | — | 56 | 9 |
| General and administrative | 26 | 37 | — | — | 10 | 7 | — | — |
| Operating income | 29 | 16 | 6 | −3 | −10 | −7 | −56 | −9 |
| Interest expense | 6 | 1 | 2 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −85 | −46 | 34 | −67 | −185 | −8 | — | — |
| Income tax | 1 | 2 | 27 | −2 | 30 | −16 | 4 | 1 |
| Net income | −42 | −37 | 22 | −26 | −175 | 43 | −235 | 50 |
| Diluted EPS | −$1.10 | −$0.64 | $0.07 | −$0.26 | −$1.58 | $0.47 | −$0.87 | $0.17 |
| EBITDA | 31 | 18 | 8 | −3 | −10 | −7 | −56 | −9 |
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