Resolute Holdings Management (RHLD) Q4 2025 earnings summary

Executive summary

• Reported a net loss attributable to common stockholders of $(1.7) million for Q4 2025 and $(5.9) million for the full year 2025, with negative EPS of $(0.20) for Q4 and $(0.69) for the year.

• Non-GAAP Fee-Related Earnings per share were $(0.04) for Q4 and $0.11 for the year, reflecting adjustments for equity-based compensation, pro forma management fees, and spin-off costs.

• Management expects a meaningful increase in fee stream and profitability in 2026 following the execution of the Husky Holdings management agreement in January 2026.

Financial highlights

• Full year 2025 net sales reached $462.1 million, up from $420.6 million in 2024.

• Gross profit for 2025 was $260.2 million, up from $219.2 million year-over-year.

• Operating expenses increased to $116.9 million in 2025 from $92.7 million in 2024.

• Net income (loss) attributable to common stockholders was $(5.9) million in 2025, compared to $(2.3) million in 2024.

• Cash and cash equivalents at year-end 2025 were $161.4 million, up from $71.6 million at year-end 2024.

Outlook and guidance

• Anticipates increased fee stream and profitability in 2026 due to the new Husky Holdings management agreement.

• Management highlights the recurring, long-duration management fee model and relatively fixed expense base as drivers for future performance.