GPGIGPGI, Inc.
Finance Services
- Revenue
- $60M
- 86% YoY
- Operating margin
- -23.0%
- 190% YoY
- EBITDA
- −$12M
- 110% YoY
- Market cap
- $850M
- Employees
- 971
- $62K revenue each
- Net debt / EBITDA
- —
- −$8M net debt
- AI in 10-K
- 0.8
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 3 years3+ of last 5 years
- High CEO pay despite TSRNo$7M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo7% of revenueOver 10% of revenue
- Payouts exceed cash flowNo-54% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$62K · 6th pctBottom quartile of its SIC industry
- Quiet on AINo0.8 per 10K words · 28th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$850M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DYes3 filingsActive-intent 13D in 18 months
- Net insider sellingNo$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $268M | $378M | $391M | $421M | $60M | 86% |
| Operating income | $81M | $115M | $119M | $108M | −$14M | 113% |
| Net income | $3M | $19M | $113M | −$83M | −$136M | 64% |
| Operating cash flow | $78M | $93M | $104M | $130M | −$23M | 118% |
| Capex | $5M | $9M | $11M | $7M | $0 | 100% |
| Stock-based comp | $6M | $11M | $18M | $21M | $4M | 79% |
| Buybacks | — | — | $0 | $0 | $12M | |
| Dividends | — | $0 | $0 | $9M | $0 | 100% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Nov 24, 2025 | DEFM14A | Husky Technologies Limited | $18.50 | 64.81% |
| Nov 13, 2025 | PREM14A | Platinum Equity Advisors, LLC | $18.50 | 76.1670426% |
| Nov 30, 2021 | DEFM14A | LLR Equity Partners IV, L.P. | $10.00 | 100% |
| May 28, 2021 | PREM14A | LLR Equity Partners IV, L.P. | $71.05 | 71.0472541% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jan 20, 2026 | PLATINUM EQUITY, LLC | SCHEDULE 13D | 18.3% | Passive |
| Jan 14, 2026 | Resolute Compo Holdings LLC | SCHEDULE 13D/A | 83.5% | Passive |
| Nov 4, 2025 | Resolute Compo Holdings LLC | SCHEDULE 13D/A | 39.4% | Passive |
| Sep 10, 2025 | Resolute Compo Holdings LLC | SCHEDULE 13D/A | 79.7% | Active |
| Aug 27, 2025 | Resolute Compo Holdings LLC | SCHEDULE 13D/A | 82.5% | Active |
| Aug 22, 2025 | Resolute Compo Holdings LLC | SCHEDULE 13D/A | 88.1% | Active |
| Feb 14, 2025 | Resolute Compo Holdings LLC | SCHEDULE 13D/A | 99.5% | Active |
| Nov 29, 2024 | Resolute Compo Holdings LLC | SC 13D/A | 51.3% | Passive |
| Sep 19, 2024 | Resolute Compo Holdings LLC | SC 13D | 59.7% | Passive |
| Sep 17, 2024 | LLR EQUITY PARTNERS IV, L.P. | SC 13D/A | 0.0% | Passive |
Insider trading
- Open-market buys, 12 mo
- $2M · 8
- Open-market sells, 12 mo
- $462K · 2
- Net
- $2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $23M | 503 | 231 |
| FY2024 | $7M | $63M | 330 | 192 |
| FY2023 | $7M | $4M | 111 | 154 |