RHLDResolute Holdings Management, Inc.

Finance Services

Revenue: $462M; 9.9% YoY
Operating margin: 31.0%; 3.0% YoY
EBITDA: $152M; 12% YoY
Market cap: $945M
Employees: 5,534; $83K revenue each
Net debt / EBITDA: 13.6×; $2.1B net debt
AI in 10-K: 0.0; mentions per 10K words

Takeover score 4 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
6% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
2% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyYes
48% of assets
Over 40% of assets
Shareholder dissentNo
88% lowest support
Any vote under 80% support

Buyer economics 3 of 4

Low revenue per employeeYes
$83K · 9th pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.0 per 10K words · 0th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
13.6× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$945M market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$2M net
Net sales over $10M in 12 months

Financials

Metric	FY2024	FY2025	YoY	Trend
Revenue	$421M	$462M	9.9%
Operating income	$127M	$143M	13%
Net income	−$2M	−$6M	154%
Operating cash flow	$152M	$196M	29%
Capex	$7M	$7M	7.5%
Stock-based comp	$20M	$27M	35%
Buybacks	—	$4M

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Aug 6, 2026	Resolute ManCo Holdings LLC	SCHEDULE 13D/A	52.5%	Passive
Mar 19, 2025	Resolute Compo Holdings LLC	SCHEDULE 13D/A	—	Passive
Mar 7, 2025	Resolute Compo Holdings LLC	SCHEDULE 13D	14.6%	Passive

Insider trading

Open-market buys, 12 mo: $2M · 18
Open-market sells, 12 mo: $230K · 1
Net: $2M

Pay vs performance

No pay-versus-performance disclosure yet.