Emerald Holding, Inc.
Business
Emerald Holding, Inc. is a leading B2B event organizer principally in the United States with expanding operations in the U.K. and international markets. The company operates three complementary business lines: Connections (trade shows, expos, conferences, and executive peer networking events across seven industry verticals), Content (B2B digital media platforms and print publications extending event value), and Commerce (B2B e-commerce and digital merchandising solutions through the Elastic platform). Emerald generates revenue from booth and sponsorship fees, registration fees, advertising sales, and subscription-based software services, leveraging first-party data and network effects to drive customer engagement and loyalty.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 463 | 399 | 383 | 326 | 146 | |
| Other income, net | 0 | 2 | 3 | 183 | 77 | |
| Cost of revenues | 169 | 148 | 138 | 117 | 57 | |
| Selling, general and administrative expense | 241 | 170 | 168 | 145 | 143 | |
| Depreciation and amortization expense | 31 | 28 | 45 | 60 | 48 | |
| Intangible asset impairment charge | 0 | 7 | 0 | 2 | 33 | |
| Operating income | 23 | 47 | 35 | 180 | −65 | |
| Interest expense | 49 | 48 | 43 | 25 | 16 | |
| Interest income | 5 | 9 | 8 | 3 | 100,000 | |
| Other income | 100,000 | 0 | 0 | — | — | |
| Loss on extinguishment of debt | 0 | 0 | 2 | 0 | — | |
| Loss on disposal of fixed assets | 0 | 0 | 200,000 | 0 | 400,000 | |
| (Loss) income before income taxes | −22 | 8 | −3 | 158 | −81 | |
| Provision for income taxes | 9 | 5 | 5 | 27 | −1 | |
| Net (loss) income attributable to Emerald Holding, Inc. | −31 | 2 | −8 | — | — | |
| Accretion to redemption value of redeemable convertible preferred stock | 0 | −13 | −42 | −39 | −36 | |
| Net loss attributable to Emerald Holding, Inc. common stockholders | −31 | −11 | −50 | — | — | |
| Basic loss per share | −0.15 | −0.07 | −0.78 | 0.46 | −1.62 | |
| Diluted loss per share | −0.15 | −0.07 | −0.78 | 0.46 | −1.62 | |
| Basic weighted average common shares outstanding | 199 | 157 | 64 | 69 | 71 | |
| Diluted weighted average common shares outstanding | 199 | 157 | 64 | 69 | 71 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 101 | 195 | 204 | 239 | 231 | |
| Trade and other receivables, net of allowances of $3.9 million and $1.6 million, as of December 31, 2025 and 2024, respectively | 99 | 83 | 85 | 75 | 46 | |
| Prepaid expenses and other current assets | 35 | 30 | 22 | 18 | 13 | |
| Total current assets | 235 | 307 | 311 | 332 | 290 | |
| Intangible assets, net | 181 | 156 | 175 | 205 | 237 | |
| Goodwill, net | 784 | 574 | 554 | 546 | 514 | |
| Other noncurrent assets | 13 | 12 | 4 | 4 | 3 | |
| Total assets | 1,213 | 1,049 | 1,054 | 1,098 | 1,062 | |
| Accounts payable and other current liabilities | 44 | 41 | 47 | 58 | 48 | |
| Income tax payable | 2 | 0 | 200,000 | 1 | — | |
| Cancelled event liabilities | 1 | 1 | 600,000 | 3 | 10 | |
| Deferred revenues | 219 | 191 | 174 | 151 | 118 | |
| Contingent consideration | 12 | 700,000 | 200,000 | 4 | 5 | |
| Right-of-use lease liabilities, current portion | 5 | 4 | 4 | 5 | 5 | |
| Term loan, current portion | 5 | 4 | 4 | 0 | 6 | |
| Total current liabilities | 289 | 241 | 230 | 222 | 192 | |
| Term loan, net of discount and deferred financing fees | 499 | 399 | 399 | 414 | 511 | |
| Deferred tax liabilities, net | 18 | 5 | 3 | 2 | 2 | |
| Other noncurrent liabilities | 69 | 18 | 9 | 11 | 32 | |
| Total liabilities | 874 | 663 | 649 | 659 | 750 | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Common stock, $0.01 par value; authorized shares at December 31, 2025 and 2024: 800,000; 197,697 and 201,447 shares issued and outstanding at December 31, 2025 and 2024, respectively | 2 | 2 | 600,000 | 700,000 | 700,000 | |
| Additional paid-in capital | 1,016 | 1,034 | 559 | 610 | 653 | |
| Accumulated other comprehensive income | 1 | 0 | — | — | — | |
| Accumulated deficit | −681 | −650 | −652 | −644 | −775 | |
| Total stockholders' equity | 339 | 386 | −93 | −33 | −121 | |
| Total liabilities and stockholders' equity | 1,213 | 1,049 | 1,054 | 1,098 | 1,062 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net (loss) income | −31 | 2 | −8 | 131 | −80 | |
| Stock-based compensation | 11 | 6 | 8 | 6 | 10 | |
| Allowance for credit losses | 3 | 500,000 | 300,000 | 400,000 | 400,000 | |
| Loss on disposal of fixed assets and lease abandonment | 0 | 100,000 | 1 | — | — | |
| Non-cash operating lease expense | 3 | 2 | 3 | 3 | 3 | |
| Amortization of deferred financing fees and debt discount | 1 | 4 | 3 | 2 | 2 | |
| Deferred income taxes | 4 | 2 | 1 | 300,000 | −400,000 | |
| Remeasurement of contingent consideration | 46 | −1 | −2 | −33 | 2 | |
| Trade and other receivables | 6 | 5 | −9 | −25 | −16 | |
| Insurance receivables | 0 | −500,000 | 0 | — | 18 | |
| Prepaid expenses and other current assets | 6 | −5 | −2 | −5 | −4 | |
| Accounts payable and other current liabilities | −2 | −7 | −12 | 6 | 21 | |
| Cancelled event liabilities | −200,000 | 600,000 | −3 | −7 | −16 | |
| Contingent consideration | −200,000 | −200,000 | 0 | −2 | — | |
| Income tax payable | −400,000 | −3 | −3 | 1 | 200,000 | |
| Deferred revenues | −30 | 9 | 20 | 30 | 68 | |
| Operating lease liabilities | −4 | −3 | −4 | −5 | −2 | |
| Net cash provided by operating activities | 43 | 47 | 40 | 175 | 90 | |
| Acquisition of businesses, net of cash acquired | −195 | −16 | −10 | −38 | −125 | |
| Working capital adjustment receivable from seller | 0 | 1 | 0 | — | — | |
| Purchases of property and equipment | −1 | −1 | −600,000 | −2 | −2 | |
| Purchases of intangible assets | −7 | −9 | −11 | −9 | −5 | |
| Net cash used in investing activities | −203 | −25 | −21 | −48 | −132 | |
| Payment of contingent consideration for acquisition of businesses | −3 | 0 | −4 | −4 | — | |
| Repayment of principal on Previous Extended Term Loan Facility | −170 | −4 | −2 | — | — | |
| Original issuance discount | −2 | 0 | −13 | — | — | |
| Fees paid for debt issuance | −2 | 0 | −2 | −400,000 | — | |
| Repurchase of common stock | −18 | −14 | −17 | −10 | −12 | |
| Dividends on common stock | −12 | −6 | 0 | — | — | |
| Preferred stock cash dividend | 0 | −9 | −17 | — | — | |
| Proceeds from issuance of common stock under equity plans | 500,000 | 2 | 200,000 | 100,000 | 100,000 | |
| Net cash provided by (used in) financing activities | 67 | −31 | −54 | −119 | −22 | |
| Effect of foreign exchange rates on cash and cash equivalents | −400,000 | 0 | 0 | — | — | |
| Net decrease in cash and cash equivalents | −94 | −9 | −35 | 8 | −64 | |
| Cash paid for income taxes | 5 | 5 | 7 | 26 | 200,000 | |
| Cash paid for interest | 41 | 44 | 38 | 23 | 14 | |
| Contingent consideration related to acquisitions | 46 | −1 | −2 | 33 | — | |
| Unpaid capital expenditures | 400,000 | 300,000 | 0 | 0 | — | |
| Conversion of redeemable convertible preferred stock to common stock | 0 | 501 | 0 | 0 | — | |
| Second Amended and Restated Term Loan Facility | 240 | 0 | 0 | — | — | |
| Previous Extended Term Loan Facility | −240 | 0 | 176 | — | — | |
| Amended and Restated Term Loan Facility | 0 | 0 | −176 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Emerald Holding, Inc.'s CIK number?
Emerald Holding, Inc.'s SEC CIK number is 0001579214 (1579214). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Emerald Holding, Inc.'s SEC filings?
All of Emerald Holding, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Emerald Holding, Inc. last report earnings?
Emerald Holding, Inc. (EEX) most recently filed an earnings 8-K with the SEC on Mar 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-105002). This is Emerald Holding, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Emerald Holding, Inc.'s most recent earnings 8-K?
Emerald Holding, Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 13, 2026 under accession 0001193125-26-105002. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Emerald Holding, Inc.'s latest earnings 8-K →
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