Emerald Holding, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:53:02Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 41.40M | 45.50M | 39.70M | 173.30M | 88.50M | -38.00M |
| EBITDA | 53.50M | 75.10M | 79.70M | 239.30M | -17.10M | -622.00M |
| Working Capital | -53.40M | 65.60M | 80.80M | 109.60M | 98.40M | 236.70M |
| Net Debt | -92.40M | -185.30M | -191.30M | -223.80M | -213.20M | -277.60M |
| Operating Margin | 4.86% | 11.74% | 9.06% | 55.17% | -44.47% | -526.37% |
| Net Margin | -6.62% | 0.55% | -2.14% | 40.13% | -54.78% | -497.33% |
| Return on Equity (ROE) | -9.06% | 0.57% | 8.86% | -395.17% | 65.87% | 16673.68% |
| Return on Assets (ROA) | -2.53% | 0.21% | -0.78% | 11.91% | -7.50% | -60.09% |
| Current Ratio | 0.81× | 1.27× | 1.35× | 1.49× | 1.51× | 3.05× |
| Debt-to-Equity | 0.03× | 0.02× | -0.14× | -0.46× | -0.15× | -4.66× |
| Effective Tax Rate | -42.13% | 70.67% | -182.76% | 17.22% | 1.60% | 8.33% |
| Cash Conversion Ratio | -1.39× | 21.27× | -4.91× | 1.34× | -1.13× | 0.06× |
| Accruals Ratio | -0.06× | -0.04× | -0.05× | -0.04× | -0.16× | -0.57× |
| SBC % of Revenue | 2.44% | 1.45% | 2.04% | 1.78% | 7.15% | 5.26% |
| CapEx Coverage | 35.50× | 36.00× | 67.17× | 97.28× | 60.00× | -41.22× |
| Free Cash Flow Per Share | $0.21 | $0.29 | $0.62 | $2.51 | $1.24 | $-0.53 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | 7.70× | — | — |
| P/FCF | 21.46× | 16.59× | 9.63× | 1.41× | 3.20× | — |
| FCF Yield | 4.66% | 6.03% | 10.38% | 70.80% | 31.26% | — |
| EV / EBITDA | 14.79× | 10.46× | 2.32× | 0.06× | — | — |
| P/S | 1.91× | 2.43× | 0.98× | 0.73× | 1.91× | 3.07× |
| P/B | 2.61× | 2.52× | — | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 463.40M | 398.80M | 382.80M | 325.90M | 145.50M | 127.40M |
| Revenues | 463.40M | 398.80M | 382.80M | — | — | — |
| Selling, General and Administrative Expense | 241.20M | 170.40M | 168.30M | 145.00M | 143.00M | 118.60M |
| Operating Income (Loss) | 22.50M | 46.80M | 34.70M | 179.80M | -64.70M | -670.60M |
| Income Tax Expense (Benefit) | 9.10M | 5.30M | 5.30M | 27.20M | -1.30M | -57.60M |
| Net Income (Loss) Attributable to Parent | -30.70M | 2.20M | -8.20M | — | — | — |
| Earnings Per Share, Basic | $-0.15 | $-0.07 | $-0.78 | $0.46 | $-1.62 | $-9.09 |
| Weighted Average Number of Shares Outstanding, Basic | 198.73M | 156.59M | 63.96M | 69.00M | 71.31M | 71.43M |
| Earnings Per Share, Diluted | $-0.15 | $-0.07 | $-0.78 | $0.46 | $-1.62 | $-9.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 198.73M | 156.59M | 63.96M | 69.15M | 71.31M | 71.43M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 100.90M | 194.80M | 204.20M | 239.10M | 231.20M | 295.30M |
| Assets, Current | 235.30M | 306.90M | 310.90M | 331.80M | 290.10M | 352.30M |
| Assets | 1.21B | 1.05B | 1.05B | 1.10B | 1.06B | 1.05B |
| Liabilities, Current | 288.70M | 241.30M | 230.10M | 222.20M | 191.70M | 115.60M |
| Liabilities | 874.00M | 662.80M | 649.30M | 659.10M | 749.50M | 659.90M |
| Stockholders' Equity Attributable to Parent | 338.80M | 385.90M | -92.50M | -33.10M | -121.00M | -3.80M |
| Common Stock, Shares, Outstanding | 197.70M | 201.45M | 62.91M | 67.59M | 70.03M | 72.19M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 42.60M | 46.80M | 40.30M | 175.10M | 90.00M | -37.10M |
| Payments to Acquire Property, Plant, and Equipment | 1.20M | 1.30M | 600.00K | 1.80M | 1.50M | 900.00K |
| Net Cash Provided by (Used in) Investing Activities | -203.20M | -25.00M | -21.00M | -47.90M | -131.90M | -37.30M |
| Payments for Repurchase of Common Stock | 17.50M | 13.80M | 16.90M | 10.40M | 12.40M | 900.00K |
| Payments of Dividends | — | — | 0 | 0 | 0 | 5.40M |
| Net Cash Provided by (Used in) Financing Activities | 67.10M | -31.20M | -54.20M | -119.30M | -22.20M | 360.10M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 28.50M | 11.70M | 29.70M | 28.20M | 12.40M | 19.90M |
| EBITDA | 27.60M | -7.40M | 900.00K | 17.80M | 42.20M | 27.90M |
| Working Capital | -26.80M | -53.40M | -55.10M | 14.30M | 153.50M | 65.60M |
| Net Debt | -116.00M | -92.40M | -85.70M | -147.80M | -268.10M | -185.30M |
| Operating Margin | 12.55% | -11.83% | -10.06% | 9.67% | 24.24% | 19.48% |
| Net Margin | 4.63% | -22.76% | -18.58% | -1.33% | 10.36% | 4.78% |
| Return on Equity (ROE) | 2.13% | -8.91% | -3.90% | -0.36% | 3.90% | 1.32% |
| Return on Assets (ROA) | 0.58% | -2.49% | -1.18% | -0.12% | 1.29% | 0.49% |
| Current Ratio | 0.91× | 0.81× | 0.81× | 1.05× | 1.59× | 1.27× |
| Debt-to-Equity | 0.02× | 0.03× | 0.03× | 0.02× | 0.02× | 0.02× |
| Effective Tax Rate | 30.77% | -20.80% | 19.55% | 333.33% | 26.09% | 54.87% |
| Cash Conversion Ratio | 3.99× | -0.41× | -2.10× | -20.36× | 0.82× | 4.04× |
| Accruals Ratio | -0.02× | -0.04× | -0.04× | -0.02× | 0.00× | -0.01× |
| SBC % of Revenue | 1.87% | 2.11% | 3.74% | 2.84% | 1.76% | 1.03% |
| CapEx Coverage | 143.50× | 20.50× | 50.50× | 95.00× | 63.00× | 29.43× |
| Free Cash Flow Per Share | $0.14 | $0.06 | $0.15 | $0.14 | $0.06 | $0.13 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 127.25× | 80.83× | 98.25× | — |
| EV / EBITDA | 19.96× | 14.79× | 10.38× | 9.00× | 6.01× | 10.46× |
| P/S | 1.89× | 1.91× | 2.30× | 2.22× | 1.90× | 2.43× |
| P/B | 2.64× | 2.61× | 2.73× | 2.47× | 2.00× | 2.52× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 155.40M | 132.70M | 77.50M | 105.50M | 147.70M | 106.80M |
| Revenues | 155.40M | 132.70M | 77.50M | 105.50M | 147.70M | 106.80M |
| Selling, General and Administrative Expense | 71.90M | 88.70M | 51.30M | 47.10M | 54.10M | 34.60M |
| Operating Income (Loss) | 19.50M | -15.70M | -7.80M | 10.20M | 35.80M | 20.80M |
| Income Tax Expense (Benefit) | 3.20M | 5.20M | -3.50M | 2.00M | 5.40M | 6.20M |
| Net Income (Loss) Attributable to Parent | 7.20M | -30.20M | -14.40M | -1.40M | 15.30M | 5.10M |
| Earnings Per Share, Basic | $0.04 | $-0.15 | $-0.07 | $-0.01 | $0.08 | $0.04 |
| Weighted Average Number of Shares Outstanding, Basic | 197.81M | 198.73M | 197.95M | 198.65M | 200.60M | 156.59M |
| Earnings Per Share, Diluted | $0.04 | $-0.15 | $-0.07 | $-0.01 | $0.08 | $0.04 |
| Weighted Average Number of Shares Outstanding, Diluted | 199.49M | 198.73M | 197.95M | 198.65M | 200.84M | 156.59M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 121.10M | 100.90M | 95.40M | 156.40M | 276.80M | 194.80M |
| Assets, Current | 277.20M | 235.30M | 231.90M | 279.00M | 413.60M | 306.90M |
| Assets | 1.24B | 1.21B | 1.22B | 1.20B | 1.18B | 1.05B |
| Liabilities, Current | 304.00M | 288.70M | 287.00M | 264.70M | 260.10M | 241.30M |
| Liabilities | 905.20M | 874.00M | 847.80M | 812.70M | 790.90M | 662.80M |
| Stockholders' Equity Attributable to Parent | 338.40M | 338.80M | 369.50M | 389.40M | 392.10M | 385.90M |
| Common Stock, Shares, Outstanding | 197.91M | 197.70M | 197.96M | 197.98M | 199.60M | 201.45M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 28.70M | 12.30M | 30.30M | 28.50M | 12.60M | 20.60M |
| Payments to Acquire Property, Plant, and Equipment | 200.00K | 600.00K | 600.00K | 300.00K | 200.00K | 700.00K |
| Net Cash Provided by (Used in) Investing Activities | -1.80M | -2.10M | -201.10M | -148.10M | -21.40M | -2.20M |
| Payments for Repurchase of Common Stock | 0 | 1.30M | 16.20M | 15.70M | 8.80M | 8.40M |
| Net Cash Provided by (Used in) Financing Activities | -5.80M | -5.40M | 72.50M | 80.60M | 90.80M | -12.50M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (EEX CIK 0001579214),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.