10-Q quarterly report · filed Nov 3, 2025

GPGI, Inc. (GPGI) Q3 2025 10-Q Quarterly Report

Short answer

GPGI, Inc. (GPGI) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $0 (down 100.0% year over year) with net income of −$175M.

Q3 2025 key financials · XBRL

Revenue
$0
−100.0% YoY
Net income
−$175M
−422.6% YoY · −568.7% QoQ
EPS (diluted)
−$1.65
−54.2% YoY · −1275.0% QoQ

Source: XBRL data from the GPGI, Inc. (GPGI) Q3 2025 10-Q on SEC EDGAR. USD.

GPGI, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Increased regulatory uncertainty on digital assets in U.S. post-FTX bankruptcy, may impose compliance costs and restrict Arculus Cold Storage Wallet use
  • Updated risk: Customer concentration with JPMorgan Chase and American Express at 63% net sales in 2024 vs 71% in 2023, increasing business dependence
  • Legal risk: Reliance on exemptions during one-year NYSE governance transition post-Tungsten Transaction, potential governance compliance challenges
  • Operational risk: Disruptions at primary production facility risk impairing manufacturing capacity, risking delays and customer loss
  • Financial risk: Variable rate debt tied to Secured Overnight Financing Rate (SOFR), potential borrowing cost volatility and reduced operating flexibility

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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