What is Emerald's operating income?

Emerald's total operating income in 2025 was $22.50 million, based on the following breakdown: Total Gross Profit: $294.70 million Total Operating Expenses: $272.20 million

Emerald (EEX) Financials

$5.01 +0.03 (+0.50%)

Closing price 06/9/2026 03:58 PM Eastern

Extended Trading

$5.02 +0.00 (+0.10%)

As of 06/9/2026 04:10 PM Eastern

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Annual Income Statements for Emerald

This table shows Emerald's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	20	22	82	-25	-50	-649	-115	92	-50	-11	-31
Consolidated Net Income / (Loss)	20	22	82	-25	-50	-634	-80	131	-8.20	2.20	-31
Net Income / (Loss) Continuing Operations	20	22	82	-25	-50	-634	-80	131	-8.00	2.20	-31
Total Pre-Tax Income	30	36	47	-33	-55	-691	-81	158	-2.90	7.50	-22
Total Operating Income	82	100	88	-4.30	-25	-671	-65	180	35	47	23
Total Gross Profit	223	239	247	269	241	70	88	209	245	251	295
Total Revenue	306	324	342	381	361	127	146	326	383	399	463
Operating Revenue	306	324	342	381	361	127	146	326	383	399	463
Total Cost of Revenue	83	84	95	112	120	58	57	117	138	148	169
Operating Cost of Revenue	83	84	95	112	120	58	57	117	138	148	169
Total Operating Expenses	141	139	159	273	265	740	154	30	211	205	272
Selling, General & Admin Expense	93	99	122	122	133	119	143	145	168	170	241
Depreciation Expense	39	40	43	47	52	49	48	60	45	28	31
Other Operating Expenses / (Income)	0.00	-	-6.50	0.00	-6.10	-107	-77	-183	-2.80	-1.50	0.00
Impairment Charge	8.90	0.00	0.00	104	86	680	40	7.90	0.00	7.30	0.00
Other Special Charges / (Income)	-	-	-	-	0.00	0.00	0.40	0.00	0.20	0.00	0.00
Total Other Income / (Expense), net	-52	-64	-41	-29	-30	-21	-16	-22	-37	-39	-44
Interest Expense	52	64	41	29	30	21	16	25	46	48	49
Interest & Investment Income	-	-	-	-	-	0.10	0.10	2.70	8.20	8.50	4.60
Other Income / (Expense), net	-	-	-	-	-	-0.10	-0.10	0.00	0.00	0.00	0.10
Income Tax Expense	10	14	-35	-8.30	-5.00	-58	-1.30	27	5.30	5.30	9.10
Preferred Stock Dividends Declared	-	-	-	0.00	0.00	16	36	39	42	13	0.00
Basic Earnings per Share	$0.32	$0.36	$1.19	($0.34)	($0.70)	($9.09)	($1.62)	$0.46	($0.78)	($0.07)	($0.15)
Weighted Average Basic Shares Outstanding	61.85M	61.86M	68.91M	72.89M	71.72M	71.43M	71.31M	69.00M	63.96M	156.59M	198.73M
Diluted Earnings per Share	$0.31	$0.35	$1.13	($0.34)	($0.70)	($9.09)	($1.62)	$0.46	($0.78)	($0.07)	($0.15)
Weighted Average Diluted Shares Outstanding	62.52M	63.29M	72.12M	72.89M	71.72M	71.43M	71.31M	69.15M	63.96M	156.59M	198.73M
Weighted Average Basic & Diluted Shares Outstanding	-	-	68.70M	73.80M	71.38M	72.37M	70.35M	67.88M	63.03M	200.05M	197.91M

This table shows Emerald's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.00	-29	0.30	-4.80	-11	5.10	0.00	-1.40	-14	-30	0.00
Consolidated Net Income / (Loss)	11	-18	11	-2.80	-11	5.10	15	-1.40	-14	-30	7.20
Net Income / (Loss) Continuing Operations	11	-18	11	-2.80	-11	5.10	15	-1.40	-14	-30	7.20
Total Pre-Tax Income	-12	11	15	-3.50	-15	11	21	0.60	-18	-25	10
Total Operating Income	-1.00	20	24	6.40	-4.70	21	36	10	-7.80	-16	20
Total Gross Profit	73	-36	86	53	50	154	96	65	52	30	100
Total Revenue	73	102	133	86	73	107	148	106	78	133	155
Operating Revenue	73	102	133	86	73	107	148	106	78	133	155
Total Cost of Revenue	0.00	138	48	33	23	-48	51	41	25	103	56
Operating Cost of Revenue	-	-	48	33	23	-	51	41	25	-	56
Total Operating Expenses	74	-56	62	47	54	134	61	55	60	46	80
Selling, General & Admin Expense	42	36	56	40	41	35	54	47	51	89	72
Depreciation Expense	8.80	9.80	7.10	7.00	7.10	7.10	6.40	7.60	8.70	8.30	8.10
Other Operating Expenses / (Income)	23	-102	-1.00	0.00	0.00	91	0.00	0.00	0.00	-51	0.00
Impairment Charge	0.00	-	0.00	0.00	6.30	-	0.00	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-11	-8.30	-9.80	-9.90	-10	-9.50	-15	-9.60	-10	-9.30	-9.10
Interest Expense	12	12	12	12	12	11	17	11	11	9.80	9.40
Interest & Investment Income	1.60	3.20	2.30	2.10	2.20	1.90	2.30	1.30	0.60	0.40	0.30
Other Income / (Expense), net	-0.10	0.30	0.00	0.00	0.00	-	0.00	0.00	0.00	0.10	0.00
Income Tax Expense	-22	29	3.50	-0.70	-3.70	6.20	5.40	2.00	-3.50	5.20	3.20
Preferred Stock Dividends Declared	11	11	11	2.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01	$0.08	($0.01)	($0.07)	($0.15)	$0.04
Weighted Average Basic Shares Outstanding	63.59M	63.96M	63.04M	155.92M	203.89M	156.59M	200.60M	198.65M	197.95M	198.73M	197.81M
Diluted Earnings per Share	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01	$0.08	($0.01)	($0.07)	($0.15)	$0.04
Weighted Average Diluted Shares Outstanding	63.59M	63.96M	65.21M	155.92M	203.89M	156.59M	200.84M	198.65M	197.95M	198.73M	199.49M
Weighted Average Basic & Diluted Shares Outstanding	62.89M	63.03M	203.84M	203.93M	202.98M	200.05M	198.86M	197.97M	197.81M	197.91M	197.91M

This table details how cash moves in and out of Emerald's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-26	-1.40	-4.00	9.60	-11	286	-64	7.90	-35	-9.40	-94
Net Cash From Operating Activities	88	93	111	104	68	-37	90	175	40	47	43
Net Cash From Continuing Operating Activities	88	93	111	104	68	-37	90	175	40	47	43
Net Income / (Loss) Continuing Operations	20	22	82	-25	-50	-634	-80	131	-8.20	2.20	-31
Consolidated Net Income / (Loss)	20	22	82	-25	-50	-634	-80	131	-8.20	2.20	-31
Depreciation Expense	39	40	43	47	52	49	48	60	45	28	31
Amortization Expense	4.70	5.20	4.60	1.70	1.40	1.50	1.50	1.70	3.00	4.30	1.40
Non-Cash Adjustments To Reconcile Net Income	14	7.60	6.40	111	98	692	57	-13	12	15	63
Changes in Operating Assets and Liabilities, net	10	18	-25	-31	-33	-146	64	-4.10	-11	-2.90	-22
Net Cash From Investing Activities	-87	-52	-96	-75	-17	-37	-132	-48	-21	-25	-203
Net Cash From Continuing Investing Activities	-87	-52	-96	-75	-17	-37	-132	-48	-21	-25	-203
Purchase of Property, Plant & Equipment	-1.00	-2.40	-0.90	-0.80	-1.60	-0.90	-1.50	-1.80	-0.60	-1.30	-1.20
Acquisitions	-86	-50	-95	-74	-15	-36	-130	-46	-20	-25	-202
Other Investing Activities, net	-	-	-	0.00	0.00	-	-	0.00	0.00	1.00	0.00
Net Cash From Financing Activities	-26	-43	-19	-20	-62	360	-22	-119	-54	-31	67
Net Cash From Continuing Financing Activities	-26	-43	-19	-20	-62	360	-22	-119	-54	-31	67
Repayment of Debt	-38	-246	-212	-36	-52	-111	-5.70	-105	-244	-4.20	-174
Repurchase of Common Equity	0.00	0.00	-6.40	-19	-8.30	-0.90	-12	-10	-17	-14	-18
Payment of Dividends	0.00	0.00	-15	-21	-21	-5.40	0.00	0.00	-17	-15	-12
Issuance of Debt	12	208	56	50	16	95	0.00	0.00	239	0.00	275
Issuance of Common Equity	0.00	0.10	166	6.50	4.30	0.20	0.10	0.10	0.20	1.50	0.50
Other Financing Activities, net	0.00	-4.60	-7.30	0.00	-1.00	-0.80	-4.20	-4.40	-16	0.00	-5.20
Cash Interest Paid	50	46	35	29	29	19	14	23	38	44	41
Cash Income Taxes Paid	1.20	3.70	3.90	15	12	1.10	0.20	26	6.90	4.60	5.00

This table details how cash moves in and out of Emerald's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-4.40	3.90	-17	6.40	-4.30	5.90	82	-120	-61	5.50	20
Net Cash From Operating Activities	8.50	16	7.30	9.80	9.10	21	13	16	1.80	12	29
Net Cash From Continuing Operating Activities	8.50	16	7.30	9.80	9.10	21	13	16	1.80	12	29
Net Income / (Loss) Continuing Operations	11	-18	11	-2.80	-11	5.10	15	-1.40	-14	-30	7.20
Consolidated Net Income / (Loss)	11	-18	11	-2.80	-11	5.10	15	-1.40	-14	-30	7.20
Depreciation Expense	8.80	9.80	7.10	7.00	7.10	7.10	6.40	7.60	8.70	8.30	8.10
Amortization Expense	1.00	1.10	1.10	1.10	1.10	1.00	0.70	0.30	0.20	0.20	0.30
Non-Cash Adjustments To Reconcile Net Income	0.90	3.60	4.80	-0.10	7.90	2.30	6.60	4.70	9.50	42	22
Changes in Operating Assets and Liabilities, net	-13	19	-17	4.60	4.10	5.10	-16	4.70	-2.20	-7.90	-8.90
Net Cash From Investing Activities	-3.00	-2.10	-14	-2.80	-5.90	-2.20	-21	-127	-53	-2.10	-1.80
Net Cash From Continuing Investing Activities	-3.00	-2.10	-14	-2.80	-5.90	-2.20	-21	-127	-53	-2.10	-1.80
Purchase of Property, Plant & Equipment	-	-0.10	-0.30	-0.20	-0.10	-0.70	-0.20	-0.10	-0.30	-0.60	-0.20
Acquisitions	-3.00	-2.00	-14	-3.60	-5.80	-1.50	-21	-127	-53	-1.50	-1.60
Other Investing Activities, net	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Net Cash From Financing Activities	-9.90	-9.60	-11	-0.60	-7.50	-13	91	-10	-8.10	-5.40	-5.80
Net Cash From Continuing Financing Activities	-9.90	-9.60	-11	-0.60	-7.50	-13	91	-10	-8.10	-5.40	-5.80
Repayment of Debt	-1.40	-1.10	-1.10	-1.00	-1.00	-1.10	-171	-0.40	-1.30	-1.30	-1.30
Repurchase of Common Equity	-	-	-1.80	-	-3.60	-8.40	-8.80	-6.90	-0.50	-1.30	0.00
Payment of Dividends	-8.60	-8.60	-8.60	-	-3.10	-3.00	-3.00	-3.00	-3.00	-2.90	0.00
Issuance of Debt	-	-	0.00	-	-	-	275	-	-	-	0.00
Issuance of Common Equity	0.10	0.10	0.90	0.40	0.20	-	0.10	0.10	0.20	0.10	0.00
Other Financing Activities, net	-	-	0.00	-	-	-	-1.70	-	-3.50	-	-4.50

This table presents Emerald's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,573	1,638	1,580	1,472	1,054	1,062	1,098	1,054	1,049	1,213
Total Current Assets	96	94	103	94	352	290	332	311	307	235
Cash & Equivalents	15	11	21	9.60	295	231	239	204	195	101
Accounts Receivable	58	63	63	60	31	46	75	85	83	99
Prepaid Expenses	23	20	20	24	8.50	13	18	22	30	35
Plant, Property, & Equipment, net	3.80	3.80	3.70	4.20	3.90	3.70	2.20	1.50	0.00	0.00
Total Noncurrent Assets	1,473	1,541	1,473	1,374	698	769	764	742	742	978
Goodwill	930	994	1,037	980	404	514	546	554	574	784
Intangible Assets	541	545	435	374	275	237	205	175	156	181
Other Noncurrent Operating Assets	1.70	1.90	1.50	20	19	18	14	13	12	13
Total Liabilities & Shareholders' Equity	1,573	1,638	1,580	1,472	1,054	1,062	1,098	1,054	1,049	1,213
Total Liabilities	1,045	877	872	832	660	750	659	649	663	874
Total Current Liabilities	209	223	269	229	116	192	222	230	241	289
Short-Term Debt	8.80	5.70	46	16	5.70	5.70	0.00	4.20	4.20	5.20
Accounts Payable	28	25	31	22	31	48	58	47	41	44
Current Deferred Revenue	172	193	192	187	49	118	151	174	191	219
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.00	1.20	0.20	0.00	2.10
Other Current Liabilities	-	-	-	4.10	30	20	12	4.80	5.90	19
Total Noncurrent Liabilities	836	653	603	602	544	558	437	419	422	585
Long-Term Debt	693	549	524	520	515	511	414	399	399	499
Noncurrent Deferred & Payable Income Tax Liabilities	140	100	75	60	1.90	1.50	1.80	3.10	4.90	18
Other Noncurrent Operating Liabilities	2.80	4.70	3.50	23	27	45	21	17	18	69
Commitments & Contingencies	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	528	761	708	640	-3.80	-121	-33	-93	386	339
Total Preferred & Common Equity	528	761	708	640	-3.80	-121	-33	-93	386	339
Total Common Equity	528	761	708	640	-3.80	-121	-33	-93	386	339
Common Stock	511	678	690	702	691	654	611	560	1,036	1,018
Retained Earnings	17	83	18	-62	-695	-775	-644	-652	-650	-681
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	0.00	1.20

This table presents Emerald's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,251	1,101	1,073	1,081	1,080	1,063	1,060	1,183	1,202	1,217	1,244
Total Current Assets	468	333	315	328	326	311	312	414	279	232	277
Cash & Equivalents	366	217	205	200	187	193	189	277	156	95	121
Accounts Receivable	83	105	92	79	123	94	86	122	102	95	130
Prepaid Expenses	19	11	18	49	17	24	37	15	21	41	26
Plant, Property, & Equipment, net	4.00	2.00	1.90	1.70	1.60	1.50	1.70	1.70	1.70	2.00	0.00
Total Noncurrent Assets	779	766	757	751	752	750	746	768	921	983	966
Goodwill	546	554	554	554	566	568	573	602	727	781	780
Intangible Assets	217	198	188	183	175	171	162	156	185	191	175
Other Noncurrent Operating Assets	17	13	15	14	12	11	10	10	10	11	11
Total Liabilities & Shareholders' Equity	1,251	1,101	1,073	1,081	1,080	1,063	1,060	1,183	1,202	1,217	1,244
Total Liabilities	835	669	648	652	672	655	669	791	813	848	905
Total Current Liabilities	303	230	226	232	247	233	247	260	265	287	304
Short-Term Debt	5.70	-	4.20	4.20	4.20	4.20	4.20	3.90	5.20	5.20	5.20
Accounts Payable	65	55	50	46	61	48	46	61	50	44	54
Current Deferred Revenue	167	162	162	176	175	176	190	185	200	229	224
Current Deferred & Payable Income Tax Liabilities	28	2.30	1.10	0.00	1.90	0.00	0.00	1.90	1.70	1.10	3.50
Other Current Liabilities	38	11	7.60	5.30	4.90	5.10	5.80	8.10	8.30	7.80	18
Total Noncurrent Liabilities	531	439	422	420	425	422	422	531	548	561	601
Long-Term Debt	508	414	399	399	399	399	399	503	502	500	498
Noncurrent Deferred & Payable Income Tax Liabilities	2.00	2.80	2.60	2.40	5.50	5.70	5.70	5.40	13	16	18
Other Noncurrent Operating Liabilities	22	22	21	19	20	18	18	23	34	45	86
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-46	-51	-68	-66	-91	408	391	392	389	370	338
Total Preferred & Common Equity	-46	-51	-68	-66	-91	408	391	392	389	370	338
Total Common Equity	-46	-51	-68	-66	-91	408	391	392	389	370	338
Common Stock	620	586	578	569	551	1,052	1,046	1,027	1,020	1,020	1,014
Retained Earnings	-667	-637	-645	-634	-641	-644	-655	-635	-636	-651	-674
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	5.50	0.40	-1.90

This table displays calculated financial ratios and metrics derived from Emerald's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	197,807,355.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	197,807,355.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	54	62	154	-3.01	-17	-469	-45	149	24	14	16
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	39.09%	7.83%	1.74%	1.87%
Earnings before Interest and Taxes (EBIT)	82	100	88	-4.30	-25	-671	-65	180	35	47	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	126	146	136	44	29	-621	-16	241	83	79	55
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,153	64	44	74	76	-23	133	35	23	-132
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,215	1,305	1,258	1,166	620	598	614	603	594	742
Increase / (Decrease) in Invested Capital	0.00	1,215	90	-47	-92	-546	-22	16	-11	-9.50	148
Book Value per Share	$0.00	$8.53	$10.54	$9.68	$8.96	($0.05)	($1.73)	($0.49)	($1.47)	$1.90	$1.71
Tangible Book Value per Share	$0.00	($15.26)	($10.77)	($10.43)	($10.00)	($9.56)	($12.43)	($11.59)	($13.06)	($1.69)	($3.17)
Total Capital	0.00	1,230	1,315	1,278	1,176	916	830	853	808	789	843
Total Debt	0.00	702	554	570	535	521	517	414	403	403	504
Total Long-Term Debt	0.00	693	549	524	520	515	511	414	399	399	499
Net Debt	0.00	687	543	549	526	226	285	175	199	208	403
Capital Expenditures (CapEx)	1.00	2.40	0.90	0.80	1.60	0.90	1.50	1.80	0.60	1.30	1.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-119	-135	-140	-130	-53	-127	-130	-119	-125	-149
Debt-free Net Working Capital (DFNWC)	0.00	-104	-124	-120	-120	242	104	110	85	70	-48
Net Working Capital (NWC)	0.00	-113	-130	-166	-136	237	98	110	81	66	-53
Net Nonoperating Expense (NNE)	34	39	72	22	33	164	34	18	32	12	46
Net Nonoperating Obligations (NNO)	0.00	687	543	549	526	226	285	175	199	208	403
Total Depreciation and Amortization (D&A)	44	45	48	49	53	50	49	61	48	33	32
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.32	$0.36	$1.19	($0.34)	($0.70)	$0.00	($1.59)	$0.46	($0.78)	($0.07)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	61.85M	61.86M	68.91M	72.89M	71.72M	0.00	71.31M	69.00M	63.96M	156.59M	198.73M
Adjusted Diluted Earnings per Share	$0.31	$0.35	$1.13	($0.34)	($0.70)	$0.00	($1.59)	$0.46	($0.78)	($0.07)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	62.52M	63.29M	72.12M	72.89M	71.72M	0.00	71.31M	69.15M	63.96M	156.59M	198.73M
Adjusted Basic & Diluted Earnings per Share	$0.32	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	72.78M	71.84M	71.38M	0.00	70.35M	67.88M	63.03M	200.05M	197.91M
Normalized Net Operating Profit after Tax (NOPAT)	60	62	62	70	43	6.72	-17	155	24	38	16
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Emerald's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	197,807,355.00	197,908,778.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	197,807,355.00	197,908,778.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.15	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.19%	8.44%	9.08%	-0.58%	0.14%	5.22%	10.72%	22.67%	6.75%	-	5.21%
EBITDA Growth	-93.89%	-29.00%	6.21%	17.89%	-59.77%	-7.07%	32.00%	24.83%	-68.57%	-	-34.97%
EBIT Growth	-100.86%	-24.06%	45.51%	681.82%	-327.27%	2.97%	47.33%	59.38%	-65.96%	-	-45.53%
NOPAT Growth	-100.72%	-201.59%	51.46%	740.00%	-370.00%	130.04%	43.54%	-631.25%	-65.96%	-	-48.98%
Net Income Growth	-88.49%	-179.02%	54.93%	65.43%	-203.74%	128.81%	39.09%	50.00%	-29.73%	-	-52.94%
EPS Growth	-100.00%	-381.25%	100.00%	89.66%	0.00%	102.22%	0.00%	66.67%	-40.00%	-	-50.00%
Operating Cash Flow Growth	-94.46%	166.10%	-17.98%	34.25%	7.06%	32.05%	72.60%	62.24%	-80.22%	-	127.78%
Free Cash Flow Firm Growth	-199.60%	-236.71%	271.43%	622.86%	134.17%	192.38%	30.56%	-1,433.33%	-860.53%	-	-390.11%
Invested Capital Growth	12.14%	-1.76%	-0.62%	-1.04%	-4.26%	-1.57%	-0.43%	19.86%	28.78%	-	15.77%
Revenue Q/Q Growth	-16.19%	40.00%	31.43%	-35.53%	-15.58%	47.11%	38.30%	-28.57%	-26.54%	-	17.11%
EBITDA Q/Q Growth	-29.27%	257.47%	4.50%	-55.38%	-75.86%	725.71%	48.44%	-57.81%	-93.92%	-	492.96%
EBIT Q/Q Growth	0.00%	1,936.36%	20.30%	-73.66%	-173.44%	542.55%	72.12%	-71.51%	-176.47%	-	225.00%
NOPAT Q/Q Growth	0.00%	-4,363.78%	159.00%	-75.70%	-173.44%	385.34%	181.87%	-189.94%	77.06%	-	222.84%
Net Income Q/Q Growth	232.10%	-265.42%	161.45%	-125.45%	-296.43%	145.95%	200.00%	-109.15%	-928.57%	-	123.84%
EPS Q/Q Growth	100.00%	0.00%	100.00%	0.00%	-66.67%	120.00%	700.00%	-112.50%	-600.00%	-	126.67%
Operating Cash Flow Q/Q Growth	16.44%	83.53%	-53.21%	34.25%	-7.14%	126.37%	-38.84%	26.19%	-88.68%	-	133.33%
Free Cash Flow Firm Q/Q Growth	-3,190.48%	70.41%	209.23%	-50.84%	115.03%	-20.00%	54.39%	-602.04%	-22.65%	-	46.76%
Invested Capital Q/Q Growth	1.31%	-4.53%	3.53%	-1.18%	-1.98%	-1.85%	4.73%	18.96%	5.31%	-	-2.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	-35.57%	64.39%	100.00%	100.00%	144.48%	100.00%	61.52%	67.35%	-	64.03%
EBITDA Margin	12.00%	30.64%	24.36%	16.86%	4.82%	27.06%	29.05%	17.16%	1.42%	-	17.95%
Operating Margin	-1.38%	19.61%	18.22%	7.44%	-6.47%	19.48%	24.24%	9.67%	-10.06%	-	12.55%
EBIT Margin	-1.52%	19.90%	18.22%	7.44%	-6.47%	19.48%	24.24%	9.67%	-10.06%	-	12.55%
Profit (Net Income) Margin	14.76%	-17.44%	8.25%	-3.26%	-15.29%	4.78%	10.36%	-1.33%	-18.58%	-	4.63%
Tax Burden Percent	-92.24%	-155.26%	75.86%	80.00%	75.00%	45.13%	73.91%	-233.33%	80.45%	-	69.23%
Interest Burden Percent	1,054.55%	56.44%	59.67%	-54.69%	314.89%	54.33%	57.82%	5.88%	229.49%	-	53.33%
Effective Tax Rate	0.00%	257.02%	24.14%	0.00%	0.00%	54.87%	26.09%	333.33%	0.00%	-	30.77%
Return on Invested Capital (ROIC)	-0.61%	-19.36%	8.69%	3.30%	-2.88%	5.86%	11.87%	-14.38%	-4.45%	-	6.10%
ROIC Less NNEP Spread (ROIC-NNEP)	5.91%	-12.11%	5.09%	-0.27%	-6.63%	3.75%	6.87%	-6.38%	-7.32%	-	4.04%
Return on Net Nonoperating Assets (RNNOA)	2.45%	-5.36%	2.50%	-0.13%	-3.37%	1.93%	3.83%	-4.49%	-6.00%	-	3.38%
Return on Equity (ROE)	1.84%	-24.72%	11.19%	3.17%	-6.25%	7.78%	15.70%	-18.87%	-10.46%	-	9.48%
Cash Return on Invested Capital (CROIC)	32.92%	5.76%	-15.47%	1.79%	-15.96%	3.88%	4.87%	-14.01%	-22.49%	-	-13.97%
Operating Return on Assets (OROA)	-0.49%	7.08%	6.58%	2.74%	-2.38%	7.39%	8.85%	3.69%	-3.87%	-	4.87%
Return on Assets (ROA)	4.75%	-6.20%	2.98%	-1.20%	-5.62%	1.81%	3.78%	-0.51%	-7.14%	-	1.80%
Return on Common Equity (ROCE)	-0.24%	3.68%	-1.89%	1.30%	-2.48%	2.89%	5.91%	-18.87%	-10.46%	-	9.48%
Return on Equity Simple (ROE_SIMPLE)	-48.86%	0.00%	4.74%	0.25%	-5.32%	0.00%	1.66%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-0.70	-31	18	4.48	-3.29	9.39	26	-24	-5.46	-11	14
NOPAT Margin	-0.97%	-30.78%	13.82%	5.21%	-4.53%	8.79%	17.92%	-22.56%	-7.05%	-	8.69%
Net Nonoperating Expense Percent (NNEP)	-6.52%	-7.25%	3.60%	3.57%	3.75%	2.11%	5.01%	-8.00%	2.87%	-	2.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-10.07%	-	-	-	1.19%	2.94%	-2.66%	-0.62%	-1.30%	1.61%
Cost of Revenue to Revenue	0.00%	135.57%	35.61%	0.00%	0.00%	-44.48%	0.00%	38.48%	32.65%	-	35.97%
SG&A Expenses to Revenue	57.38%	35.57%	41.60%	45.93%	56.20%	32.40%	36.63%	44.64%	66.19%	-	46.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	101.38%	-54.98%	46.18%	92.56%	106.47%	125.00%	75.76%	51.85%	77.42%	-	51.48%
Earnings before Interest and Taxes (EBIT)	-1.10	20	24	6.40	-4.70	21	36	10	-7.80	-16	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.70	31	33	15	3.50	29	43	18	1.10	-7.10	28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.84	2.60	2.53	2.01	2.48	2.73	-	2.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Price to Revenue (P/Rev)	0.76	0.97	1.09	2.94	2.59	2.44	1.90	2.23	2.30	-	1.89
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	174.71	122.08	219.06	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.30%	0.62%	1.15%	1.24%	1.18%	-	1.33%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.57%	0.82%	0.46%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.55	1.77	1.83	2.21	2.04	1.99	1.63	1.78	1.82	-	1.77
Enterprise Value to Revenue (EV/Rev)	2.62	2.79	2.90	3.47	3.13	2.97	2.46	3.04	3.24	-	2.70
Enterprise Value to EBITDA (EV/EBITDA)	10.28	12.92	13.51	15.74	15.09	14.89	11.31	14.08	15.57	-	31.85
Enterprise Value to EBIT (EV/EBIT)	23.87	30.78	27.03	27.43	26.66	25.27	17.43	21.17	24.02	-	202.25
Enterprise Value to NOPAT (EV/NOPAT)	3.70	43.98	0.00	297.45	0.00	86.14	36.73	47.71	76.77	-	293.59
Enterprise Value to Operating Cash Flow (EV/OCF)	891.80	26.51	29.54	33.16	29.46	25.27	19.50	22.59	27.84	-	21.71
Enterprise Value to Free Cash Flow (EV/FCFF)	4.99	30.44	0.00	123.15	0.00	50.91	33.46	0.00	0.00	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.94	1.00	0.99	0.99	1.03	1.04	1.29	1.30	1.37	-	1.49
Long-Term Debt to Equity	0.93	0.99	0.98	0.98	1.02	1.03	1.28	1.29	1.35	-	1.47
Financial Leverage	0.41	0.44	0.49	0.49	0.51	0.51	0.56	0.70	0.82	-	0.84
Leverage Ratio	2.76	2.55	2.60	2.56	2.61	2.66	2.83	2.84	2.99	-	3.32
Compound Leverage Factor	29.08	1.44	1.55	-1.40	8.22	1.45	1.63	0.17	6.87	-	1.77
Debt to Total Capital	48.43%	49.89%	49.65%	49.70%	50.74%	51.07%	56.37%	56.55%	57.75%	-	59.77%
Short-Term Debt to Total Capital	0.50%	0.52%	0.52%	0.52%	0.53%	0.53%	0.43%	0.58%	0.59%	-	0.62%
Long-Term Debt to Total Capital	47.92%	49.37%	49.14%	49.19%	50.21%	50.53%	55.94%	55.97%	57.15%	-	59.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	59.47%	61.56%	61.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	-7.89%	-11.46%	-11.18%	50.30%	49.26%	48.93%	43.63%	43.45%	42.25%	-	40.23%
Debt to EBITDA	4.22	4.87	4.76	4.64	4.94	5.07	5.64	5.43	5.55	-	12.57
Net Debt to EBITDA	2.12	2.40	2.55	2.41	2.62	2.62	2.56	3.75	4.50	-	9.54
Long-Term Debt to EBITDA	4.18	4.82	4.71	4.59	4.88	5.02	5.60	5.37	5.49	-	12.44
Debt to NOPAT	1.52	16.59	-4.00	87.71	-3.21	29.33	18.31	18.39	27.35	-	115.83
Net Debt to NOPAT	0.76	8.18	-2.14	45.64	-1.70	15.14	8.31	12.71	22.19	-	87.93
Long-Term Debt to NOPAT	1.50	16.41	-3.95	86.79	-3.17	29.03	18.17	18.20	27.07	-	114.63
Altman Z-Score	-0.11	0.00	0.08	0.69	0.48	0.54	0.45	0.37	0.25	-	0.24
Noncontrolling Interest Sharing Ratio	113.22%	114.88%	116.86%	59.17%	60.33%	62.88%	62.35%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.35	1.32	1.34	1.27	1.27	1.59	1.05	0.81	-	0.91
Quick Ratio	1.20	1.26	1.25	1.23	1.12	1.15	1.53	0.98	0.66	-	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-69	-20	22	11	24	19	29	-146	-180	-159	-85
Operating Cash Flow to CapEx	0.00%	15,600.00%	2,433.33%	4,900.00%	9,100.00%	2,942.86%	6,300.00%	15,900.00%	600.00%	-	14,350.00%
Free Cash Flow to Firm to Interest Expense	-5.71	-1.73	1.85	0.92	1.92	1.66	1.68	-13.43	-16.78	-	-9.00
Operating Cash Flow to Interest Expense	0.70	1.32	0.60	0.82	0.74	1.81	0.72	1.46	0.17	-	3.05
Operating Cash Flow Less CapEx to Interest Expense	0.70	1.31	0.58	0.80	0.73	1.75	0.71	1.45	0.14	-	3.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.36	0.36	0.37	0.37	0.38	0.37	0.38	0.38	-	0.39
Accounts Receivable Turnover	4.65	4.78	3.46	4.23	4.77	4.76	3.38	4.42	4.82	-	3.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	131.54	206.92	218.83	231.41	231.47	241.70	250.36	270.38	236.49	-	0.00
Accounts Payable Turnover	1.07	2.63	3.20	3.76	4.00	0.00	0.00	0.00	0.00	-	3.03
Days Sales Outstanding (DSO)	78.57	76.33	105.59	86.33	76.52	76.74	108.15	82.64	75.79	-	97.51
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	340.50	138.86	114.17	97.12	91.20	0.00	0.00	0.00	0.00	-	120.65
Cash Conversion Cycle (CCC)	-261.93	-62.54	-8.58	-10.78	-14.68	76.74	108.15	82.64	75.79	-	-23.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	632	603	625	617	605	594	622	740	779	742	720
Invested Capital Turnover	0.63	0.63	0.63	0.63	0.64	0.67	0.66	0.64	0.63	-	0.70
Increase / (Decrease) in Invested Capital	68	-11	-3.90	-6.50	-27	-9.50	-2.70	123	174	148	98
Enterprise Value (EV)	981	1,068	1,143	1,366	1,231	1,183	1,016	1,315	1,417	-	1,274
Market Capitalization	283	372	428	1,156	1,018	975	786	964	1,008	-	893
Book Value per Share	($1.04)	($1.47)	($1.44)	$2.00	$1.92	$1.90	$1.96	$1.96	$1.87	$1.71	$1.71
Tangible Book Value per Share	($12.76)	($13.06)	($13.19)	($1.63)	($1.69)	($1.69)	($1.83)	($2.62)	($3.04)	($3.17)	($3.12)
Total Capital	832	808	811	810	794	789	899	896	875	843	841
Total Debt	403	403	403	403	403	403	507	507	505	504	503
Total Long-Term Debt	399	399	399	399	399	399	503	502	500	499	498
Net Debt	203	199	216	210	214	208	230	350	410	403	382
Capital Expenditures (CapEx)	0.00	0.10	0.30	0.20	0.10	0.70	0.20	0.10	0.30	0.60	0.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-99	-119	-104	-111	-119	-125	-119	-137	-145	-149	-143
Debt-free Net Working Capital (DFNWC)	101	85	83	82	70	70	157	20	-50	-48	-22
Net Working Capital (NWC)	97	81	79	78	66	66	154	14	-55	-53	-27
Net Nonoperating Expense (NNE)	-11	-14	7.43	7.28	7.81	4.29	11	-22	8.94	19	6.30
Net Nonoperating Obligations (NNO)	203	199	216	210	214	208	230	350	410	403	382
Total Depreciation and Amortization (D&A)	9.80	11	8.20	8.10	8.20	8.10	7.10	7.90	8.90	8.50	8.40
Debt-free, Cash-free Net Working Capital to Revenue	-26.49%	-31.14%	-26.30%	-28.16%	-30.22%	-31.34%	-28.90%	-31.65%	-33.21%	-	-30.29%
Debt-free Net Working Capital to Revenue	26.94%	22.20%	21.12%	20.95%	17.79%	17.50%	38.10%	4.51%	-11.41%	-	-4.59%
Net Working Capital to Revenue	25.82%	21.11%	20.06%	19.88%	16.72%	16.45%	37.16%	3.31%	-12.59%	-	-5.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01	$0.08	($0.01)	($0.07)	($0.15)	$0.04
Adjusted Weighted Average Basic Shares Outstanding	63.59M	63.96M	63.04M	155.92M	203.89M	156.59M	200.60M	198.65M	197.95M	198.73M	197.81M
Adjusted Diluted Earnings per Share	$0.00	($0.45)	$0.00	($0.03)	($0.05)	$0.01	$0.08	($0.01)	($0.07)	($0.15)	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	63.59M	63.96M	65.21M	155.92M	203.89M	156.59M	200.84M	198.65M	197.95M	198.73M	199.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	62.89M	63.03M	203.84M	203.93M	202.98M	200.05M	198.86M	197.97M	197.81M	197.91M	197.91M
Normalized Net Operating Profit after Tax (NOPAT)	-0.70	14	18	4.48	1.12	15	26	7.14	-5.46	-11	14
Normalized NOPAT Margin	-0.97%	13.72%	13.82%	5.21%	1.54%	13.63%	17.92%	6.77%	-7.05%	-	8.69%
Pre Tax Income Margin	-16.00%	11.23%	10.87%	-4.07%	-20.39%	10.58%	14.01%	0.57%	-23.10%	-	6.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.09	1.71	2.01	0.53	-0.38	1.82	2.06	0.94	-0.73	-	2.07
NOPAT to Interest Expense	-0.06	-2.65	1.52	0.37	-0.27	0.82	1.52	-2.18	-0.51	-	1.44
EBIT Less CapEx to Interest Expense	-0.09	1.70	1.98	0.52	-0.39	1.76	2.05	0.93	-0.76	-	2.05
NOPAT Less CapEx to Interest Expense	-0.06	-2.66	1.50	0.36	-0.28	0.76	1.51	-2.19	-0.54	-	1.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.79%	-215.00%	-600.00%	2,580.00%	-97.60%	668.18%	140.00%	153.16%	260.87%	-	-22.94%
Augmented Payout Ratio	80.06%	-426.25%	-641.86%	2,760.00%	-123.56%	1,295.45%	460.00%	503.80%	795.65%	-	-45.36%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Emerald Holding, Inc. (NYSE: EEX) based on the last four years of quarterly data. The items are grouped to highlight potential positive, neutral, and negative factors for investors.

Revenue growth trend: Operating Revenue rose from about $93.6 million in Q4 2022 to about $132.7 million in Q4 2025, indicating a solid top‑line expansion over the period.
Consistent positive operating cash flow across several recent quarters: Net cash from continuing operating activities was about $20.6 million in Q4 2024, $12.6 million in Q4 2025, with other periods showing positive cash generation (e.g., Q1–Q3 2025).
Debt level remains roughly stable around $500 million: Long-Term Debt sits near $500–503 million across 2023–2025, suggesting a steady debt load rather than rapid leverage changes.
Regular dividend activity: Emerald has been paying quarterly dividends (roughly $3 million per quarter in multiple periods), which can be a positive for income-focused investors and demonstrates ongoing capital deployment to shareholders.
Balance sheet growth in assets: Total Assets increased from around $1.05 billion (Q4 2023) to approximately $1.21 billion (Q3 2025), reflecting expanding asset base alongside operations.
Liabilities have grown with assets: Total Current Liabilities and Total Liabilities rose in tandem with higher asset levels (e.g., Total Liabilities around $848 million in Q3 2025 vs equity around $369–392 million in the same period), indicating higher leverage but a growing balance sheet overall.
Equity position remains modest relative to liabilities: Total Liabilities and Shareholders’ Equity show leverage is skewed toward debt, with equity roughly in the $370–392 million range in recent quarters.
Gross margin and earnings variability: Gross Profit and Total Gross Profit figures vary quarter to quarter (e.g., Q4 2025 shows Gross Profit of roughly $29.9 million on $132.7 million revenue, while some prior quarters show much larger gross profit figures), suggesting a volatile margin environment or data labeling nuances that may affect margin interpretation.
2025 Q4 net income declined sharply: Net Income attributable to common shareholders was about -$30.2 million in Q4 2025, reversing the more modest positive results seen earlier in 2024 and 2023 quarters.
High SG&A pressure in the latest period: Selling, General & Administrative Expense was about $88.7 million in Q4 2025, a sizable expense load relative to the quarterly revenue, contributing to the net loss for the period.
Valuation/margin headwinds reflected in profitability: The combination of rising operating expenses, a sizable negative net income in 2025 Q4, and leverage on the balance sheet may indicate ongoing profitability challenges unless top-line growth or cost controls accelerate.

06/10/26 03:58 AM ETAI Generated. May Contain Errors.

Emerald Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Emerald's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Emerald's net income appears to be on an upward trend, with a most recent value of -$30.70 million in 2025, falling from $19.60 million in 2015. The previous period was $2.20 million in 2024. View Emerald's forecast to see where analysts expect Emerald to go next.

Emerald's total operating income in 2025 was $22.50 million, based on the following breakdown:

Total Gross Profit: $294.70 million
Total Operating Expenses: $272.20 million

Over the last 10 years, Emerald's total revenue changed from $306.40 million in 2015 to $463.40 million in 2025, a change of 51.2%.

Emerald's total liabilities were at $874 million at the end of 2025, a 31.9% increase from 2024, and a 16.3% decrease since 2016.

In the past 9 years, Emerald's cash and equivalents has ranged from $9.60 million in 2019 to $295.30 million in 2020, and is currently $100.90 million as of their latest financial filing in 2025.

Over the last 10 years, Emerald's book value per share changed from 0.00 in 2015 to 1.71 in 2025, a change of 171.3%.

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Financial statements for NYSE:EEX last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Emerald (EEX) Financials

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Emerald (EEX) Financials

Annual Income Statements for Emerald

Quarterly Income Statements for Emerald

Annual Cash Flow Statements for Emerald

Quarterly Cash Flow Statements for Emerald

Annual Balance Sheets for Emerald

Quarterly Balance Sheets for Emerald

Annual Metrics And Ratios for Emerald

Quarterly Metrics And Ratios for Emerald

Financials Breakdown Chart

Key Financial Trends

Emerald Financials - Frequently Asked Questions

When does Emerald's fiscal year end?

How has Emerald's net income changed over the last 10 years?

What is Emerald's operating income?

How has Emerald's revenue changed over the last 10 years?

How much debt does Emerald have?

How much cash does Emerald have?

How has Emerald's book value per share changed over the last 10 years?

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