GPGI, Inc. (GPGI) Balance Sheet
GPGI balance sheet, 2025
December 31, 2025 · U.S. dollars$517.3M assets = $274.1M liabilities + $243.1M equity
Both columns are drawn to the same scale: what GPGI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GPGI financial health
Descriptive bands, not a rating. Fiscal 2025.
GPGI balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $81.4M2020 | $517.3M2025 | +44.8%/yr | |
| Total liabilities | $273.9M2020 | $274.1M2025 | +0.0%/yr | |
| Shareholders’ equity | −$192.6M2020 | $243.1M2025 | — | |
| Cash & short-term investments | $13.4M2020 | $114.6M2025 | +53.6%/yr | |
| Total debt | $255.9M2020 | $205.5M2024 | −5.3%/yr | |
| Net cash (debt) | −$242.5M2020 | −$128.1M2024 | +$114.4M | |
| Working capital | $11.9M2020 | $101.1M2025 | +$89.2M | |
| Book value per share | −$10.742021 | $2.202025 | — | |
| Current ratio | 1.292020 | 6.332025 | +5.05 | |
| Shares outstanding | 94.6M2021 | 110.5M2025 | +4.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GPGI assets
GPGI liabilities and equity
GPGI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GPGI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $114.6M | $77.5M | $41.2M | $13.6M | $21.9M | $13.4M |
| Cash & equivalents | $114.6M | $77.5M | $41.2M | $13.6M | $21.9M | $13.4M |
| Receivables | $0 | $47.4M | $40.5M | $37.3M | $27.9M | $8.8M |
| Inventory | $0 | $44.8M | $52.5M | $42.4M | $25.8M | $30.2M |
| Other current assets | $5.4M | $4.2M | $5.1M | $3.8M | $2.6M | $1.1M |
| Total current assets | $120.1M | $173.9M | $139.4M | $97.1M | $78.3M | $53.5M |
| Property, plant & equipment (net) | $0 | $28.9M | $32.7M | $31.6M | $27.4M | $27.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $125.5M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $271.7M | $275.5M | $29.0M | $34.2M | $25.7M | $10,000 |
| Total assets | $517.3M | $478.2M | $201.0M | $162.9M | $131.4M | $81.4M |
| Liabilities | ||||||
| Accounts payable | $922,000 | $11.5M | $5.2M | $7.1M | $7.1M | $2.4M |
| Short-term debt | — | $13.4M | $12.3M | $16.2M | $13.6M | $24.0M |
| Total current liabilities | $19.0M | $76.3M | $40.9M | $45.0M | $60.5M | $41.6M |
| Long-term debt | $0 | $184.4M | $326.2M | $343.6M | $375.0M | $0 |
| Lease obligations | $0 | $6.0M | $8.2M | $9.6M | $5.8M | — |
| Other long-term liabilities | $255.2M | $361.0M | $39.7M | $66.3M | $103.5M | $232.3M |
| Total liabilities | $274.1M | $621.7M | $406.8M | $454.9M | $539.0M | $273.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $12,000 | $10,000 | $8,000 | $8,000 | $7,000 | $6,000 |
| Retained earnings (deficit) | −$451.1M | −$507.4M | −$846.8M | −$924.6M | −$1.03B | −$198.7M |
| Accumulated other comprehensive income | −$206,000 | $2.5M | $5.0M | $8.3M | — | — |
| Minority interest | — | $0 | $596.6M | $600.2M | — | — |
| Total shareholders' equity | $243.1M | −$143.4M | −$802.4M | −$892.2M | −$1.02B | −$192.6M |
| Key figures | ||||||
| Total debt | — | $205.5M | $350.9M | $375.4M | $393.4M | $255.9M |
| Net cash (debt) | — | −$128.1M | −$309.6M | −$361.7M | −$371.4M | −$242.5M |
| Working capital | $101.1M | $97.6M | $98.5M | $52.1M | $17.8M | $11.9M |
| Tangible book value | $243.1M | −$143.4M | −$802.4M | −$892.2M | −$1.02B | −$192.6M |
| Book value per share | $2.20 | — | — | — | −$10.74 | — |
| Shares outstanding | 110.5M | — | — | — | 94.6M | — |
| Current ratio | 6.33 | 2.28 | 3.41 | 2.16 | 1.29 | 1.29 |
| Quick ratio | 6.04 | 1.64 | 2.00 | 1.13 | 0.82 | 0.53 |
| Equity / assets | 47.0% | −30.0% | −399.1% | −547.6% | −773.5% | −236.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $7.7M | $6.5M | $114.6M | $127.4M | $4.8M | $9.5M | $77.5M | $52.7M | $35.4M | $55.1M | $41.2M | $23.8M |
| Cash & equivalents | $7.7M | $6.5M | $114.6M | $127.4M | $4.8M | $9.5M | $77.5M | $52.7M | $35.4M | $55.1M | $41.2M | $23.8M |
| Receivables | $15.5M | $12.1M | $0 | $0 | $0 | $0 | $47.4M | $43.8M | $39.6M | $35.1M | $40.5M | $48.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $44.8M | $55.1M | $57.5M | $55.2M | $52.5M | $52.0M |
| Other current assets | $3.8M | $4.3M | $5.4M | $4.7M | $1.1M | $1.3M | $4.2M | $5.2M | $3.9M | $5.3M | $5.1M | $3.9M |
| Total current assets | $27.0M | $22.9M | $120.1M | $132.0M | $5.9M | $10.8M | $173.9M | $156.8M | $136.5M | $150.7M | $139.4M | $128.2M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $28.9M | $29.0M | $30.2M | $31.6M | $32.7M | $31.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $3.17B | $3.13B | $125.5M | $84.3M | $44.7M | $14.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $263.3M | $258.0M | $275.9M | $289.2M | $266.7M | $266.7M | $275.5M | $249.6M | $46.7M | $31.3M | $29.0M | $35.8M |
| Total assets | $3.46B | $3.41B | $521.4M | $505.5M | $317.3M | $292.3M | $478.2M | $435.4M | $213.4M | $213.6M | $201.0M | $195.0M |
| Liabilities | ||||||||||||
| Accounts payable | $2.2M | $1.4M | $922,000 | $1.5M | $2.6M | $4.0M | $11.5M | $9.7M | $9.4M | $4.7M | $5.2M | $14.1M |
| Short-term debt | — | — | — | — | — | — | $13.4M | $12.1M | $15.5M | $13.9M | $12.3M | $13.9M |
| Total current liabilities | $23.7M | $24.9M | $19.0M | $58.5M | $51.8M | $47.1M | $76.3M | $64.6M | $49.0M | $42.4M | $40.9M | $52.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $184.4M | $316.4M | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | $0 | $0 | $0 | $0 | $6.0M | $6.6M | — | — | — | — |
| Other long-term liabilities | $266.4M | $272.9M | $259.3M | $294.5M | $371.9M | $332.5M | $361.0M | $339.5M | $373.5M | $368.6M | $365.9M | $381.0M |
| Total liabilities | $290.1M | $297.8M | $278.3M | $353.0M | $423.7M | $379.6M | $621.7M | $720.5M | $422.5M | $410.9M | $406.8M | $433.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $12,000 | $12,000 | $10,000 | $10,000 | $10,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Retained earnings (deficit) | −$637.3M | −$686.8M | −$451.1M | −$494.4M | −$319.7M | −$293.6M | −$507.4M | −$467.9M | −$766.7M | −$839.9M | −$846.8M | −$877.8M |
| Accumulated other comprehensive income | — | −$200,000 | −$206,000 | −$206,000 | −$206,000 | −$206,000 | $2.5M | $2.6M | $4.8M | $5.4M | $5.0M | $7.6M |
| Total shareholders' equity | $3.17B | $3.12B | $243.1M | $152.5M | −$106.4M | −$87.3M | −$143.4M | −$285.0M | −$725.6M | −$794.0M | −$802.4M | −$835.4M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | $205.5M | $337.4M | $340.0M | $345.4M | $350.9M | $358.0M |
| Net cash (debt) | — | — | — | — | — | — | −$128.1M | −$284.7M | −$304.6M | −$290.3M | −$309.6M | −$334.1M |
| Working capital | $3.3M | −$2.0M | $101.1M | $73.6M | −$45.9M | −$36.3M | $97.6M | $92.2M | $87.5M | $108.3M | $98.5M | $75.4M |
| Tangible book value | $3.17B | $3.12B | $243.1M | $152.5M | −$106.4M | −$87.3M | −$143.4M | −$285.0M | −$725.6M | −$794.0M | −$802.4M | −$835.4M |
| Book value per share | $10.85 | $11.54 | $1.93 | $1.38 | −$1.04 | −$0.77 | −$1.57 | — | −$7.51 | −$8.25 | — | — |
| Shares outstanding | 292.4M | 270.0M | 126.1M | 110.3M | 102.3M | 113.3M | 91.4M | — | 96.6M | 96.2M | — | — |
| Current ratio | 1.14 | 0.92 | 6.33 | 2.26 | 0.11 | 0.23 | 2.28 | 2.43 | 2.79 | 3.56 | 3.41 | 2.43 |
| Quick ratio | 0.98 | 0.75 | 6.04 | 2.18 | 0.09 | 0.20 | 1.64 | 1.49 | 1.53 | 2.13 | 2.00 | 1.37 |
| Equity / assets | 91.6% | 91.3% | 46.6% | 30.2% | −33.5% | −29.9% | −30.0% | −65.5% | −340.1% | −371.8% | −399.1% | −428.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
GPGI financial position
At the end of fiscal 2025 (December 31, 2025), GPGI had total assets of $517.3 million (up 8.2% from a year earlier), total liabilities of $274.1 million and shareholders' equity of $243.1 million. Its current ratio was 6.33. In the latest quarter (ended June 30, 2026) total assets were $3.5 billion and equity $3.2 billion.
Related: GPGI income statement, GPGI cash flow statement, GPGI key metrics. See the GPGI stock overview for the latest quote and news.
GPGI balance sheet FAQ
What are GPGI's total assets?
GPGI reported total assets of $517.3 million at the end of fiscal 2025 (December 31, 2025), compared with $478.2 million a year earlier.
How much cash does GPGI have?
GPGI held $114.6 million in cash and short-term investments at the end of fiscal 2025.
What is GPGI's book value?
GPGI's shareholders' equity (book value) was $243.1 million at the end of fiscal 2025, or $2.20 per share.
What is GPGI's current ratio?
GPGI had current assets of $120.1 million and current liabilities of $19.0 million, a current ratio of 6.33 (it can cover its short-term obligations).