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EQUITY METHOD INVESTMENT
 9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
EQUITY METHOD INVESTMENTS EQUITY METHOD INVESTMENT
The Company’s ownership percentage in the equity method investment in Holdings was 100% and had a carrying value of $84,296 as of September 30, 2025. Prior to the execution of the Management Agreement and the Company's deconsolidation of Holdings on February 28, 2025, Holdings had net liabilities of $48,208, primarily arising from advances made by Holdings to the Company. Holdings waived the collection of these advances, effectively treating them as distributions to the Company as its sole member prior to the date of deconsolidation, which resulted in an initial carrying value of $0 with respect to the Company's equity method investment in Holdings. See discussion of liquidity in Note 16 for the treatment of distributions from Holdings to the Company.
The following table provides a reconciliation of the equity method investment in Holdings:

Recognition of equity method investment in CompoSecure Holdings, L.L.C., subsequent to the Spin-Off$— 
Earnings in equity method investment14,844 
Share-based compensation granted at Holdings1,870 
Equity method investment in CompoSecure Holdings, L.L.C. at March 31, 202516,714 
Earnings in equity method investment38,909 
Share-based compensation granted at Holdings5,049 
Distribution to CompoSecure, Inc.(15,933)
Equity method investment in CompoSecure Holdings, L.L.C at June 30, 2025
44,739 
Earnings in equity method investment39,637 
Share-based compensation granted at Holdings5,646 
Distributions to CompoSecure, Inc.
(5,726)
Equity method investment in CompoSecure Holdings, LLC. at September 30, 2025
$84,296 

The financial position of Holdings is summarized in the following table:
September 30, 2025
Current assets$248,691 
Noncurrent assets32,911 
Total assets281,602 
Current liabilities70,721 
Noncurrent liabilities180,065 
Total liabilities250,786 
Total members' equity
30,816 
Total liabilities and members' equity
$281,602 
The results of operations of Holdings subsequent to the Spin-Off and deconsolidation are summarized in the following table:

Three Months Ended September 30, 2025
Period from February 28, 2025 through September 30, 2025
Net sales$120,865 $284,522 
Cost of sales49,538 118,596 
Gross profit71,327 165,926 
Operating expenses:
Selling, general and administrative expenses29,610 67,469 
Income from operations41,717 98,457 
Other income (expense):
Interest expense(3,371)(8,438)
Interest income1,458 3,761 
Amortization of deferred financing costs(167)(390)
Total other expense, net
(2,080)(5,067)
Income before income taxes39,637 93,390 
Income tax expense— — 
Net income$39,637 $93,390 
The Company's maximum exposure to loss as a result of its involvement with Holdings is limited to its equity method investment in Holdings.