XML 52 R36.htm IDEA: XBRL DOCUMENT v3.25.3

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The CODM evaluates the performance of the equity method investment in Holdings primarily based on net sales, gross profit and net (loss) income and does not review discrete financial information at a level lower than consolidated Holdings. The Company does not have any intra-entity sales.

						Three Months Ended September 30, 2025
						Corporate						Equity Method Investment in CompoSecure Holdings, LLC.						Elimination of Unconsolidated Affiliate						Consolidated Total of CompoSecure, Inc.
Net sales						$	—					$	120,865					$	(120,865)					$	—
Cost of sales						—						49,538						(49,538)						—
Gross profit						—						71,327						(71,327)						—
Selling, general and administrative expenses						9,939						29,610						(29,610)						9,939
(Loss) income from operations						(9,939)						41,717						(41,717)						(9,939)
Other income (expense):
Change in fair value of earnout consideration liability						(57,610)						—						—						(57,610)
Revaluation of warrant liability						(117,267)						—						—						(117,267)
Interest expense						—						(3,371)						3,371						—
Interest income						287						1,458						(1,458)						287
Amortization of deferred financing costs						—						(167)						167						—
Total other expenses, net						(174,590)						(2,080)						2,080						(174,590)
(Loss) Income before income taxes						(184,529)						39,637						(39,637)						(184,529)
Income tax expense						(29,804)						—						—						(29,804)
Net (loss) income						$	(214,333)					$	39,637					$	(39,637)					$	(214,333)
Earnings in CompoSecure Holdings, LLC. equity method investment						39,637																		39,637
Net loss of CompoSecure, Inc.						$	(174,696)																	$	(174,696)
Capital expenditures related to segment assets						$	—					$	1,388					$	(1,388)					$	—

						Nine Months Ended September 30, 2025
						Corporate						Equity Method Investment in CompoSecure Holdings, LLC.						Elimination of Unconsolidated Affiliate						Consolidated Total of CompoSecure, Inc.
Net sales						$	59,824					$	284,522					$	(284,522)					$	59,824
Cost of sales						31,075						118,596						(118,596)						31,075
Gross profit						28,749						165,926						(165,926)						28,749
Selling, general and administrative expenses						35,300						67,469						(67,469)						35,300
(Loss) income from operations						(6,551)						98,457						(98,457)						(6,551)
Other income (expense):
Change in fair value of earnout consideration liability						(57,101)						—						—						(57,101)
Revaluation of warrant liability						(152,782)						—						—						(152,782)
Interest expense						(1,688)						(8,438)						8,438						(1,688)
Interest income						523						3,761						(3,761)						523
Amortization of deferred financing costs						(74)						(390)						390						(74)
Total other expenses, net						(211,122)						(5,067)						5,067						(211,122)
(Loss) income before income taxes						(217,673)						93,390						(93,390)						(217,673)
Income tax expense						(55,046)						—						—						(55,046)
Net (loss) income						$	(272,719)					$	93,390					$	(93,390)					$	(272,719)
Earnings in CompoSecure Holdings, LLC. equity method investment						93,390																		93,390
Net loss of CompoSecure, Inc.						$	(179,329)																	$	(179,329)
Total assets						$	505,475					281,602						(281,602)						$	505,475
Total liabilities						$	(353,006)					(250,786)						250,786						$	(353,006)
Capital expenditures related to segment assets						$	387					3,799						(3,799)						$	387

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration