Stagwell Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Stagwell Inc. reported revenue of $2.9B (+2.4% year on year) and net income of $30.6M (+22.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $2.9B | $2.8B | $2.5B | $2.7B |
| Cost of services | $1.8B | $1.8B | $1.6B | $1.7B |
| Office and general expenses | $732.3M | $711.8M | $661.3M | $601.5M |
| Depreciation and amortization | $171.2M | $151.7M | $142.8M | $131.3M |
| Impairment and other losses | $466.0K | $1.7M | $11.4M | $122.2M |
| Costs and Expenses, Total | $2.7B | $2.7B | $2.4B | $2.5B |
| Operating Income (Loss), Total | $159.0M | $133.1M | $90.5M | $159.2M |
| Interest expense, net | ($96.4M) | ($92.3M) | ($90.6M) | ($76.1M) |
| Foreign exchange, net | ($1.6M) | ($1.7M) | ($3.0M) | ($2.6M) |
| Other, net | $171.0K | ($1.4M) | ($359.0K) | ($7.1M) |
| Nonoperating Income (Expense), Total | ($90.2M) | ($95.3M) | $542.0K | ($85.7M) |
| Income before income taxes and equity in earnings of non-consolidated affiliates | $68.8M | $37.7M | $91.1M | $73.5M |
| Income tax expense | $38.3M | $13.2M | $40.6M | $7.6M |
| Income before equity in earnings of non-consolidated affiliates | $30.5M | $24.5M | $50.5M | $65.9M |
| Equity in income (loss) of non-consolidated affiliates | $111.0K | $503.0K | ($8.9M) | ($79.0K) |
| Net income | $30.6M | $25.0M | $41.6M | $65.8M |
| Net income attributable to noncontrolling and redeemable noncontrolling interests | ($1.5M) | ($22.8M) | ($41.5M) | ($38.6M) |
| Net income attributable to Stagwell Inc. common shareholders | $29.1M | $2.3M | $134.0K | $27.3M |
| Earnings per share, basic | $0.13 | $0.02 | $0.00 | $0.22 |
| Earnings per share, diluted | $0.08 | $0.02 | $0.00 | $0.17 |
| Weighted Average Number of Shares Outstanding, Basic | 220.6M | 110.9M | 117.3M | 124.3M |
| Weighted Average Number of Shares Outstanding, Diluted | 264.5M | 115.8M | 122.2M | 296.6M |
| Gain (loss) on disposition of business | ($2.2M) | $0 | $94.5M | — |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | $9.9M | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $786.3M | $704.1M | $743.0M | $706.8M |
| Cost of services | $517.1M | $459.5M | $470.9M | $459.2M |
| Office and general expenses | $213.7M | $190.6M | $166.4M | $183.1M |
| Depreciation and amortization | $44.0M | $44.3M | $44.3M | $41.4M |
| Costs and Expenses, Total | $774.8M | $694.5M | $682.1M | $683.6M |
| Operating Income (Loss), Total | $11.5M | $9.6M | $60.9M | $23.2M |
| Interest expense, net | ($22.3M) | ($23.3M) | ($25.2M) | ($23.5M) |
| Foreign exchange, net | $605.0K | ($3.0M) | ($366.0K) | ($1.3M) |
| Other, net | $937.0K | ($69.0K) | ($2.0M) | ($360.0K) |
| Nonoperating Income (Expense), Total | ($20.8M) | ($26.4M) | ($27.6M) | ($25.2M) |
| Loss before income taxes and equity in earnings of non-consolidated affiliates | ($9.2M) | ($16.7M) | $33.3M | ($2.0M) |
| Income tax (benefit) expense | ($348.0K) | ($2.9M) | $9.6M | $2.7M |
| Loss before equity in earnings of non-consolidated affiliates | ($8.9M) | ($13.8M) | $23.8M | ($4.7M) |
| Equity in income of non-consolidated affiliates | $191.0K | ($121.0K) | ($1.0K) | $20.0K |
| Net loss | ($8.7M) | ($13.9M) | $23.8M | ($4.6M) |
| Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests | $585.0K | $974.0K | $856.0K | ($627.0K) |
| Net loss attributable to Stagwell Inc. common shareholders | ($8.1M) | ($13.0M) | $24.6M | ($5.3M) |
| Earnings per share, basic | -$0.03 | -$0.05 | $0.10 | -$0.02 |
| Earnings per share, diluted | -$0.03 | -$0.05 | $0.09 | -$0.02 |
| Weighted Average Number of Shares Outstanding, Basic | 245.9M | 250.8M | 256.0M | 260.8M |
| Weighted Average Number of Shares Outstanding, Diluted | 245.9M | 250.8M | 259.6M | 260.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $104.5M | $131.3M | $119.7M | $220.6M |
| Accounts receivable, net | $735.8M | $716.4M | $697.2M | $645.8M |
| Expenditures billable to clients | $164.7M | $173.2M | $114.1M | $93.1M |
| Other current assets | $157.3M | $114.2M | $94.1M | $71.4M |
| Assets, Current, Total | $1.2B | $1.1B | $1.0B | $1.0B |
| Fixed assets, net | $73.1M | $72.7M | $77.8M | $98.9M |
| Operating Lease, Right-of-Use Asset | $213.6M | $219.4M | $254.3M | $273.6M |
| Goodwill | $1.6B | $1.6B | $1.5B | $1.6B |
| Other intangible assets, net | $834.2M | $836.8M | $818.2M | $907.5M |
| Deferred Tax Assets, Tax Deferred Expense | $281.1M | — | — | — |
| Other assets | $55.1M | $90.0M | $92.8M | $115.4M |
| Assets, Total | $4.2B | $3.9B | $3.8B | $4.0B |
| Accounts payable | $548.3M | $449.3M | $415.0M | $357.3M |
| Accrued media | $239.5M | $245.9M | $291.8M | $240.5M |
| Accruals and other liabilities | $291.6M | $265.4M | $233.0M | $248.5M |
| Advance billings | $329.8M | $294.6M | $301.7M | $337.0M |
| Current portion of lease liabilities - operating leases | $55.4M | $60.2M | $65.9M | $76.3M |
| Current portion of deferred acquisition consideration | $15.4M | $51.9M | $67.0M | $90.2M |
| Liabilities, Current, Total | $1.5B | $1.4B | $1.4B | $1.3B |
| Long-term debt | $1.3B | $1.4B | $1.1B | $1.2B |
| Long-term portion of deferred acquisition consideration | $24.6M | $50.2M | $34.1M | $71.1M |
| Long-term lease liabilities - operating leases | $224.4M | $245.4M | $281.3M | $294.0M |
| Deferred Tax Liabilities, Tax Deferred Income | $54.7M | — | — | — |
| Long-term tax receivable agreement liability | $252.4M | — | — | — |
| Other liabilities | $51.1M | $59.1M | $54.9M | $69.8M |
| Liabilities, Total | $3.4B | $3.1B | $2.9B | $3.0B |
| Redeemable Noncontrolling Interest, Equity, Fair Value | $25.0M | $8.4M | $10.8M | $39.1M |
| Common shares | 252.0K | 117.0K | 120.0K | 134.0K |
| Paid-in capital | $744.5M | $343.6M | $348.5M | $491.9M |
| Retained earnings | $32.9M | $11.7M | $21.1M | $29.4M |
| Accumulated other comprehensive loss | ($19.3M) | ($23.8M) | ($13.1M) | ($38.9M) |
| Stagwell Inc. shareholders’ equity | $758.4M | $331.7M | $356.7M | $482.5M |
| Noncontrolling interests | $18.0M | $445.2M | $468.6M | $462.1M |
| Total shareholders’ equity | $776.4M | $776.9M | $825.3M | $944.6M |
| Liabilities and Equity, Total | $4.2B | $3.9B | $3.8B | $4.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $109.5M | $114.9M | $132.2M | $181.3M |
| Accounts receivable, net | $713.1M | $727.6M | $777.9M | $769.3M |
| Expenditures billable to clients | $159.3M | $170.3M | $150.3M | $150.2M |
| Other current assets | $211.3M | $202.2M | $170.0M | $162.2M |
| Assets, Current, Total | $1.2B | $1.2B | $1.2B | $1.3B |
| Fixed assets, net | $71.6M | $71.1M | $64.9M | $65.3M |
| Operating Lease, Right-of-Use Asset | $192.9M | $202.8M | $217.4M | $219.7M |
| Goodwill | $1.6B | $1.6B | $1.6B | $1.6B |
| Other intangible assets, net | $815.3M | $822.8M | $851.5M | $866.8M |
| Deferred Tax Assets, Tax Deferred Expense | $280.2M | $280.1M | $250.4M | $251.6M |
| Other assets | $51.6M | $55.0M | $50.0M | $50.0M |
| Assets, Total | $4.2B | $4.2B | $4.3B | $4.3B |
| Accounts payable | $515.0M | $526.1M | $408.1M | $484.1M |
| Accrued media | $203.1M | $207.1M | $206.8M | $222.5M |
| Accruals and other liabilities | $299.3M | $266.1M | $275.2M | $319.7M |
| Advance billings | $369.5M | $393.0M | $375.8M | $339.6M |
| Current portion of lease liabilities - operating leases | $53.9M | $54.3M | $56.8M | $57.2M |
| Current portion of deferred acquisition consideration | $37.8M | $22.3M | $53.6M | $41.4M |
| Liabilities, Current, Total | $1.5B | $1.5B | $1.4B | $1.5B |
| Long-term debt | $1.5B | $1.4B | $1.5B | $1.5B |
| Long-term portion of deferred acquisition consideration | $19.1M | $27.8M | $23.5M | $50.3M |
| Long-term lease liabilities - operating leases | $201.6M | $213.8M | $227.5M | $231.2M |
| Deferred Tax Liabilities, Tax Deferred Income | $52.8M | $52.8M | $53.5M | $49.4M |
| Long-term tax receivable agreement liability | $252.4M | $252.4M | $223.6M | $223.4M |
| Other liabilities | $38.2M | $40.9M | $52.2M | $53.0M |
| Liabilities, Total | $3.5B | $3.5B | $3.5B | $3.5B |
| Redeemable Noncontrolling Interest, Equity, Fair Value | $20.3M | $24.3M | $8.6M | $9.2M |
| Common shares | 244.0K | 246.0K | 254.0K | 261.0K |
| Paid-in capital | $685.1M | $711.5M | $741.7M | $765.9M |
| Retained earnings | $13.3M | $20.1M | $29.5M | $4.9M |
| Accumulated other comprehensive loss | ($29.3M) | ($26.9M) | ($22.5M) | ($20.9M) |
| Stagwell Inc. shareholders’ equity | $669.4M | $704.9M | $749.0M | $750.1M |
| Noncontrolling interests | $17.1M | $17.6M | $21.4M | $21.8M |
| Total shareholders’ equity | $686.4M | $722.5M | $770.5M | $771.9M |
| Liabilities and Equity, Total | $4.2B | $4.2B | $4.3B | $4.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest | $30.6M | $25.0M | $41.6M | $65.8M |
| Stock-based compensation | $54.1M | $52.2M | $57.2M | $33.2M |
| Depreciation and amortization | $171.2M | $151.7M | $142.8M | $131.3M |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $67.5M | $75.1M | $76.7M | — |
| Impairment and other losses | ($3.1M) | $1.7M | $11.4M | $122.2M |
| Gain (loss) on disposition of business | $2.2M | $0 | ($94.5M) | — |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | ($9.9M) | — | — | — |
| Deferred income taxes | $10.4M | ($10.7M) | $19.4M | ($18.3M) |
| Adjustment To Deferred Acquisition Consideration | ($7.5M) | $23.0M | $13.1M | ($13.4M) |
| Other, net | $7.5M | $7.6M | $8.3M | ($5.7M) |
| Accounts receivable | $28.8M | $8.5M | ($58.7M) | $37.8M |
| Expenditures billable to clients | $12.0M | ($54.4M) | ($21.5M) | ($32.4M) |
| Other current assets | ($51.5M) | ($6.2M) | $1.2M | $1.2M |
| Accounts payable | $73.6M | $24.4M | $52.8M | $98.9M |
| Accrued expenses and other liabilities | ($42.2M) | ($28.7M) | ($24.6M) | ($42.8M) |
| Advance billings | $25.6M | ($22.7M) | ($41.1M) | ($27.1M) |
| Increase (Decrease) in Operating Lease Liability | ($76.5M) | ($83.9M) | ($87.6M) | — |
| Deferred acquisition related payments | ($1.8M) | ($19.9M) | ($15.4M) | ($10.8M) |
| Net Cash Provided by (Used in) Operating Activities, Total | $291.0M | $142.9M | $81.0M | $347.6M |
| Capitalized software | ($67.5M) | ($35.1M) | ($28.2M) | — |
| Capital expenditures | ($43.7M) | ($18.9M) | ($14.2M) | ($22.7M) |
| Acquisitions, net of cash acquired | ($6.2M) | ($103.3M) | ($23.3M) | ($74.2M) |
| Proceeds from sale of business, net | $10.8M | $0 | $229.5M | $0 |
| Other | ($7.1M) | ($5.2M) | ($7.8M) | ($19.4M) |
| Net Cash Provided by (Used in) Investing Activities, Total | ($113.7M) | ($162.5M) | $156.0M | ($116.3M) |
| Repayment of borrowings under revolving credit facility | ($2.0B) | ($1.8B) | $1.9B | ($1.3B) |
| Proceeds from borrowings under revolving credit facility | $2.0B | $2.0B | ($2.0B) | $1.3B |
| Shares repurchased and cancelled | -134.3M | -108.2M | -223.8M | 18.7M |
| Distributions to noncontrolling interests | ($9.7M) | ($26.7M) | ($25.0M) | ($39.2M) |
| Payment of deferred consideration | ($33.3M) | ($29.8M) | ($49.2M) | ($63.2M) |
| Proceeds from (Payments to) Noncontrolling Interests | $0 | — | — | — |
| Payments of Financing Costs | ($6.1M) | — | — | — |
| Net Cash Provided by (Used in) Financing Activities, Total | ($210.0M) | $36.9M | ($339.9M) | ($186.7M) |
| Effect of exchange rate changes on cash and cash equivalents | $5.9M | ($5.7M) | $2.1M | ($8.0M) |
| Net increase (decrease) in cash and cash equivalents | ($26.8M) | $11.6M | ($100.9M) | $36.6M |
| Cash and cash equivalents at beginning of period | $131.3M | $119.7M | $220.6M | $184.0M |
| Cash and cash equivalents at end of period | $104.5M | $131.3M | $119.7M | $220.6M |
| Income Taxes Paid | $23.0M | $23.9M | $45.5M | $46.3M |
| Cash interest paid | $94.4M | $91.0M | $87.1M | $70.9M |
| Shares issued for business acquisitions | 15.3M | 47.1M | 8.3M | 1.2M |
| Noncash or Part Noncash Acquisition, Noncontrolling Interest Acquired | $0 | $27.2M | $22.2M | $1.0M |
| Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued | 0 | 341.0K | 32.8M | 989.0K |
| Addition to deferred tax asset related to exchange of Paired Units | $237.9M | — | — | — |
| Addition to Tax Receivables Agreement liability related to exchange of Paired Units | $229.7M | — | — | — |
| Conversion of Class C to Class A shares | 447.6M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest | ($22.6M) | ($13.9M) | $13.8M | ($10.0M) |
| Stock-based compensation | $32.8M | $14.2M | $44.1M | $31.5M |
| Depreciation and amortization | $88.3M | $44.3M | $127.6M | $83.4M |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $32.2M | $16.1M | $51.2M | $34.1M |
| Gain (Loss) on Termination of Lease | $0 | — | ($3.1M) | ($3.5M) |
| Deferred income taxes | ($338.0K) | ($635.0K) | $3.2M | ($1.4M) |
| Adjustment To Deferred Acquisition Consideration | $19.1M | $10.3M | ($9.9M) | $3.4M |
| Other, net | $1.1M | $1.3M | $1.3M | ($7.5M) |
| Accounts receivable | $9.6M | ($2.0M) | ($3.5M) | $7.9M |
| Expenditures billable to clients | $5.1M | ($5.9M) | $26.3M | $27.0M |
| Other current assets | ($58.8M) | ($62.9M) | ($53.4M) | ($41.4M) |
| Accounts payable | ($15.9M) | ($18.0M) | ($57.3M) | $25.3M |
| Accrued expenses and other liabilities | ($28.8M) | ($55.6M) | ($117.1M) | ($89.4M) |
| Advance billings | $39.3M | $63.1M | $68.0M | $35.8M |
| Increase (Decrease) in Operating Lease Liability | ($35.7M) | ($16.8M) | ($59.4M) | ($40.5M) |
| Deferred acquisition related payments | ($1.4M) | — | ($1.2M) | $0 |
| Net Cash Provided by (Used in) Operating Activities, Total | $63.7M | ($26.5M) | $30.7M | $54.7M |
| Capitalized software | ($62.4M) | ($22.4M) | ($45.3M) | ($29.2M) |
| Capital expenditures | ($21.6M) | ($10.7M) | ($26.3M) | ($11.6M) |
| Acquisitions, net of cash acquired | ($4.5M) | $355.0K | ($6.2M) | $14.2M |
| Other | ($1.1M) | ($325.0K) | ($2.9M) | ($8.3M) |
| Net Cash Provided by (Used in) Investing Activities, Total | ($89.7M) | ($33.0M) | ($80.8M) | ($34.9M) |
| Repayment of borrowings under revolving credit facility | ($972.1M) | ($469.0M) | ($1.4B) | ($925.0M) |
| Proceeds from borrowings under revolving credit facility | $1.1B | $582.0M | $1.6B | $1.0B |
| Shares repurchased and cancelled | -88.0M | -40.7M | -105.2M | -67.5M |
| Distributions to noncontrolling interests and RNCI | ($3.1M) | ($366.0K) | ($5.0M) | ($4.8M) |
| Payment of deferred consideration | ($337.0K) | $0 | ($16.1M) | ($16.1M) |
| Tax Receivables Agreement payment | ($2.6M) | ($2.6M) | — | — |
| Payments of Financing Costs | $0 | — | ($3.8M) | ($3.6M) |
| Net Cash Provided by (Used in) Financing Activities, Total | $30.1M | $69.4M | $44.2M | $21.1M |
| Effect of exchange rate changes on cash and cash equivalents | $809.0K | $569.0K | $6.7M | $9.1M |
| Net increase in cash and cash equivalents | $4.9M | $10.4M | $899.0K | $50.0M |
| Cash and cash equivalents at beginning of period | $104.5M | $104.5M | $131.3M | $131.3M |
| Cash and cash equivalents at end of period | $109.5M | $114.9M | $132.2M | $181.3M |
| Cash income taxes paid | $14.5M | $7.7M | $18.3M | $14.3M |
| Cash interest paid | $45.5M | $36.8M | $86.3M | $46.8M |
| Non-cash payment on deferred acquisition | $483.0K | — | $0 | $0 |
| Shares issued for business acquisitions | 5.6M | 5.6M | 15.3M | 15.3M |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $5.2M | $2.9M | — | — |
| Addition to deferred tax asset related to exchange of Paired Units | $0 | — | $203.4M | $204.7M |
| Addition to Tax Receivables Agreement liability related to exchange of Paired Units | $0 | — | $200.3M | $200.1M |
| Conversion of Class C to Class A shares | 0 | — | 447.6M | 447.6M |
Stagwell Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.