Tue, May 20, 2:42 PM (32 days ago)
**GPB Holdings II, LP (GPBH) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Cash & Cash Equivalents:** $12.6 million (up from $10.9 million in Q4 2024). - **Investment Securities:** $496.5 million (primarily U.S. Treasury Bills). - **Total Assets:** $518.2 million (up from $516.9 million in Q4 2024). - **Total Liabilities:** $62.9 million (up from $28.4 million in Q4 2024). - **Net Assets in Liquidation:** $455.3 million (down from $488.5 million in Q4 2024). **Revenue & Profit Margins:** - Not applicable due to liquidation status and adoption of liquidation basis of accounting. **Cash Flow:** - **Net Changes in Liquidation Value:** -$33.2 million (Q1 2025) vs. +$9.6 million (Q1 2024). - **Initial Distribution:** $180.0 million made to Holdings II Limited Partners on April 25, 2025. **Earnings Changes & Quarterly Performance:** - **Changes in Net Assets in Liquidation:** -$33.2 million (Q1 2025) due to decreases in investment securities, escrow receivable, and increases in liabilities. - **Legal & Indemnification Costs:** Increased by $1.6 million, impacting liability for estimated costs. **Trends & Uncertainties:** - **Receivership & Distribution Plan:** GPBH is in receivership, with the Receiver making distributions based on the approved Distribution Plan. - **Legal Proceedings:** Numerous legal actions and regulatory matters are ongoing, with significant uncertainty surrounding potential outcomes and costs. - **Liquidity & Capital Resources:** Cash and cash equivalents are sufficient to meet liquidity needs for at least the next 12 months. **Future Operations Impact:** - **Liquidation Completion Date:** Estimated to be December 31, 2026, but subject to change based on various factors. - **Future Distributions:** Dependent on the progress of the receivership, asset liquidation, and claims resolution process. - **Legal & Indemnification Costs:** May continue to be adjusted, impacting the liability for estimated costs in excess of estimated receipts. **Ticker:** Not publicly traded.