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GMR swings to Q2 net loss of $28.28 million; net revenue rises 3.3% to $1.49 billion

PUBT·08/12/2026 20:31:22
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GMR swings to Q2 net loss of $28.28 million; net revenue rises 3.3% to $1.49 billion
  • GMR Solutions posted Q2 net loss of USD 28.28 million, swinging from profit; net revenue rose 3.3% to USD 1.49 billion.
  • Adjusted EBITDA (non-GAAP) fell 11.8% to USD 284.54 million; management cited a USD 74.3 million year-over-year revenue estimate headwind.
  • Liquidity topped USD 1.1 billion, including USD 420 million cash; long-term debt stood at USD 4.27 billion.
  • IPO on May 14 generated USD 446.8 million net proceeds; repaid USD 670 million of senior secured term loan borrowings, redeeming all Series B preferred stock.
  • Reaffirmed 2026 guidance for net revenue of USD 5.89 billion to USD 6.18 billion; adjusted EBITDA (non-GAAP) of USD 1.14 billion to USD 1.2 billion.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GMR Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260812555444) on August 12, 2026, and is solely responsible for the information contained therein.