Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 91

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 91
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Item 8. Financial Statements and Supplementary Data

STAGWELL INC.

INDEX TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

PageFinancial Statements:Report of Independent Registered Public Accounting Firm (PCAOB ID No. 238)53Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34)55Consolidated Statements of Operations for each of the Three Years in the Period Ended December 31, 202456Consolidated Statements of Comprehensive Income (Loss) for each of the Three Years in the Period Ended December 31, 202457Consolidated Balance Sheets as of December 31, 2024, and 202358Consolidated Statements of Cash Flows for each of the Three Years in the Period Ended December 31, 202459Consolidated Statements of Shareholders’ Equity for each of the Three Years in the Period Ended December 31, 202461Notes to Audited Consolidated Financial Statements64Financial Statement Schedules:Schedule II — Valuation and Qualifying Accounts for each of the Three Years in the Period Ended December 31, 2024106

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Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of Stagwell Inc.

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheets of Stagwell Inc. and its subsidiaries (the “Company”) as of December 31, 2024 and 2023, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity and cash flows for the years then ended, including the related notes and schedule of valuation and qualifying accounts for the years ended December 31, 2024 and 2023 appearing under Item 15(a) (collectively referred to as the “consolidated financial statements”). We also have audited the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).  

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of