Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 198

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 198
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$48,941 $12,852 $36,089 280.8 %Operating ExpensesCost of services28,599 11,353 17,246 151.9 %Office and general expenses37,093 9,588 27,505 286.9 %Depreciation and amortization9,228 7,365 1,863 25.3 %$74,920 $28,306 $46,614 164.7 %Operating Loss$(25,979)$(15,454)$(10,525)68.1 %

62

Six Months Ended June 30,20252024Change(dollars in thousands)$%Net Revenue$48,568 $12,653 $35,915 283.8 %Billable costs 373 199 174 87.4 %Revenue (1)48,941 12,852 36,089 280.8 %Billable costs373 199 174 87.4 %Staff costs32,700 15,428 17,272 112.0 %Administrative costs (1)15,203 (531)15,734 NMUnbillable and other costs, net13,940 4,891 9,049 185.0 %Adjusted EBITDA(13,275)(7,135)(6,140)86.1 %Stock-based compensation396 350 46 13.1 %Depreciation and amortization9,228 7,365 1,863 25.3 %Deferred acquisition consideration1,499 — 1,499 100.0 %Other items, net1,581 604 977 161.8 %Operating Loss$(25,979)$(15,454)$(10,525)68.1 %

(1) All Other Revenue and Administrative costs include approximately $11 million and $8 million of eliminations of intercompany services for the three months ended June 30, 2025, and 2024, respectively.

Revenue

Revenue for the six months ended June 30, 2025, was $48.9 million, compared to $12.9 million for the six months ended June 30, 2024, an increase of $36.1 million. 

Net Revenue

The components of the fluctuations in net revenue for the six months ended