Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 39

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 39
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 EBITDA increased by $4.8 million, primarily due to a decrease in Operating Loss, as discussed above.

Corporate 

The components of operating results for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 were as follows: 

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Staff costs$41,238 $35,421 $5,817 16.4 %Administrative costs1,373 11,396 (10,023)(88.0)%Adjusted EBITDA(42,611)(46,817)4,206 (9.0)%Stock-based compensation15,627 5,308 10,319 194.4 %Depreciation and amortization11,833 8,681 3,152 36.3 %Impairment and other losses— 215 (215)(100.0)%Other items, net2,363 4,203 (1,840)(43.8)%Operating Loss$(72,434)$(65,224)$(7,210)11.1 %

Operating Loss

Operating Loss for the nine months ended September 30, 2025 was $72.4 million compared to $65.2 million for the nine months ended September 30, 2024, representing an increase of $7.2 million, primarily attributable to higher Stock-based compensation.

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Stock-based compensation expense increased by $10.3 million, primarily attributable to an increase in the number of awards partially offset by a decrease in the fair value of the awards, and a reversal of expense in the second quarter of 2024 associated with stock-based performance awards for which the performance targets were not met.

Liquidity and Capital Resources:

The following table provides summary information about the Company’s liquidity position and capital resources:

Nine Months Ended September 30,20252024Change(dollars in thousands)$%Net cash provided by (used in) operating activities$30,713 $(69,230)$99,943 (144.4)%Net cash used in investing activities(80,759)(66,485)(14,274)21.5 %Net cash provided by financing activities44,227 159,131 (114,904)(72.2)%

The Company had cash and cash equivalents of $132.2 million and $131.3 million as of