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.
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