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Graham Holdings GHC Net gains (losses) on investments

Net gains (losses) on investments at other companies

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Other financials

Income statement

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Revenue$1.3B+7.1%
Gross profit$340.5M-2.3%
Operating income$83.6M+15.0%
Net income$281.1M+665%
EPS (diluted)$64.86+677%

Balance sheet

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Cash & equivalents$208.1M-9.3%
Total debt$1.5B-12.8%
Total equity$4.8B+9.4%
Total assets$8.1B+6.9%

Cash flow

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Operating cash flow$52.7M-44.4%
CapEx$20.1M+19.4%
Free cash flow$32.6M-58.2%

Valuation

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Market cap$4.99B+15.0%
Enterprise value$6.31B+7.6%
P/E9.2×+2.8×
P/S+0.1×

Profitability

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Gross margin29.7%-2.6pp
Operating margin5.1%-0.6pp
Net margin10.7%-3.4pp
FCF margin4.9%-3.8pp

Returns & leverage

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Return on equity11.9%-4.5pp
Debt / equity0.3×-0.1×
Current ratio1.9×+0.6×

Where this comes from

Reported directly by Graham Holdings in its filing.

Tagged under the XBRL concept us-gaap:UnrealizedGainLossOnInvestments.

The source filing: Graham Holdings’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 8:25 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050826
(in thousands)Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Depreciation, amortization and goodwill and other asset impairments67,73755,271
Amortization of lease right-of-use asset29,34328,729
Net pension benefit, settlement gain and early retirement and special separation benefit expense(179,035)(40,985)
Gain on marketable equity securities and cost method investments, net of impairment(32,956)(19,579)
Loss on disposition of businesses, property, plant and equipment and investments, net4,669485
Credit loss expense2,9532,125
Stock-based compensation expense, net of forfeitures3,1133,111
Foreign exchange loss5618,854

Item 1. Financial Statements.

FAQ

What is Graham Holdings's net gains (losses) on investments?
Graham Holdings (GHC) reported net gains (losses) on investments of $101.88M in Q2 2026.
What is the long-term trend for Graham Holdings's net gains (losses) on investments?
Over 2 years (2021 to 2024), Graham Holdings's net gains (losses) on investments has grown at a -16.2% compound annual growth rate (CAGR), from $254.84M to $179.02M.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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