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Private company

Emerald Holding, Inc.

In its 2026 annual report the company says: “Emerald is a leading business-to-business event organizer principally in the United States, with expanding operations in the U.K. and international markets. Our Connections division comprises a portfolio of leading B2B events spanning trade shows, expos, conferences, and executive peer networking events, as well as business-to-consumer, or “B2C”, showcases. Our Content division comprises a portfolio of B2B digital media platforms and print publications that extend the value of our trade show properties through year-round engagement.”5 It is headquartered in Wesbrook, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Business Services, NEC2
  • HeadquartersWesbrook, United States2
  • Incorporated inDE3
  • Business address31910 Del Obispo Street, Suite 200, San Juan Capistrano, Ca 926753
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formLimited Liability Company2
  • LEI254900O0JS8UNZ9991642
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o Deborah K. Shangraw, 04092 Westbrook, United States2
  • Registered withDivision of Corporations, UCC and Commissions, Bureau of Corporations, Elections & Commissions, Department of the Secretary of State, 20040462DC2

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Emerald is a leading business-to-business (“B2B”) event organizer principally in the United States, with expanding operations in the U.K. and international markets. Leveraging our shows as key market-driven platforms, we integrate live events, media content, industry insights, digital tools, data-focused solutions and e-commerce platforms into three complementary business lines – Connections, Content and Commerce.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.9%Operating margin6
-6.6%Net margin6
16.2%Revenue growth, 20256
-9.1%Return on equity6
$41.4MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin52¢$241.2M
  • Other costs46¢$213.1M
  • Income tax2¢$9.1M

Out of $463.4M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$1.2M
  • Dividends paid28¢$11.9M
  • Share buybacks41¢$17.5M
  • Kept or used elsewhere28¢$12.0M

Out of $42.6M of cash from operations.6

Financial statements

Revenue789106$463.4M in 2025+28% since 2019
0$200.0M$400.0M$600.0M2019: $360.9M$360.9M20192020: $127.4M$127.4M2020−65%2021: $145.5M$145.5M2021+14%2022: $325.9M$325.9M2022+124%2023: $382.8M$382.8M2023+17%2024: $398.8M$398.8M2024+4%2025: $463.4M$463.4M2025+16%
Operating income789106$22.5M in 2025
-$750.0M-$500.0M-$250.0M0$250.0M2019: -$24.7M-$24.7M20192020: -$670.6M-$670.6M2020+2615%2021: -$64.7M-$64.7M2021−90%2022: $179.8M$179.8M20222023: $34.7M$34.7M2023−81%2024: $46.8M$46.8M2024+35%2025: $22.5M$22.5M2025−52%
Net income1189106-$30.7M in 2025−39% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M0$200.0M2019: -$50.0M-$50.0M20192020: -$633.6M-$633.6M2020+1167%2021: -$79.7M-$79.7M2021−87%2022: $130.8M$130.8M20222023: -$8.2M-$8.2M20232024: $2.2M$2.2M20242025: -$30.7M-$30.7M2025
Fiscal year2019202020212022202320242025
Revenue$360.9M7$127.4M8$145.5M9$325.9M10$382.8M6$398.8M6$463.4M6
Cost of revenue$120.2M11
Selling, general and admin$133.4M7$118.6M8$143.0M9$145.0M10$168.3M6$170.4M6$241.2M6
Operating income-$24.7M7-$670.6M8-$64.7M9$179.8M10$34.7M6$46.8M6$22.5M6
Income before tax-$81.0M9$158.0M10-$2.9M6$7.5M6-$21.6M6
Income tax-$5.0M7-$57.6M8-$1.3M9$27.2M10$5.3M6$5.3M6$9.1M6
Net income-$50.0M11-$633.6M8-$79.7M9$130.8M10-$8.2M6$2.2M6-$30.7M6
Earnings per share-$0.707-$9.098-$1.629$0.4610-$0.786-$0.076-$0.156
Earnings per share (diluted)-$0.707-$9.098-$1.629$0.4610-$0.786-$0.076-$0.156
Shares (weighted, basic)71.3M shares969.0M shares1064.0M shares6156.6M shares6198.7M shares6
Shares (weighted, diluted)71.3M shares969.1M shares1064.0M shares6156.6M shares6198.7M shares6

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Corporate structure

Emerald Holding, Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Emerald Holding, Inc.

  • Onex Corporation Filed SCHEDULE 13D/A on Emerald Holding, Inc., latest Jul 14, 2026 (5 filings since Jan 2, 2024)
  • FMR LLC Filed SC 13G/A on Emerald Holding, Inc., latest Apr 10, 2023 (3 filings since Feb 9, 2022)
  • Emerald Holding, Inc. Wesbrook, Maine, United States
    • Emerald X, Inc. Subsidiary · Delaware, United States
    • Expo Event Midco, Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Emerald Holding, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.4M6 Dec 31, 2025$7.2M6 Dec 31, 2024+16.7%
Accumulated depreciation$6.3M6 Dec 31, 2025$5.4M6 Dec 31, 2024+16.7%
Property and equipment, net$2.1M6 Dec 31, 2025$1.8M6 Dec 31, 2024+16.7%
Operating-lease assets (leased space)$6.4M6 Dec 31, 2025$6.4M6 Dec 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$100.9M6 Dec 31, 2025$194.8M6 Dec 31, 2024−48.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$783.6M6 Dec 31, 2025$573.8M6 Dec 31, 2024+36.6%
Intangible assets, net (excluding goodwill)$181.4M6 Dec 31, 2025$155.9M6 Dec 31, 2024+16.4%
Accumulated amortization$434.2M6 Dec 31, 2025$404.1M6 Dec 31, 2024+7.4%
Finite-lived intangibles, net$133.8M6 Dec 31, 2025$107.9M10 Dec 31, 2024+24.0%

Properties, in its own words

We have two key offices located in New York, New York and San Juan Capistrano, California. We also have other smaller office locations throughout the United States, including in Rye, New Hampshire and Alpharetta, Georgia, as well as internationally. We lease our offices from third parties on market terms and, in some cases following an acquisition, through transition services agreements with the applicable seller.

Item 2 of the 10-K filed Mar 13, 2026.5

Leadership

Who has led Emerald Holding, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David Loechner2017–2018
  2. Philip Evans2019
  3. Sally Shankland2019
  4. Brian Field2020
  5. Herve Sedky2021–now

President

  1. David Loechner2017–2018
  2. Philip Evans2019
  3. Sally Shankland2019
  4. Brian Field2020
  5. Herve Sedky2021–2022
  6. Issa Jouaneh2022–now

Chief financial officer

  1. Philip Evans2017–2020
  2. David B. Doft2020–now

Chief operating officer

  1. Brian Field2019–2024
20202025
Board members and other officers (29)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Emerald X, Inc. Delaware4
  • Emerald X, LLC Delaware4
  • Expo Event Midco, Inc. Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Emerald Expositions Events, Inc.Jan 19, 2017 to Feb 19, 20203
  • Expo Event Holdco, Inc.Jul 2, 2013 to Mar 10, 20173

Timeline

  1. Jul 14, 20268-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer53
  2. Jun 24, 20268-K Other events54
  3. May 26, 20268-K Shareholder vote55
  4. May 11, 20268-K Entered a material agreement; Shareholder vote; Other events56
  5. Mar 13, 20268-K Results of operations57
  6. Dec 16, 20258-K Regulation FD disclosure58
  7. Oct 31, 20258-K Results of operations59
  8. Aug 14, 20258-K Entered a material agreement; New debt or obligation60
  9. Aug 12, 20258-K Regulation FD disclosure61
  10. Aug 4, 20258-K Results of operations62
  11. May 23, 20258-K Shareholder vote63
  12. May 1, 20258-K Results of operations64
  13. Jan 6, 2021New chief executive Herve Sedky becomes CEO16
  14. Feb 19, 2020New chief executive Brian Field becomes CEO17
  15. Jun 5, 2019New chief executive Sally Shankland becomes CEO19
  16. Mar 18, 2019New chief executive Philip Evans becomes CEO18
  17. Apr 28, 2017New chief executive David Loechner becomes CEO20

Calendar

When it reported results

  1. Mar 13, 2026Reported quarterly or annual results57
  2. Oct 31, 2025Reported quarterly or annual results59
  3. Aug 4, 2025Reported quarterly or annual results62
  4. May 1, 2025Reported quarterly or annual results64
  5. Mar 14, 2025Reported quarterly or annual results65
  6. Jan 15, 2025Reported quarterly or annual results66
  7. Oct 30, 2024Reported quarterly or annual results67
  8. Aug 7, 2024Reported quarterly or annual results68

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

209 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 49 major events, 102 insider forms, 8 large holders, 27 other. The latest 20:

  1. Jul 24, 202615-12G EDGAR
  2. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  3. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  4. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  5. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  6. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  7. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  8. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  9. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  10. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  11. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 14, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 14, 2026SCHEDULE 13D/A EDGAR
  14. Jul 14, 20264 EDGAR
  15. Jul 14, 20264 EDGAR
  16. Jul 14, 2026S-8 POS EDGAR
  17. Jul 14, 2026S-8 POS EDGAR
  18. Jul 14, 2026S-8 POS EDGAR
  19. Jul 14, 2026S-8 POS EDGAR
  20. Jul 14, 20268-K EDGAR

The 209 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 6 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 9, 2025Jouaneh IssaPresident, Connections GroupBuy10,000$4.78$47.8KForm 4
Nov 7, 2022Field BrianChief Operating OfficerBuy2,900$3.67$10.6KForm 4
Aug 10, 2022Levin David SaulDirectorBuy12,400$3.56$44.1KForm 4
May 11, 2022Levin David SaulDirectorBuy40,400$2.99$120.8KForm 4
Mar 16, 2022Charles WilliamChief Information OfficerSale2,512$3.48$8.7KForm 4
Mar 10, 2022Charles WilliamChief Information OfficerSale4,643$3.60$16.7KForm 4
Mar 1, 2022Levin David SaulDirectorBuy8,500$3.57$30.3KForm 4
Feb 28, 2022Levin David SaulDirectorBuy20,000$3.67$73.4KForm 4
Nov 3, 2021Charles WilliamChief Information OfficerSale21,058$4.72$99.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Issa Jouaneh,50$449.0K$3.5M71
2025Hervé Sedky,56$650.0K$2.7M71
2025David Doft,54$480.0K$2.0M71
2024Chief Executive$650.0K$1.1M71
2024Chief Financial$480.0K$1.0M71
2024President,$427.5K$716.9K71
2023Officer and President$650.0K$6.2M71
2023Officer$480.0K$4.5M71
2023Connections$450.2K$751.7K71

SEC filer profile

How Emerald Holding, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREmerald Holding, Inc.1
  • CIK0001579214
  • Employer ID (EIN)42-17750775
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address31910 Del Obispo Street, Suite 200, San Juan Capistrano, CA 926751
  • Phone949-226-57001
  • Shares outstanding197,909,463 as of May 7, 202614
  • Public float$60.7M as of Jun 30, 20255
  • AuditorPricewaterhouseCoopers LLP, Irvine, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceJul 2, 20131
  • Filings559 in all: 4 (257), 8-K (115), 3 (40), 10-Q (28), SC 13G/A (10), 10-K (9), DEF 14A (9), DEFA14A (9)1
    All 43 form types

    D (7), 4/A (6), UPLOAD (6), CORRESP (5), ARS (4), S-8 (4), S-8 POS (4), 10-Q/A (3), DRSLTR (3), EFFECT (3), SC 13D/A (3), SCHEDULE 13D/A (3), 144 (2), 8-K/A (2), D/A (2), DRS (2), DRS/A (2), S-1 (2), S-1/A (2), SC 13G (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B1 (1), 424B4 (1), 424B5 (1), 5 (1), 8-A12B (1), CERTNYS (1), DEFM14C (1), PRE 14A (1), PREM14C (1), S-3 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) May 11, 2026
    Proxy statement (DEF 14A) Apr 9, 2026
    Latest 8-K (8-K) Jul 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareEEXNew York Stock Exchange

From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Emerald Holding, Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 40 risks under these headings, as written.5

  • Risks Relating to Our Industry and Macroeconomic Conditions
  • General political, economic and social conditions may have an adverse impact on the industry sectors in which our trade shows, conferences and other events operate and therefore may negatively affect demand for exhibition space and attendance at our trade shows, conferences and other events.
  • Inflationary pressures and fluctuations in interest rates relative to historical low interest rates could negatively impact demand for exhibition space, attendance at our tradeshows, conferences and events, and profitability.
  • Attendance at our shows could decline as a result of disruptions in global or local travel conditions, such as congestion at airports, natural disasters, adverse weather, including as a result of climate change, or outbreaks or fear of communicable diseases.
  • Increased spending on digital marketing and advertising, or other marketing channels, could reduce the amount spent on in-person trade shows.
  • Risks Relating to Our Business and Operations
  • Our inability to secure or retain desirable dates and locations for our trade shows could have a material effect on our business, financial condition, cash flows and results of operations.
  • The success of each of our trade shows depends on the strong reputation of that show’s brand, and damage to the reputation or negative publicity surrounding these brands could negatively impact our business, financial condition, cash flows and results of operations.
  • If we fail to attract leading exhibitors or high-quality attendees to our trade shows, we may lose the benefit of the self-reinforcing “network effect” that many of our shows enjoy today.
  • We may fail to accurately monitor or respond to changing market trends and adapt our trade show portfolio accordingly.
  • We may face increased competition from existing trade show operators or new competitors.
  • A significant portion of our revenue has historically been generated by a concentrated number of our top trade shows.
The other 30 risks
  • We may not fully realize the expected results and/or operating efficiencies associated with our strategic initiatives or restructuring programs, which may have an adverse impact on our business.
  • Our acquisition growth strategy entails risk and our future acquisitions may not be successful.
  • We have acquired, and intend to continue to acquire, trade shows that stage outside of the United States, which subjects us to costs and risks associated with international operations.
  • The acquisition of MJBiz may subject us to new and evolving regulatory, business and financial risks relating to the cannabis industry.
  • We rely on digital media and print publications to stay in close contact with, and market to, our existing event audiences.
  • A loss or disruption of the services from one or more of the limited number of outside contractors who specialize in decoration, facility set-up and other services in connection with our trade shows could harm our business.
  • The industry associations that sponsor and market certain of our trade shows could cease to do so effectively or could be replaced or supplemented by new industry associations who do not sponsor or market our trade shows.
  • We face risks associated with event cancellations or other interruptions to our business, which our insurance may not fully cover.
  • Failure to establish and maintain effective internal control over financial reporting could have a material adverse effect on our business and stock price.
  • We have identified in the past material weaknesses in our internal control over financial reporting. If we are unable to develop and maintain effective internal control over financial reporting, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us, materially and adversely affect our business and operating results, and expose us to potential litigation.
  • During 2024, we recorded noncash adjustments to our recorded asset balance for certain intangible assets, and we may be required to record further such adjustment in future periods that could significantly impact our operating results.
  • Changes in our income tax rates or other indirect taxes may affect our future financial results.
  • The loss of key management personnel or other company talent could have an adverse effect on our business.
  • Risks Relating to our Indebtedness
  • Our significant indebtedness could adversely affect our financial condition and limit our ability to raise additional capital to fund our operations.
  • Despite our current debt levels, we may incur substantially more indebtedness, which could further exacerbate the risks associated with our substantial leverage.
  • The covenants in our Second Amended and Restated Senior Secured Credit Facilities impose restrictions that may limit our operating and financial flexibility.
  • Regulatory and Technology Risks
  • We face continually evolving cybersecurity and similar risks, which could result in loss, disclosure, theft, destruction or misappropriation of, or access to, our confidential information and cause disruption to our business, damage to our brands and reputation, legal exposure and financial losses.
  • Our information technology systems, including our Enterprise Resource Planning (“ERP”) business management system, could be disrupted.
  • We are subject to governmental regulation including a variety of U.S. and international privacy and consumer protection laws, and any failure to comply with these regulations may have a material negative effect on our business and results of our operations.
  • We do not own certain of the trade shows and events that we operate or certain trademarks associated with some of our shows and therefore rely on ongoing license agreements with certain third parties.
  • The infringement or invalidation of proprietary rights could have an adverse effect on our business.
  • We use certain artificial intelligence (“AI”) technologies in our business, and challenges with properly managing their use could result in reputational harm, legal liability, and financial cost.
  • Risks Relating to Ownership of Our Securities
  • The price of our common stock has fluctuated substantially from time to time and may continue to fluctuate substantially in the future.
  • Because Onex controls the majority of our equity securities, it may control all major corporate decisions and its interests may conflict with the interests of other holders of our equity securities.
  • Future stock issuances or sales could adversely affect the market price of our common stock.
  • Our directors who have relationships with Onex may have conflicts of interest with respect to matters involving us.
  • We are a “controlled company” within the meaning of the rules of the New York Stock Exchange and, as a result, rely on exemptions from certain corporate governance requirements.
  • Anti-takeover provisions in our charter documents and Delaware law could discourage a change of control of our company or a change in our management.
  • We cannot assure you that we will continue to pay dividends on our common stock, and our indebtedness could limit our ability to pay dividends on our common stock.
  • Because we are a holding company with no operations of our own, we rely on dividends, distributions, and transfers of funds from our subsidiaries.

Legal proceedings

From time to time, we may be involved in general legal disputes arising in the ordinary course of our business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our business, financial condition, cash flows or results of operations. Refer to Note 16, Commitments and Contingencies, in the notes to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K for additional information regarding our legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

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