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Emerald Holding, Inc. (EEX) Fundamental Analysis & AI Grade 2026

EEX NYSE Services-Business Services, NEC DE CIK: 0001579214
Updated This Month • Analysis: May 12, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
81% Confidence
STRONG AGREEMENT
C
78% Conf
C
84% Conf

📊 EEX Key Takeaways

Revenue: $155.4M
Net Margin: 4.6%
Free Cash Flow: $28.5M
Current Ratio: 0.91x
Debt/Equity: 1.64x
EPS: $0.04
AI Grade: C with 78% confidence
Emerald Holding, Inc. (EEX) receives a C fundamental grade with 81% confidence from our AI analysis based on SEC 10-K filings. With revenue of $155.4M, net profit margin of 4.6%, and return on equity (ROE) of 2.1%, Emerald Holding, Inc. demonstrates mixed fundamentals in the Services sector. Below is our complete EEX stock analysis for 2026.

Is Emerald Holding, Inc. (EEX) a Good Investment?

Claude

Emerald Holding faces structural headwinds with flat revenue growth and a dramatic 114.3% EPS decline despite marginally positive net income, suggesting per-share value destruction. While strong free cash flow generation (18.3% FCF margin) provides temporary relief, the current ratio of 0.91x signals liquidity stress, and elevated debt leverage (1.64x D/E) limits financial flexibility to weather industry challenges.

ChatGPT

Emerald Holding shows weak fundamental quality: revenue was flat, operating margin was thin at 4.9%, and the company remained loss-making with negative ROE and ROA. While the business still generates positive operating cash flow and free cash flow, leverage is elevated, liquidity is tight, and interest coverage of just 0.5x suggests meaningful balance sheet pressure unless earnings improve.

Emerald Holding, Inc. Key Strengths (EEX)

Claude
  • + Strong free cash flow generation ($28.5M annually, 18.3% FCF margin)
  • + Positive operating cash flow conversion with minimal capital intensity
  • + Maintains positive operating income ($19.5M, 12.5% margin) and modest profitability
ChatGPT
  • + Positive operating cash flow and free cash flow generation
  • + Asset-light model with very low capital expenditure needs
  • + Positive operating income despite a soft profitability profile

EEX Stock Risks: Emerald Holding, Inc. Investment Risks

Claude
  • ! Complete revenue stagnation (0% YoY growth) indicates business momentum loss
  • ! Current ratio below 1.0 (0.91x) suggests near-term liquidity constraints and covenant risk
  • ! Catastrophic 114.3% EPS decline signals per-share value destruction despite positive net income
  • ! Elevated leverage (1.64x D/E) with weak interest coverage (2.1x) limits debt servicing cushion
  • ! Abysmal capital efficiency with ROE of 2.1% and ROA of 0.6% indicates poor asset deployment
ChatGPT
  • ! Flat revenue indicates limited growth momentum
  • ! Net losses and negative returns on equity and assets reflect weak profitability
  • ! High leverage, sub-1.0 current ratio, and very low interest coverage create financial health risk

Key Metrics to Watch

Claude
  • * Revenue growth trend and segment performance drivers
  • * Current ratio trajectory and working capital management
  • * Debt refinancing activity and interest expense trends
  • * Operating cash flow sustainability absent capital intensity changes
ChatGPT
  • * Interest coverage and debt reduction progress
  • * Revenue growth and operating margin expansion

Emerald Holding, Inc. (EEX) Financial Metrics & Key Ratios

Revenue
$155.4M
Net Income
$7.2M
EPS (Diluted)
$0.04
Free Cash Flow
$28.5M
Total Assets
$1.2B
Cash Position
$121.1M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

EEX Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 12.5%
Net Margin 4.6%
ROE 2.1%
ROA 0.6%
FCF Margin 18.3%

EEX vs Services Sector: How Emerald Holding, Inc. Compares

How Emerald Holding, Inc. compares to Services sector averages

Net Margin
EEX 4.6%
vs
Sector Avg 10.0%
EEX Sector
ROE
EEX 2.1%
vs
Sector Avg 16.0%
EEX Sector
Current Ratio
EEX 0.9x
vs
Sector Avg 1.5x
EEX Sector
Debt/Equity
EEX 1.6x
vs
Sector Avg 0.7x
EEX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Emerald Holding, Inc. Stock Overvalued? EEX Valuation Analysis 2026

Based on fundamental analysis, Emerald Holding, Inc. shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
2.1%
Sector avg: 16%
Net Profit Margin
4.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.64x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Emerald Holding, Inc. Balance Sheet: EEX Debt, Cash & Liquidity

Current Ratio
0.91x
Quick Ratio
0.91x
Debt/Equity
1.64x
Debt/Assets
72.8%
Interest Coverage
2.07x
Long-term Debt
$554.7M

EEX Revenue & Earnings Growth: 5-Year Financial Trend

EEX 5-year financial data: Year 2021: Revenue $360.9M, Net Income N/A, EPS $-0.70. Year 2022: Revenue $325.9M, Net Income N/A, EPS $-9.09. Year 2023: Revenue $382.8M, Net Income N/A, EPS $-1.62. Year 2024: Revenue $398.8M, Net Income N/A, EPS $0.46. Year 2025: Revenue $463.4M, Net Income -$8.2M, EPS $-0.78.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Emerald Holding, Inc.'s revenue has grown significantly by 28% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.78 indicates the company is currently unprofitable.

EEX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
18.3%
Free cash flow / Revenue

EEX Quarterly Earnings & Performance

Quarterly financial performance data for Emerald Holding, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $147.7M $7.2M $0.04
Q3 2025 $72.6M -$500.0K $0.00
Q2 2025 $86.0M -$1.4M $-0.01
Q1 2025 $133.4M N/A $0.00
Q3 2024 $72.5M N/A $0.00
Q2 2024 $86.0M N/A $-0.03
Q1 2024 $122.3M N/A $0.00
Q3 2023 $62.4M N/A $0.00

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Emerald Holding, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$28.7M
Cash generated from operations
Capital Expenditures
$200.0K
Investment in assets
Dividends
None
No dividend program

EEX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Emerald Holding, Inc. (CIK: 0001579214)

📋 Recent SEC Filings

Date Form Document Action
May 26, 2026 8-K eex-20260521.htm View →
May 11, 2026 10-Q eex-20260331.htm View →
May 11, 2026 8-K d22741d8k.htm View →
Apr 9, 2026 DEF 14A eex-20260407.htm View →
Mar 13, 2026 10-K eex-20251231.htm View →

Frequently Asked Questions about EEX

What is the AI rating for EEX?

Emerald Holding, Inc. (EEX) has a Combined AI Grade of C from Claude (C) and ChatGPT (C) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are EEX's key strengths?

Claude: Strong free cash flow generation ($28.5M annually, 18.3% FCF margin). Positive operating cash flow conversion with minimal capital intensity. ChatGPT: Positive operating cash flow and free cash flow generation. Asset-light model with very low capital expenditure needs.

What are the risks of investing in EEX?

Claude: Complete revenue stagnation (0% YoY growth) indicates business momentum loss. Current ratio below 1.0 (0.91x) suggests near-term liquidity constraints and covenant risk. ChatGPT: Flat revenue indicates limited growth momentum. Net losses and negative returns on equity and assets reflect weak profitability.

What is EEX's revenue and growth?

Emerald Holding, Inc. reported revenue of $155.4M.

Does EEX pay dividends?

Emerald Holding, Inc. does not currently pay dividends.

Where can I find EEX SEC filings?

Official SEC filings for Emerald Holding, Inc. (CIK: 0001579214) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is EEX's EPS?

Emerald Holding, Inc. has a diluted EPS of $0.04.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is EEX's fundamental grade?

Based on our AI fundamental analysis in June 2026, Emerald Holding, Inc. has a C grade with 81% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is EEX stock overvalued or undervalued?

Valuation metrics for EEX: ROE of 2.1% (sector avg: 16%), net margin of 4.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is EEX's AI grade for 2026?

Our dual AI analysis gives Emerald Holding, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is EEX's free cash flow?

Emerald Holding, Inc.'s operating cash flow is $28.7M, with capital expenditures of $200.0K. FCF margin is 18.3%.

How does EEX compare to other Services stocks?

Vs Services sector averages: Net margin 4.6% (avg: 10%), ROE 2.1% (avg: 16%), current ratio 0.91 (avg: 1.5).

Is Emerald Holding, Inc. carrying too much debt?

EEX has a debt-to-equity ratio of 1.64x, which is above the Services sector average of 0.7x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 12, 2026 | Data as of: 2026-03-31 | Powered by Claude AI