Private company
Emerald Holding, Inc.
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.4 From its latest annual report
Last updated Oct 19, 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.4 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 margin5
-6.6%Net margin5
16.2%Revenue growth, 20255
-9.1%Return on equity5
$41.4MFree cash flow5
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.5 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.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $360.9M6 | $127.4M7 | $145.5M8 | $325.9M9 | $382.8M5 | $398.8M5 | $463.4M5 |
| Cost of revenue | $120.2M10 | ||||||
| Selling, general and admin | $133.4M6 | $118.6M7 | $143.0M8 | $145.0M9 | $168.3M5 | $170.4M5 | $241.2M5 |
| Operating income | -$24.7M6 | -$670.6M7 | -$64.7M8 | $179.8M9 | $34.7M5 | $46.8M5 | $22.5M5 |
| Income before tax | -$81.0M8 | $158.0M9 | -$2.9M5 | $7.5M5 | -$21.6M5 | ||
| Income tax | -$5.0M6 | -$57.6M7 | -$1.3M8 | $27.2M9 | $5.3M5 | $5.3M5 | $9.1M5 |
| Net income | -$50.0M10 | -$633.6M7 | -$79.7M8 | $130.8M9 | -$8.2M5 | $2.2M5 | -$30.7M5 |
| Earnings per share | -$0.706 | -$9.097 | -$1.628 | $0.469 | -$0.785 | -$0.075 | -$0.155 |
| Earnings per share (diluted) | -$0.706 | -$9.097 | -$1.628 | $0.469 | -$0.785 | -$0.075 | -$0.155 |
| Shares (weighted, basic) | 71.3M shares8 | 69.0M shares9 | 64.0M shares5 | 156.6M shares5 | 198.7M shares5 | ||
| Shares (weighted, diluted) | 71.3M shares8 | 69.1M shares9 | 64.0M shares5 | 156.6M shares5 | 198.7M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $9.6M14 | $295.3M6 | $231.2M7 | $239.1M8 | $204.2M9 | $194.8M5 | $100.9M5 |
| Receivables | $42.2M7 | $53.3M8 | $54.7M9 | $57.5M5 | $76.0M5 | ||
| Current assets | $93.7M14 | $352.3M6 | $290.1M7 | $331.8M8 | $310.9M9 | $306.9M5 | $235.3M5 |
| Property, plant and equipment | $3.7M7 | $2.2M8 | $1.5M9 | $1.8M5 | $2.1M5 | ||
| Goodwill | $514.2M8 | $545.5M9 | $553.9M5 | $573.8M5 | $783.6M5 | ||
| Intangible assets | $236.7M7 | $204.8M8 | $175.1M9 | $155.9M5 | $181.4M5 | ||
| Total assets | $1.5B14 | $1.1B6 | $1.1B7 | $1.1B8 | $1.1B9 | $1.0B5 | $1.2B5 |
| Current liabilities | $229.3M14 | $115.6M6 | $191.7M7 | $222.2M8 | $230.1M9 | $241.3M5 | $288.7M5 |
| Total liabilities | $831.5M14 | $659.9M6 | $749.5M7 | $659.1M8 | $649.3M9 | $662.8M5 | $874.0M5 |
| Retained earnings | -$774.9M7 | -$644.1M8 | -$652.3M9 | -$650.1M5 | -$680.8M5 | ||
| Shareholders’ equity | $640.2M7 | -$3.8M8 | -$121.0M9 | -$33.1M5 | -$92.5M5 | $385.9M5 | $338.8M5 |
| Shares outstanding | 71.4M shares14 | 72.2M shares6 | 70.0M shares7 | 67.6M shares8 | 62.9M shares9 | 201.4M shares5 | 197.7M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $67.8M6 | -$37.1M7 | $90.0M8 | $175.1M9 | $40.3M5 | $46.8M5 | $42.6M5 |
| Depreciation and amortization | $47.6M8 | $59.5M9 | $45.0M5 | $28.3M5 | $31.0M5 | ||
| Stock-based compensation | $10.4M8 | $5.8M9 | $7.8M5 | $5.8M5 | $11.3M5 | ||
| Capital spending | $1.6M6 | $900.0K7 | $1.5M8 | $1.8M9 | $600.0K5 | $1.3M5 | $1.2M5 |
| Free cash flow | $66.2M | -$38.0M | $88.5M | $173.3M | $39.7M | $45.5M | $41.4M |
| Cash from investing | -$131.9M8 | -$47.9M9 | -$21.0M5 | -$25.0M5 | -$203.2M5 | ||
| Dividends paid | $21.3M6 | $5.4M7 | $08 | $09 | $05 | $6.1M5 | $11.9M5 |
| Share buybacks | $8.3M6 | $900.0K7 | $12.4M8 | $10.4M9 | $16.9M5 | $13.8M5 | $17.5M5 |
| Cash from financing | -$22.2M8 | -$119.3M9 | -$54.2M5 | -$31.2M5 | $67.1M5 |
Leadership
Who has led Emerald Holding, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
20202025
- Chief executive officerHerve Sedky Jan 6, 2021 to now15
- Chief executive officerBrian Field Feb 19, 2020 to Nov 20, 202016
- Chief executive officerPhilip Evans Mar 18, 2019 to Mar 18, 201917
- Chief executive officerSally Shankland Jun 5, 2019 to Jun 5, 201918
- Chief executive officerDavid Loechner Apr 28, 2017 to Nov 13, 201819
- PresidentIssa Jouaneh Nov 8, 2022 to now20
- PresidentHerve Sedky Jan 6, 2021 to Nov 8, 202215
- PresidentBrian Field Feb 19, 2020 to Nov 20, 202016
- PresidentPhilip Evans Mar 18, 2019 to Mar 18, 201917
- PresidentSally Shankland Jun 5, 2019 to Jun 5, 201918
- PresidentDavid Loechner Apr 28, 2017 to Nov 13, 201819
- Chief financial officerDavid B. Doft Feb 19, 2020 to now21
- Chief financial officerPhilip Evans Apr 28, 2017 to Jan 27, 202022
- Chief operating officerBrian Field Jun 3, 2019 to Feb 16, 202423
Board members and other officers (29)
- EVP, Content & CommerceDanielle Puceta Nov 8, 2022 to now24
- Senior AdvisorSally Shankland Feb 19, 2020 to Feb 19, 202025
- Executive Vice PresidentBrian Pagel Aug 8, 2019 to Aug 8, 201926
- Executive Vice PresidentGannon Brousseau Aug 8, 2019 to Aug 8, 201927
- Executive Vice PresidentJessica Blue Aug 20, 2019 to Aug 20, 201928
- Executive Vice PresidentAmy Sklar Sep 3, 2019 to Sep 3, 201929
- Executive Vice PresidentLori Silva Sep 3, 2019 to Sep 3, 201930
- Executive Vice PresidentChristopher McCabe Apr 28, 2017 to Apr 27, 201831
- Executive Vice PresidentDarrell C. Denny Apr 28, 2017 to May 9, 201932
- SVP, GC & SecretaryDavid Gosling Apr 28, 2017 to Mar 19, 202033
- Executive Vice PresidentEric Lisman Apr 28, 2017 to Jan 27, 202034
- Executive Vice PresidentJoseph Randall Apr 28, 2017 to Mar 18, 201935
- Executive Vice PresidentKaralynn Sprouse Apr 28, 2017 to May 13, 201936
- SVP - OperationsLori Jenks Apr 28, 2017 to Jan 24, 201937
- Chief Information OfficerWilliam Charles Apr 28, 2017 to Mar 15, 202338
- Board memberAnthony Munk May 8, 2020 to now39
- Board memberLynda M. Clarizio Aug 7, 2020 to now40
- Board memberSally Shankland Apr 25, 2019 to Feb 19, 202041
- Board memberEmmanuelle Skala Jan 19, 2018 to now42
- Board memberLisa Klinger Apr 12, 2018 to now43
- Board memberAmir Motamedi Apr 28, 2017 to Apr 5, 201844
- Board memberDavid Loechner Apr 28, 2017 to Nov 13, 201819
- Board memberJeffrey G. Naylor Apr 28, 2017 to Feb 22, 202145
- Board memberKosty Gilis Apr 28, 2017 to now46
- Board memberMichael Alicea Apr 28, 2017 to now47
- Board memberTodd S. Hyatt Apr 28, 2017 to now48
- General counselSara Altschul May 24, 2024 to now49
- General counselStacey Sayetta Nov 19, 2021 to Mar 3, 202350
- General counselMitchell Gendel May 11, 2020 to May 4, 202151
Former names
Timeline
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:
- Jul 24, 202615-12G EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 20264 PRIMARY DOCUMENT EDGAR
- Jul 14, 2026SCHEDULE 13D/A EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jul 14, 2026S-8 POS EDGAR
- Jul 14, 2026S-8 POS EDGAR
- Jul 14, 2026S-8 POS EDGAR
- Jul 14, 2026S-8 POS EDGAR
- 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 9, 2025 | Jouaneh IssaPresident, Connections Group | Buy | 10,000 | $4.78 | $47.8K | Form 4 |
| Nov 7, 2022 | Field BrianChief Operating Officer | Buy | 2,900 | $3.67 | $10.6K | Form 4 |
| Aug 10, 2022 | Levin David SaulDirector | Buy | 12,400 | $3.56 | $44.1K | Form 4 |
| May 11, 2022 | Levin David SaulDirector | Buy | 40,400 | $2.99 | $120.8K | Form 4 |
| Mar 16, 2022 | Charles WilliamChief Information Officer | Sale | 2,512 | $3.48 | $8.7K | Form 4 |
| Mar 10, 2022 | Charles WilliamChief Information Officer | Sale | 4,643 | $3.60 | $16.7K | Form 4 |
| Mar 1, 2022 | Levin David SaulDirector | Buy | 8,500 | $3.57 | $30.3K | Form 4 |
| Feb 28, 2022 | Levin David SaulDirector | Buy | 20,000 | $3.67 | $73.4K | Form 4 |
| Nov 3, 2021 | Charles WilliamChief Information Officer | Sale | 21,058 | $4.72 | $99.3K | Form 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.
- Onex CorporationSCHEDULE 13D/A, 5 filings Jan 2, 2024 to Jul 14, 202652
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Apr 10, 202353
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARHerve Sedky, Chief executive officer
- 16SEC EDGARBrian Field, Chief executive officer
- 17
- 18
- 19
- 20SEC EDGARIssa Jouaneh, President
- 21
- 22
- 23SEC EDGARBrian Field, Chief operating officer
- 24
- 25SEC EDGARSally Shankland, Senior Advisor
- 26
- 27
- 28
- 29SEC EDGARAmy Sklar, Executive Vice President
- 30SEC EDGARLori Silva, Executive Vice President
- 31
- 32
- 33SEC EDGARDavid Gosling, SVP, GC & Secretary
- 34
- 35
- 36
- 37SEC EDGARLori Jenks, SVP - Operations
- 38
- 39SEC EDGARAnthony Munk, Board member
- 40SEC EDGARLynda M. Clarizio, Board member
- 41SEC EDGARSally Shankland, Board member
- 42SEC EDGAREmmanuelle Skala, Board member
- 43SEC EDGARLisa Klinger, Board member
- 44SEC EDGARAmir Motamedi, Board member
- 45SEC EDGARJeffrey G. Naylor, Board member
- 46SEC EDGARKosty Gilis, Board member
- 47SEC EDGARMichael Alicea, Board member
- 48SEC EDGARTodd S. Hyatt, Board member
- 49SEC EDGARSara Altschul, General counsel
- 50SEC EDGARStacey Sayetta, General counsel
- 51SEC EDGARMitchell Gendel, General counsel
- 52
- 53