GMR Solutions Inc. — Form 8-K

GMR Solutions completed its IPO on May 14, 2026, raising $446.8M net proceeds through issuance of 31.9M Class A shares. The company used IPO proceeds and $500M in warrant proceeds to repay $670M of senior secured term loans and redeem all outstanding Series B preferred stock, strengthening its balance sheet. Q2 2026 revenue was $1,490.3M (+3.3% YoY), but net income fell to a loss of $28.3M (vs. $80.8M income in Q2 2025), largely due to a $74.3M unfavorable comparison from prior-year No Surprises Act claim collections and elevated IPO-related expenses ($12.7M). Adjusted EBITDA declined 11.8% to $284.5M. The company reaffirmed full-year 2026 guidance: $5,890M–$6,180M revenue and $1,135M–$1,195M Adjusted EBITDA.