公会控股有限公司2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period ended March 31, 2025OR ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period from _____________ to _____________Commission File Number: 001-39645 GUILD HOLDINGS COMPANY(Exact Name of Registrant as Specified in its Charter)_______________ 85-2453154 Delaware (I.R.S. EmployerIdentification No.) Registrant’s telephone number, including area code: (858) 560-6330_______________ Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on whichregistered Class A common stock, $0.01 parvalue per share Indicate by check mark whether the registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days. Yes☒No☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, a smaller reporting company, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Non-accelerated filer Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to usethe extended transition period for complying with any new or revised financial accounting standardsprovided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 ofthe Exchange Act). Yes☐No☒As of May 1, 2025, the registrant had 21,877,157 shares of Class A common stock outstandingand 40,333,019 shares of Class B common stock outstanding. Table of Contents GUILD HOLDINGS COMPANYTable of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS3Part I—FINANCIAL INFORMATION6Item 1. Financial Statements (Unaudited)6Condensed Consolidated Balance Sheets6Condensed Consolidated Statements of Operations7Condensed Consolidated Statements of Changes in Stockholders' Equity8Condensed Consolidated Statements of Cash Flows9Notes to Condensed Consolidated Financial Statements11Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations29Item 3. Quantitative and Qualitative Disclosures About Market Risk52Item 4. Controls and Procedures52Part II—OTHER INFORMATION53Item 1. Legal Proceedings53Item 1A. Risk Factors53Item 2. Unregistered Sales of Equity Securities and Use of Proceeds54Item 3. Defaults Upon Senior Securities54Item 4. Mine Safety Disclosures54Item 5. Other Information54Item 6. Exhibits55Signatures57 2 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Guild Holdings Company, a Delaware corporation, together with its subsidiaries, is referred toin this Quarterly Report on Form 10-Q (this “Quarterly Report”) as “Guild,” “we,” “us,” “our,” and the“Company.” This Quarterly Report contains forward-looking statements that reflect our current viewswith respect to, among other things, future events and our financial performance. These statementsare often, but not always, made through the use of words or phrases such as “may,” “should,”“could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,”“seek,” “estimate,” “intend,” “plan,” “projection,” “would” and “outlook,” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Theseforward-looking statements are not historical facts and are based on current expectations, estimatesand projections about our industry, management’s beliefs and certain assumptions made bymanagement, many of which, by their nature, are inherently uncertain and beyond our control.Accordingly, we caution you that any such forward-looking statements are not guarantees of futureperformance and are subject to risks, assumptions and uncertainties that are difficult to predict.Although we believe that the expectations reflected in these forward-looking statements arereasonable as of the date made, actual results, events or circumstances could differ materially fromthe results, events or circumstances expressed or implied by the forward-looking statements. Important factors that could cause our actual results to differ materially from those expressedor implied by these forward-looking statements inc