Distribution Solutions Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Distribution Solutions Group Inc reported revenue of $2.0B (+9.8% year on year) and net income of $8.3M (+213.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $2.0B | $1.8B | $1.6B | $1.2B |
| Cost of goods sold | $1.3B | $1.2B | $1.0B | $760.5M |
| Gross profit | $662.0M | $613.8M | $551.9M | $390.9M |
| Selling, general and administrative expenses | $583.8M | $557.8M | $508.9M | $349.1M |
| Operating income (loss) | $78.3M | $56.0M | $43.0M | $41.8M |
| Interest expense | ($55.4M) | ($55.1M) | ($42.8M) | ($24.3M) |
| Change in fair value of earnout liabilities | ($1.0M) | ($988.0K) | $758.0K | ($483.0K) |
| Other income (expense), net | ($2.5M) | ($358.0K) | ($3.0M) | ($670.0K) |
| Income (loss) before income taxes | $19.4M | ($536.0K) | ($2.0M) | $12.9M |
| Total | $11.1M | $6.8M | $7.0M | $5.5M |
| Basic income (loss) per share of common stock (in USD per share) | $0.18 | -$0.16 | -$0.20 | $0.43 |
| Diluted income (loss) per share of common stock (in USD per share) | $0.18 | -$0.16 | -$0.20 | $0.42 |
| Net income (loss) | $8.3M | ($7.3M) | ($9.0M) | $7.4M |
| Foreign currency translation adjustment | $16.8M | ($16.9M) | $4.9M | ($11.5M) |
| Other | $0 | $0 | ($120.0K) | $0 |
| Comprehensive income (loss) | $25.1M | ($24.3M) | ($4.2M) | ($4.1M) |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $557.7M | $496.0M | $518.0M | $502.4M |
| Cost of goods sold | $377.6M | $332.7M | $347.6M | $332.4M |
| Gross profit | $180.1M | $163.3M | $170.3M | $170.1M |
| Selling, general and administrative expenses | $152.3M | $149.7M | $146.7M | $143.3M |
| Operating income (loss) | $27.9M | $13.6M | $23.6M | $26.8M |
| Interest expense | ($13.0M) | ($12.2M) | ($14.0M) | ($14.2M) |
| Change in fair value of earnout liabilities | $0 | $0 | $0 | $0 |
| Other income (expense), net | ($486.0K) | ($702.0K) | ($1.3M) | ($726.0K) |
| Income (loss) before income taxes | $14.4M | $757.0K | $8.4M | $11.9M |
| Income tax expense (benefit) | $5.9M | $375.0K | $1.9M | $6.9M |
| Basic income (loss) per share of common stock (in USD per share) | $0.18 | $0.01 | $0.14 | $0.11 |
| Diluted income (loss) per share of common stock (in USD per share) | $0.18 | $0.01 | $0.14 | $0.11 |
| Net income (loss) | $8.5M | $382.0K | $6.5M | $5.0M |
| Foreign currency translation adjustment | ($3.9M) | ($4.0M) | ($3.9M) | $15.5M |
| Other | $0 | $0 | $0 | $0 |
| Comprehensive income (loss) | $4.6M | ($3.6M) | $2.6M | $20.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $61.8M | $66.5M | $83.9M | $24.6M |
| Restricted cash | $13.6M | $15.2M | $15.7M | $186.0K |
| Accounts receivable, less allowances of $6,472 and $2,416, respectively | $271.3M | $250.7M | $213.4M | $166.3M |
| Inventories | $353.4M | $348.2M | $316.0M | $264.4M |
| Prepaid expenses and other current assets | $46.9M | $31.5M | $28.3M | $22.8M |
| Total current assets | $746.9M | $712.2M | $657.3M | $478.2M |
| Property, plant and equipment, net | $126.6M | $125.5M | $113.8M | $64.4M |
| Rental equipment, net | $39.0M | $39.4M | $24.6M | $27.1M |
| Goodwill | $467.9M | $462.8M | $399.9M | $348.0M |
| Deferred tax asset, net | $1.2M | $136.0K | $95.0K | $189.0K |
| Intangible assets, net | $226.1M | $269.8M | $253.8M | $228.0M |
| Cash value of life insurance | $21.6M | $19.9M | $18.5M | $17.2M |
| Right of use operating lease assets | $111.1M | $92.0M | $76.3M | $46.8M |
| Other assets | $8.3M | $5.6M | $5.9M | $5.7M |
| Total assets | $1.7B | $1.7B | $1.6B | $1.2B |
| Accounts payable | $151.2M | $125.6M | $98.7M | $80.5M |
| Current portion of long-term debt | $35.5M | $40.5M | $32.6M | $16.4M |
| Current portion of lease liabilities | $20.6M | $19.0M | $13.5M | — |
| Accrued expenses and other current liabilities | $84.1M | $81.3M | $97.2M | $62.7M |
| Total current liabilities | $291.5M | $266.3M | $242.0M | $169.5M |
| Long-term debt, less current portion, net | $664.2M | $693.9M | $535.9M | $395.8M |
| Lease liabilities | $98.8M | $77.8M | $67.1M | — |
| Deferred tax liability, net | $20.1M | $22.3M | $18.3M | $23.8M |
| Other liabilities | $24.6M | $26.5M | $25.4M | $4.0M |
| Total liabilities | $1.1B | $1.1B | $888.7M | $652.6M |
| Preferred stock, $1 par value: Authorized - 500,000 shares, issued and outstanding - None | 0 | 0 | 0 | 0 |
| Common stock, $1 par value: Authorized - 70,000,000 shares Issued - 47,860,312 and 47,738,290 shares, respectively Outstanding - 46,180,700 and 46,856,757 shares, respectively | 46.2M | 46.9M | 46.8M | 19.4M |
| Capital in excess of par value | $686.2M | $677.5M | $671.2M | $591.8M |
| Retained deficit | ($33.7M) | ($42.0M) | ($34.7M) | ($25.7M) |
| Treasury stock - 1,679,612 and 881,533 shares, respectively | -44.0M | -19.6M | -16.4M | — |
| Accumulated other comprehensive income (loss) | ($5.3M) | ($22.1M) | ($5.2M) | ($10.0M) |
| Total stockholders’ equity | $649.3M | $640.5M | $661.6M | $563.0M |
| Total liabilities and stockholders’ equity | $1.7B | $1.7B | $1.6B | $1.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $66.9M | $52.7M | $69.2M | $47.4M |
| Restricted cash | $8.5M | $12.3M | $13.5M | $14.3M |
| Accounts receivable, less allowances of $8,027 and $6,472, respectively | $331.6M | $306.7M | $295.5M | $283.5M |
| Inventories | $378.7M | $373.5M | $345.2M | $350.3M |
| Prepaid expenses and other current assets | $45.9M | $45.7M | $43.0M | $45.4M |
| Total current assets | $831.8M | $790.9M | $766.4M | $740.9M |
| Property, plant and equipment, net | $124.4M | $126.8M | $126.5M | $127.1M |
| Rental equipment, net | $42.1M | $39.2M | $37.5M | $36.8M |
| Goodwill | $473.7M | $474.5M | $467.0M | $468.6M |
| Deferred tax asset, net | $1.1M | $2.2M | $372.0K | $159.0K |
| Intangible assets, net | $206.4M | $218.1M | $237.2M | $249.6M |
| Cash value of life insurance | $22.7M | $21.4M | $21.3M | $20.6M |
| Right of use operating lease assets | $107.6M | $108.9M | $105.3M | $103.3M |
| Other assets | $7.5M | $7.9M | $4.9M | $5.0M |
| Total assets | $1.8B | $1.8B | $1.8B | $1.8B |
| Accounts payable | $188.1M | $167.9M | $155.0M | $143.3M |
| Current portion of long-term debt | $35.8M | $35.4M | $42.5M | $41.4M |
| Current portion of lease liabilities | $21.3M | $20.9M | $20.3M | $19.1M |
| Accrued expenses and other current liabilities | $81.6M | $76.8M | $88.2M | $82.5M |
| Total current liabilities | $326.9M | $301.1M | $306.0M | $286.3M |
| Long-term debt, less current portion, net | $693.7M | $696.7M | $665.5M | $675.0M |
| Lease liabilities | $94.6M | $96.4M | $93.0M | $91.7M |
| Deferred tax liability, net | $20.9M | $22.5M | $23.5M | $24.1M |
| Other liabilities | $26.5M | $25.2M | $24.7M | $25.5M |
| Total liabilities | $1.2B | $1.1B | $1.1B | $1.1B |
| Preferred stock, $1 par value: Authorized - 500,000 shares, issued and outstanding — None | 0 | 0 | 0 | 0 |
| Common stock, $1 par value: Authorized - 70,000,000 shares Issued - and 47,860,312 shares, respectively Outstanding - and 46,180,700 shares, respectively | 46.2M | 46.2M | 46.3M | 46.3M |
| Capital in excess of par value | $690.7M | $688.6M | $683.9M | $681.8M |
| Retained deficit | ($24.8M) | ($33.3M) | ($27.3M) | ($33.8M) |
| Treasury stock – 1,685,772 and 1,679,612 shares, respectively | -44.2M | -44.1M | -40.1M | -39.9M |
| Accumulated other comprehensive income (loss) | ($13.3M) | ($9.3M) | ($8.9M) | ($5.0M) |
| Total stockholders’ equity | $654.7M | $648.1M | $653.9M | $649.4M |
| Total liabilities and stockholders’ equity | $1.8B | $1.8B | $1.8B | $1.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $8.3M | ($7.3M) | ($9.0M) | $7.4M |
| Depreciation and amortization | $80.9M | $74.4M | $63.6M | $45.2M |
| Amortization of debt issuance costs | $3.2M | $2.9M | $2.4M | $1.9M |
| Stock-based compensation | $6.7M | $5.2M | $7.9M | $2.4M |
| Compensation expense related to employee share purchases | $0 | $0 | $427.0K | — |
| Deferred income taxes | ($4.0M) | ($6.6M) | ($8.0M) | ($2.4M) |
| Change in fair value of earnout liabilities | $1.0M | $988.0K | ($758.0K) | $483.0K |
| (Gain) loss on sale of rental equipment | ($4.9M) | ($2.8M) | ($2.7M) | ($3.6M) |
| (Gain) loss on sale of property, plant and equipment | ($708.0K) | ($61.0K) | $294.0K | — |
| Charge for step-up of acquired inventory | $0 | $2.9M | $3.6M | $2.9M |
| Net realizable value adjustment and write-offs for obsolete and excess inventory | $7.3M | $6.6M | $9.0M | — |
| Bad debt expense | $4.4M | $863.0K | $784.0K | $795.0K |
| Accounts receivable | ($21.4M) | ($1.4M) | $18.0M | ($21.8M) |
| Inventories | ($7.2M) | ($9.2M) | ($1.2M) | ($42.4M) |
| Prepaid expenses and other current assets | ($18.2M) | ($869.0K) | $931.0K | ($1.9M) |
| Accounts payable | $23.6M | $11.3M | $3.0M | ($8.8M) |
| Accrued expenses and other current liabilities | $4.0M | ($21.3M) | $13.7M | $4.5M |
| Other changes in operating assets and liabilities | $871.0K | $867.0K | $259.0K | ($3.7M) |
| Net cash provided by (used in) operating activities | $83.8M | $56.5M | $102.3M | ($11.0M) |
| Purchases of property, plant and equipment | ($21.0M) | ($13.7M) | ($15.3M) | ($8.3M) |
| Proceeds from sale of property, plant and equipment | $990.0K | $3.7M | — | — |
| Business acquisitions, net of cash acquired | ($2.2M) | ($199.4M) | ($259.8M) | ($115.3M) |
| Asset acquisitions | $0 | ($15.9M) | — | — |
| Purchases of rental equipment | ($19.5M) | ($9.5M) | ($9.3M) | ($11.8M) |
| Proceeds from sale of rental equipment | $12.7M | $5.1M | $6.0M | $8.8M |
| Other | ($560.0K) | — | — | — |
| Net cash provided by (used in) investing activities | ($29.5M) | ($229.7M) | ($278.5M) | ($126.7M) |
| Proceeds from revolving lines of credit | $264.8M | $211.6M | $181.0M | $383.5M |
| Payments on revolving lines of credit | ($260.7M) | ($213.6M) | ($302.1M) | ($320.8M) |
| Proceeds from term loans | $700.0M | $200.0M | $305.0M | $445.6M |
| Payments on term loans | ($739.6M) | ($32.8M) | ($26.4M) | ($335.3M) |
| Deferred financing costs | ($4.6M) | ($2.1M) | ($3.4M) | ($12.0M) |
| Proceeds from rights offering, net of offering costs of $1,531 | $0 | $0 | $98.5M | — |
| Repurchase of common stock | ($23.8M) | ($2.6M) | ($3.6M) | ($1.9M) |
| Shares repurchased held in treasury | -614.0K | -617.0K | -287.0K | -520.0K |
| Proceeds from employees for share purchases | $0 | $0 | $3.3M | — |
| Stock option exercises | $877.0K | — | — | — |
| Payment of financing lease principal | ($600.0K) | ($653.0K) | ($515.0K) | ($429.0K) |
| Payment of earnout | $0 | $0 | ($1.0M) | — |
| Net cash provided by (used in) financing activities | ($64.3M) | $159.3M | $250.4M | $148.5M |
| Effect of exchange rate changes on cash and cash equivalents | $3.5M | ($4.0M) | $717.0K | ($675.0K) |
| Increase (decrease) in cash, cash equivalents and restricted cash | ($6.4M) | ($17.9M) | $74.9M | $10.1M |
| Cash, cash equivalents and restricted cash at beginning of period | $81.7M | $99.6M | $24.7M | $14.7M |
| Cash, cash equivalents and restricted cash at end of period | $75.3M | $81.7M | $99.6M | $24.7M |
| Cash and cash equivalents | $61.8M | $66.5M | $83.9M | $24.6M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $8.9M | $382.0K | $14.7M | $8.3M |
| Depreciation and amortization | $39.6M | $19.7M | $60.4M | $40.3M |
| Amortization of debt issuance costs | $879.0K | $439.0K | $2.6M | $1.8M |
| Stock-based compensation | $4.6M | $2.4M | $4.6M | $2.2M |
| Deferred income taxes | ($576.0K) | ($31.0K) | $975.0K | $1.8M |
| Change in fair value of earnout liabilities | $0 | $0 | $1.0M | $1.0M |
| (Gain) loss on sale of rental equipment | ($3.0M) | ($1.4M) | ($3.5M) | ($2.1M) |
| (Gain) loss on sale of property, plant and equipment | ($626.0K) | $80.0K | ($716.0K) | ($543.0K) |
| Charge for step-up of acquired inventory | $94.0K | $24.0K | $0 | $0 |
| Net realizable value adjustment and write-offs for obsolete and excess inventory | $2.7M | $1.1M | $5.7M | $4.9M |
| Bad debt expense | $2.0M | $1.0M | $3.5M | $2.1M |
| Accounts receivable | ($63.0M) | ($32.9M) | ($44.9M) | ($31.0M) |
| Inventories | ($29.5M) | ($21.3M) | $1.5M | ($1.5M) |
| Prepaid expenses and other current assets | $3.6M | $102.0K | $3.7M | ($16.4M) |
| Accounts payable | $37.2M | $16.3M | $27.6M | $15.6M |
| Accrued expenses and other current liabilities | ($2.0M) | ($5.9M) | ($10.3M) | $1.2M |
| Other changes in operating assets and liabilities | $763.0K | ($382.0K) | $152.0K | $946.0K |
| Net cash provided by (used in) operating activities | $1.6M | ($20.4M) | $66.9M | $28.5M |
| Purchases of property, plant and equipment | ($8.9M) | ($3.4M) | ($15.8M) | ($10.3M) |
| Proceeds from sale of property, plant and equipment | $826.0K | $0 | $990.0K | $990.0K |
| Business acquisitions, net of cash acquired | ($16.5M) | ($16.2M) | ($2.2M) | ($1.4M) |
| Purchases of rental equipment | ($11.7M) | ($5.5M) | ($12.8M) | ($7.2M) |
| Proceeds from sale of rental equipment | $6.6M | $3.3M | $9.4M | $5.9M |
| Net cash provided by (used in) investing activities | ($29.8M) | ($21.8M) | ($20.5M) | ($12.0M) |
| Proceeds from revolving lines of credit | $263.0M | $139.5M | $205.9M | $196.7M |
| Payments on revolving lines of credit | ($216.1M) | ($98.5M) | ($204.1M) | ($195.9M) |
| Payments on term loans | ($17.5M) | ($8.8M) | ($30.2M) | ($20.1M) |
| Deferred financing costs | $0 | — | $0 | — |
| Repurchase of common stock | $15.0K | $3.0K | ($20.3M) | ($20.3M) |
| Shares repurchased held in treasury | -178.0K | -70.0K | -252.0K | -45.0K |
| Stock option exercises | $0 | $0 | $877.0K | $877.0K |
| Payment of financing lease principal | ($329.0K) | ($159.0K) | ($445.0K) | ($296.0K) |
| Net cash provided by (used in) financing activities | $28.9M | $32.0M | ($48.4M) | ($39.1M) |
| Effect of exchange rate changes on cash and cash equivalents | ($526.0K) | ($192.0K) | $3.0M | $2.5M |
| Increase (decrease) in cash, cash equivalents and restricted cash | $154.0K | ($10.3M) | $974.0K | ($20.0M) |
| Cash, cash equivalents and restricted cash at beginning of period | $75.3M | $75.3M | $81.7M | $81.7M |
| Cash, cash equivalents and restricted cash at end of period | $75.5M | $65.0M | $82.7M | $61.8M |
| Cash and cash equivalents | $66.9M | $52.7M | $69.2M | $47.4M |
| Restricted cash | $8.5M | $12.3M | $13.5M | $14.3M |
| Total cash, cash equivalents and restricted cash | $75.5M | $65.0M | $82.7M | $61.8M |
| Net cash paid for income taxes | $6.5M | $2.3M | $12.6M | $9.9M |
| Net cash paid for interest | $23.7M | $11.2M | $40.3M | $26.8M |
| Net cash paid for interest on supply chain receivables financing | $1.2M | $443.0K | $2.1M | $1.4M |
| Additions of property, plant and equipment included in accounts payable | $595.0K | $281.0K | $536.0K | $317.0K |
| Right of use assets obtained in exchange for finance lease liabilities | $296.0K | $42.0K | $292.0K | $292.0K |
Distribution Solutions Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.