Forgent Power Solutions Inc (FPS) financial statements: income statement, balance sheet and cash flow
Forgent Power Solutions 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 (Jun 30, 2026 · FY), Forgent Power Solutions Inc reported revenue of $1.4B and net income of $106.0M.
Income statement
Forgent Power Solutions Inc income statement, fiscal years
Line item
Jun 30, 2026 · FY
Revenues
$1.4B
Cost of Revenues
$922.5M
Gross Profit
$497.6M
Selling, general and administrative expenses
$262.9M
Depreciation and amortization
$52.2M
Total Operating Expenses
$315.1M
Income from Operations
$182.5M
Interest expense
($57.1M)
Interest income
$2.8M
Other expense
($749.0K)
Total Other Expense, net
($55.1M)
Income (loss) before tax (expense) benefit
$127.4M
Income Tax Expense
($21.4M)
Net Income (Loss)
$106.0M
Less: net income (loss) attributable to non-controlling interests
$24.2M
Net Income (Loss) Attributable to Forgent Power Solutions, Inc.
$81.8M
Forgent Power Solutions Inc income statement, quarters
Line item
Mar 31, 2026 · Q3
Dec 31, 2025 · Q2
Revenues
$378.7M
$296.4M
Cost of Revenues
$247.5M
$194.6M
Gross Profit
$131.2M
$101.8M
Selling, general, and administrative expenses
$78.5M
$68.1M
Depreciation and amortization
$13.3M
$13.5M
Total Operating Expenses
$91.9M
$81.7M
Income from Operations
$39.3M
$20.1M
Interest expense
($10.8M)
($21.0M)
Interest income
$701.0K
$482.0K
Other expense
($319.0K)
($71.0K)
Total Other Expense, net
($10.5M)
($20.6M)
Income Before Tax Expense
$28.9M
($491.0K)
Income Tax Expense
($4.4M)
$400.0K
Net Income
$24.5M
($91.0K)
Less: net income attributable to non-controlling interests
$6.2M
($337.0K)
Net Income Attributable to Forgent Power Solutions, Inc.
$18.3M
$246.0K
Balance sheet
Forgent Power Solutions Inc balance sheet, fiscal years
Line item
Jun 30, 2026 · FY
Cash and cash equivalents
$97.5M
Accounts receivable, net
$329.6M
Inventory, net
$249.8M
Prepaid and other current assets
$141.2M
Total Current Assets
$818.1M
Property and equipment, net
$205.0M
Operating lease right of use assets, net
$108.4M
Goodwill
$516.6M
Other intangible assets, net
$289.5M
Deferred tax assets, net
$281.0M
Other assets
$12.2M
Total Assets
$2.2B
Accounts payable
$130.5M
Accrued expenses
$122.4M
Payables pursuant to the acquisitions
$0
Deferred revenue
$263.9M
Operating lease liabilities, current portion
$8.6M
Long-term debt, current portion
$6.0M
Total Current Liabilities
$531.3M
Long-term debt, net of discount and deferred financing costs, less current portion
$576.2M
Payable pursuant to the Tax Receivable Agreement
$338.9M
Deferred tax liabilities, net
$0
Operating lease liabilities, net of current portion
$113.0M
Total Liabilities
$1.6B
Common stock
$3.0K
Additional paid-in capital
$485.0M
Retained earnings
$79.3M
Total stockholder's Equity Attributable to Forgent Power Solutions, Inc.
$564.3M
Non-controlling interests
$107.1M
Total Stockholder's Equity
$671.4M
Total Member's Equity
$0
Total Liabilities and Stockholders' Equity / Members' Equity
$2.2B
Forgent Power Solutions Inc balance sheet, quarters
Line item
Mar 31, 2026
Dec 31, 2025
Cash and cash equivalents
$93.8M
$106.2M
Accounts receivable, net
$274.6M
$251.0M
Inventory, net
$179.5M
$160.5M
Prepaid and other current assets
$59.5M
$59.9M
Total Current Assets
$607.4M
$577.6M
Property and equipment, net
$179.4M
$157.6M
Operating lease right of use assets
$110.8M
$113.5M
Goodwill
$516.6M
$516.6M
Other intangible assets, net
$300.3M
$312.0M
Deferred tax assets
$131.7M
—
Other assets
$7.2M
$19.9M
Total Assets
$1.9B
$1.7B
Accounts payable
$104.7M
$72.5M
Accrued expenses
$116.6M
$106.1M
Payables pursuant to the acquisitions
$1.1M
$1.1M
Deferred revenue
$133.5M
$154.9M
Operating lease liabilities, current portion
$8.3M
$7.8M
Long-term debt, current portion
$6.0M
$4.5M
Total Current Liabilities
$370.2M
$346.9M
Long-term debt, net of discount and deferred financing costs, less current portion
$578.1M
$579.0M
Payable pursuant to the Tax Receivable Agreement
$207.3M
—
Deferred tax liability, net
$0
$64.2M
Operating lease liabilities, net of current portion
$115.1M
$117.5M
Total Liabilities
$1.3B
$1.1B
Common stock
$3.0K
—
Additional paid-in capital
$420.5M
—
Retained earnings
$26.0M
—
Total stockholder's Equity Attributable to Forgent Power Solutions, Inc.
$446.5M
—
Non-controlling interests
$136.1M
$204.0M
Total Stockholder's Equity
$582.6M
—
Total Member's Equity
$0
$589.5M
Total Liabilities and Stockholder’s Equity / Member's Equity
$1.9B
$1.7B
Cash flow statement
Forgent Power Solutions Inc cash flow statement, fiscal years
Line item
Jun 30, 2026 · FY
Net income (loss)
$106.0M
Depreciation and amortization
$66.9M
Amortization / write off of deferred financing costs
$13.0M
Deferred taxes
$14.6M
Provision (recovery) for credit losses
$3.0M
Provision for excess or obsolete inventory
$10.7M
Equity-based compensation
$10.0M
Reduction in carrying amount of ROU asset, operating leases
$9.3M
Accounts receivable
($172.7M)
Inventory
($142.9M)
Prepaid and other assets
($66.5M)
Accounts payable
$68.5M
Accrued expenses
$42.8M
Deferred revenue
$153.0M
Lease liabilities, operating leases
($6.8M)
Net Cash Provided by (Used in) Operating Activities
$109.1M
Purchases of property and equipment
($115.9M)
Acquisitions, net of cash acquired
$0
Net Cash Used in Investing Activities
($115.9M)
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions
$491.8M
Purchase of OpCo LLC Interests from Existing Shareholders
($1.5B)
Proceeds from issuance of Class A common stock sold in follow-on offerings, net of underwriting discounts and commissions
$1.0B
Proceeds from long-term debt
$594.0M
Payments on long-term debt
($512.6M)
Debt financing costs
($13.5M)
Line of credit, net
$0
Distributions to stockholders/members
($1.4M)
Distribution to non-controlling Opco LLC Interests
($8.6M)
Payment of payables pursuant to the acquisitions
($17.2M)
Capital contributions
$0
Deferred offering costs
($23.5M)
Net Cash Provided by (Used in) Financing Activities
$17.2M
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash
$10.4M
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period
$111.3M
Cash, Cash Equivalents, and Restricted Cash - End of Period
$121.7M
Cash paid for interest
$48.2M
Cash paid for taxes
$13.7M
Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock
$356.6M
Recording of amounts payable pursuant to tax receivable agreement
$338.9M
Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock
$2.3M
Reclassification of deferred offering costs to additional paid-in capital
$4.5M
Equity issued for Acquisitions
$0
Deferred taxes related to reallocation of members' equity
$0
Payables pursuant to Acquisitions
$0
Forgent Power Solutions Inc cash flow statement, quarters
Line item
Mar 31, 2026 · YTD
Dec 31, 2025 · YTD
Net income
$39.9M
$15.5M
Depreciation and amortization
$50.4M
$32.3M
Amortization / write off of discounts and deferred financing costs
$11.7M
$11.0M
Deferred taxes
$3.6M
$847.0K
Provision (recovery) for credit losses
$1.6M
$479.0K
Provision for slowing-moving and excess inventory
$3.9M
$2.4M
Equity-based compensation
$5.5M
$2.2M
Reduction in carrying amount of ROU asset, operating leases
$7.0M
$4.3M
Accounts receivable
($116.2M)
($91.5M)
Inventory
($65.8M)
($45.3M)
Prepaid and other assets
($4.0M)
($4.3M)
Accounts payable
$42.8M
$10.6M
Accrued expenses
$37.1M
$26.6M
Deferred revenue
$22.6M
$44.0M
Lease liabilities, operating leases
($4.9M)
($3.1M)
Net Cash Provided by Operating Activities
$35.2M
$6.0M
Purchases of property and equipment
($84.6M)
($56.4M)
Net Cash Used in Investing Activities
($84.6M)
($56.4M)
Proceeds from issuance of Class A common stock, net of underwriting discounts and commissions
$491.8M
—
Purchase of OpCo LLC Interests from Existing Shareholders
($800.4M)
—
Proceeds from issuance of Class A common stock sold in follow-on offering, net of underwriting discounts and commissions
$308.6M
—
Proceeds from long-term debt
$594.0M
$594.0M
Payments on long-term debt
($511.1M)
($511.1M)
Debt financing costs
($11.8M)
($11.8M)
Distribution to member
($1.4M)
($1.4M)
Payment of payable pursuant to the acquisitions
($16.1M)
($16.1M)
Deferred offering costs
($21.6M)
($8.3M)
Net Cash Provided by (Used in) Financing Activities
$31.9M
$45.2M
Net Decrease in Cash and Cash Equivalents
($17.5M)
($5.2M)
Cash and Cash Equivalents - Beginning of Period
$111.3M
$111.3M
Cash and Cash Equivalents - End of Period
$93.8M
$106.2M
Cash paid for interest
$34.5M
$27.3M
Cash paid for taxes
$2.0M
$1.5M
Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock
$196.3M
—
Recording of amounts payable pursuant to tax receivable agreement
$207.3M
—
Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock
$8.6M
—
Reclassification of deferred offering costs to additional paid-in capital