Global Industrial Co (GIC) financial statements: income statement, balance sheet and cash flow
Global Industrial Co'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), Global Industrial Co reported revenue of $1.4B (+4.8% year on year) and net income of $72.1M (+18.2% year on year).
Income statement
Global Industrial Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$1.4B
$1.3B
$1.3B
$1.2B
Cost of sales
$888.9M
$863.9M
$838.5M
$744.9M
Gross profit
$490.2M
$452.0M
$435.8M
$421.2M
Selling, general and administrative expenses
$392.6M
$371.5M
$339.3M
$316.0M
Operating income from continuing operations
$97.6M
$80.5M
$96.5M
$105.2M
Foreign currency exchange (income) loss
($100.0K)
$500.0K
$200.0K
$300.0K
Interest and other expense
$100.0K
$200.0K
$1.1M
$1.1M
Income from continuing operations before income taxes
$97.6M
$79.8M
$95.2M
$103.8M
Provision for income taxes
$25.6M
$19.1M
$24.5M
$25.7M
Net income from continuing operations
$72.0M
$60.7M
$70.7M
$78.1M
Income from discontinued operations, net of tax
$100.0K
$300.0K
$0
$700.0K
Net income
$72.1M
$61.0M
$70.7M
$78.8M
Basic (in dollars per share)
$0.00
$0.01
$0.00
$0.02
Diluted (in dollars per share)
$0.00
$0.01
$0.00
$0.02
Basic (in dollars per share)
$1.86
$1.58
$1.85
$2.05
Diluted (in dollars per share)
$1.85
$1.57
$1.84
$2.04
Basic (in shares)
38.4M
38.3M
38.1M
38.0M
Diluted (in shares)
38.4M
38.4M
38.2M
38.1M
Dividends declared (in dollars per share)
$1.04
$1.00
$0.80
$0.72
Global Industrial Co income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$386.6M
$350.4M
$353.6M
$358.9M
Cost of sales
$231.2M
$228.5M
$227.6M
$225.9M
Gross profit
$155.4M
$121.9M
$126.0M
$133.0M
Selling, general & administrative expenses
$106.1M
$101.3M
$99.7M
$99.5M
Operating income from continuing operations
$49.3M
$20.6M
$26.3M
$33.5M
Interest and other (income) expense, net
($1.0M)
($100.0K)
$200.0K
($300.0K)
Income from continuing operations before income taxes
$50.3M
$20.7M
$26.1M
$33.8M
Provision for income taxes
$13.2M
$5.4M
$7.3M
$8.7M
Net income from continuing operations
$37.1M
$15.3M
$18.8M
$25.1M
Net income from discontinued operations, net of tax
$0
$1.3M
$0
$0
Net income
$37.1M
$16.6M
$18.8M
$25.1M
Basic (in dollars per share)
$0.00
$0.03
$0.00
$0.00
Diluted (in dollars per share)
$0.00
$0.03
$0.00
$0.00
Basic (in dollars per share)
$0.96
$0.39
$0.48
$0.65
Diluted (in dollars per share)
$0.96
$0.39
$0.48
$0.65
Basic (in shares)
38.2M
38.2M
38.4M
38.4M
Diluted (in shares)
38.2M
38.3M
38.5M
38.4M
Dividends declared (in dollars per share)
$0.28
$0.28
$0.26
$0.26
Balance sheet
Global Industrial Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$67.5M
$44.6M
$34.4M
$28.5M
Accounts receivable, (net of allowance for credit losses of $2.3 and $2.8, respectively)
$139.6M
$126.5M
$130.7M
$108.0M
Inventories
$174.6M
$167.1M
$150.8M
$179.4M
Prepaid expenses and other current assets
$14.8M
$14.4M
$13.9M
$9.8M
Total current assets
$396.5M
$352.6M
$329.8M
$325.7M
Property, plant and equipment, net
$18.5M
$19.1M
$20.0M
$21.0M
Operating lease right-of-use assets
$91.8M
$72.7M
$84.4M
$90.3M
Deferred income taxes
$7.4M
$8.1M
$7.9M
$9.9M
Goodwill and intangibles
$64.3M
$65.7M
$69.3M
—
Other assets
$2.3M
$2.5M
$2.0M
—
Total assets
$580.8M
$520.7M
$513.4M
$455.2M
Accounts payable
$108.7M
$106.5M
$111.0M
$96.9M
Accrued expenses and other current liabilities
$53.7M
$47.8M
$49.1M
$43.2M
Operating lease liabilities
$16.1M
$14.1M
$14.1M
$12.4M
Total current liabilities
$178.5M
$168.4M
$174.2M
$153.1M
Operating lease liabilities
$87.5M
$69.0M
$81.4M
$89.1M
Other liabilities
$1.6M
$2.2M
$2.6M
$2.6M
Total liabilities
$267.6M
$239.6M
$258.2M
$244.8M
Preferred stock, par value $.01 per share, authorized 25 million shares; issued none
$0.00
$0.00
$0.00
$0.00
Common stock, par value $0.01 per share, authorized 150 million shares; issued 39,248,275 and 39,178,283 shares; outstanding 38,198,641 and 38,230,328 shares
$400000.00
$400000.00
$400000.00
$400000.00
Additional paid-in capital
$212.8M
$207.5M
$204.8M
$201.2M
Treasury stock at cost —1,049,634 and 947,955 shares
-22.1M
-16.8M
-18.6M
-19.5M
Retained earnings
$120.3M
$88.6M
$66.0M
$25.9M
Accumulated other comprehensive income
$1.8M
$1.4M
$2.6M
$2.4M
Total shareholders’ equity
$313.2M
$281.1M
$255.2M
$210.4M
Total liabilities and shareholders’ equity
$580.8M
$520.7M
$513.4M
$455.2M
Global Industrial Co balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$86.7M
$61.7M
$67.2M
$55.1M
Accounts receivable, net
$186.8M
$149.9M
$149.1M
$156.8M
Inventories
$163.6M
$177.4M
$174.6M
$171.2M
Prepaid expenses and other current assets
$12.2M
$13.7M
$13.3M
$10.9M
Total current assets
$449.3M
$402.7M
$404.2M
$394.0M
Property, plant and equipment, net
$17.8M
$18.1M
$18.8M
$19.4M
Operating lease right-of-use assets
$88.7M
$87.4M
$103.7M
$96.2M
Deferred income taxes
$7.4M
$7.2M
$8.2M
$8.5M
Goodwill and intangible assets
$62.7M
$63.5M
$65.1M
$65.9M
Other assets
$2.5M
$2.2M
$2.5M
$2.5M
Total assets
$628.4M
$581.1M
$602.5M
$586.5M
Accounts payable
$120.3M
$101.9M
$112.0M
$115.0M
Accrued expenses and other current liabilities
$65.6M
$59.2M
$57.8M
$57.4M
Operating lease liabilities
$14.4M
$15.9M
$14.9M
$14.9M
Total current liabilities
$200.3M
$177.0M
$184.7M
$187.3M
Operating lease liabilities
$84.5M
$83.3M
$100.1M
$92.1M
Other liabilities
$900.0K
$900.0K
$1.7M
$1.9M
Total liabilities
$285.7M
$261.2M
$286.5M
$281.3M
Preferred stock, par value $0.01 per share, authorized 25 million shares; issued none
$0.00
$0.00
$0.00
$0.00
Common stock, par value $0.01 per share, authorized 150 million shares; issued 39,283,136 and 39,248,275 shares; outstanding 38,108,341 and 38,198,641 shares
$400000.00
$400000.00
$400000.00
$400000.00
Additional paid-in capital
$215.1M
$213.6M
$211.5M
$210.6M
Treasury stock at cost - 1,174,795 and 1,049,634 shares
-26.2M
-21.7M
-13.4M
-15.0M
Retained earnings
$152.3M
$126.1M
$115.8M
$107.1M
Accumulated other comprehensive income
$1.1M
$1.5M
$1.7M
$2.1M
Total shareholders’ equity
$342.7M
$319.9M
$316.0M
$305.2M
Total liabilities and shareholders’ equity
$628.4M
$581.1M
$602.5M
$586.5M
Cash flow statement
Global Industrial Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income from continuing operations
$72.0M
$60.7M
$70.7M
$78.1M
Depreciation and amortization
$7.7M
$7.6M
$6.4M
$3.9M
Provision (benefit) for deferred income taxes
$600.0K
($500.0K)
$2.0M
$0
Provision for credit losses
$900.0K
$2.1M
$3.2M
$1.6M
Compensation expense related to equity compensation plans
$7.4M
$2.8M
$3.0M
$4.5M
Accounts receivable
($12.3M)
$1.6M
($2.6M)
($3.3M)
Inventories
($6.4M)
($17.1M)
$33.3M
($7.0M)
Prepaid expenses and other assets
($900.0K)
($2.6M)
($800.0K)
($1.8M)
Income taxes
$1.2M
$1.7M
($1.1M)
($7.1M)
Accounts payable
$1.7M
($4.0M)
$1.2M
($17.0M)
Accrued expenses, other current liabilities and other liabilities
$5.8M
($1.9M)
($3.3M)
($2.0M)
Net cash provided by operating activities from continuing operations
$77.7M
$50.4M
$112.0M
$49.8M
Net cash provided by operating activities from discontinued operations
$100.0K
$300.0K
$0
$400.0K
Net cash provided by operating activities
$77.8M
$50.7M
$112.0M
$50.2M
Purchases of property, plant and equipment
($3.1M)
($3.8M)
($3.9M)
($7.4M)
Acquisitions, net of cash acquired
($4.0M)
$0
($72.3M)
—
Net cash used in investing activities from continuing operations
($7.1M)
($3.8M)
($76.2M)
($7.1M)
Dividends paid
($40.3M)
($38.4M)
($30.6M)
($27.6M)
Borrowings under credit facility
$0
$0
$50.6M
$119.0M
Repayments under credit facility
$0
$0
($51.2M)
($122.9M)
Proceeds from issuance of common stock
$2.7M
$1.8M
$600.0K
$800.0K
Payment of payroll taxes on stock-based compensation through shares withheld
-2.3M
-1.6M
-500.0K
-400.0K
Proceeds from the issuance of common stock from employee stock purchase plans
1.5M
1.5M
1.4M
1.4M
Purchase of treasury shares
-9.1M
—
—
0
Net cash used in financing activities from continuing operations
($47.5M)
($36.7M)
($29.7M)
($29.7M)
EFFECTS OF EXCHANGE RATES ON CASH
($300.0K)
$0
($200.0K)
($300.0K)
NET INCREASE IN CASH
$22.9M
$10.2M
$5.9M
$13.1M
CASH AND CASH EQUIVALENTS – BEGINNING OF YEAR
$44.6M
$34.4M
$28.5M
$15.4M
CASH AND CASH EQUIVALENTS – END OF YEAR
$67.5M
$44.6M
$34.4M
$28.5M
Interest paid
$300.0K
$300.0K
$1.1M
$1.2M
Income taxes paid
$24.1M
$17.9M
$23.7M
$32.8M
Operating and finance leases
$32.9M
$4.5M
—
$34.5M
Global Industrial Co cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income from continuing operations
$52.4M
$15.3M
$57.4M
$38.6M
Depreciation and amortization
$3.9M
$1.9M
$5.8M
$3.8M
Provision for credit losses
$1.2M
$400.0K
$700.0K
$600.0K
Stock-based compensation
$3.1M
$1.4M
$5.9M
$3.7M
Benefit from deferred taxes
($100.0K)
$200.0K
$0
($300.0K)
Accounts receivable
($48.9M)
($11.0M)
($21.9M)
($29.3M)
Inventories
$10.5M
($2.9M)
($6.6M)
($2.9M)
Prepaid expenses and other assets
$1.6M
$400.0K
($400.0K)
$2.0M
Income taxes payable
$6.6M
$5.0M
$3.2M
$2.8M
Accounts payable
$11.8M
($6.7M)
$5.1M
$8.0M
Accrued expenses, other current liabilities and other liabilities
$3.9M
$700.0K
$8.5M
$8.1M
Net cash provided by operating activities from continuing operations
$46.0M
$4.7M
$57.7M
$35.1M
Net cash provided by operating activities from discontinued operations
$1.8M
$1.7M
$100.0K
$0
Net cash provided by operating activities
$47.8M
$6.4M
$57.8M
$35.1M
Purchases of property, plant and equipment
($1.7M)
($800.0K)
($2.3M)
($1.6M)
Acquisition
$0
—
($4.0M)
($4.0M)
Net cash used in investing activities
($1.7M)
($800.0K)
($6.3M)
($5.6M)
Dividends paid
($21.6M)
($10.8M)
($30.2M)
($20.1M)
Proceeds from issuance of common stock
$400.0K
$400.0K
$2.2M
$1.2M
Payment of payroll taxes on stock-based compensation through shares withheld
-900.0K
-900.0K
-2.2M
-800.0K
Proceeds from the issuance of common stock from employee stock purchase plan