Perimeter Solutions Inc (PRM) financial statements: income statement, balance sheet and cash flow

Perimeter 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 (Dec 31, 2025 · FY), Perimeter Solutions Inc reported revenue of $652.9M (+16.4% year on year).

Income statement

Perimeter Solutions Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$652.9M	$561.0M	$322.1M	$360.5M
Cost of goods sold	$277.7M	$243.9M	$183.3M	$217.9M
Gross profit	$375.1M	$317.1M	$138.9M	$142.7M
Selling, general and administrative expense	$77.6M	$66.9M	$57.1M	$74.3M
Amortization expense	$59.7M	$55.0M	$55.1M	$55.1M
Founders advisory fees - related party	$435.2M	$198.3M	($108.5M)	($117.3M)
Intangible impairment	$0	$0	$40.7M	—
Other operating expense	$3.6M	$612.0K	$10.0K	$465.0K
Total operating expenses	$576.1M	$320.9M	$44.4M	$12.6M
Operating (loss) income	($200.9M)	($3.8M)	$94.5M	$130.1M
Interest expense, net	$39.1M	$40.5M	$41.4M	$42.6M
Gain on contingent earn-out	$0	$0	($7.3M)	($12.7M)
Foreign currency (gain) loss	($3.0M)	$2.4M	($1.7M)	$3.5M
Other (income) expense, net	($780.0K)	$192.0K	$417.0K	($503.0K)
Total other expense, net	$35.3M	$43.1M	$32.9M	$32.8M
(Loss) income before income taxes	($236.2M)	($46.9M)	$61.6M	$97.2M
Income tax benefit	$29.9M	$41.0M	$5.9M	($5.5M)
Net (loss) income	($206.4M)	($5.9M)	$67.5M	$91.8M
Foreign currency translation adjustments	$32.9M	($19.5M)	$5.8M	($18.3M)
Total comprehensive (loss) income	($173.5M)	($25.4M)	$73.2M	$73.4M
Basic (in usd per share)	-$1.37	-$0.04	$0.44	$0.57
Diluted (in usd per share)	-$1.37	-$0.04	$0.41	$0.52
Basic (in shares)	150.4M	145.7M	154.7M	160.9M
Diluted (in shares)	150.4M	145.7M	166.5M	175.1M

Perimeter Solutions Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$213.8M	$125.1M	$315.4M	$162.6M
Cost of goods sold	$95.9M	$74.3M	$116.3M	$61.1M
Gross profit	$117.9M	$50.8M	$199.1M	$101.5M
Selling, general and administrative expense	$27.0M	$23.1M	$23.5M	$16.0M
Amortization expense	$24.0M	$22.6M	$15.2M	$14.6M
Founders advisory fees - related party	$266.3M	($76.4M)	$247.7M	$96.9M
Other operating expense	$3.6M	$9.0M	$96.0K	$268.0K
Total operating expenses	$320.9M	($21.7M)	$286.5M	$127.7M
Operating (loss) income	($203.0M)	$72.5M	($87.3M)	($26.2M)
Interest expense, net	$19.6M	$24.4M	$9.9M	$9.9M
Foreign currency gain	($1.2M)	($1.4M)	$6.0K	($2.1M)
Other expense (income), net	$27.0K	($364.0K)	($73.0K)	($212.0K)
Total other expense, net	$18.4M	$22.6M	$9.8M	$7.6M
(Loss) income before income taxes	($221.4M)	$49.8M	($97.2M)	($33.8M)
Income tax benefit (expense)	$39.8M	$23.1M	$6.5M	$1.7M
Net (loss) income	($181.6M)	$72.9M	($90.7M)	($32.2M)
Foreign currency translation adjustments	($9.1M)	($6.6M)	($2.3M)	$24.1M
Total comprehensive (loss) income	($190.8M)	$66.4M	($93.0M)	($8.0M)
Basic (in usd per share)	-$1.11	$0.47	-$0.62	-$0.22
Diluted (in usd per share)	-$1.11	$0.44	-$0.62	-$0.22
Basic (in shares)	163.4M	153.9M	146.8M	147.1M
Diluted (in shares)	163.4M	165.1M	146.8M	147.1M

Balance sheet

Perimeter Solutions Inc 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	$325.9M	$198.5M	$47.3M	$126.8M
Accounts receivable, net	$64.4M	$56.0M	$39.6M	$26.6M
Inventories	$139.6M	$116.3M	$145.7M	$143.0M
Prepaid expenses and other current assets	$34.0M	$23.2M	$18.5M	$12.0M
Total current assets	$564.0M	$394.0M	$251.0M	$308.5M
Property, plant and equipment, net	$85.1M	$64.8M	$59.4M	$58.8M
Operating lease right-of-use assets	$30.2M	$17.3M	$16.3M	$18.6M
Finance lease right-of-use assets	$5.7M	$6.2M	$6.1M	—
Goodwill	$1.1B	$1.0B	$1.0B	$1.0B
Intangible assets, net	$899.3M	$898.4M	$945.0M	$1.0B
Other assets, net	$3.5M	$1.2M	$1.3M	$1.8M
Total assets	$2.7B	$2.4B	$2.3B	$2.5B
Accounts payable	$126.0M	$30.2M	$24.3M	$36.8M
Accrued expenses and other current liabilities	$47.2M	$30.4M	$30.7M	$32.7M
Deferred revenue	$1.9M	$1.8M	—	$0
Total current liabilities	$175.1M	$62.5M	$55.1M	$74.2M
Long-term debt, net	$669.1M	$667.8M	$666.5M	$665.3M
Operating lease liabilities, net of current portion	$27.9M	$15.5M	$14.9M	$15.5M
Finance lease liabilities, net of current portion	$5.7M	$6.0M	$5.5M	—
Deferred income taxes	$80.4M	$152.2M	$253.5M	$278.3M
Founders advisory fees payable - related party	$440.7M	$240.1M	$56.9M	$4.7M
Preferred stock	117.2M	112.8M	108.6M	101.3M
Other non-current liabilities	$3.6M	$2.2M	$2.2M	$9.3M
Total liabilities	$1.5B	$1.3B	$1.2B	$1.3B
Common stock, $0.0001 par value per share, 4,000,000,000 shares authorized; 174,818,216 and 169,426,114 shares issued; 149,440,060 and 147,822,633 shares outstanding at December 31, 2025 and 2024, respectively	$17000.00	$17000.00	$165067000.00	$163235000.00
Treasury stock, at cost; 25,378,156 and 21,603,481 shares at December 31, 2025 and 2024, respectively	-168.2M	-127.8M	-113.4M	-49.3M
Additional paid-in capital	$2.1B	$1.9B	$1.7B	$1.7B
Accumulated other comprehensive loss	($6.4M)	($39.2M)	($19.7M)	($25.5M)
Accumulated deficit	($793.1M)	($586.7M)	($580.8M)	($648.3M)
Total stockholders’ equity	$1.1B	$1.2B	$1.2B	$1.1B
Total liabilities and stockholders’ equity	$2.7B	$2.4B	$2.3B	$2.5B

Perimeter Solutions Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$82.8M	$91.6M	$340.6M	$140.7M
Accounts receivable, net	$158.1M	$87.5M	$106.7M	$121.4M
Inventories	$203.3M	$191.0M	$130.1M	$150.0M
Prepaid expenses and other current assets	$52.3M	$28.0M	$6.7M	$8.0M
Total current assets	$496.4M	$398.2M	$584.2M	$420.1M
Property, plant and equipment, net	$109.2M	$101.3M	$81.6M	$78.8M
Operating lease right-of-use assets	$41.4M	$37.3M	$31.3M	$30.8M
Finance lease right-of-use assets	$5.2M	$5.5M	$5.9M	$6.1M
Goodwill	$1.4B	$1.4B	$1.1B	$1.1B
Intangible assets, net	$1.2B	$1.2B	$888.2M	$896.8M
Other assets, net	$3.3M	$6.7M	$529.0K	$642.0K
Total assets	$3.2B	$3.2B	$2.6B	$2.5B
Accounts payable	$222.9M	$64.2M	$182.1M	$51.9M
Accrued expenses and other current liabilities	$67.1M	$61.3M	$71.9M	$31.8M
Deferred revenue	$26.4M	$3.3M	$9.6M	$20.2M
Total current liabilities	$316.4M	$128.9M	$263.6M	$104.0M
Long-term debt, net	$1.2B	$1.2B	$668.8M	$668.4M
Operating lease liabilities, net of current portion	$36.4M	$32.9M	$28.8M	$28.6M
Finance lease liabilities, net of current portion	$5.4M	$5.6M	$5.8M	$5.9M
Deferred income taxes	$78.0M	$121.8M	$95.8M	$142.9M
Founders advisory fees payable - related party	$452.6M	$338.5M	$352.5M	$240.3M
Preferred stock	119.5M	118.3M	116.1M	115.0M
Other non-current liabilities	$4.7M	$4.0M	$2.7M	$2.5M
Total liabilities	$2.2B	$2.0B	$1.5B	$1.3B
Common stock, $0.0001 par value per share	$19000.00	$19000.00	$17000.00	$17000.00
Treasury stock, at cost	($168.2M)	($168.2M)	($168.2M)	($168.2M)
Additional paid-in capital	$2.1B	$2.1B	$1.9B	$1.9B
Accumulated other comprehensive loss	($22.1M)	($12.9M)	($9.6M)	($7.2M)
Accumulated deficit	($901.8M)	($720.2M)	($652.9M)	($562.2M)
Total equity	$1.0B	$1.2B	$1.1B	$1.2B
Total liabilities and equity	$3.2B	$3.2B	$2.6B	$2.5B

Cash flow statement

Perimeter Solutions Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net (loss) income	($206.4M)	($5.9M)	$67.5M	$91.8M
Founders advisory fees - related party (change in fair value)	$435.2M	$198.3M	($108.5M)	—
Depreciation and amortization expense	$74.0M	$65.7M	$64.9M	$65.8M
Interest and payment-in-kind on preferred stock	$7.3M	$7.1M	$6.8M	$6.5M
Stock-based compensation	$16.6M	$12.8M	$1.6M	$14.6M
Non-cash lease expense	$6.9M	$5.1M	$5.2M	$5.4M
Deferred income taxes	($74.1M)	($99.6M)	($25.8M)	($17.0M)
Intangible impairment	$0	$0	$40.7M	—
Amortization of deferred financing costs	$1.9M	$1.7M	$1.7M	$1.6M
Gain on contingent earn-out	$0	$0	($7.3M)	($12.7M)
Foreign currency (gain) loss	($3.0M)	$2.4M	($1.7M)	$3.5M
Loss on disposal of assets	$149.0K	$66.0K	$139.0K	$9.0K
Accounts receivable	($7.0M)	($13.3M)	($14.4M)	($6.2M)
Inventories	($6.0M)	$29.9M	($2.0M)	($61.9M)
Prepaid expenses and other current assets	$971.0K	($843.0K)	$1.0M	$1.9M
Accounts payable	$6.2M	($754.0K)	($15.3M)	$9.7M
Deferred revenue	$37.0K	$1.8M	$0	($383.0K)
Income taxes payable, net	($5.7M)	($13.3M)	($3.5M)	$8.9M
Accrued expenses and other current liabilities	$4.2M	$4.3M	($1.8M)	($647.0K)
Founders advisory fees - related party (cash settled)	($6.7M)	($2.7M)	($4.7M)	($53.5M)
Operating lease liabilities	($4.9M)	($3.3M)	($4.2M)	($5.1M)
Finance lease liabilities	($489.0K)	($501.0K)	($282.0K)	—
Other, net	($1.1M)	($741.0K)	—	—
Net cash provided by operating activities	$238.1M	$188.4M	$193.0K	($40.2M)
Purchase of property and equipment	($29.6M)	($15.5M)	($9.4M)	($8.6M)
Purchase of intangible assets	($15.2M)	—	—	—
Proceeds from short-term investments	$0	$5.4M	—	—
Purchase of short-term investments	$0	$0	—	—
Purchase of businesses, net of cash acquired	($62.0M)	($32.8M)	$0	$0
Net cash used in investing activities	($106.8M)	($42.9M)	($14.9M)	($10.3M)
Common stock / ordinary shares repurchased	-40.4M	-14.4M	-64.1M	-49.3M
Proceeds from exercises of warrants	$0	$23.5M	$0	$529.0K
Proceeds from exercises of options	$34.5M	—	—	—
Principal payments on finance lease obligations	($875.0K)	($740.0K)	($387.0K)	—
Payment for credit facility financing fees	($2.2M)	—	$0	$0
Net cash (used in) provided by financing activities	($9.0M)	$8.3M	($64.5M)	($48.8M)
Effect of foreign currency on cash and cash equivalents	$5.1M	($2.6M)	($320.0K)	$431.0K
Net change in cash and cash equivalents	$127.5M	$151.2M	($79.5M)	($98.8M)
Cash and cash equivalents, beginning of period	$198.5M	$47.3M	$126.8M	$225.6M
Cash and cash equivalents, end of period	$325.9M	$198.5M	$47.3M	$126.8M
Cash paid for interest	$36.7M	$37.3M	$37.0M	$35.5M
Cash paid for income taxes	$48.9M	$74.6M	$26.0M	$13.5M
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	$138.8M	$8.5M	$2.6M	$19.6M

Perimeter Solutions Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net (loss) income	($108.7M)	$72.9M	($66.1M)	$24.5M
Founders advisory fees - related party (change in fair value)	$189.9M	($76.4M)	$264.0M	$16.3M
Depreciation and amortization expense	$56.0M	$27.1M	$53.6M	$34.8M
Interest and payment-in-kind on preferred stock	$3.8M	$1.9M	$5.5M	$3.7M
Stock-based compensation	$5.5M	$2.6M	$11.4M	$4.9M
Non-cash lease expense	$5.3M	$2.5M	$4.8M	$2.9M
Deferred income taxes	($73.3M)	($27.1M)	($58.2M)	($11.3M)
Amortization of deferred financing costs	$1.3M	$709.0K	$1.3M	$890.0K
Foreign currency gain	($2.6M)	($1.4M)	($3.2M)	($3.3M)
Loss on disposal of assets	$17.0K	$17.0K	$10.0K	$6.0K
Accounts receivable	($69.5M)	$3.4M	($49.0M)	($63.5M)
Inventories	($15.9M)	($3.1M)	$316.0K	($21.8M)
Prepaid expenses and other current assets	($21.3M)	$878.0K	$5.5M	$4.7M
Accounts payable	$7.3M	($976.0K)	$6.6M	$12.0M
Deferred revenue	$23.3M	$219.0K	$7.8M	$18.3M
Income taxes payable, net	$2.7M	$5.3M	$33.0M	$8.0M
Accrued expenses and other current liabilities	$5.1M	$2.4M	$13.1M	($763.0K)
Founders advisory fees - related party (cash settled)	($95.7M)	($95.7M)	($6.7M)	($6.7M)
Operating lease liabilities	($4.1M)	($1.9M)	($3.4M)	($2.0M)
Finance lease liabilities	($236.0K)	($119.0K)	($367.0K)	($251.0K)
Other, net	$1.4M	($2.4M)	($615.0K)	($563.0K)
Net cash (used in) provided by operating activities	($89.6M)	($89.0M)	$219.5M	$20.9M
Purchase of property and equipment	($18.5M)	($5.8M)	($22.6M)	($17.6M)
Purchase of intangible assets	$0	—	($15.2M)	($15.2M)
Purchase of businesses, net of cash acquired	($682.3M)	($682.3M)	($22.0M)	($10.0M)
Net cash used in investing activities	($700.8M)	($688.1M)	($59.8M)	($42.8M)
Common stock repurchased	$0	$0	($40.4M)	($40.4M)
Proceeds from exercises of options	$7.6M	$3.0M	$19.5M	$292.0K
Principal payments on finance lease obligations	($379.0K)	($179.0K)	($689.0K)	($482.0K)
Proceeds from issuance of long-term debt	$550.0M	$550.0M	—	—
Payment of debt issuance costs	($10.1M)	($10.1M)	—	—
Net cash provided by (used in) financing activities	$547.2M	$542.8M	($21.6M)	($40.6M)
Effect of foreign currency on cash and cash equivalents	$72.0K	($11.0K)	$4.0M	$4.7M
Net change in cash and cash equivalents	($243.2M)	($234.3M)	$142.2M	($57.8M)
Cash and cash equivalents, beginning of period	$325.9M	$325.9M	$198.5M	$198.5M
Cash and cash equivalents, end of period	$82.8M	$91.6M	$340.6M	$140.7M
Cash paid for interest	$19.6M	$154.0K	$19.9M	$19.7M
Cash paid for income taxes	$5.6M	($2.0M)	$28.2M	$12.8M

Perimeter Solutions Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.