Primo Brands Corp'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), Primo Brands Corp reported revenue of $6.7B (+29.3% year on year) and net income of $80.4M (+738.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net sales | $6.7B | $5.2B |
| Cost of sales | $4.6B | $3.5B |
| Gross profit | $2.0B | $1.6B |
| Selling, general and administrative expenses | $1.4B | $1.1B |
| Acquisition, integration and restructuring expenses | $167.5M | $204.1M |
| Intangible asset impairment | $35.6M | — |
| Other operating (income) expense, net | ($3.7M) | $6.6M |
| Operating income | $430.4M | $360.3M |
| Other income, net | ($59.7M) | — |
| Loss on modification and extinguishment of debt | $18.6M | $0 |
| Interest and financing expense, net | $326.5M | $339.6M |
| Income from continuing operations before income taxes | $145.0M | $20.7M |
| Provision for income taxes | $64.6M | $33.3M |
| Net income (loss) from continuing operations | $80.4M | ($12.6M) |
| Net loss from discontinued operations, net of tax | ($20.3M) | ($3.8M) |
| Net income (loss) | $60.1M | ($16.4M) |
| Dividend on preferred stock | $0 | $0 |
| Excess of redemption price over carrying value of preferred stock | $0 | $0 |
| Net income (loss) attributable to common stockholders | $60.1M | ($16.4M) |
| Continuing operations (in dollars per share) | $0.21 | -$0.05 |
| Discontinued operations (in dollars per share) | -$0.05 | -$0.02 |
| Net income (loss) per common share (in dollars per share) | $0.16 | -$0.07 |
| Basic (in shares) | 373.5M | 242.3M |
| Diluted (in shares) | 374.9M | 242.3M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net sales | $1.8B | $1.6B | $1.8B | $1.7B |
| Cost of sales | $1.2B | $1.2B | $1.2B | $1.2B |
| Gross profit | $548.7M | $464.9M | $528.2M | $540.9M |
| Selling, general and administrative expenses | $345.5M | $336.7M | $343.0M | $378.6M |
| Acquisition, integration and restructuring expenses | $10.0M | $20.8M | $44.2M | $49.7M |
| Other operating expense (income), net | $12.9M | ($30.6M) | ($5.4M) | ($200.0K) |
| Operating income | $180.3M | $138.0M | $146.4M | $112.8M |
| Other expense (income), net | $1.9M | $1.2M | ($3.6M) | ($15.9M) |
| Loss on modification and extinguishment of debt | $0 | $17.7M | $0 | $0 |
| Interest and financing expense, net | $81.3M | $78.3M | $83.1M | $81.9M |
| Income from continuing operations before income taxes | $97.1M | $40.8M | $66.9M | $46.8M |
| Provision for income taxes | $27.9M | $13.5M | $26.4M | $16.3M |
| Net income from continuing operations | $69.2M | $27.3M | $40.5M | $30.5M |
| Net loss from discontinued operations, net of tax | $0 | $0 | ($23.7M) | ($2.9M) |
| Net income | $69.2M | $27.3M | $16.8M | $27.6M |
| Continuing operations (in dollars per share) | $0.19 | $0.08 | $0.11 | $0.08 |
| Discontinued operations (in dollars per share) | $0.00 | $0.00 | -$0.06 | -$0.01 |
| Net income per common share (in dollars per share) | $0.19 | $0.08 | $0.05 | $0.07 |
| Basic (in shares) | 362.8M | 363.6M | 372.3M | 374.8M |
| Diluted (in shares) | 365.7M | 365.8M | 374.1M | 376.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash, cash equivalents and restricted cash | $376.9M | $614.4M |
| Trade receivables, net of allowance for expected credit losses of $20.5 and $4.7 as of December 31, 2025 and December 31, 2024, respectively | $431.8M | $444.0M |
| Inventories | $223.5M | $208.4M |
| Prepaid expenses and other current assets | $148.9M | $150.4M |
| Current assets held for sale | $36.7M | $111.8M |
| Total current assets | $1.2B | $1.5B |
| Property, plant and equipment, net | $2.2B | $2.1B |
| Operating lease right-of-use-assets, net | $539.3M | $628.7M |
| Goodwill | $3.6B | $3.6B |
| Intangible assets, net | $3.0B | $3.2B |
| Other non-current assets | $85.6M | $70.1M |
| Non-current assets held for sale | $0 | $118.9M |
| Total assets | $10.6B | $11.2B |
| Current portion of long-term debt | $73.3M | $64.5M |
| Trade payables | $518.9M | $471.6M |
| Accruals and other current liabilities | $597.6M | $697.7M |
| Current portion of operating lease obligations | $92.9M | $95.5M |
| Current liabilities held for sale | $0 | $82.2M |
| Total current liabilities | $1.3B | $1.4B |
| Long-term debt, less current portion | $5.1B | $5.0B |
| Operating lease obligations, less current portion | $474.4M | $555.6M |
| Deferred income taxes | $691.5M | $738.7M |
| Other non-current liabilities | $77.0M | $49.8M |
| Non-current liabilities held for sale | $0 | $31.1M |
| Total liabilities | $7.6B | $7.8B |
| Common stock, $0.01 par value, 900,000,000 shares authorized, 363,940,940 and 379,792,996 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 3.7M | 3.8M |
| Additional paid-in capital | $5.0B | $5.0B |
| Accumulated deficit | ($2.0B) | ($1.5B) |
| Accumulated other comprehensive loss | ($13.9M) | ($17.2M) |
| Total stockholders' equity | $3.0B | $3.4B |
| Total liabilities and stockholders' equity | $10.6B | $11.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $366.8M | $288.2M | $422.7M | $412.0M |
| Trade receivables, net of allowance for expected credit losses of $22.4 and $20.5 as of June 30, 2026 and December 31, 2025, respectively | $575.4M | $535.8M | $550.0M | $587.0M |
| Inventories | $257.0M | $247.9M | $233.9M | $248.3M |
| Prepaid expenses and other current assets | $185.0M | $174.6M | $142.2M | $179.3M |
| Current assets held for sale | $32.6M | $40.1M | $117.4M | $76.1M |
| Total current assets | $1.4B | $1.3B | $1.5B | $1.5B |
| Property, plant and equipment, net | $2.1B | $2.2B | $2.1B | $2.0B |
| Operating lease right-of-use-assets, net | $513.9M | $526.8M | $587.8M | $611.4M |
| Goodwill | $3.6B | $3.6B | $3.6B | $3.6B |
| Intangible assets, net | $2.9B | $3.0B | $3.1B | $3.1B |
| Other non-current assets | $71.4M | $75.9M | $88.8M | $74.6M |
| Total assets | $10.6B | $10.6B | $11.0B | $11.0B |
| Current portion of long-term debt | $73.3M | $72.9M | $71.0M | $70.4M |
| Trade payables | $556.9M | $498.2M | $561.1M | $533.6M |
| Accruals and other current liabilities | $630.0M | $658.7M | $619.3M | $632.0M |
| Current portion of operating lease obligations | $86.5M | $89.6M | $93.1M | $93.1M |
| Total current liabilities | $1.3B | $1.3B | $1.4B | $1.4B |
| Long-term debt, less current portion | $5.1B | $5.1B | $5.0B | $5.0B |
| Operating lease obligations, less current portion | $454.3M | $465.4M | $520.0M | $540.0M |
| Deferred income taxes | $699.3M | $696.4M | $742.4M | $737.8M |
| Other non-current liabilities | $74.1M | $69.6M | $56.6M | $54.9M |
| Total liabilities | $7.7B | $7.6B | $7.8B | $7.8B |
| Common stock, $0.01 par value, 900,000,000 shares authorized, 362,464,702 and 363,940,940 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 3.6M | 3.6M | 3.8M | 3.8M |
| Additional paid-in capital | $5.0B | $5.0B | $5.0B | $5.0B |
| Accumulated deficit | ($2.1B) | ($2.1B) | ($1.8B) | ($1.7B) |
| Accumulated other comprehensive loss | ($12.0M) | ($11.9M) | ($6.1M) | ($2.0M) |
| Total stockholders' equity | $3.0B | $3.0B | $3.2B | $3.2B |
| Total liabilities and stockholders' equity | $10.6B | $10.6B | $11.0B | $11.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net income (loss) | $60.1M | ($16.4M) |
| Less: Net loss from discontinued operations, net of income taxes | ($20.3M) | ($3.8M) |
| Net income (loss) from continuing operations | $80.4M | ($12.6M) |
| Depreciation and amortization | $610.2M | $333.3M |
| Amortization of debt discount and issuance costs | $29.8M | $18.4M |
| Stock-based compensation costs | $49.9M | $8.7M |
| Restructuring charges | $3.1M | $22.0M |
| Inventory obsolescence expense | $14.6M | $16.9M |
| Charge for expected credit losses | $45.9M | $12.6M |
| Deferred income taxes | ($46.2M) | ($78.1M) |
| Intangible asset impairment | $35.6M | — |
| Proceeds from insurance settlements | ($47.3M) | — |
| Other non-cash items | $18.5M | $3.0M |
| Trade receivables | ($30.9M) | $83.6M |
| Inventories | ($33.5M) | ($100.0K) |
| Prepaid expenses and other current and non-current assets | $12.2M | ($33.5M) |
| Trade payables and accruals and other current and non-current liabilities | ($62.0M) | — |
| Net cash provided by operating activities of continuing operations | $680.3M | $463.8M |
| Purchases of property, plant and equipment | ($377.4M) | ($150.2M) |
| Purchases of intangible assets | ($57.0M) | ($40.7M) |
| Cash acquired in the Transaction | $0 | $665.9M |
| Acquisitions, net of cash received | ($29.0M) | — |
| Proceeds from sale of other assets | $56.9M | $0 |
| Purchases of investments | $0 | ($10.0M) |
| Proceeds from insurance settlements | $47.3M | — |
| Other investing activities | $21.3M | $1.2M |
| Net cash (used in) provided by investing activities of continuing operations | ($337.9M) | $468.6M |
| Proceeds from 2024 Incremental Term Loan, net of discount | $0 | $392.0M |
| Proceeds from borrowings from ABL Credit Facility | $0 | $25.0M |
| Repayment of borrowings from ABL Credit Facility | $0 | ($115.0M) |
| Repayment of Term Loans | ($31.0M) | — |
| Proceeds from borrowings of other debt | $0 | $8.3M |
| Principal repayment of other debt | ($5.4M) | ($3.5M) |
| Principal payment of finance leases | ($34.5M) | ($8.2M) |
| Financing fees | ($8.0M) | ($5.1M) |
| Issuance of common stock | $10.7M | $1.9M |
| Common stock repurchased and cancelled | ($421.5M) | ($10.4M) |
| Redemption of preferred stock | $0 | $0 |
| Dividends paid on preferred stock | $0 | $0 |
| Dividends paid to common stockholders | ($151.3M) | ($35.7M) |
| Dividends paid to Primo Water stockholders | $0 | ($131.5M) |
| Dividends paid to Sponsor Stockholder | $0 | ($448.6M) |
| Other financing activities | $9.0M | ($100.0K) |
| Net cash used in financing activities of continuing operations | ($632.0M) | ($362.9M) |
| Net cash provided by operating activities from discontinued operations | $7.1M | $3.4M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $96.5M | $27.3M | $73.1M | $56.3M |
| Less: Net loss from discontinued operations, net of income taxes | $0 | $0 | ($32.6M) | ($8.9M) |
| Net income from continuing operations | $96.5M | $27.3M | $105.7M | $65.2M |
| Depreciation and amortization | $283.2M | $141.0M | $437.0M | $273.9M |
| Amortization of debt discount and issuance costs | $15.1M | $8.8M | $21.9M | $13.7M |
| Stock-based compensation costs | $21.0M | $9.9M | $36.8M | $24.9M |
| Restructuring (gains) charges, net | ($8.7M) | ($4.2M) | — | — |
| Inventory obsolescence expense | $6.6M | $2.8M | $11.8M | $7.2M |
| Charge for expected credit losses | $25.1M | $14.9M | $30.1M | $17.4M |
| Deferred income taxes | $6.1M | $3.7M | $5.7M | ($800.0K) |
| Unrealized loss (gain) on commodity forwards, net | ($18.9M) | ($31.1M) | — | — |
| Other non-cash items | $13.5M | $2.7M | ($19.6M) | ($14.9M) |
| Trade receivables | ($171.9M) | ($118.8M) | ($133.4M) | ($159.0M) |
| Inventories | ($39.1M) | ($25.8M) | ($40.3M) | ($49.1M) |
| Prepaid expenses and other current and non-current assets | ($9.3M) | $6.7M | $21.3M | ($300.0K) |
| Trade payables and accruals and other current and non-current liabilities | $112.5M | $65.9M | ($5.8M) | $12.7M |
| Net cash provided by operating activities of continuing operations | $331.7M | $103.8M | $477.2M | $193.8M |
| Purchases of property, plant and equipment | ($190.0M) | ($104.5M) | ($231.6M) | ($115.9M) |
| Purchases of intangible assets | ($32.7M) | ($13.6M) | ($42.2M) | ($25.2M) |
| Acquisitions, net of cash received | ($20.0M) | ($10.9M) | ($29.0M) | ($5.7M) |
| Proceeds from sale of property, plant and equipment | $33.4M | — | — | — |
| Proceeds from sale of other assets | $0 | $0 | $56.9M | $56.9M |
| Other investing activities | $14.4M | $18.0M | $8.0M | $16.1M |
| Net cash used in investing activities of continuing operations | ($194.9M) | ($111.0M) | ($217.9M) | ($73.8M) |
| Proceeds from Term Loans, net of discount | $659.6M | $659.6M | $0 | $0 |
| Repayment of Term Loans | ($660.4M) | ($652.7M) | ($23.2M) | ($15.5M) |
| Principal payment of finance leases | ($19.5M) | ($9.7M) | ($24.7M) | ($15.8M) |
| Financing fees | ($2.8M) | ($2.7M) | ($7.7M) | ($7.7M) |
| Issuance of common stock | $4.3M | $1.9M | $7.7M | $4.8M |
| Common stock repurchased and cancelled | ($47.8M) | ($32.2M) | ($296.8M) | ($221.0M) |
| Dividends paid to common stockholders | ($87.7M) | ($44.2M) | ($113.2M) | ($76.0M) |
| Other financing activities | $8.2M | ($1.0M) | ($1.0M) | ($900.0K) |
| Net cash used in financing activities of continuing operations | ($146.1M) | ($81.0M) | ($463.0M) | ($334.8M) |
| Net cash (used in) provided by operating activities from discontinued operations | $0 | $0 | $8.8M | $2.3M |
| Net cash provided by (used in) investing activities from discontinued operations | $0 | $0 | ($1.8M) | ($1.3M) |
| Net cash provided by financing activities from discontinued operations | $0 | $0 | ($1.9M) | $3.4M |
| Net cash provided by discontinued operations | $0 | $0 | $5.1M | $4.4M |
| Effect of exchange rates on cash, cash equivalents and restricted cash | ($800.0K) | ($500.0K) | $1.5M | $2.1M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($10.1M) | ($88.7M) | ($197.1M) | ($208.3M) |
| Cash and cash equivalents and restricted cash, beginning of period | $376.9M | $376.9M | $620.7M | $620.7M |
| Cash and cash equivalents and restricted cash, end of period | $366.8M | $288.2M | $423.6M | $412.4M |
| Cash and cash equivalents and restricted cash of discontinued operations, end of period | $0 | $0 | $900.0K | $400.0K |
| Cash and cash equivalents and restricted cash of continuing operations, end of period | $366.8M | $288.2M | $422.7M | $412.0M |
| Purchases of property, plant and equipment and intangible assets included in trade payables and accruals and other current liabilities | $57.6M | $74.7M | $94.3M | $66.5M |
| Dividends payable issued through accounts payable and accrued liabilities | $900.0K | $400.0K | $1.0M | $700.0K |
Primo Brands Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.