Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Perimeter Solutions, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
239
340
361
322
561
653
Cost of revenue
155
178
232
194
244
278
Gross profit
83.9
162
129
128
317
375
Selling, general and administrative
36.2
37.7
60.3
46.5
66.9
77.6
Operating expenses
89.7
90.6
-1.41
33.8
321
576
Operating income
-5.78
71.5
130
94.5
-3.77
-201
Interest expense
51.7
42
42.6
41.4
40.5
39.1
Other non-operating income
-53.9
-36.7
-32.8
-32.9
-43.1
-35.3
Pre-tax income
-59.7
34.7
97.2
61.6
-46.9
-236
Income tax
-17.7
10.5
5.47
-5.9
-41
-29.9
Net income
-42
24.2
91.8
67.5
-5.91
-206
EBITDA
52.2
130
196
159
62
-127
EPS, basic
-0.79
0.46
0.57
0.44
-0.04
-1.37
EPS, diluted
-0.79
0.46
0.52
0.41
-0.04
-1.37
Shares, basic (weighted)
53
53
161
155
146
150
Shares, diluted (weighted)
53
53
175
166
146
150
Balance sheet
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
9.82
22.5
127
47.3
198
326
Short-term investments
0
5.52
0
Receivables
28.9
26.6
39.6
56
64.4
Inventory
58.8
143
146
116
140
Other current assets
3.94
1.16
1.6
3.39
4.45
Total current assets
133
309
251
394
564
Property, plant and equipment
48.2
58.8
59.4
64.8
85.1
Lease right-of-use assets
18.6
16.3
17.3
30.2
Goodwill
473
482
1,031
1,036
1,035
1,065
Intangible assets
474
1,037
945
898
899
Other non-current assets
1.21
1.77
1.32
1.16
3.5
Total assets
1,138
2,457
2,315
2,416
2,653
Accounts payable
9.87
36.8
Deferred revenue
0.29
0
0
1.84
1.88
Short-term debt
6.72
Total current liabilities
32.9
74.2
55.1
62.5
175
Long-term debt
681
665
666
668
669
Lease liabilities
15.5
14.9
15.5
27.9
Other non-current liabilities
21.2
9.32
2.19
2.23
3.59
Total liabilities
847
1,318
1,163
1,259
1,520
Total debt
687
665
666
668
669
Paid-in capital
289
1,699
1,701
1,911
2,101
Retained earnings
-47.8
-648
-581
-587
-793
Treasury stock
-49.3
-113
-128
-168
Other comprehensive income
-3.17
-25.5
-19.7
-39.2
-6.37
Shareholders' equity
262
291
1,139
1,152
1,157
1,133
Total equity
262
291
1,139
1,152
1,157
1,133
Total liabilities and equity
1,138
2,457
2,315
2,416
2,653
Shares outstanding
53
157
146
148
149
Cash flow statement
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-42
24.2
91.8
67.5
-5.91
-206
Depreciation and amortization
58
58.1
65.8
64.9
65.7
74
Stock-based compensation
0
0
14.6
1.6
12.8
16.6
Deferred income tax
-22.2
-2.68
-17
-25.8
-99.6
-74.1
Change in receivables
-9.57
11.7
-6.19
-14.4
-13.3
-6.95
Change in inventory
-10.1
11.2
-61.9
-2.04
29.9
-5.98
Change in payables
3.9
-9.61
9.7
-15.3
-0.75
6.23
Cash from operations
-0.31
70.8
-40.2
0.19
188
238
Capital expenditures
-8.86
-7.5
-8.61
-9.44
-15.5
-29.6
Acquisitions
-16.3
-1.97
Purchases of investments
0
-5.46
0
0
Cash from investing
-25.2
-9.47
-10.3
-14.9
-42.9
-107
Debt issued
16
0
Debt repaid
-5.61
-20.6
0
0
Stock issued
0
0
0
0
34.5
Share buybacks
0
-49.3
-64.1
-14.4
-40.4
Cash from financing
21
-45.6
-48.8
-64.5
8.35
-8.97
Exchange rate effect
-1.69
-3.09
0.43
-0.32
-2.62
5.11
Net change in cash
-6.14
12.7
-98.8
-79.5
151
127
Free cash flow
-9.16
63.3
-48.8
-9.24
173
209
Interest paid
44.7
45.4
35.5
37
37.3
36.7
Income taxes paid
8.17
19.3
13.5
26
74.6
48.9
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $29.11 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
54.7%
Gross profit / revenue.
Operating margin
-50.6%
Operating income / revenue.
EBITDA margin
-38.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-58.5%
Pre-tax income / revenue.
Net margin
-44.9%
Net income / revenue.
FCF margin
12.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
16.9%
Cash from operations / revenue.
Return on equity (ROE)
-33.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-10.5%
Net income / average total assets.
Return on invested capital (ROIC)
-14.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
12.6%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
2.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
4.0%
Capital expenditures / revenue.
D&A / revenue
12.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
16.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
21.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
18.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
42.9%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y
-304.8%
EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
26.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
20.7%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-2.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-0.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
9.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
2.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
3.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-4.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.57x
Current assets / current liabilities.
Quick ratio
0.76x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.26x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.18x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
37.3%
Total debt / total assets.
Liabilities / assets
68.5%
Total liabilities / total assets.
Net debt
$1.13B
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$2.08
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$4.63
Revenue / diluted weighted shares.
FCF per share
$0.59
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.78
Cash from operations / diluted weighted shares.
Book value per share
$6.24
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$4.76B
Share price x shares outstanding.
Enterprise value
$5.89B
Market cap + total debt - cash - short-term investments.
P/S
6.29x
Market cap / revenue.
P/B
4.66x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
49.1x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
37.3x
Market cap / cash from operations, when positive.
EV/Sales
7.78x
Enterprise value / revenue.
EV/FCF
60.7x
Enterprise value / free cash flow, when both are positive.
FCF yield
2.0%
Free cash flow / market cap.
Earnings yield
-7.1%
Net income / market cap (the inverse of P/E).
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was Perimeter Solutions, Inc.'s revenue in fiscal 2025?
Perimeter Solutions, Inc. reported revenue of $652.9M for fiscal 2025, 16.4% higher than the year before.
Was Perimeter Solutions, Inc. profitable in fiscal 2025?
No. It reported a net loss of $206.4M.
How much free cash flow did Perimeter Solutions, Inc. generate in fiscal 2025?
Cash from operations of $238.1M minus capital expenditures of $29.6M left free cash flow of $208.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.