← Perimeter Solutions, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization expense | $58.0m | $58.1m | $52.0m | $65.8m | $64.9m | $65.7m | $74.0m | $95.3m | |
| Amortization of deferred financing costs | $3.6m | $3.5m | $14.6m | $1.6m | $1.7m | $1.7m | $1.9m | — | |
| Deferred income taxes | ($22.2m) | ($2.7m) | ($11.2m) | ($17.0m) | ($25.8m) | ($99.6m) | ($74.1m) | ($136.2m) | |
| Stock-based compensation | $0 | $0 | $156k | $14.6m | $1.6m | $12.8m | $16.6m | $17.2m | |
| Intangible impairment | — | — | $0 | $0 | $40.7m | $0 | $0 | — | |
| Accounts receivable | ($9.6m) | $6.1m | ($24.8m) | ($6.2m) | ($14.4m) | ($13.3m) | ($7.0m) | ($12.9m) | |
| Inventories | ($10.1m) | $11.2m | ($10.2m) | ($61.9m) | ($2.0m) | $29.9m | ($6.0m) | ($2k) | |
| Accounts payable | $3.9m | ($9.6m) | $10.1m | $9.7m | ($15.3m) | ($754k) | $6.2m | $1.5m | |
| Deferred revenue | $0 | $0 | ($149k) | ($383k) | $0 | $1.8m | $37k | — | |
| Accrued expenses and other current liabilities | $11.6m | ($6.5m) | $7.4m | ($647k) | ($1.8m) | $4.3m | $4.2m | — | |
| Prepaid expenses and other current assets | $10.8m | ($9.9m) | ($9.4m) | $1.9m | $1.0m | ($843k) | $971k | — | |
| Net cash provided by operating activities | ($305k) |
$70.8m
+23321.64%
|
$68.0m
-4.00%
|
($40.2m)
-159.08%
|
$193k
+100.48%
|
$188.4m
+97510.36%
|
$238.1m
+26.41%
|
$127.6m
-46.40%
|
|
| Purchase of property and equipment | ($8.9m) | ($7.5m) | ($8.3m) | ($8.6m) | ($9.4m) | ($15.5m) | ($29.6m) | ($30.5m) | |
| Proceeds from short-term investments | — | — | — | $0 | $0 | $5.4m | $0 | — | |
| Purchase of short-term investments | — | — | — | $0 | ($5.5m) | $0 | $0 | — | |
| Net cash used in investing activities | ($25.2m) | ($9.5m) | ($15.7m) | ($10.3m) | ($14.9m) | ($42.9m) | ($106.8m) | ($764.8m) | |
| Common stock / ordinary shares repurchased | — | $0 | $0 | ($49.3m) | ($64.1m) | ($14.4m) | ($40.4m) | — | |
| Net cash (used in) provided by financing activities | $21.0m |
($45.6m)
-316.88%
|
($64.2m)
-40.78%
|
($48.8m)
+23.98%
|
($64.5m)
-32.04%
|
$8.3m
+112.95%
|
($9.0m)
-207.45%
|
— | |
| Cash and cash equivalents, beginning of period | $9.8m | $22.5m | $10.9m | $126.8m | $47.3m | $198.5m | $325.9m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Net (loss) income | ($42.0m) | $24.2m | $20.6m | $91.8m | $67.5m | ($5.9m) | ($206.4m) | — | |
| Founders advisory fees - related party (change in fair value) | $0 | $0 | $0 | ($53.5m) | ($4.7m) | ($2.7m) | ($6.7m) | — | |
| Interest and payment-in-kind on preferred stock | $0 | $0 | $0 | $6.5m | $6.8m | $7.1m | $7.3m | — | |
| Non-cash lease expense | — | $0 | $0 | $5.4m | $5.2m | $5.1m | $6.9m | — | |
| Gain on contingent earn-out | $0 | $0 | $3.0m | ($12.7m) | ($7.3m) | $0 | $0 | — | |
| Foreign currency (gain) loss | — | ($5.6m) | $4.0m | $3.5m | ($1.7m) | $2.4m | ($3.0m) | — | |
| Loss on disposal of assets | — | $0 | $0 | $9k | $139k | $66k | $149k | — | |
| Income taxes payable, net | — | ($5.9m) | $18.8m | $8.9m | ($3.5m) | ($13.3m) | ($5.7m) | — | |
| Operating lease liabilities | — | $0 | $0 | ($5.1m) | ($4.2m) | ($3.3m) | ($4.9m) | — | |
| Finance lease liabilities | — | — | $0 | $0 | ($282k) | ($501k) | ($489k) | — | |
| Other, net | — | — | — | $73k | $75k | ($741k) | ($1.1m) | — | |
| Purchase of intangible assets | — | — | — | — | $0 | $0 | ($15.2m) | — | |
| Purchase of businesses, net of cash acquired | ($16.3m) | ($2.0m) | ($7.5m) | $0 | $0 | ($32.8m) | ($62.0m) | ($734.3m) | |
| Proceeds from exercises of warrants | — | $0 | $0 | $529k | $0 | $23.5m | $0 | — | |
| Proceeds from exercises of options | — | — | — | — | $0 | $0 | $34.5m | — | |
| Principal payments on finance lease obligations | — | — | $0 | $0 | ($387k) | ($740k) | ($875k) | — | |
| Payment for credit facility financing fees | $0 | $0 | $0 | $0 | $0 | $0 | ($2.2m) | — | |
| Effect of foreign currency on cash and cash equivalents | ($1.7m) | ($3.1m) | $435k | $431k | ($320k) | ($2.6m) | $5.1m | — | |
| Net change in cash and cash equivalents | ($6.1m) | $12.7m | ($11.5m) | ($98.8m) | ($79.5m) | $151.2m | $127.5m | — | |
| Cash paid for interest | $44.7m | $45.4m | $24.6m | $35.5m | $37.0m | $37.3m | $36.7m | — | |
| Cash paid for income taxes | $8.2m | $19.3m | $7.1m | $13.5m | $26.0m | $74.6m | $48.9m | — | |
| Liability portion of founders advisory fees - related party reclassified to additional paid in capital | — | $0 | $0 | $19.6m | $2.6m | $8.5m | $138.8m | — |