Perimeter Solutions SA (PRM) financial statements
Perimeter Solutions SA reported revenue of $653M in fiscal 2025, up 22.2% a year over 5 years.
Net income was -$206M and the operating margin -30.8%, against -2.4% in 2019.
Free cash flow was $209M, and the company returned $40M in net buybacks.
The diluted share count rose 183% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Perimeter Solutions SA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $239M | $340M | $361M | $322M | $561M | $653M |
| Cost of revenue | $155M | $178M | $232M | $194M | $244M | $278M |
| Gross profit | $84M | $162M | $129M | $128M | $317M | $375M |
| Selling, general and admin | $36M | $38M | $60M | $47M | $67M | $78M |
| Operating income | -$6M | $71M | $130M | $94M | -$4M | -$201M |
| Interest expense | $52M | $42M | $43M | $41M | $40M | $39M |
| Pre-tax income | -$60M | $35M | $97M | $62M | -$47M | -$236M |
| Income tax | -$18M | $10M | $5M | -$6M | -$41M | -$30M |
| Net income | -$42M | $24M | $92M | $67M | -$6M | -$206M |
| EPS (diluted) | -$0.79 | $0.46 | $0.52 | $0.41 | -$0.04 | -$1.37 |
| Diluted shares | 53M | 53M | 175M | 166M | 146M | 150M |
| Gross margin | 35.1% | 47.7% | 35.7% | 39.8% | 56.5% | 57.5% |
| Operating margin | -2.4% | 21.0% | 36.1% | 29.3% | -0.7% | -30.8% |
| Net margin | -17.6% | 7.1% | 25.5% | 21.0% | -1.1% | -31.6% |
Balance sheet
Fiscal years, from Perimeter Solutions SA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $10M | $22M | $127M | $53M | $198M | $326M |
| Receivables | — | $29M | $27M | $40M | $56M | $64M |
| Inventory | — | $59M | $143M | $146M | $116M | $140M |
| Total current assets | — | $133M | $309M | $251M | $394M | $564M |
| Property, plant and equipment | — | $48M | $59M | $59M | $65M | $85M |
| Goodwill | $473M | $482M | $1.0B | $1.0B | $1.0B | $1.1B |
| Total assets | — | $1.1B | $2.5B | $2.3B | $2.4B | $2.7B |
| Total current liabilities | — | $33M | $74M | $55M | $62M | $175M |
| Long-term debt | — | $681M | $665M | $666M | $668M | $669M |
| Total liabilities | — | $847M | $1.3B | $1.2B | $1.3B | $1.5B |
| Shareholders' equity | $262M | $291M | $1.1B | $1.2B | $1.2B | $1.1B |
| Net debt | -$10M | $665M | $539M | $619M | $469M | $343M |
Cash flow
Fiscal years, from Perimeter Solutions SA's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$305,000 | $71M | -$40M | $193,000 | $188M | $238M |
| Capital spending | $9M | $7M | $9M | $9M | $16M | $30M |
| Free cash flow | -$9M | $63M | -$49M | -$9M | $173M | $209M |
| Stock-based compensation | $0 | $0 | $15M | $2M | $13M | $17M |
| Share buybacks (net) | — | $0 | -$49M | -$64M | -$14M | -$40M |
| Free cash flow margin | -3.8% | 18.6% | -13.5% | -2.9% | 30.8% | 31.9% |
Questions
What was Perimeter Solutions SA's revenue in 2025?
$653M in fiscal 2025, from its 10-K filing.
How much free cash flow does Perimeter Solutions SA generate?
$209M in fiscal 2025 (operating cash flow minus capital spending).
From Perimeter Solutions SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.