Perimeter Solutions, Inc. income statement
In fiscal 2025, Perimeter Solutions, Inc. reported revenue of $653m, up 16.4% on the year before, operating income of −$201m (a -30.8% margin) and net income of −$206m, or −$1.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 239 | 340 | 361 | 322 | 561 | 653 | 757 |
| Cost of revenue | 155 | 178 | 232 | 194 | 244 | 278 | 343 |
| Gross profit | 84 | 162 | 129 | 128 | 317 | 375 | 414 |
| Selling, general and administrative | 36 | 38 | 60 | 47 | 67 | 78 | 95 |
| Operating income | −6 | 71 | 130 | 94 | −4 | −201 | −383 |
| Interest expense | 52 | 42 | 43 | 41 | 40 | 39 | 64 |
| Income before tax | −60 | 35 | 97 | 62 | −47 | −236 | −443 |
| Income tax | −18 | 10 | 5 | −6 | −41 | −30 | −104 |
| Net income | −42 | 24 | 92 | 67 | −6 | −206 | −340 |
| Diluted EPS | −$0.79 | $0.46 | $0.52 | $0.41 | −$0.04 | −$1.37 | −$2.17 |
| Diluted shares (average) | 53m | 53m | 175m | 166m | 146m | 150m | 157m |
| EBITDA | 52 | 130 | 196 | 159 | 62 | −127 | −288 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 288 | 86 | 72 | 163 | 315 | 103 | 125 | 214 |
| Cost of revenue | 107 | 44 | 44 | 61 | 116 | 56 | 74 | 96 |
| Gross profit | 181 | 42 | 28 | 101 | 199 | 46 | 51 | 118 |
| Selling, general and administrative | 19 | 21 | 16 | 16 | 23 | 22 | 23 | 27 |
| Operating income | −35 | 61 | 78 | −26 | −87 | −165 | 72 | −203 |
| Interest expense | 10 | 9 | 10 | 10 | 10 | 10 | 24 | 20 |
| Income before tax | −44 | 50 | 69 | −34 | −97 | −174 | 50 | −221 |
| Income tax | 45 | −94 | 12 | −2 | −6 | −34 | −23 | −40 |
| Net income | −89 | 144 | 57 | −32 | −91 | −140 | 73 | −182 |
| Diluted EPS | −$0.61 | $0.99 | $0.36 | −$0.22 | −$0.62 | −$0.92 | $0.44 | −$1.11 |
| EBITDA | −19 | 78 | 95 | −8 | −69 | −145 | 100 | −174 |
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