Perimeter Solutions, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $652.9M | $561.0M | $322.1M | $360.5M | $341.3M | $339.6M | $239.3M |
| Cost of Revenue | $277.7M | $243.9M | $193.8M | $231.9M | $172.1M | $177.5M | $155.4M |
| Gross Profit | $375.2M | $317.1M | $128.3M | $128.7M | $169.2M | $162.0M | $83.9M |
| Gross Margin | 57.5% | 56.5% | 39.8% | 35.7% | 49.6% | 47.7% | 35.1% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $77.6M | $66.9M | $46.5M | $60.3M | $39.0M | $37.7M | $36.2M |
| Operating Income | $-200.9M | $-3.8M | $94.5M | $130.1M | $80.6M | $71.5M | $-5.8M |
| Operating Margin | -30.8% | -0.7% | 29.3% | 36.1% | 23.6% | 21.0% | -2.4% |
| Interest Expense | — | — | $41.4M | $42.6M | $39.1M | $42.0M | $51.7M |
| Pretax Income | $-236.2M | $-46.9M | $61.6M | $97.2M | $34.8M | $34.7M | $-59.7M |
| Income Tax Expense | $-29.9M | $-41.0M | $-5.9M | $5.5M | $14.1M | $10.5M | $-17.7M |
| Net Income | $-206.4M | $-5.9M | $67.5M | $91.8M | $20.6M | $24.2M | $-42.0M |
| Net Margin | -31.6% | -1.1% | 21.0% | 25.5% | 6.0% | 7.1% | -17.6% |
| EPS (Basic) | $-1.37 | $-0.04 | $0.44 | $0.57 | $0.13 | $0.15 | $-0.26 |
| EPS (Diluted) | $-1.37 | $-0.04 | $0.41 | $0.52 | $0.13 | $0.15 | $-0.26 |
| Shares Outstanding (Basic) | 150.4M | 145.7M | 154.7M | 160.9M | 159.1M | 159.1M | 159.1M |
| Shares Outstanding (Diluted) | 150.4M | 145.7M | 166.5M | 175.1M | 159.1M | 159.1M | 159.1M |
| Dividends Per Share | — | — | — | — | — | — | — |