Perimeter Group Inc. (PRM) Form 10-Q — Nov 5, 2026
Perimeter Group reported Q3 2026 net sales of $389.9 million, up 24% year over year, and net income of $304.5 million (diluted EPS $1.74) versus a $90.7 million loss in Q3 2025. The profitability swing was heavily aided by a $239.5 million non-cash reduction in the fair value of liability-classified EverArc founder advisory fees; nine-month operating cash flow nonetheless fell to $73.5 million from $219.5 million on working capital build and advisory cash settlements. Growth was driven by acquisitions (MMT for $682.3 million and Monaco for $117.1 million) plus a strong fire season, funded by a new $550.0 million 6.250% note issuance that lifted total debt to $1.2 billion.
Key figures
- Eps
- 1.74
- Revenue
- 389865000
- Net Income
- 304466000
- Total Debt
- 1210852000
- Revenue Yoy
- 24%
- Total Assets
- 3395700000
- Cash Position
- 115911000
- Shares Outstanding
- 163821923
- 2029 notes
- $675.0 million at 5.00%, due October 30, 2029
- 2034 notes
- $550.0 million at 6.250%, due January 15, 2034
- Q3 gross profit
- $238.4 million
- Nine month revenue
- $728.7 million (+32% YoY)
- Mmt acquisition price
- $682.3 million
- Nine month net income
- $195.8 million vs. $(66.1) million loss prior year
- Monaco acquisition price
- $117.1 million
- Segment adjusted ebitda q3
- $223.5 million
- Founder advisory fee gain q3
- $(239.5) million (non-cash)
- Share repurchase availability
- $100.0 million
- Preferred dividends in arrears
- $20.6 million
- Operating cash flow nine months
- $73.5 million vs $219.5 million prior year
AI analysis
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