← Perma-Pipe International Holdings, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash and cash equivalents $7.6m $7.1m $10.2m $13.4m $7.2m $8.2m $5.8m $5.8m $15.7m $18.7m
Trade accounts receivable, less allowance for doubtful accounts of $1,571 at January 31, 2026 and $703 at January 31, 2025 — $32.9m $32.5m $29.4m $25.2m $44.4m $42.0m $46.6m $43.1m $66.0m
Inventories $13.6m $16.9m $12.3m $14.5m $12.2m $13.8m $14.7m $15.5m $16.6m $18.1m
Prepaid expenses and other current assets $2.2m $2.7m $3.8m $3.5m $4.1m $5.4m $7.4m $9.7m $10.0m $6.8m
Unbilled accounts receivable — — — — $247k $2.7m $11.6m $16.6m $18.9m $28.8m
Total current assets $57.8m $62.3m $63.0m $64.3m $53.9m $78.4m $85.7m $98.8m $108.8m $146.7m
Property, Plant and Equipment, Net $36.3m $34.5m $30.4m $28.6m $26.9m $24.8m $26.5m $37.6m $35.4m $44.1m
Goodwill $2.3m $2.4m $2.3m $2.3m $2.3m $2.3m $2.2m $2.2m $2.1m $2.2m
Operating lease right-of-use asset — — — $11.5m $13.4m $11.2m $4.5m $6.5m $8.2m $13.1m
Other long-term assets $5.2m $4.9m $6.1m $5.3m $5.4m $5.9m $3.3m $2.7m $4.2m $5.4m
Long-term assets
Restricted cash $1.1m $1.2m $2.6m $1.3m $1.2m $1.6m $1.0m $1.4m $1.4m $3.6m
Costs and estimated earnings in excess of billings on uncompleted contracts $2.1m $1.5m $1.7m $2.2m $4.0m $2.3m $3.1m $3.1m $2.9m $4.7m
Commissions and management incentives payable $1.8m $787k $1.9m $1.8m $218k $2.0m $2.7m $4.5m $5.8m $6.6m
Customers' deposits $2.6m $5.2m $3.7m $2.2m $2.1m $3.1m $2.0m $4.3m $2.5m $11.9m
Operating lease liability short-term — — — $1.0m $1.4m $1.5m $912k $914k $1.1m $2.2m
Billings in excess of costs and estimated earnings on uncompleted contracts $1.1m $2.0m $1.6m $1.2m $762k $1.3m $1.7m $495k $1.2m $2.2m
Income taxes payable $684k $1.3m $1.3m $664k $1.2m $2.0m $2.3m $2.4m $2.4m $3.9m
Long-term finance obligation — — — — $401k $173k $0 $11.8m $11.6m $8.5m
Deferred compensation liabilities $2.5m $4.1m $3.9m $4.2m $4.1m $3.4m $1.6m $1.2m $1.7m $1.8m
Non-controlling interest — — — — — — $0 $6.3m $11.0m $15.7m
Total long-term assets $7.5m $7.8m — — — $45.0m $37.3m $56.9m $56.4m $70.8m
Total long-term liabilities $12.2m $13.6m $12.8m $23.8m $25.1m $30.5m $21.4m $26.0m $28.1m $31.4m
Total assets $101.6m $104.6m $102.2m $112.2m $102.7m $123.4m $123.0m $155.7m $165.2m $217.5m
Total liabilities and stockholders' equity $101.6m $104.6m $102.2m $112.2m $102.7m $123.4m $123.0m $155.7m $165.2m $217.5m
Trade accounts payable $10.9m $14.2m $12.0m $9.6m $10.4m $13.6m $14.8m $25.3m $23.7m $24.5m
Accrued compensation and payroll taxes $4.2m $1.6m $1.5m $1.2m $1.4m $1.6m $1.2m $1.2m $1.4m $1.4m
Long-term Debt, Current Maturities, Excluding North American Revolving Line — — $640k $1.5m $3.9m $6.8m $6.2m $4.1m $2.5m $19.8m
Other accrued liabilities $2.4m $4.1m $3.9m $3.4m $2.6m $4.6m $5.5m $9.0m $6.7m $7.2m
Long-Term Debt, Excluding Current Maturities $7.3m $7.7m $6.8m $6.7m $6.3m $5.1m $4.4m $4.2m $3.7m $4.2m
Total current liabilities $30.0m $39.2m $37.1m $32.8m $28.3m $38.4m $43.8m $57.7m $54.1m $79.8m
Deferred tax liabilities — $1.2m $1.4m $1.1m $914k $712k $909k $1.2m $1.3m $1.8m
Operating lease liability long-term — — — $11.2m $13.2m $11.3m $4.3m $6.3m $7.7m $12.1m
Other long-term liabilities $540k $524k $688k $575k $650k $800k $1.0m $1.3m $2.1m $3.0m
Common stock, $.01 par value, authorized 50,000 shares; 8,122 issued and outstanding at January 31, 2026 and 7,983 issued and outstanding at January 31, 2025 76k 77k 79k 80k 82k 82k 80k 80k 80k 81k
Additional paid-in capital $53.7m $56.3m $58.8m $60.0m $60.9m $61.8m $62.6m $60.1m $60.2m $61.1m
Retained earnings $8.5m ($3.1m) ($3.6m) ($715k) ($8.4m) ($2.3m) $1.6m $12.1m $20.1m $37.1m
Accumulated other comprehensive loss ($2.7m) ($1.5m) ($2.9m) ($3.8m) ($3.3m) ($3.1m) ($6.4m) ($5.6m) ($8.2m) ($7.7m)
Total stockholders' equity $59.4m $51.8m $52.4m $55.6m $49.3m $54.5m $57.8m $65.7m $72.1m $90.6m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.