Perimeter Solutions, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization expense $58.0m $58.1m $52.0m $65.8m $64.9m $65.7m $74.0m
Amortization of deferred financing costs $3.6m $3.5m $14.6m $1.6m $1.7m $1.7m $1.9m
Deferred income taxes ($22.2m) ($2.7m) ($11.2m) ($17.0m) ($25.8m) ($99.6m) ($74.1m)
Intangible impairment $0 $0 $40.7m $0 $0
Operating lease liabilities $0 $0 ($5.1m) ($4.2m) ($3.3m) ($4.9m)
Net (loss) income ($42.0m) $24.2m $20.6m $91.8m $67.5m ($5.9m) ($206.4m)
Founders advisory fees - related party (change in fair value) $0 $0 $0 ($53.5m) ($4.7m) ($2.7m) ($6.7m)
Interest and payment-in-kind on preferred stock $0 $0 $0 $6.5m $6.8m $7.1m $7.3m
Stock-based compensation $0 $0 $156k $14.6m $1.6m $12.8m $16.6m
Non-cash lease expense $0 $0 $5.4m $5.2m $5.1m $6.9m
Gain on contingent earn-out $0 $0 $3.0m ($12.7m) ($7.3m) $0 $0
Foreign currency (gain) loss ($5.6m) $4.0m $3.5m ($1.7m) $2.4m ($3.0m)
Loss on disposal of assets $0 $0 $9k $139k $66k $149k
Accounts receivable ($9.6m) $6.1m ($24.8m) ($6.2m) ($14.4m) ($13.3m) ($7.0m)
Inventories ($10.1m) $11.2m ($10.2m) ($61.9m) ($2.0m) $29.9m ($6.0m)
Prepaid expenses and other current assets $10.8m ($9.9m) ($9.4m) $1.9m $1.0m ($843k) $971k
Accounts payable $3.9m ($9.6m) $10.1m $9.7m ($15.3m) ($754k) $6.2m
Deferred revenue $0 $0 ($149k) ($383k) $0 $1.8m $37k
Income taxes payable, net ($5.9m) $18.8m $8.9m ($3.5m) ($13.3m) ($5.7m)
Accrued expenses and other current liabilities $11.6m ($6.5m) $7.4m ($647k) ($1.8m) $4.3m $4.2m
Finance lease liabilities $0 $0 ($282k) ($501k) ($489k)
Other, net $73k $75k ($741k) ($1.1m)
Purchase of property and equipment ($8.9m) ($7.5m) ($8.3m) ($8.6m) ($9.4m) ($15.5m) ($29.6m)
Purchase of intangible assets $0 $0 ($15.2m)
Proceeds from short-term investments $0 $0 $5.4m $0
Proceeds from exercises of warrants $0 $0 $529k $0 $23.5m $0
Proceeds from exercises of options $0 $0 $34.5m
Principal payments on finance lease obligations $0 $0 ($387k) ($740k) ($875k)
Payment for credit facility financing fees $0 $0 $0 $0 $0 $0 ($2.2m)
Liability portion of founders advisory fees - related party reclassified to additional paid in capital $0 $0 $19.6m $2.6m $8.5m $138.8m
Net cash provided by operating activities ($305k) $70.8m $68.0m ($40.2m) $193k $188.4m $238.1m
Purchase of businesses, net of cash acquired ($16.3m) ($2.0m) ($7.5m) $0 $0 ($32.8m) ($62.0m)
Purchase of short-term investments $0 ($5.5m) $0 $0
Net cash used in investing activities ($25.2m) ($9.5m) ($15.7m) ($10.3m) ($14.9m) ($42.9m) ($106.8m)
Common stock / ordinary shares repurchased $0 $0 ($49.3m) ($64.1m) ($14.4m) ($40.4m)
Net cash (used in) provided by financing activities $21.0m ($45.6m) ($64.2m) ($48.8m) ($64.5m) $8.3m ($9.0m)
Effect of foreign currency on cash and cash equivalents ($1.7m) ($3.1m) $435k $431k ($320k) ($2.6m) $5.1m
Net change in cash and cash equivalents ($6.1m) $12.7m ($11.5m) ($98.8m) ($79.5m) $151.2m $127.5m
Cash and cash equivalents, beginning of period $9.8m $22.5m $10.9m $126.8m $47.3m $198.5m $325.9m
Cash paid for interest $44.7m $45.4m $24.6m $35.5m $37.0m $37.3m $36.7m
Cash paid for income taxes $8.2m $19.3m $7.1m $13.5m $26.0m $74.6m $48.9m