← Vertiv Holdings Co

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value — — — $534.6m $439.1m $260.6m $780.4m $1.2b $1.7b
Cash and cash equivalents — — $223.5m $534.6m $439.1m $260.6m $780.4m $1.2b $1.7b
Short-term investments — — — — — — — $0 $99.5m
Accounts receivable, less allowances of $25.6 and $22.4, respectively — — $1.2b $1.4b $1.5b $1.9b $2.2b $2.4b $3.1b
Other current assets — — $180.7m $183.2m $106.8m $187.3m $151.6m $267.1m $426.1m
Accounts Receivable — — — — — $1.9b $2.1b $2.4b $3.1b
Allowance For Doubtful Accounts Receivable — — — — — ($18.4m) ($29.1m) ($22.4m) ($25.6m)
Cash Cash Equivalents And Short Term Investments — — — — — $260.6m $780.4m $1.2b $1.8b
Gross Accounts Receivable — — — — — $1.9b $2.1b $2.4b $3.1b
Other Short Term Investments — — — — — — — $0 $99.5m
Inventory, Net — — $401.0m $446.6m $616.3m $822.0m $884.3m $1.2b $1.5b
Assets, Current $25k $1.2m $709.1m $2.5b $2.7b $3.2b $4.0b $5.1b $6.8b
Total current assets $25k $1.2m $709.1m $2.5b $2.7b $3.2b $4.0b $5.1b $6.8b
Property, Plant and Equipment, Net — — $428.2m $427.6m $489.3m $489.4m $560.1m $625.1m $921.8m
Goodwill — — $605.8m $607.2m $1.3b $1.3b $1.3b $1.3b $2.0b
Intangible Assets, Net (Excluding Goodwill) — — — $1.3b $2.1b $1.8b $1.7b $1.5b $1.9b
Other intangible assets, net — — $1.4b $1.3b $2.1b $1.8b $1.7b $1.5b $1.9b
Goodwill And Other Intangible Assets — — — — — $3.1b $3.0b $2.8b $3.9b
Other Intangible Assets — — — — — $1.8b $1.7b $1.5b $1.9b
Operating Lease, Right-of-Use Asset — — — $145.8m $152.9m $166.4m $173.5m $202.1m $303.0m
Other Assets, Noncurrent — — — $196.8m $235.5m $134.0m $100.4m $92.0m $60.0m
Right-of-use assets, net — — — — $152.9m $166.4m $173.5m $202.1m $303.0m
Total other assets — — $2.2b $2.1b $3.8b $3.4b $3.4b $3.4b $4.5b
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — — — $1.4b $1.5b $1.9b $2.2b $2.4b $3.1b
Accrued Liabilities, Current — — — $901.8m $953.4m $872.4m $611.8m $612.6m $771.6m
Deferred income taxes — — $124.7m $116.5m $198.8m $176.5m $159.5m $240.3m $232.8m
Other — — $155.4m $196.8m $235.5m $134.0m $100.4m $92.0m $60.0m
Deferred revenue — — — — — $358.7m $638.9m $1.1b $1.8b
Income taxes — — $15.2m $18.8m $21.1m $19.7m $46.5m $83.7m $43.4m
Long-term lease liabilities — — — — $115.5m $132.0m $142.6m $171.4m $245.2m
Accumulated Depreciation — — — — — ($310.9m) ($372.0m) ($434.0m) ($526.3m)
Buildings And Improvements — — — — — $312.4m $343.6m $362.1m $408.7m
Capital Lease Obligations — — — — — $177.2m $185.5m $217.1m $314.9m
Construction In Progress — — — — — $41.5m $67.5m $87.5m $123.3m
Current Accrued Expenses — — — — — $468.5m $568.9m $566.9m $701.9m
Current Capital Lease Obligation — — — — — $45.2m $42.9m $45.7m $69.7m
Current Debt — — — — — $21.8m $21.8m $21.0m $20.9m
Current Debt And Capital Lease Obligation — — — — — $67.0m $64.7m $66.7m $90.6m
Current Deferred Liabilities — — — — — $358.7m $638.9m $1.1b $1.8b
Derivative Product Liabilities — — — — $149.6m $58.7m $195.0m $0 —
Finished Goods — — — — — $276.5m $261.6m $400.8m $555.4m
Gross PPE — — — — — $966.7m $1.1b $1.3b $1.8b
Income Tax Payable — — — — — $19.7m $46.5m $83.7m $43.4m
Invested Capital — — — — — $4.6b $5.0b $5.4b $6.9b
Land And Improvements — — — — — $41.0m $41.3m $39.4m $42.1m
Long Term Capital Lease Obligation — — — — — $132.0m $142.6m $171.4m $245.2m
Machinery Furniture Equipment — — — — — $405.4m $479.7m $570.1m $874.1m
Net Debt — — — — — $2.9b $2.2b $1.7b $1.2b
Net PPE — — — — — $655.8m $733.6m $827.2m $1.2b
Net Tangible Assets — — — — — ($1.7b) ($988.3m) ($373.9m) $12.8m
Non Current Deferred Assets — — — — — $46.4m $159.8m $303.3m $179.6m
Non Current Deferred Liabilities — — — — — $176.5m $159.5m $240.3m $232.8m
Non Current Deferred Taxes Assets — — — — — $46.4m $159.8m $303.3m $179.6m
Ordinary Shares Number — — — — — $377.4m $381.8m $380.7m $382.6m
Other Current Borrowings — — — — — $21.8m $21.8m $21.0m $20.9m
Other Current Liabilities — — — — $330.5m $294.9m — — —
Other Equity Adjustments — — — — — ($46.2m) ($4.5m) ($148.8m) $18.2m
Other Non Current Assets — — — — — $134.0m $100.4m $92.0m $60.0m
Other Non Current Liabilities — — — — — $219.6m $262.0m $282.3m $494.0m
Other Properties — — — — — $166.4m $173.5m $202.1m $303.0m
Properties — — — — — $0 $0 $0 $0
Raw Materials — — — — — $377.2m $484.3m $564.7m $680.6m
Share Issued — — — — — $377.4m $381.8m $380.7m $382.6m
Tangible Book Value — — — — — ($1.7b) ($988.3m) ($373.9m) $12.8m
Work In Process — — — — — $168.3m $138.4m $278.9m $220.5m
Working Capital — — — — — $1.3b $1.7b $2.0b $2.4b
Total equity $24k $5.0m $5.0m $668.3m $1.4b $1.4b $2.0b $2.4b $3.9b
Total Capitalization — — — — — $4.6b $4.9b $5.3b $6.8b
Total Debt — — — — — $3.4b $3.1b $3.1b $3.2b
Total Non Current Assets — — — — — $3.9b $4.0b $4.0b $5.4b
Total Tax Payable — — — — — $19.7m $46.5m $83.7m $43.4m
Assets $25k $697.3m $709.1m $5.1b $6.9b $7.1b $8.0b $9.1b $12.2b
Total assets $25k $697.3m $709.1m $5.1b $6.9b $7.1b $8.0b $9.1b $12.2b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — — $42.3m $42.1m $45.2m $42.9m $45.7m $69.7m
Accounts Payable, Current $1k $644k $636.8m $730.5m $858.5m $984.0m $986.4m $1.3b $1.8b
Operating Lease, Liability, Noncurrent — — — $107.3m $113.6m $130.4m $141.0m $166.7m $244.8m
Long-term Debt, Excluding Current Maturities — — — $2.1b $3.0b $3.2b $2.9b $2.9b $2.9b
Long-term Debt, Current Maturities — — — $22.0m $21.8m $21.8m $21.8m $21.0m $20.9m
Long-term Debt, Excluding Current Maturities — — — $2.1b $3.0b $3.2b $2.9b $2.9b $2.9b
Current portion of long-term debt — — — $22.0m $21.8m $21.8m $21.8m $21.0m $20.9m
Accrued expenses and other liabilities — — $867.7m $901.8m $953.4m $872.4m $611.8m $612.6m $771.6m
Payables And Accrued Expenses — — — — — $1.5b $1.6b $2.0b $2.5b
Liabilities, Current $1k $1.3m $30.8m $1.7b $1.9b $1.9b $2.3b $3.1b $4.4b
Total current liabilities $1k $1.3m $30.8m $1.7b $1.9b $1.9b $2.3b $3.1b $4.4b
Deferred Income Tax Liabilities, Net — — — $116.5m $198.8m $176.5m $159.5m $240.3m $232.8m
Other Liabilities, Noncurrent — — — $485.4m $368.2m $219.6m $262.0m $282.3m $494.0m
Long-term debt, net — — $3.5b $2.1b $3.0b $3.2b $2.9b $2.9b $2.9b
Other long-term liabilities — — $250.5m $485.4m $368.2m $219.6m $262.0m $282.3m $494.0m
Long Term Debt And Capital Lease Obligation — — — — — $3.3b $3.1b $3.1b $3.1b
Non Current Deferred Taxes Liabilities — — — — — $176.5m $159.5m $240.3m $232.8m
Deferred Tax Liabilities, Net — — — $95.6m $150.9m $130.1m — — $53.2m
Liabilities $1k $25.4m $30.8m $4.6b $5.5b $5.7b $6.0b $6.7b $8.3b
Total liabilities $1k $25.4m $30.8m $4.4b $5.5b $5.7b $6.0b $6.7b $8.3b
Commitments and Contingencies — — — — $0 $0 $0 — —
Stockholders’ equity:
Preferred Stock, Value, Issued — — — $0 $0 $0 $0 $0 $0
Common Stock, Value, Issued — — — $0 $0 $0 $0 $0 $0
Additional Paid in Capital $327k $272k $277.7m $1.8b $2.6b $2.6b $2.7b $2.8b $2.9b
Retained Earnings (Accumulated Deficit) ($305k) $4.7m $5.0m ($1.3b) ($1.2b) ($1.1b) ($691.9m) ($238.3m) $1.0b
Accumulated Other Comprehensive Income (Loss), Net of Tax — — — $51.5m $35.6m ($46.2m) ($4.5m) ($148.8m) $18.2m
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding — — 0 0 0 0 0 0 0
Common stock, $0.0001 par value, 700,000,000 shares authorized, 382,553,680 and 380,703,974 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 2k 2k 2k 0 0 0 0 0 0
Accumulated other comprehensive (loss) income — — $18.1m $51.5m $35.6m ($46.2m) ($4.5m) ($148.8m) $18.2m
Capital Stock — — — — — $0 $0 $0 $0
Gains Losses Not Affecting Retained Earnings — — — — — ($46.2m) ($4.5m) ($148.8m) $18.2m
Preferred Stock — — — — — $0 $0 $0 $0
Stockholders' Equity Attributable to Parent $24k $5.0m $5.0m $512.1m $1.4b $1.4b $2.0b $2.4b $3.9b
Total Equity Gross Minority Interest — — — — — $1.4b $2.0b $2.4b $3.9b
Total Non Current Liabilities Net Minority Interest — — — — — $3.8b $3.7b $3.6b $3.9b
Liabilities and Equity $25k $697.3m $709.1m $5.1b $6.9b $7.1b $8.0b $9.1b $12.2b
Total liabilities and equity $25k $697.3m $709.1m $5.1b $6.9b $7.1b $8.0b $9.1b $12.2b

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

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.