Perimeter Solutions, Inc. (PRM) FY2025 10-K Annual Report
Perimeter Solutions, Inc. (PRM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Perimeter Solutions, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Industrial products and services for firefighting, lubricant additives, electronic components, and medical device machinery
- • New focus: Acquired Medical Manufacturing Technologies, LLC in January 2026, adding medical device machinery segment with global footprint in 50 countries
- • Strategic shift: Completed redomiciliation from Luxembourg to Delaware in November 2024, aligning legal structure with US base
- • Quantitative metric: Employee count doubled post-MMT acquisition, adding 356 full-time employees to existing 356
- • Noteworthy fact: Fire Safety segment revenue heavily reliant on US government customers, USDA Forest Service and BLM accounted for 43% of 2025 consolidated revenues
Management Discussion & Analysis
- • No revenue figures or YoY changes disclosed in this section
- • No profitability or margin percentages reported in this section
- • No segment performance data included in this section
- • No cash flow, buybacks, dividends, or capex amounts discussed in this section
- • No management outlook, guidance, or emerging risks included in this section
Risk Factors
- • Legal risk: litigation costs $0.7M in 2025 from contractual dispute over control of P2S5 facility operated by Flexsys Chemical Company
- • Macroeconomic risk: inflation and supply chain inflation mitigated by volume aggregation, sourcing alternatives; tariffs so far immaterial due to domestic manufacturing
- • Operational risk: unplanned downtime at Sauget, Illinois tolling facility reduced Specialty Products base business revenue by $2.0M in 2025
- • Competitive risk: transition toward Fluorine-Free Foams (FFF), with Perimeter positioned as a leader amid accelerating fluorine-free market demand
- • Financial risk: leveraged financing from $550M 6.250% senior secured notes due 2034 raised Jan 2026 to fund MMT acquisition
Perimeter Solutions, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$653M
▲ +16.4% YoY
Net Income
-$206M
▼ -3394.8% YoY
Gross Margin
57.5%
▲ +94bp YoY
Operating Margin
-30.8%
▼ -3011bp YoY
Net Margin
-31.6%
▼ -3056bp YoY
ROE
-18.2%
▼ -1770bp YoY
Total Assets
$2.7B
▲ +9.8% YoY
EPS (Diluted)
$-1.37
▼ -3325.0% YoY
Operating Cash Flow
$238M
▲ +26.4% YoY
Source: XBRL data from Perimeter Solutions, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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