Short answer
Perimeter Solutions, Inc. (PRM) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $653M (+16.4% year over year) and net income of −$206M.
- Top risk flagged: Legal risk: litigation costs $0.7M in 2025 from contractual dispute over control of P2S5 facility operated by Flexsys Chemical Company
FY2025 key financial metrics · XBRL
- Revenue
- $653M
- +16.4% YoY
- Net income
- −$206M
- −3394.8% YoY
- Operating margin
- -30.8%
- −30.1 pp YoY
- Gross margin
- 57.5%
- +0.9 pp YoY
- EPS (diluted)
- −$1.37
- −3325.0% YoY
- ROE
- -18.2%
- −17.7 pp YoY
- Operating cash flow
- $238M
- +26.4% YoY
Source: XBRL data from the Perimeter Solutions, Inc. (PRM) FY2025 10-K on SEC EDGAR. USD.
Perimeter Solutions, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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 profitability or margin percentages reported 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
Generated from the filing text; verify against the original. How to read a 10-K
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