AI-extracted from the 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 31% to $213.8M driven by fire safety and specialty products growth, but massive $266.3M founder advisory fair-value charge and acquisition-related costs pushed net loss to $181.6M.
Biggest Revenue Drivers
Fire Safety$129.1M+7% YoY
Higher fire retardant sales of $6.4M and suppressant sales of $2.4M, driven by North America fire retardant activity and international suppressant demand.
Specialty Products$84.7M+100% YoY
Increase primarily from recently acquired businesses contributing $47.9M, partially offset by $5.5M decline in base business.
Biggest Revenue Drivers
Total revenue: $213.8M+31% YoY
Fire Safety$129.1M+7% YoY
Higher fire retardant sales of $6.4M and suppressant sales of $2.4M, driven by North America fire retardant activity and international suppressant demand.
Specialty Products$84.7M+100% YoY
Increase primarily from recently acquired businesses contributing $47.9M, partially offset by $5.5M decline in base business.
Largest Expense Items
Founders advisory fees - related party$266.3M+175% YoY
Change in fair value of liability-classified advisory amounts due to stock price increase from $21.93 to $35.53 per share.
Cost of goods sold$95.9M+57% YoY
Increase primarily due to recently acquired businesses and inventory step-up purchase accounting impacts.
Amortization expense$24.0M+65% YoY
Increase driven by intangible assets from MMT acquisition completed January 22, 2026.
Selling, general and administrative expense$27.0M+69% YoY
Increase primarily attributable to recently acquired businesses.
Margins: Gross profit increased 16% to $117.9M despite revenue growth of 31%, as cost growth lagged revenue gains due to strong cost control and fixed cost leverage. However, operating loss of $203.0M reflects $266.3M founder advisory fair-value charges and elevated acquisition-related costs.
Watch Items from the Filing
Founder advisory fee liability of $630.6M (current and non-current combined) is highly volatile, remeasured quarterly using Monte Carlo valuation; increased $189.9M in first half of 2026 due to stock price appreciation.
MMT acquisition completed January 22, 2026 for $682.3M cash (55% of Q2 revenue), with $306.0M goodwill and $375.4M intangible assets; integration and revenue contribution risks present.
Operating cash flow turned negative at $(89.6)M for H1 2026 vs. positive $20.9M in H1 2025, driven by net loss and working capital investments; reflects acquisition financing demands.
Fire Safety segment comprises ~60% of revenue but Specialty Products grew 100% YoY; dependence on USDA Forest Service and government fire spending remains concentrated among few large customers.
Issued $550M senior secured notes due 2034 at 6.25% in January 2026; total debt now $1.225B with maturities in 2029 and 2034; leverage and interest coverage require sustained EBITDA growth.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Perimeter Solutions, Inc. (PRM): stock profile, AI score and financials
Perimeter Solutions, Inc. (PRM) stock profile, AI quality score, and SEC EDGAR financial data, a Healthcare sector company. 13F Pro's AI-powered ranking engine scores PRM at 48.6/100 on a composite quality score built from its SEC filings, placing it at rank #1,727 of 2,925 stocks — the bottom half of the AI-ranked universe. PRM scores in the top quartile across revenue growth (91.7), institutional flow (76.0). Areas of concern include profitability (10.9) and balance sheet strength (15.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Perimeter Solutions, Inc. reports quarterly revenue of $213.8M, net income of $-181.6M, an operating margin of -95.0%. PRM trades on the NYSE exchange and files with the SEC under CIK 1880319. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PRM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Perimeter Solutions, Inc. directly from SEC EDGAR.