Perimeter Solutions, Inc. (PRM)

From the record

Perimeter Solutions, Inc.'s filings since 2021 show 2 warning events of 2 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-02-28); an auditor change (8-K item 4.01, the latest 2024-03-20) (its current reports).

From the record

Perimeter Solutions, Inc.'s 6 filed years say what it did: revenue went from $239 million in fiscal 2019 to $653 million in fiscal 2025, up 18.2% a year; it rose in 4 of 5 years; the deepest fall was 11% from fiscal 2022 to fiscal 2023; net income was positive in 3 of 6 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Perimeter Solutions, Inc.'s diluted share count shrank about 4.9% a year, and dividends and buybacks returned about 28% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 21 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Perimeter Solutions, Inc. lost about 18 cents for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns. Leverage: it owed about 57 cents per dollar of assets, and net share issuance: its share count grew 3.2% over the year (the filed statements).

From the record

Perimeter Solutions, Inc.'s standing among 15 graded names in its industry family: revenue of $653 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of -31.6% ranks in the bottom 37%; revenue growth of 21.9% a year over the last 3 filed years ranks in the top 10% (its annual reports).

From the record

Perimeter Solutions, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Haitham, Khouri (Chief Executive Officer, as filed), filing under that title since 2023-12-08, 2.9 years (bottom 46% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 5 years (top 41%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Perimeter Solutions, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $326 million against debt of $669 million leaves -12.9% of its assets as net cash, bottom 47% of its family; cash from operations less capital spending is 31.9% of revenue (top 3%); a gross margin of 57.5% (top 4%) (its annual report).

From the record

Perimeter Solutions, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 21.9% a year over the last three filed years against 18.2% over all 6, speeding up (top 4% of its family); the newest year grew 16.4% (top 27%); capital spending grew 50.9% a year (top 12%) (its annual reports). Perimeter Solutions, Inc. reported 2 lines of business in fiscal 2025: Fire Safety at $489 million (75%), Specialty Products at $164 million (25%); 2 of 2 grew against the year before (its annual report).

From the record

Perimeter Solutions, Inc.'s newest year against its own record: revenue of $653 million in fiscal 2025 came in 6.7% below the $700 million its prior three years' pace pointed to (bottom 13% of its family); net income of $206 million against a prior three-year average of $51 million (bottom 4%); a net margin of -31.6% against 15.1% before (bottom 13%) (its annual reports).