VRT · XBRL financial data

Vertiv Holdings financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (VRT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	4,371	4,998	5,692	6,863	8,012	10,230
Cost of goods and services sold	2,897	3,475	4,075	4,463	5,078	6,515
Research and development	229	266	282	304	352	442
Selling, general and administrative	1,008	1,109	1,178	1,312	1,374	1,618
Other operating income (expense)	(2)	4	6	10	6	(1)
Operating income (loss)	214	260	223	872	1,367	1,830
Interest expense	150	91	147	180	150	86
Income tax expense (benefit)	73	47	90	74	270	409
Net income (loss)	(327)	120	77	460	496	1,333
Earnings per share, basic USD per share	(1.07)	0.34	0.20	1.21	1.32	3.49
Earnings per share, diluted USD per share	(1.07)	0.33	(0.04)	1.19	1.28	3.41
Weighted average shares, basic millions of shares	307	356	377	380	376	382
Weighted average shares, diluted millions of shares	307	360	378	386	386	391

Fiscal years (VRT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	535	439	261	780	1,228	1,728
Accounts receivable	1,354	1,536	1,889	2,185	2,363	3,109
Inventory	447	616	822	884	1,244	1,457
Total current assets	2,519	2,699	3,159	4,002	5,102	6,820
Property and equipment, net	428	489	489	560	625	922
Right-of-use asset	146	153	166	174	202	303
Goodwill	607	1,330	1,285	1,330	1,321	2,034
Total assets	5,074	6,940	7,096	7,999	9,133	12,212
Accounts payable	731	859	984	986	1,316	1,756
Accrued liabilities	902	953	872	612	613	772
Current portion of long-term debt	22	22	22	22	21	21
Total current liabilities	1,742	1,855	1,898	2,305	3,097	4,407
Long-term debt	2,131	2,951	3,169	2,919	2,907	2,892
Lease liability, non-current	107	114	130	141	167	245
Total liabilities	4,562	5,522	5,654	5,984	6,698	8,271
Retained earnings (accumulated deficit)	(1,331)	(1,215)	(1,143)	(692)	(238)	1,028
Total stockholders' equity	512	1,418	1,442	2,015	2,434	3,941
Total liabilities and equity	5,074	6,940	7,096	7,999	9,133	12,212
Common shares outstanding (cover page) millions of shares	351	376	378	382	381	383

Fiscal years (VRT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(327)	120	77	460	496	1,333
Stock-based compensation	13	23	25	25	35	46
Depreciation and amortization	203	227	302	271	277	309
Net cash from operating activities	209	211	(153)	901	1,319	2,114
Purchases of property and equipment	44	73	100	128	167	220
Net cash from investing activities	(46)	(1,217)	(112)	(139)	(202)	(1,501)
Proceeds from issuing common stock	1,833	0	0	—	—	—
Share repurchases	—	—	0	0	600	0
Dividends paid	3	4	4	10	42	67
Net cash from financing activities	141	915	100	(248)	(652)	(72)
Net change in cash	309	(96)	(174)	515	444	558

SIC 3679 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3679 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Vertiv Holdings	3,513	4,313	794*	385.1M	Q3 FY26 10-QSep 30, 2026
NXP Semiconductors	3,943	3,786	1,256*	252.1M	Q3 FY26 10-QSep 27, 2026
Marvell Technology	3,933	2,739	606*	876.9M	Q2 FY27 10-QAug 1, 2026
Microchip Technology	272	1,485	512	543.0M	Q1 FY27 10-QJun 30, 2026
Credo Technology Group Holding	467	479	90	188.0M	Q1 FY27 10-QAug 1, 2026
Analog Devices	2,166	4,022	1,604*	484.6M	Q3 FY26 10-QAug 1, 2026
Monolithic Power Systems	561	1,202	290*	48.8M	Q3 FY26 10-QSep 30, 2026
Jabil	1,739	10,616*	733*	103.0M	Q4 FY26 10-KAug 31, 2026
Intel	21,846	16,513	5,082*	5.3B	Q3 FY26 10-QSep 26, 2026

Not investment advice. Not affiliated with the U.S. SEC.