Vertiv Holdings Co (VRT) Financial Statements

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Vertiv Holdings Co financial statements at a glance

Vertiv Holdings Co reported revenue of $10.23 billion for fiscal year 2025 (ended December 31, 2025), up 27.7% from fiscal year 2024. Net income was $1.33 billion, a net margin of 13.0%, and diluted earnings per share were $3.41.

At the end of fiscal year 2025 it had total assets of $12.21 billion, total liabilities of $8.27 billion and shareholders' equity of $3.94 billion, with cash and short-term investments of $1.83 billion and total debt of $3.23 billion.

Its operations brought in $2.11 billion of cash; capital spending was $226.40 million, leaving free cash flow of $1.89 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

VRT logo

Vertiv Holdings Co

VRTUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
10.23B
Prev Year: 8.01B
YoY: +27.7%
Operating Revenue
10.23B
Prev Year: 8.01B
YoY: +27.7%
Normalized EBITDA
2.20B
Prev Year: 1.66B
YoY: +32.9%
Tax Rate for Calcs
0.235
Prev Year: 0
Tax Effect of Unusual Items
-16.03M
Prev Year: -164.10M
YoY: +90.2%
Diluted NI Available to Com Stockholders
1.33B
Prev Year: 495.80M
YoY: +168.8%
Other Income Expense
-68.20M
Prev Year: -466.20M
YoY: +85.4%
Special Income Charges
-56.20M
Prev Year: -7.70M
YoY: -629.9%
Other Special Charges
1.70M
Prev Year: 2.40M
YoY: -29.2%
Restructuring and Mergers Acquisition
54.50M
Prev Year: 5.30M
YoY: +928.3%
Gain on Sale of Securities
-12.00M
Prev Year: -458.50M
YoY: +97.4%
Depreciation Amortization Depletion
200.40M
Prev Year: 184.20M
YoY: +8.8%
Depreciation and amortization
200.40M
Prev Year: 184.20M
YoY: +8.8%
Amortization
200.40M
Prev Year: 184.20M
YoY: +8.8%
Amortization of Intangibles
200.40M
Prev Year: 184.20M
YoY: +8.8%
Cost of Revenue
6.51B
Prev Year: 5.08B
YoY: +28.3%
Gross Profit
3.72B
Prev Year: 2.93B
YoY: +26.6%
Operating Expense
1.82B
Prev Year: 1.55B
YoY: +17.2%
Selling General and Administrative
1.62B
Prev Year: 1.37B
YoY: +17.7%
Other Operating Expenses
800.0K
Prev Year: -6.00M
YoY: +113.3%
Operating Income
1.90B
Prev Year: 1.38B
YoY: +37.2%
Net Non Operating Interest Income Expense
-86.10M
Prev Year: -150.40M
YoY: +42.8%
Non-operating Interest Expense
86.10M
Prev Year: 150.40M
YoY: -42.8%
Pre-tax Income
1.74B
Prev Year: 765.40M
YoY: +127.6%
Provision for Income Taxes
409.10M
Prev Year: 269.60M
YoY: +51.7%
Net Income Common Stockholders
1.33B
Prev Year: 495.80M
YoY: +168.8%
Net Income
1.33B
Prev Year: 495.80M
YoY: +168.8%
Net Income Including Non-Controlling Interests
1.33B
Prev Year: 495.80M
YoY: +168.8%
Net Income from Continuing Operations
1.33B
Prev Year: 495.80M
YoY: +168.8%
Basic EPS
3.49
Diluted EPS
3.41
Average Dilution Earnings
-
Prev Year: 0
Weighted Average Shares (basic)
381.71M
Weighted Average Shares (diluted)
390.65M
Total Operating Income as Reported
1.83B
Prev Year: 1.37B
YoY: +33.8%
Total Expenses
8.33B
Prev Year: 6.63B
YoY: +25.7%
Net Income from Continuing and Discontinued Operation
1.33B
Prev Year: 495.80M
YoY: +168.8%
Normalized Income
1.38B
Prev Year: 797.90M
YoY: +73.6%
Interest Expense
86.10M
Prev Year: 150.40M
YoY: -42.8%
Net Interest Income
-86.10M
Prev Year: -150.40M
YoY: +42.8%
EBIT
1.83B
Prev Year: 915.80M
YoY: +99.6%
EBITDA
2.14B
Prev Year: 1.19B
YoY: +79.1%
Reconciled Cost of Revenue
6.41B
Prev Year: 4.98B
YoY: +28.5%
Reconciled Depreciation
308.60M
Prev Year: 277.00M
YoY: +11.4%
Net Income from Continuing Operation Net Minority Interest
1.33B
Prev Year: 495.80M
YoY: +168.8%
Total Unusual Items Excluding Goodwill
-68.20M
Prev Year: -466.20M
YoY: +85.4%
Total Unusual Items
-68.20M
Prev Year: -466.20M
YoY: +85.4%
Values in USD

Vertiv Holdings Co key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$10.2B$8.0B$6.9B$5.7B$5.0B
Gross profit$3.7B$2.9B$2.4B$1.6B$1.5B
Operating income$1.9B$1.4B$916.8M$227.8M$273.2M
Net income$1.3B$495.8M$460.2M$76.6M$119.6M
Diluted EPS$3.41–$1.19$0.04$0.33
Total assets$12.2B$9.1B$8.0B$7.1B$6.9B
Total liabilities$8.3B$6.7B$6.0B$5.7B$5.5B
Shareholders' equity$3.9B$2.4B$2.0B$1.4B$1.4B
Cash and short-term investments$1.8B$1.2B$780.4M$260.6M$439.1M
Total debt$3.2B$3.1B$3.1B$3.4B$3.1B
Operating cash flow$2.1B$1.3B$900.5M-$152.8M$210.9M
Capital spending$226.4M$184.1M$134.6M$111.0M$84.6M
Free cash flow$1.9B$1.1B$765.9M-$263.8M$126.3M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2016.

Questions and answers

What was Vertiv Holdings Co's revenue in fiscal year 2025?

$10.23 billion, up 27.7% from $8.01 billion in fiscal year 2024.

How much profit does Vertiv Holdings Co make?

Vertiv Holdings Co reported net income of $1.33 billion for fiscal year 2025 (13.0% of revenue); operating income was $1.90 billion.

How much cash and debt does Vertiv Holdings Co have?

At the end of fiscal year 2025: cash and short-term investments of $1.83 billion and total debt of $3.23 billion.

What is Vertiv Holdings Co's free cash flow?

$1.89 billion in fiscal year 2025 (operating cash flow of $2.11 billion minus capital spending of $226.40 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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