GENERAC HOLDINGS INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
GNRC$176.78+2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
GENERAC HOLDINGS INC.
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| PART I. FINANCIAL INFORMATION | ||
| Item 1. · Financial Statements | ||
| Condensed Consolidated Balance Sheets as of September 30, 2025, and December 31, 2024 | 1 | |
| Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2025 and 2024 | 2 | |
| Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended September 30, 2025 and 2024 | 3 | |
| Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024 | 5 | |
| Notes to Condensed Consolidated Financial Statements | 6 | |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 19 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 31 |
| Item 4. | Controls and Procedures | 31 |
| PART II. OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 31 |
| Item 1A. | Risk Factors | 31 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 32 |
| Item 3. | Defaults Upon Senior Securities | 32 |
| Item 4. | Mine Safety Disclosures | 32 |
| Item 5. | Other Information | 32 |
| Item 6. | Exhibits | 32 |
| Signatures | 33 | |
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Generac Holdings Inc.
Condensed Consolidated Balance Sheets
(U.S. Dollars in Thousands, Except Share and Per Share Data)
(Unaudited)
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $300,009 | $281,277 |
| Accounts receivable, less allowance for credit losses of $34,543 and $35,465 at September 30, 2025 and December 31, 2024, respectively | 680,082 | 612,107 |
| Inventories | 1,329,687 | 1,031,647 |
| Prepaid expenses and other current assets | 192,335 | 107,139 |
| Total current assets | 2,502,113 | 2,032,170 |
| Property and equipment, net | 778,590 | 690,023 |
| Customer lists, net | 135,982 | 152,737 |
| Patents and technology, net | 350,132 | 379,095 |
| Other intangible assets, net | 12,714 | 20,026 |
| Tradenames, net | 201,420 | 206,664 |
| Goodwill | 1,465,099 | 1,436,261 |
| Deferred income taxes | 20,111 | 24,132 |
| Operating lease and other assets | 131,941 | 168,223 |
| Total assets | $5,598,102 | $5,109,331 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Short-term borrowings | $46,046 | $55,848 |
| Accounts payable | 620,717 | 458,693 |
| Accrued wages and employee benefits | 68,251 | 81,485 |
| Accrued product warranty | 44,689 | 56,127 |
| Other accrued liabilities | 349,477 | 313,401 |
| Current portion of long-term borrowings and finance lease obligations | 17,139 | 67,598 |
| Total current liabilities | 1,146,319 | 1,033,152 |
| Long-term borrowings and finance lease obligations | 1,356,971 | 1,210,776 |
| Deferred income taxes | 62,091 | 33,185 |
| Deferred revenue | 208,939 | 193,260 |
| Operating lease and other long-term liabilities | 173,954 | 141,515 |
| Total liabilities | 2,948,274 | 2,611,888 |
| Redeemable non-controlling interests | 930 | – |
| Stockholders’ equity: | ||
| Common stock, par value $0.01, 500,000,000 shares authorized, 74,050,637 and 73,785,631 shares issued at September 30, 2025 and December 31, 2024, respectively | 741 | 738 |
| Additional paid-in capital | 1,176,108 | 1,133,756 |
| Treasury stock, at cost, 15,365,404 and 14,173,697 shares at September 30, 2025 and December 31, 2024, respectively | (1,356,714) | (1,196,997) |
| Excess purchase price over predecessor basis | (202,116) | (202,116) |
| Retained earnings | 3,028,020 | 2,844,296 |
| Accumulated other comprehensive loss | (2,291) | (85,399) |
| Stockholders’ equity attributable to Generac Holdings Inc. | 2,643,748 | 2,494,278 |
| Noncontrolling interests | 5,150 | 3,165 |
| Total stockholders' equity | 2,648,898 | 2,497,443 |
| Total liabilities and stockholders’ equity | $5,598,102 | $5,109,331 |
See notes to condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.