Perma-Pipe International Holdings, Inc.

For the period ended Jan 31, 2026. Filed Apr 16, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Apr 16, 2026

PPIH$29.65+4.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(In thousands, except per share data)

	January 31,
	2026	2025
ASSETS
Current assets
Cash and cash equivalents	$18,720	$15,716
Restricted cash	3,575	1,401
Trade accounts receivable, less allowance for doubtful accounts of $1,571 at January 31, 2026 and $703 at January 31, 2025	66,023	43,148
Inventories	18,115	16,622
Prepaid expenses and other current assets	6,835	10,045
Unbilled accounts receivable	28,814	18,936
Costs and estimated earnings in excess of billings on uncompleted contracts	4,652	2,934
Total current assets	146,734	108,802
Long-term assets
Property, plant and equipment, net of accumulated depreciation	44,116	35,365
Operating lease right-of-use asset	13,054	8,199
Deferred tax assets	5,954	6,639
Goodwill	2,188	2,057
Other long-term assets	5,440	4,179
Total long-term assets	70,752	56,439
Total assets	$217,486	$165,241
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Trade accounts payable	$24,541	$23,691
Accrued compensation and payroll taxes	1,449	1,388
Commissions and management incentives payable	6,580	5,840
Short-term borrowings and current maturities of long-term debt	19,843	9,246
Customers' deposits	11,853	2,506
Operating lease liability short-term	2,196	1,071
Other accrued liabilities	7,235	6,697
Billings in excess of costs and estimated earnings on uncompleted contracts	2,153	1,249
Income taxes payable	3,939	2,375
Total current liabilities	79,789	54,063
Long-term liabilities
Long-term debt, less current maturities	4,169	3,669
Long-term finance obligation	8,527	11,551
Deferred compensation liabilities	1,781	1,689
Deferred tax liabilities	1,816	1,320
Operating lease liability long-term	12,125	7,713
Other long-term liabilities	2,978	2,131
Total long-term liabilities	31,396	28,073
Non-controlling interest	15,663	10,967
Commitments and contingencies (See Item 3)
Stockholders' equity
Common stock, $.01 par value, authorized 50,000 shares; 8,122 issued and outstanding at January 31, 2026 and 7,983 issued and outstanding at January 31, 2025	81	80
Additional paid-in capital	61,097	60,151
Retained earnings	37,139	20,104
Accumulated other comprehensive loss	(7,679)	(8,197)
Total stockholders' equity	90,638	72,138
Total liabilities and stockholders' equity	$217,486	$165,241

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.