Perma-Pipe International Holdings, Inc.
For the period ended Jan 31, 2026. Filed Apr 16, 2026.
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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$29.53-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Year ended January 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $20,649 | $13,091 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 4,910 | 3,629 |
| Deferred tax expense | 1,112 | 1,617 |
| Stock-based compensation expense | 2,537 | 860 |
| Provision on uncollectible accounts | 880 | 4 |
| (Gain) loss on disposal of fixed assets | (16) | 292 |
| Changes in operating assets and liabilities | ||
| Accounts payable | 481 | (1,169) |
| Accrued compensation and payroll taxes | 772 | 1,530 |
| Inventories | (1,360) | (1,817) |
| Customers' deposits | 9,343 | (1,637) |
| Income tax receivable | 15 | - |
| Prepaid expenses and other current assets | 3,247 | (447) |
| Accounts receivable | (22,559) | 2,465 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | (1,718) | 163 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | 904 | 753 |
| Unbilled accounts receivable | (9,943) | (2,987) |
| Other assets and liabilities | (85) | (2,419) |
| Net cash provided by operating activities | 9,169 | 13,928 |
| Investing activities | ||
| Capital expenditures | (10,440) | (2,875) |
| Proceeds from sales of property and equipment | 17 | 27 |
| Net cash used in investing activities | (10,423) | (2,848) |
| Financing activities | ||
| Proceeds from revolving lines | 91,857 | 76,344 |
| Payments of debt on revolving lines | (84,210) | (76,540) |
| Payments of debt on mortgage | (222) | (360) |
| Payments of principal on finance obligation | (229) | (187) |
| Increase (decrease) in drafts payable | (17) | 46 |
| Payments on finance lease obligations, net | (84) | (31) |
| Stock options exercised and taxes paid related to restricted shares vested | (509) | (179) |
| Net cash provided by (used in) financing activities | 6,586 | (907) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (154) | (296) |
| Net increase in cash, cash equivalents and restricted cash | 5,178 | 9,877 |
| Cash, cash equivalents and restricted cash - beginning of period | 17,117 | 7,240 |
| Cash, cash equivalents and restricted cash - end of period | $22,295 | $17,117 |
| Supplemental cash flow information | ||
| Interest paid | $1,768 | $1,928 |
| Income taxes paid | 4,055 | 3,714 |
| Fixed assets acquired under financing leases - non-cash | 711 | - |
| Fixed assets acquired - non-cash | 257 | 21 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.